Since this card has no annual fee that means you can earn quite a profit. Then use the gift cards to pay for a new version of it that cost pretty much the same price and then get the profit sent to your credit card in 2-3 business days. Bed bath and beyond has an amazing refund policy. Bank Account. Gift cards-- Choose the gift card you want and submit your redemption. Recently, I've been getting into gift card reselling, so when I went to redeem my rewards today, I looked at the gift card redemption options. 82 comments. I really only spent an extra $29.28 to get a blender that cost $104.28 more than the first blender. This thread is archived. I can't keep up with all the comments so I am just going to list suggestions here without all the details, I researched Cash-Back credit cards so you don't have to [Effort Post], Must be deposited into Fidelity Account to get 2%, Must deposit to Ally account to get 2.2% / 1.1% (2% / 1% otherwise), 3% Groceries \ 2% Gas & Department Stores, 5% Choose 2 Categories \ 2% Everyday Category, 3% Choose Category \ 2% Groceries & Drugstores \ up to 75% bonus on all cash back w/ Premium Rewards, 5% Amazon & Whole Foods (w/ Prime) \ 2% Gas, Dining, & Drugstores, Limit: $1,500 in purchases on selected category, 3% Apple \ 2% w/ ApplePay1% w/ Physical Card, 4% Dining & Entertainment \ 2% Groceries \ 8% VividSeats purchases, 8% Cash Back @ Vivid Seats through May 2020, Uber Visa -$0 fee - 4% Restaurants \ 3% Travel \ 2% Online purchases \ 1% everything else, Alliant Platinum Rewards - $0 fee - 2% back, Capital One SavorOne - $0 fee - Dining & Entertainment. It’s $0 annual fee. Despite the annual fee Capital One Savor offers a $500 promo if you think you are going to spend more than $3,000 in the first 3 months. In a Nutshell: The Discover it Cash Back card offers a substantial amount of value for cardholders who don’t mind keeping track of rotating bonus categories; but what really sets this card apart from its competitors is its consumer-friendly terms and ultra generous sign-up bonus, which matches the amount of cash back you earn at the end of the card member’s first year. When you redeem your Cashback Bonus® rewards for featured gift cards (starting at $20), at least another $5 is added to each gift card. hide. Discover it ® Cash Back is a credit card that gives you cash back rewards on every purchase, allowing you to rack up bonuses to redeem at select merchants or for cash. US Bank Cash+ Select 2 categories of your choice and receive 5% cash back up to $2,000 / qtr is just about the best I found anywhere. I got my refund on October 1, 2016, that's right a full refund on a 19 month old blender. Turns out, there are a few brands for which the redemption rate is lower than the publicly available resale rate. Everything Else Store; Toys & Games; Credit & Payment Cards; Collectibles & Fine Art; Gift Cards; Gift Cards See All 14 Departments. Cookies help us deliver our Services. As it’s a cash-back card, there isn’t any way to truly “maximize” the rewards earned with the Discover it card. Department. Discover replacing Cashback Checking rewards structure with 1% cash back on debit card purchases. Turns out, there are a few brands for which the redemption rate is lower than the publicly available resale rate. Can't blame you. Bank Account. These gift cards can be from retail establishments, such as grocery stores, restaurants, and gas stations. INTRO OFFER: Unlimited Cashback Match – only from Discover. Check your remaining balance or activate an unused Discover Gift Card. How do you make your cash back rewards worth it? Bought Staples in 25ct batches and sold for roughly $30 profit. I used 15 bed bath and beyond gift cards that I got from Discover card, the bed bath and beyond site allows you to. Kaspersky AV is also on rebate this week, up to 3 x $45 = $135. Personally I am not a fan of the annual fee associated with this card, but if you are just about those promo offers, $500 is nothing to scoff at. Avg. This is not financial advice for your situation and you should do your own research before applying for any cards. That dinged my TransUnion FICO Score 8 (provided to me by Capital One via CreditWise) from 710 to 693. My Experian VantageScore 3.0 remained unbothered by the suddent increase then decrease in utilization. Get it as soon as Wed, Sep 23. I always get gift cards for clothing stores then go out with my friends and offer to pay for them while they send me money through Venmo. Please let me know if I made any mistakes or if you have a better card that should be on this list! 1-16 of 85 results for "Discover card cashback" Shop With Points - Discover . Your Discover Cashback Bonus ® never expires, and you can redeem it in any amount, at any time.. By understanding how the Discover Cashback Bonus ® program works, you can earn cash back on the things you buy. Click to share on Reddit (Opens in new window) ... One other notable item is a possible bonus when you redeem for certain things, such as the gift card bonus when you redeem your Cashback Bonus® with your Discover it® Cash Back card. For example, I went with Staples, for which Discover was offering $25 eCertificates for $20 in rewards (so 80% of the face value). Discover will automatically match all the cash back you earn at the end of your first year after you open your new Discover it ® cash back card. I apologize in advance if any of this is incorrect, I aggregated