When using a Discover Cashback debit card with Apple Pay users will still receive one percent cashback on over $3,500 in qualifying debit card transactions each month and have access to the additional perks that come along with the Discover Cash Back Debit account such as: First Fee forgiveness which automatically waive the original introductory fee if it happens every calendar year; two percent cashback rewards; and no annual fee. The only perk to this card that is not available with every Discover CashBack debit card is the first fee forgiveness, but many are including it in their monthly fees to entice new clients. Some credit cards offer an additional reward for every dollar you charge for using the card, but that is usually a cash reward and not a reward program from Discover. This card does not require a balance transfer fee or any fees on your part.
The Discover CashBack card is also very popular among frequent travelers because the rewards can offset some of your airline ticket costs so that you can still spend less on your trip, but still get the same or better benefits as other cards that offer cash back. You will receive points every time you use the card to make purchases such as at gas stations, food and beverage establishments, retail stores and on certain websites. After reaching the amount of reward points needed for the purchase you made, the card holder earns cash back which they can use towards any other purchases they make using the cash back program.
The points earned through these cashback reward programs are transferred directly from the card to your checking or savings account. As long as the purchases you make to fit into your spending budget, you do not have to worry about the points being spent in a different way. When you make your purchases and receive points you may transfer the points to other Discover cashback cards that you may own or you may redeem them for rewards through participating merchants.
These rewards will be applied to your account within one to two weeks after your purchase. The cash back rewards are usually in the form of cash and will appear on your statement or may be credited to your check in about twenty-four hours depending on how fast your statements go around. It is also possible to earn one percent cash back rewards when using your card with another Discover debit card. In some cases you will have the option to transfer points to any Discover credit card and they will transfer those points to your account if you do not already have a Discover cashback account with them.
There are several different ways to redeem the points for rewards. You may redeem your points for merchandise at retailers or redeem for travel in the form of air miles, hotel stays or tickets to amusement parks, theme parks or movie shows. It is important to read the terms of any rewards program, you may be considering for a Discover cash back debit card carefully to ensure you are getting what you want out of your card.
When you begin to use your Discover debit card, you should also understand that there are limits to the amount of points you can earn. You can earn a maximum of three hundred points per month, and while there are no annual fees associated with this card, you should keep in mind that the cash back rewards are nonrefundable and expire after one year. For frequent travelers who use their cards frequently, the rewards could be enough to cover the cost of your annual fee and any extra cash that you earn.