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double dip credit card bonus

December 11th, 2023 at 08:03 pm

Oops.  This quarter Discover is giving 5% back in cash rewards for shopping at Amazon or Target.  I used it to buy $900 in gift cards over the December 2nd - 3rd weekend at Target.  Target was running at 10% off special once a year.  That was $45 in rewards.  I also bought $400 in Airbnb gift cards from Target that gave a $40 gift card back as well.  This also earned 5% for $20 more in rewards.

Then if you use the discover cash back rewards to buy resturant or other shopping gift cards you can add another 10-20% on top of the cash back value.  So $40 or $45 for a $50 gift card to Dave and Busters, Panera, etc.  I typically do this to stretch the cash back rewards.

I only use the discover card typically with the rotating 5% quarterly bonus rewards.  Typically it pays back nicely but it maxes out at $75 a quarter or $1500 in spending every 3 months.  If you don't have this check it out.

2 Responses to “double dip credit card bonus”

  1. mumof2 Says:

    there is nothing on here

  2. rob62521 Says:

    Good deal on using those rewards!

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