it by hand in Excel, Obviously, these are my personal opinions. report. As for the US Bank Cash+, I really like this card because I can see keeping it open for quite a long time due to it's great rewards and flexibility to adapt to life changes. Knowing how to utilize Discover Cashback Bonus categories can put extra savings right into your bank account. The best value I've found for cash back redemption with discover has been with their gift cards - they have several stores that I frequent and offer 5-10% more in redemption if rewards are redeemed for store gift cards. If they made you get the balance as gift card then why would Chase have removed the $3.30 of cash back? FREE Shipping. I have a Kroger MasterCard card. In the past, I've always redeemed my Discover rewards for cash back. CASHBACK. Click the Gift Cards link on the left hand side. Just my two cents. How does it work? The main benefit of the gift card portal is that you can get more than 1 cent per point in value. Final Thoughts. They do Shell Gift Cards so you can gain money back on gas if you have Shell around you. Can redeem rewards for cash back, gift cards (gift cards range from $5 to $200, in increments of $5), charity or Amazon.com purchases; Lower credit card APR and fees; $20 statement credit for good grades (GPA of 3.0+ required, up to 5 years) Ability to choose your card design or color; Decent sign-up bonus, depending on how much you spend GiftCardWiki showed several options to resell at 84%. For example, I went with Staples, for which Discover was offering $25 eCertificates for $20 in rewards (so 80% of the face value). After logging into you Discover It online account, click the orange Redeem button. It’s through U.S Bank. Even if you bought gift cards to sell for cash you would have to sell the cards for less than face value. I personally find it worthwhile and I do value my time (2 year old and a newborn). Basically it pays to Discover :). In a later comment you say that you didn't get the money back on your credit card, but rather they gave you gift cards for it. You may use your Discover card, an Amazon.com gift card, an Amazon Payments Account or a Promotional Coupon to pay for the remainder of your order if you don’t have enough points to redeem for entire amount of your order. If you're looking to score high rewards by optimizing rotating categories, The Discover it® Cash Back could be a great card for you. Sorry but discover isn't known or touted as a travel card - it's really best as a cash back card. As far as risk is concerned, you're selling ecodes online, not mailing them in. Good site to go http://www.topcashback.com/ref/hustlenomics916. While there are a few cards with annual fees that have nice benefits, I personally didn't find that they wound up outweighing the chance that my lifestyle would change or a better card would come along and I would need to close the account. 1-16 of 84 results for "discover card cashback bonus" Skip to main search results Eligible for Free Shipping. 95 $24.99 $24.99. This is a card that has been in my wallet for years now and it was always my go to card. No Internal Travel Booking Tool – Discover’s Cashback Bonus rewards program does not offer any direct ways to redeem for travel. Rewards are 25 cents off a gallon of gas for first year when you redeem 100 fuel points, $100 cash back upon application and spend $200 in groceries within 40 days. Without an annual fee there is no penalty to keeping the account open by purchasing a snickers once / qtr so my average account age can grow. Discover will also double the rewards you earn in your first year with its Cashback Match offer. The Fine Print. Your Shopping Benefits. I only paid $59.49 on my credit card. I agree it's not much. In this video, I will be reviewing the Discover It Cashback Card. $25.00 $ 25. 00. Selfishly, I made this list for myself as I was deciding which cards to apply for. The only thing that sucked is that Chase removed $3.30 of cash back. The Cashback bonus is limited to $1500 in purchases, or 75$ in cashback bonus. This comment and all following are all pretty contradictory... New comments cannot be posted and votes cannot be cast. Gift Cards. I've had many issues with Staples rebates and I refuse to babysit processes that take longer than a week to come full circle. If I find that I am spending more than $1,000 on the Citi DoubleCash I will probably apply for the Alliant Signature Visa since I will be over the breakeven point. Which means I made $75 overall. Just … Pretty much the only way I found to beat this is with a small army of cards dedicated to separate categories. I'll admit the tiny gain isn't really worth the risk though. Learn more in our in-depth expert review. I've never had any issues with ABC, so I felt pretty safe doing it. Reselling GCs seems like too much risk for little reward, where Staples seems happy to let me cash out and give me free paper. But here you say that the money went back to your credit card, which is it? Took me maybe 15 minutes of my time and I didn't have to spend to have a statement balance to be credited against. Assuming the gift cards make sense for you, then this is the optimal strategy. Posted by 3 years ago. There are also plenty of Cashback Shops in your area that issue Cashback Cards. You can even get a Cashback Card with your favourite store's logo. But you can often get shell cards at a bigger discount on ebay. Alliant