Our top picks of timely offers from our partners

More details
$200 cash rewards bonus offer and unlimited 2% cash rewards on purchases
Blue Cash Preferred® Card
Learn More
Terms Apply
$150 offer and, in the first 6 months, 20% back at Amazon.com, up to $200 back
Chase Freedom Unlimited®
Learn More
Terms Apply
$200 bonus offer, no annual fee, and earn cash back for every purchase
The Platinum Card® from American Express
Learn More
Terms Apply
Earn 100K points plus, access to valuable travel benefits
BlockFi Rewards Visa® Signature Card
Learn More
Terms Apply
Earn 3.5% back in Bitcoin your first 3 months, up to $100 in Bitcoin
Select’s editorial team independently created this content. We may receive a commission from affiliate partner links. Click here to read more about Select. Click here to read our full advertiser disclosure.
Latest

Discover adds new, permanent redemption options for its popular travel credit card

Discover has announced that Discover it® Miles cardholders can now redeem miles as a statement credit toward restaurant and gas station purchases.

Share
Getty Images
Select’s editorial team works independently to review financial products and write articles we think our readers will find useful. We may receive a commission when you click on links for products from our affiliate partners.

If your travel credit card isn't getting much use lately, odds are likely your card issuer took notice. Many issuers are adjusting their rewards programs to provide more benefits to consumers who aren't traveling due to the coronavirus.

Discover is the latest issuer to alter its travel card and announced today that Discover it® Miles cardholders can now permanently redeem miles as a statement credit toward restaurant and gas station purchases. Customers continue to earn unlimited 1.5X miles for every dollar spent on all purchases.

"The pandemic has transformed the way customers travel and we are making changes to our travel credit card to reflect that," Meera Sridharan, VP of rewards and product strategy at Discover, said in the press release.

"The Discover it® Miles card has expanded redemption categories to be more relevant to customers who are rethinking ways to travel while continuing to provide a simple way to earn rewards on every purchase."

Previously, statement credit redemptions were limited to travel purchases. Now, the newly expanded travel credit can be applied to all eligible restaurant and gas station transactions posted on or after June 9, 2020.

In addition to redeeming miles for a statement credit, cardholders can still redeem miles for cash back into a linked bank account or to offset purchases at Amazon.com or PayPal checkouts.

Discover's change is similar to how Capital One expanded redemption options for Venture and Spark Miles cardholders through September 30, 2020 to include alternative statement credit options, such as food delivery, takeout and streaming services.

Don't miss:

For rates and fees of the Discover it® Miles, click here.

Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.