Does Discover it Cash Back ask for proof of income? No out and out request for proof of income and no transparent income requirements.What are the cash-back rewards limit? There is a $1,500 cap on purchases each quarter that allows you to get the bonus cashback rates.
#Compare credit cards discover full
There is a full list of charitable causes that you can check on the Charity Redemption page when you log into your account. You can also use your rewards to purchase gift cards or pay with your rewards at checkout at PayPal or .įinally, you can use your rewards to make a charitable donation. You’ll need to provide Discover with your banking information. Again, this takes approximately three days. It also counts towards making the minimum payment for that statement period.Īnother option is to request a direct deposit into your bank account. This is a good way to pay down your card balance. Once you request redemption, it takes approximately three business days for it to appear on your account. The simplest way to redeem your cash back is as statement credit. So, you don’t need to worry about claiming your rewards at any point. Additionally, redeeming your rewards does not impact the Discover Cash Match. So, even if you only have $0.01 in rewards, you can redeem them. Unlike many other types of card, there is no minimum redemption. The company offers several redemption options to claim your rewards. So, if you’re planning on closing out your account, be sure to wait until your bonus rewards have been processed.Īs we touched on above, Discover has a flexible redemption policy. Discover will not pay the bonus on a closed account. You need to maintain an active account to receive your bonus rewards. There are no purchase minimums to qualify. Discover will process your rewards and add them to your account within two billing periods. It will simply accumulate on your account after your one year card anniversary. There are no stipulations on how you redeem your bonus cash back. Just make purchases with your card as normal and every dollar you spend will effectively qualify for double cash back or double miles. This means that you don’t need to track your spending or watch the calendar to make sure you qualify. Unlike other cards where you need to meet spending requirements within a specific timeframe to qualify for the introductory reward bonus, the Discover Cash Match doesn’t require that you do anything. This is a fantastic incentive that doesn’t require you, as the cardholder to do anything. The Cash Match scheme allows you to get a dollar for dollar, mile for mile bonus.ĭiscover calculates the amount of your rewards in your first year and provides a credit for the same amount. Unlike many issuers that have specific minimum spends or time restrictions, the Discover Rewards Program offers some great bonuses. All products are presented without warranty. Learn more about how we review products and read our advertiser disclosure for how we make money. While we work hard to provide accurate and up to date information that we think you will find relevant, The Smart Investor does not and cannot guarantee that any information provided is complete and makes no representations or warranties in connection thereto, nor to the accuracy or applicability thereof. The compensation we receive from advertisers does not influence the recommendations or advice our editorial team provides in our articles or otherwise impacts any of the editorial content on The Smart Investor. This allows us to maintain a full-time, editorial staff and work with finance experts you know and trust. This website may use other proprietary factors to impact card offer listings on the website such as consumer selection or the likelihood of the applicant’s credit approval. This website does not include all card companies or all card offers available in the marketplace. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). The product offers that appear on this site are from companies from which this website receives compensation. This website is an independent, advertising-supported comparison service.
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