When you redeem Discover cashback you can get better value if you redeem for partner gift cards. In the past, I have always redeemed for Bed Bath and Beyond gift cards. $20 in Discover rewards could buy a $25 gift card.
The "problem" is that lately I have been earning Discover money at a far greater pace (see Best Buy and Staples for the details) and I can't possibly use that much Bed Bath and Beyond money. I felt bad about it, but I started redeeming the money for straight cash.
Recently, Frequent Miler reminded me that Discover money can be redeemed at the same rate for Staples gift cards. $20 for a $25 gift card.
My brain started churning. I'm already using Staples Gift Cards to buy Visa Gift Cards. Now I can recycle the rewards I'm earning to buy Staples gift cards for 20% off using Discover and buy new Visa Gift Card for 20% off! I have found my new Discover money redemption partner!
With the link above, you will also get a $150 sign up bonus for spending $750 in the first 3 months.