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Discover Cashback as payment option

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Irisa
Senior Contributor

Discover Cashback as payment option

I'm not sure if this has been discussed already. I did a quick search and couldn't find another thread about it. In any case, I apologize if this is old news around here, it's the first time I see it. Smiley Happy

 

Discover now allows using Cashback Bonus to make payments. IIRC, the minimum payment was still required before even when you applied Cashback towards your balance. I found this change interesting so I thought I'd share.

 

 

 

Discover CB2.png

 

 

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Saleen099
Senior Contributor

Re: Discover Cashback as payment option

 Yes it has been discussed before  but it is always great to have a fresh new set of eyes  and to get somebody else's thoughts on it. 

Message 2 of 4
UncleB
Credit Mentor

Re: Discover Cashback as payment option


@Saleen099 wrote:

 Yes it has been discussed before  but it is always great to have a fresh new set of eyes  and to get somebody else's thoughts on it. 


+1

 

The last time I saw it discussed there was some lingering questions as to if it could actually be used as a payment (at the time, the language was ambiguous).  I'm glad to see they decided to move forward and make it clear that you can, indeed, use cash rewards for an actual payment!  Smiley Very Happy

 

I'm really glad I was able to get a Discover card last summer... it's already saved me a ton in both cash rewards and interest!  Smiley Tongue

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Closingracer99
Valued Contributor

Re: Discover Cashback as payment option

You can use cash back as min payment if you're willing to wait a week give or take. What i do is ask it to deposited into my bank and then use it as payment to my cc  Smiley Happy


My Cards: Amex BCE: $9,000, Amex Hilton HHonors: $2,000, Amex ED: $12,000, Barclays NFL extra points: $3,000, Bank of America MLB cash rewards: $17,000, BBVA compass NBA Amex triple double rewards: $17,000, Chase Amazon: $1,000, Chase Freedom: $9,000, Chase Sapphire: $5,000, Chase Slate: $5,000, Chase Disney: $4,000, Citi Double Cash: $5,400, Citi AA plat: $5,500, Citi Simplicity: $3,000, Citi Thank you preferred: $8,800, Capital one GM: $2,000, Capital one PlayStation: $3,000, Gamestop: $1,150, Amazon Store: $5,000, Ebay MasterCard: $5,000, American Eagle Storecard: $750, Macy's: $500
EX: 744, TU:750, EQ: 740
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