Discover's Bonus Program Emphasizes Cash, Instead Of Traditional Trinkets, Trips

CAROL STREAM, Ill.-Discover Card reported its Cashback Bonus program is now providing unlimited cash rewards with every purchase.

Processing Content

The company earlier released survey data indicating 82% of consumers prefer cash rewards over any other type of rewards. Key features of Discover Card's Cashback Bonus program include:

* 5% cashback bonus for purchases in multiple categories throughout the year

* No service fee on rewards redemption of any type or any channel

* Redemption starts at $20

* The only card that allows members to increase the value of their rewards through Partner gift cards and e-certificates

* Statement credits can be used to pay down a balance-no purchase necessary

* Rewards can be donated to charity

Discover has long been a participant in credit card rewards programs, but the credit card company has found getting past the existing relationships between credit unions and Visa and/or MasterCard has been challenging.

For info: www.discovercard.com


For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER
Load More