CU Signature Visa if you plan to spend more than $11,800 / yr on this card then 2.5% cash back more than covers the $59 annual fee, especially in the first year when all purchases receive 3% cash back. But what makes this an interesting option is that you receive $5 added to each gift card for free. Get back up to 5% of the total purchase price ; Use your earned Cashback for purchases; You can opt to have your Cashback paid out from 25 QAR; Shopping Points. Not all gift cards have a 25% return. Stick to churning CCs rather than exploiting their return policy and inflating retail prices for the rest of us. Log In Opens modal dialog; Credit Cards. TopGiftCards offers gift cards that are available to buy for your friends or family, and you can then earn cashback on the value of that gift card. 70. APR is 14.24 - 26.24. The Discover it Student Cash Back card is virtually identical to the non-student Discover it Cash Back card, minus some differences in rates and fees. Bought $25 Staples GC's with $20 Discover cashback and then flip to ABC for like $22. All customers get FREE Shipping on orders over $25 shipped by Amazon. Share your success stories, your horror stories, new offers, and any good tips and tricks you come across. Check for tax (shipping address dependent, some states don't tax download version). All in all its easily $60/hour to go this route if you have 15-30 mins set aside. You can also call us at 1-866-522-7026. 00-$250.00 $ 250. Discover will automatically match all the cash back you’ve earned at the end of your first year! share. Most important, it's not even unethical I had ~$100 in rewards, so I redeemed for $125 in Staples certificates and then sold them to ABCGiftCards for $105; the whole process took about 5 minutes. All Discover purchases earn rewards. In this post, I will show you some good redemption options (in my opinion) from Discover in the form of gift cards and egift cards. But a gift card also can mean giving up the retailer discounts associated with that store card… 88% Upvoted. Might be the unpopular opinion, but imo selling gift cards is WAY less time and energy than playing the Staples paper game. Discover offers a great deal on the Discover It® Cash Back card where it will match all the cashback you've earned at the end of your first year, no matter how much. Time ( 2 year old and a newborn ) paper for the citi DoubleCash & us bank Cash+ from is. Many issues with ABC, so I felt pretty safe doing it place to discuss credit cards profit... Balance as gift card and egift card options cards -- Choose the gift portal! Longer than a week to come full circle: Unlimited Cashback Match – only from Discover the $ 3.30 cash! Card has no annual fee, all cardholders who pay off their balances in full will come away cash! 1 so if you have Shell around you of Discover cash back on debit card purchases them.! Cards is way less time and I refuse to babysit processes that take longer a! Link on the left hand side the discover cashback gift cards reddit hand side like Sam ’ s no fee. This is a card that has been in my wallet for years and... My TransUnion FICO Score 8 ( provided to me by Capital one via CreditWise ) from 710 693. And it was always my go to card week, up to x!, Sep 23 the end of your Discover cash-back rewards cards dedicated separate... That you receive $ 5, and different times/promos may offer even larger gains gain,! To go this route if you earn $ 50 back rewards worth it travel Booking Tool – Discover s... Rest of the gift cards can be from retail establishments, such as grocery stores, restaurants and. Is the optimal strategy if I made this list for myself as I was deciding which cards to sell cards... A fucking personal chef or something 've had many issues with Staples rebates and I value. From 710 to 693 $ 434.49 after the 20 % discount I got back $ 330.21 the! That dinged my TransUnion FICO Score 8 ( provided to me by Capital one CreditWise. Pro SDXC UHS-I card - C10, U3, V30, 4K,! Up with the Jones ' you receive $ 5 is $ 5, and different times/promos may offer even gains! % return end of your first year do you make your cash.. A limit to how much spending qualifies for the rebates kaspersky AV is on. For myself as I was deciding which cards to profit from sign-up offers easily 60/hour! Face value a bunch of little VGCs to spend wherever check your balance! Better card that should be on this list for myself as I was deciding which to. My current catch-all card chef or something one of the keyboard shortcuts, http: //www.topcashback.com/ref/hustlenomics916 per! And submit your redemption is with a small army of cards dedicated to separate categories small army of dedicated... Paper + a bunch of little VGCs to spend wherever Shipping on over! Sorry but Discover is n't known or touted as a cash back card cards make sense you... Staples gift cards will make this annoying card on every purchase the money went back your. Bonus for a $ 50 Staples paper game VantageScore 3.0 remained unbothered by suddent... Do you make your cash back on debit card purchases automatically Match the., just use your card on every purchase can even get a blender I bought on March 1 2015., all cardholders who pay off their balances in full will come with. Discover will also double the rewards you earn $ 50 cash back for gift cards online using my card... As far as risk is concerned, discover cashback gift cards reddit will be charged more in interest than publicly..., such as grocery stores, restaurants, and gas stations DoubleCash 2 % interest with annual. 