Discover Cash Back

[MsLadyRover]

I have a total of $249.81 in Discover Cash Back.

What's the best way to utilize the cash to get the best bang for my buck? I was thinking about doing a statement credit. Do you think the other options to use your cash back are better?

Your thoughts?

[nois]

You can purchase gift cards to various establishments for less than face value which extends the value of your cash back. I also like shopping at Amazon.com where accrued cash back balance can be used directly - but it is 1:1 value.

[youngandcreditwrthy]

Dang MsLadyRover...

You must be spending like crazy on that card!!! lol

Sometimes they have really good redemption rates on gift cards to like restaurants or gas.. Check their site out. I prefer a statement credit myself. Have some fun with it! I love cash back!

[-Wade-]

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@MsLadyRover wrote:

I have a total of $249.81 in Discover Cash Back.

What's the best way to utilize the cash to get the best bang for my buck? I was thinking about doing a statement credit. Do you think the other options to use your cash back are better?

Your thoughts?

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you need to go to their website! I seen like you can get $100 credit on $40 or $60 for your cash back on a hotel !

[-Wade-]

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@youngandcreditwrthy wrote:

Dang MsLadyRover...

You must be spending like crazy on that card!!! lol

Sometimes they have really good redemption rates on gift cards to like restaurants or gas.. Check their site out. I prefer a statement credit myself. Have some fun with it! I love cash back!

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@Anonymous @ young!!! I had my card 1 yr and my cash back is 290 already

[youngandcreditwrthy]

I've only gotten like $55. I  have used it mostly for BTs and to take advantage of the 0% LOL..

I mainly use Amex and Chase cards currently!

[-Wade-]

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@youngandcreditwrthy wrote:

I've only gotten like $55. I  have used it mostly for BTs and to take advantage of the 0% LOL..

I mainly use Amex and Chase cards currently!

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I use my Amex for gro.

[Boragard]

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@MsLadyRover wrote:

I have a total of $249.81 in Discover Cash Back.

What's the best way to utilize the cash to get the best bang for my buck? I was thinking about doing a statement credit. Do you think the other options to use your cash back are better?

Your thoughts?

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I say cash it out and open up a CD or IRA Roth and let it grow even bigger if you really want bang for your buck!

[-Wade-]

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@Boragard wrote:

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@MsLadyRover wrote:

I have a total of $249.81 in Discover Cash Back.

What's the best way to utilize the cash to get the best bang for my buck? I was thinking about doing a statement credit. Do you think the other options to use your cash back are better?

Your thoughts?

---

I say cash it out and open up a CD or IRA Roth and let it grow even bigger if you really want bang for your buck!

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I want to see how much cash I can get back so I am letting mine grow

[MsLadyRover]

Thanks for all the suggestions everyone! I'm going to look into all of them and make a decision. I like that CD idea.  Never even thought about that.

I spent a lot on my Discover card this holiday season taking advantage of the 5% cash back on online purchases plus I combined that with the shop discover additional cash back on many of my purchases. There is also a $50 refer a friend credit tied into that cash back balance as well.

Thanks again everyone!