17 Dec

Discover Stores That Do Cash Back on Credit Cards

Written By Dom Mia
December 17, 2023

Posted at 23:17h in Cashback, Home Blog 3 by Dom Mia

I’m excited to share with you some great news – there are stores in the United Kingdom that offer cash back on credit card purchases! Yes, you heard it right, you can actually earn cash back while you shop. So, if you want to save some money on your everyday expenses, keep reading to find out more about these fantastic cash back offers.

With cash back on credit cards, you can earn a percentage of your purchases as cash back rewards. It’s like getting paid to shop! Discover is one credit card issuer that offers this exciting opportunity. Let’s take a closer look at how you can benefit from their cash back programs.

Key Takeaways

Discover offers cash back on certain credit cards, allowing you to earn up to 5% cash back on specific categories of spending.
The cash back categories change every quarter and include popular outlets like grocery stores, restaurants, gas stations, and online retailers.
To receive the cash back bonus, you need to sign up for each new category, and there is a quarterly spending limit of $1,500 in the 5% cash back categories.
There are other credit card issuers and stores that also offer cash back, such as American Express, Capital One, Chase, Walmart, and Target.
When choosing a cash back credit card, consider factors like annual fees, bonus categories, redemption options, and your credit score.

How Does Cash Back Work on Discover Credit Cards?

When it comes to cash back offers, Discover credit cards provide a rewarding experience for cardholders. With the Discover it Cash Back, Discover it Student Cash Back, and NHL Discover it cards, you can earn cash back on your purchases. The cash back rewards are structured in tiers, allowing you to maximize your earnings.

Here’s how it works: you can earn 5% cash back on purchases in specific categories that change each quarter. These categories often include popular retailers like grocery stores, restaurants, gas stations, and online merchants such as Amazon.com and Target. Additionally, you’ll earn 1% cash back on all other purchases, giving you an opportunity to earn rewards on every transaction.

One of the standout features of Discover’s cash back program is the automatic match at the end of your first year. Unlike many other credit card issuers, Discover will match all the cash back you’ve earned during your first year, with no limit on how much they’ll match. This means that if you earn $200 in cash back rewards in your first year, Discover will double it to $400.

Earning and Redeeming Cash Back

“With Discover cash back credit cards, you can earn rewards on your everyday purchases and turn your spending into savings.”

Redeeming your cash back rewards is simple with Discover. You have the option to redeem them as a statement credit, which can help lower your credit card balance. Alternatively, you can choose to have the cash back deposited directly into your bank account or redeem it for gift cards. Discover’s flexible redemption options allow you to use your cash back in a way that suits your financial needs.

Discover cash back credit cards also offer an additional feature – the ability to earn cash back on purchases made through the Discover Deals online shopping portal. By shopping through Discover Deals, you can earn extra cash back on top of the rewards you already earn on your card. This is a great way to maximize your savings and get even more value from your Discover credit card.

In Summary

Discover credit cards offer cash back rewards on purchases, with a tiered earning structure.
You can earn 5% cash back on purchases in rotating quarterly categories.
All other purchases earn 1% cash back.
Discover automatically matches all cash back earned in the first year, with no limit.
Cash back can be redeemed as a statement credit, direct deposit, or for gift cards.
Discover Deals offers additional opportunities to earn cash back on online purchases.

With Discover cash back credit cards, you have the opportunity to earn rewards on your everyday spending and enjoy the financial benefits that come with it.

Benefits of Discover Cash Back Credit Cards

Discover cash back credit cards offer a range of benefits that make them a popular choice among consumers. Here are some of the key advantages of these cards:

The Unlimited Cashback Match

One of the standout features of Discover cash back credit cards is the Unlimited Cashback Match. This means that Discover will match all the cash back you earn at the end of your first year, with no limit. So if you earn £500 in cash back, Discover will double that amount to £1,000. This is an excellent way to maximize your rewards and get even more value from your spending.

