What do you do with your Discover Cash Back?

I just leave mine there, there was a crazy deal back in late 2011

$40 Shell gascard for $20 only...

other than that, their cashback is kinda bleh

Walmart

Quote from x_ge0rge : I just leave mine there, there was a crazy deal back in late 2011 $40 Shell gascard for $20 only... other than that, their cashback is kinda bleh

Which was not repeated in 2012. There is some risk in a reward program changing, etc and not worth keeping a ton of points.

Quote from x_ge0rge : I just leave mine there, there was a crazy deal back in late 2011 $40 Shell gascard for $20 only... other than that, their cashback is kinda bleh

fark yeah.

I've been a discover cardholder for about 14 years now and that's the only time I've seen a deal come up that was THAT good - usually you can only double your money on shitty lobstergrams and cruises.

I bought $2100 in GC's over my 3 accounts with that promo and netted about $900 (on top of the cash back) once I sold them (I did the cost/benefit, since Shell gas is usually more expensive around here anyway, it was worth it to sell the GC's to plasticjungle and take the 5% hit or whatever and buy gas elsewhere).

I'd been waiting for another deal like that to come around, hoping it would be an annual summer thing, but it hasn't been. I have about $2500 in CB sitting in our (3) accounts right now, waiting for something good to come along.

just wait it out for another good deal.
i used it on the sams club gift cards $40 + $10 free. used them at Walmart.

I've only used it once (at REI). I have a few bucks pending right now and will probably spend that at REI also.

buy stuff from amazon, I get between 30$-100$ every month.

Quote from drsketch : buy stuff from amazon, I get between 30$-100$ every month.

This. I never really let my cash back bunus built up over 100$.

Quote from tennis8363 : Which was not repeated in 2012. There is some risk in a reward program changing, etc and not worth keeping a ton of points.

if there will be a program change, they going to send out a notice then I will just cash out all my rewards then

Quote from drsketch : buy stuff from amazon, I get between 30$-100$ every month.

you must buy a lot of stuff from amazon since its only 1% CB

Quote from x_ge0rge : if there will be a program change, they going to send out a notice then I will just cash out all my rewards then you must buy a lot of stuff from amazon since its only 1% CB

Guess you failed to read the original post. This post was titled what do you do with your cash back bonus. My answer: buy stuff from amazon

I get a gift card with it. Had been getting plain Discover GCs, but recently (since we bought a house) get Lowes GCs now. $90 in CB = $100 GC at Lowes, which is nice. Better return than just a plain Discover GC.

Quote from Dr. J : I bought $2100 in GC's over my 3 accounts with that promo and netted about $900 (on top of the cash back) once I sold them (I did the cost/benefit, since Shell gas is usually more expensive around here anyway, it was worth it to sell the GC's to plasticjungle and take the 5% hit or whatever and buy gas elsewhere).

A little OT, but while Shell may be a little more expensive, but it may be better gasoline. I've found that Shell (in particular, but it probably applies to other large oil companies like Exxon, Chevron, etc) gave me upwards of 10% better mileage than the no-name convenience store gas (I track my mileage at every fill up). So, even though it was a little more expensive, it wound up being worth it.

Quote from mmathis : I get a gift card with it. Had been getting plain Discover GCs, but recently (since we bought a house) get Lowes GCs now. $90 in CB = $100 GC at Lowes, which is nice. Better return than just a plain Discover GC. A little OT, but while Shell may be a little more expensive, but it may be better gasoline. I've found that Shell (in particular, but it probably applies to other large oil companies like Exxon, Chevron, etc) gave me upwards of 10% better mileage than the no-name convenience store gas (I track my mileage at every fill up). So, even though it was a little more expensive, it wound up being worth it.

I did a small test when I first got my car with citgo, shell and mobil (and also 91 vs 87) and *zero* difference. Now, there may be long-term differences, but those are difficult to test.

Also note with the GC's - if you use GCs to pay for something you can't use ShopDiscover - which is 5% at Lowes (and HD).

Quote from silenze : just wait it out for another good deal. i used it on the sams club gift cards $40 + $10 free. used them at Walmart.

Cashed in on $400 of my bonus for $500 in sams/walmart giftcards in hopes of turning it into a mastercard prepaid card. So far none of the walmarts around here will let me purchase a prepaid card with a giftcard. So much for that idea...

Other than that, occasionally use it for Amazon and various restaurants if I know far enough in advance I'm going.