Q:

How do you redeem Discover Card points?

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Quick Answer

There are five main ways to redeem points obtained through Discover's credit card rewards programs: paying for purchases, buying a gift card, applying points toward travel, donating money to charity, or redeeming for cash or credit, according to Discover. All five ways of redeeming points provide certain incentives and benefits.

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Full Answer

For example, the cashback bonus offered by Discover allows cardholders to pay for online purchases with their rewards points. This method of redeeming points is available at a wide range of online retailers. In addition, many companies provide extra bonuses for purchasing gift cards with Discover points, such as receiving a $25 card for only $20, notes Discover.

The travel option allows cardholders to redeem miles at the current rate, thus avoiding increasing conversion rates, explains Discover. While some charities require a minimum amount for donation, many accept Discover points as cash donations.

Discover recommends that cardholders look for opportunities to increase their points as much as possible, through bonus offers and savings, in order to get the most out of their accumulated points. The Discover website and representatives can assist in calculating the cash value of rewards points, which can be helpful in deciding when to redeem any accumulated points.

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