No Expiration Date

Another benefit of Discover cash back credit cards is that your cashback rewards never expire. Unlike some other programs that impose time limits on redeeming your cash back, Discover allows you to accumulate your rewards and use them whenever you like. This gives you greater flexibility and control over your rewards.

Wide Acceptance and Added Security

Discover is accepted by 99% of places that take credit cards in the UK, making it a convenient option for everyday purchases. In addition, Discover offers a $0 Fraud Liability Guarantee, providing you with peace of mind and protection against unauthorized charges. They also prioritize online privacy protection and provide 100% U.S.-based customer service, ensuring that you have a reliable and secure experience.

Furthermore, Discover provides free access to your FICO credit score, helping you stay on top of your credit health and make informed financial decisions.

With these benefits and more, it’s no wonder that Discover cash back credit cards are a popular choice for those looking to earn rewards on their everyday spending.

Other Stores That Offer Cash Back on Credit Cards

While Discover is known for its cash back rewards program, there are also other credit card issuers and retailers that offer cash back on credit card purchases. These programs allow you to earn a percentage of your spending back as cash rewards, giving you an opportunity to stretch your budget even further.

stores

American Express

American Express offers several credit cards with cash back rewards. Their cash back cards vary in terms of earning rates and redemption options. Some of their popular cards include the Blue Cash Preferred, which offers up to 6% cash back at U.S. supermarkets and select streaming services, and the Blue Cash Everyday, which offers up to 3% cash back at U.S. supermarkets. Cash back can be redeemed as a statement credit, gift card, or used towards eligible purchases.

Capital One

Capital One offers a range of credit cards with cash back rewards. Their cash back cards include the Capital One Savor, which offers unlimited 4% cash back on dining and entertainment, the Capital One Quicksilver, which offers unlimited 1.5% cash back on all purchases, and the Capital One Spark Cash for Business, which offers unlimited 2% cash back on all purchases for small businesses. The cash back can be redeemed as a statement credit, check, or gift card.

Chase

Chase offers a variety of credit cards with cash back rewards. Their cash back cards include the Chase Freedom Flex, which offers 5% cash back on up to $1,500 in combined purchases in rotating categories each quarter, the Chase Freedom Unlimited, which offers unlimited 1.5% cash back on all purchases, and the Chase Sapphire Preferred, which offers 2% cash back on travel and dining purchases. Cash back can be redeemed for statement credits, gift cards, travel, or transferred to select loyalty programs.

Walmart: Walmart offers the Walmart Rewards Mastercard, which allows you to earn up to 5% cash back on Walmart purchases and 2% cash back on eligible travel and dining purchases.
Target: Target offers the Target REDcard, which provides 5% cash back on eligible Target purchases, free shipping on most Target.com orders, and an extra 30 days for returns.

These are just a few examples of credit card issuers and retailers that offer cash back on credit card purchases. It’s important to compare the earning rates, redemption options, and additional benefits of each program to find the one that best suits your needs and spending habits.

Virgin Money Back – Earn Cash Back on Credit Card Purchases

Are you looking for a credit card that rewards you for your purchases? Look no further than Virgin Money Back. With this cash back program, you can earn up to 15% cash back on purchases at selected shops. It’s an effortless way to get more out of your spending.

Virgin Money Back works by automatically allocating cash back offers to customers. You don’t have to do anything extra to start earning cash back. Simply make your purchases at participating retailers, such as Caffe Nero, H&M, Byron, Gousto, and MAC Cosmetics, and watch the cash back add up.

When it comes to redeeming your cash back, Virgin Money Back offers flexibility. You can choose to redeem it as a statement credit, reducing your balance, or use it towards other purchases. It’s a straightforward and rewarding way to make the most of your credit card spending.

How to Choose the Best Cash Back Credit Card

When it comes to cash back credit cards, there are several factors to consider in order to choose the best one for your needs. By considering these factors, you can maximize your rewards and make the most of your everyday purchases.