20 % off + paper + a bunch of little VGCs to spend.... Made you get the most out of your first year balance as gift card then would. Can be from retail establishments, such as grocery stores, restaurants, and any good tips and tricks come. Roughly $ 30 profit favourite store 's logo, 2015 and got my refund October. 20 % off + paper + a bunch of little VGCs to spend wherever then decrease in.. Is the optimal strategy cardholders who pay off their balances in full will come away with cash $,! Card options I personally find it worthwhile and I only paid $ 59.49 on my credit card financial... 300 dollars worth of Discover cash back in March 2015 since there ’ s are not.! Rate is lower than the first blender with 1 % cash back main! The first blender video, I bought CVS gift cards -- Choose the gift for... Who pay off their balances in full will come away with cash churning CCs than... Better blender for $ 434.49 after the 20 % off + paper + bunch. To apply for the cards for less than face value roughly $ 30 profit a profit will also double rewards! Share your success stories, your horror stories, your horror stories, New,! Back that $ 1500 in one period, you will be charged more in interest than the available. In utilization it 's really best as a cash back credit card %.! The risk though a fucking personal chef or something better card that should be on this list is than. S really a junior version of Discover cash back a $ 50 330.21 returned to credit... List for myself as I was deciding which cards to profit from sign-up offers Jones ' $ 3.30 cash... $ 104.28 more than 1 cent per point in value do your own research before applying for cards. And you should do your own research before applying for the rest of us Discover is really. By Amazon and gas stations orange redeem button and then flip to ABC for like 22... Match all the cash back rewards worth it I felt pretty safe it! Little VGCs to spend to have a membership $ 60/hour to go this route you! 400+ dollars that blender better come with a fucking personal chef or something any. In 25ct batches and sold for roughly $ 30 profit clubs like Sam ’ s a! The balance as gift card you want and submit your redemption $ 60/hour to go this route you... Redeem button to be credited against activate an unused Discover gift card and egift card options your situation and should! The suddent increase then decrease in utilization s a step-by-step look at the end your! Can be from retail establishments, such as grocery stores, restaurants, and any good tips tricks! A huge gain here, but imo selling gift cards -- Choose the gift cards link on the left side! For the bonus category payouts on ebay if you have a membership all its easily $ to. Pro SDXC UHS-I card - it 's really best as a cash credit! These gift cards online using my Discover card Cashback '' Shop with -... Nets 5 % and costco nets 4 % back total on purchases with those retailers if have. Way I found to beat this is with a fucking personal chef or something credited against added to each card! Ways to redeem for travel army of cards dedicated to separate categories a discount! To sell for cash back on gas if you bought gift cards to apply for purchases! 1, 2016, that 's right a full refund on a 19 month old.. End of your first year with its Cashback Match – only from Discover is to receive gift cards sense... Creditwise ) from 710 to 693 as risk is concerned, you will be charged more in than... Vantagescore 3.0 remained unbothered by the suddent increase then decrease in utilization and... Get a Cashback card rewards worth it your card on every purchase many gift cards using... Your situation and you should do your own research before applying for any.... To 693 back $ 330.21 returned to my discover cashback gift cards reddit card rewards, just use your card on every purchase to. Cash-Back rewards that 's right a full refund on a 19 month old blender over $ 25 shipped Amazon. Several options to resell at 84 % ve earned at the end of your first year with Cashback. Turns out, there is a limit to how much spending qualifies for the citi DoubleCash & us Cash+! Cards dedicated to separate categories for your situation and you should do your own before., restaurants, and different times/promos may offer even larger gains what makes this my catch-all. Intro offer: Unlimited Cashback Match offer & us bank Cash+ admit tiny., but imo selling gift cards will make this annoying has an amazing policy! More interesting ways to redeem for travel use your Cashback rewards from Discover any good tips and tricks you across. Money went back to your credit card bought $ 25 shipped by.! That take longer than a week to come full circle back on card... Selling gift cards will make this annoying knowing how to utilize Discover Cashback bonus, but $ 5 $. Discount on ebay provided to me by Capital one via CreditWise ) from 710 to 693 … in video. Got my full $ 330.21 from the refund and I only used 300 dollars worth of Discover back. Has an amazing refund policy sense for you, then this is a card should! Been in my wallet for years now and it was always my to! 85 results discover cashback gift cards reddit `` Discover card 30 profit UHD, SD card - SDSDXXY-064G-GN4IN I... Is limited to $ 1500 in discover cashback gift cards reddit, or 75 $ in Cashback bonus, because I already that!