Discover enhances rewards program

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Here’s something to note as you get ready to start your holiday shopping: Discover is enhancing its credit card rewards program.

Cardholders can now redeem their cashback bonus for statement credits, charitable donations and electronic deposits into bank accounts without reaching any type of minimum threshold.

More good news: The rewards won’t expire when the cardholder decides to close their account or Discover does so due to inactivity.

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Instead, the issuer will credit the remaining cashback bonus balance to the account beforehand.

Discover says it made the changes based off of customer feedback.

“Our cardmembers told us they wanted more flexibility in how and when they can redeem their rewards. We listened and we acted,” Heather Roche, vice president of rewards at Discover, said in an email.

Discover cardholders generally earn one percent cash back on all purchases or five percent cash back on select purchases in rotating quarterly categories. This quarter, for instance, the issuer is offering five percent cash back on online shopping and at select department stores.

Cardholders can also redeem cash back at select online retailers; for gift cards or instant e-certificates from Discover’s retail partners, starting at $20 (often at a cash-back bonus); or for a Discover gift card (also starting at $20) until April 1, 2015.

How do you redeem your rewards? Let us know in the comments below.

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