1. Annual Fee

One important factor to consider is whether the cash back credit card charges an annual fee. Look for cards with no annual fee to ensure that you’re not paying extra just to earn rewards. This way, you can make the most of your cash back without any additional costs.

2. Bonus Categories

Another important aspect to consider is the bonus categories offered by the credit card. Some cards offer higher cash back rates for specific types of purchases, such as groceries, gas, or dining. If you frequently spend in these categories, choosing a card with higher cash back rates can significantly increase your rewards.

3. Redemption Options

Consider the redemption options available with the cash back credit card. Look for cards that offer flexible redemption options, such as statement credits, cash deposits, or gift cards. This way, you can choose the option that best suits your preferences and financial goals.

By taking these factors into account and comparing different cash back credit cards, you can choose the one that aligns with your spending habits and financial goals. Remember to check your credit score to determine which cards you qualify for, and read the terms and conditions of each program to fully understand how to earn and redeem your cash back rewards.

Conclusion

Cash back credit cards can be a great way to earn rewards on your everyday purchases. With options like Discover, Virgin Money, and other credit card issuers, there are plenty of opportunities to earn cash back on your spending.

By choosing the right cash back credit card, you can take advantage of the various cash back deals available. Whether you prefer Discover’s tiered cash back structure or Virgin Money’s automatic cash back allocation, there’s a card out there that suits your needs.

Remember to read the terms and conditions of each cash back program to fully understand how they work. Additionally, be sure to consider your own spending habits and financial goals to find the card that aligns with your needs.

So why not make the most of your spending and turn it into savings? With cash back credit cards, you can enjoy the benefits of earning cash back on your everyday purchases. Start exploring your options and reap the rewards today!

FAQ

What is cash back on credit cards?

Cash back on credit cards is a rewards program where you earn a percentage of your spending as cash back.

How does cash back work on Discover credit cards?

Discover offers cash back on certain credit cards, such as the Discover it Cash Back, Discover it Student Cash Back, and NHL Discover it. You can earn as much as 5% cash back on certain categories, with the cash back categories changing every quarter. To receive the cashback bonus, you need to sign up for each new category, and there is a limit of $1,500 spent per quarter in the 5% cash back categories.

What are the benefits of Discover cash back credit cards?

Discover cash back credit cards offer benefits such as Unlimited Cashback Match, where your cash back is automatically matched at the end of your first year with no limit. The cashback rewards never expire, and you can redeem them as a statement credit, direct deposit to your bank account, or for gift cards. Discover is accepted by 99% of places that take credit cards in the UK, and they provide a $0 Fraud Liability Guarantee, online privacy protection, 100% U.S. based customer service, and free access to your FICO credit score.

Are there other stores that offer cash back on credit cards?

Yes, besides Discover, there are other credit card issuers and stores that offer cash back on credit card purchases. Some popular options include American Express, Capital One, Chase, Walmart, and Target. These cash back programs may have different earning rates and redemption options, so it’s important to compare different offerings to find the best fit for your needs.

What is Virgin Money Back?

Virgin Money Back is a cash back program offered by Virgin Money for their credit card customers. Customers can earn up to 15% cash back on purchases at selected shops, and the offers are automatically allocated, so no extra steps are required to earn cash back. Participating retailers include Caffe Nero, H&M, Byron, Gousto, and MAC Cosmetics. The cash back can be redeemed as a statement credit or used towards other purchases.

How can I choose the best cash back credit card?

When choosing a cash back credit card, consider factors such as no annual fees, bonus categories with higher cash back rates, redemption options, and your credit score. Compare different cash back credit cards to find the one that suits your spending habits and financial goals.

How can I turn my spending into savings with cash back credit cards?

Cash back credit cards allow you to earn rewards on your everyday purchases. By choosing the right card and maximizing your spending in bonus categories, you can make the most of these cash back deals. Whether you prefer Discover, Virgin Money, or another provider, be sure to read the terms and conditions of each program and choose the one that aligns with your financial goals.