**Looking for Discover’s latest double-cash-back promo for 2015? Go here.**
Q: What is the double cash back bonus from Discover and how does it work?
A: Discover arguably have the best cash back system. One of the features of their program is what is known as the ability to get up to double cash back, when you choose to redeem your rewards in the form of partner gift cards.
Let me give you an example…
Let’s say you had $50 in cash back on your account. You could take that in the form of a check – or – you could get a redeem $20 of it to get a $40 voucher for Enterprise Rent-A-Car, for example.
There are around 200 different companies participating in the partner gift card program – some boost your rewards value by 10% or 20%, while other companies boost it by 100% (double) or more, hence the name Discover double cash back bonus. What’s so great about this is not only are you earning high cash back on their credit cards already, but with this you’re earning even more free money when you redeem for gift cards.
Occasionally (like during Christmas) it’s also not uncommon to see Discover double rewards on certain types of spending – i.e. online purchases, etc. So that would mean if you normally would be getting a 1% cash back bonus on those purchases, instead you would be getting 2%.
Which the best card for the Discover double cash back bonus program? Hands down it’s the Discover More for 2013.