Monday, April 11, 2011

Discover Card Cash Back at Supermarkets

Get cash back when using your Discover Card. I am not talking about the Discover Card Cashback bonus that you earn for making purchases on a Discover Card. Rather, I'm talking about using the Discover Card in a supermarket, and then choosing cash back as a option during checkout. Discover card refers to this checkout option as "cash over". Here in Silicon Valley, California, I usually get my cash back from Safeway. While Discover Card limits you to $120 in "cash over" per day, Safeway only allows you get up to $60 per transaction.

This cashover works out to be a nice interest free loan since I pay off the card every month. It also saves me a trip to the ATM. It used to be that you would also earn cashback on the cash over amount. But now, Discover Card separates out the "cash over" part from the "purchases" part of your transaction, and you no longer earn a cashback bonus on the cash over amount.

Warning: I do not recommend this strategy to people who run a balance on their credit card, and end up paying interest charges on the money.

If you don't have a Discover Card yet, I suggest that you apply for one to take advantage of this deal. A few of the offers that Discover currently has are $150 Restaurant.com Gift Certificate, a 0% promotional balance transfer interest rate, and a card that offers travel reward miles.







PFS

3 comments:

  1. The brochure I received indicated "find all the participating cash at checkout retailers by visiting Discover.com/cashatcheckout.".....I am at this site but there is no list of who is participating!!! Where is this list supposed to be???

    ReplyDelete
  2. Go to www.Discover.com/cashacheckout. There is a lis of reatailers there!

    ReplyDelete
  3. Go to www.Discover.com/cashatcheckout. There is a list of retailers there!

    ReplyDelete