Discover Downgrades 5% Cashback Rewards

Discover Downgrades 5% Cashback Rewards

Discover recently downgraded its 5% cashback rewards. Used to be you got 5% cash back up to $1200 annually. Now, you only get 5% on the first $100 each month. Don’t charge up to $100 that month? You’ve just missed an opportunity to save $5.