Discover Financial Services announced a collaboration to let cardmembers use their Cashback Bonus or rewards miles to pay for purchases at millions of online stores through PayPal.
The program will allow Discover it, Discover it Miles, Discover it Chrome and Discover More card members to redeem miles through the PayPal Pay with Rewards program.
“We want to make it easy as possible for our card members to redeem their rewards, especially by partnering with merchants where our Discover card members love to shop,” Shannon Kors, vice president of card rewards and benefits at Discover, said in a company release. “Our card members 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.”
Discover will also provide a new rewards opportunity starting in July 2020, where Discover it and Discover More card members will be able to earn 5% cashback on up to $1,500 in purchases when they shop at PayPal and restaurants.
The rewards deals are part of an ongoing collaboration between Discover and PayPal that allows Discover card members to link their accounts to the PayPal wallet from the Discover website or mobile app. Card members need to link their Discover and PayPal accounts or they can enroll by creating a PayPal account through their Discover account.