Discover and PayPal Give Cardmembers New Way to Redeem Rewards

Discover cardmembers can now use their Discover it Cashback Bonus or Discover Miles to pay for purchases at millions of online stores through PayPal. All eligible Discover cardmembers can easily pay with their Cashback Bonus or Miles using PayPal when they shop online and in apps. Once cardmembers link their Discover card with PayPal, they can instantly redeem any amount of their rewards on eligible purchases at checkout. The ratio is 1 to 1, so not a really useful option as you can already redeem the Cashback bonus for statement credit at that value.

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This latest feature stems from an ongoing collaboration between Discover and PayPal to give Discover cardmembers a rich suite of benefits and experiences with PayPal. These benefits include enabling cardmembers to easily link their Discover card to their PayPal wallet from Discover’s app and website which were recognized by J.D. Power as the best in customer satisfaction among mobile credit card apps and credit card websites. Once linked, cardmembers can enjoy the convenience and security of checking out with PayPal while shopping at millions of merchants online.

Discover also will provide yet another opportunity for cardmembers to earn rewards through their partnership with PayPal in 2020. Starting July and running through August 2020,Discover it and Discover More cardmembers can earn 5% cash back on up to $1,500 in purchases when they shop at PayPal and restaurants if activated.

To pay with rewards through PayPal, cardmembers need to link their Discover card with their PayPal accounts. Cardmembers can also enroll by creating a PayPal account through their Discover account. You can read the press release here.

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