Discover and PayPal™ Collaboration Gives Cardmembers New Way to Redeem Rewards
- Payments , Financial
- 26.11.2019 05:45 am
Discover cardmembers can now use their Cashback Bonus® or Miles to pay for purchases at millions of online stores through PayPal, giving cardmembers another convenient and flexible way to reward themselves.
“We want to make it as easy as possible for our cardmembers to redeem their rewards, especially by partnering with merchants where our Discover cardmembers love to shop,” said Shannon Kors, vice president of card rewards and benefits at Discover. “Our customers loved seeing PayPal added to this year’s categories in the 5% Cashback program. Now they can spend the rewards they earned with PayPal and have more choices when they pay.”
All eligible1 Discover cardmembers can easily pay with their Cashback Bonus or Miles using PayPal when they shop online and in apps2. Once cardmembers link their Discover card with PayPal, they can instantly redeem any amount of their rewards on eligible purchases at checkout.
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.3
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.