(EXPIRED) Get $20 Nike Gift Cards For $15 With Discover Cashback Bonus

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A great use of your Discover Cashback Bonus can be redeeming it for gift cards as they always come with a bonus of $5+. For a limited time, there’s a potentially better deal than usual as Discover’s offering $20 Nike gift cards for only $15 when redeeming your cashback bonus.

Discover Nike Gift Card

The Deal

  • Redeem Discover Cashback Bonus for $20 Nike gift cards and only pay $15 per card.

Key Terms

  • Gift cards are delivered by mail 7–10 business days after order completion, but please allow up to 4 weeks.
  • They can be used for both online and in-store purchases.

Quick Thoughts

You’ve always been able to use your Discover Cashback Bonus for Nike gift cards, but those are normally $25 cards for $20. This deal therefore increases the bonus from 25% to 33%.

The downside to this deal is that they’re physical gift cards rather than the digital gift cards that are normally on offer. That means you’ll have to wait more than a week for the cards and possibly up to four weeks. If you’re planning on reselling the cards, that also means you’ll have to scratch off the PIN and manually type the card number and PIN, rather than simply being able to copy and paste those details like you can with digital gift cards.

The good thing is that reselling the Nike gift cards can make redeeming your Discover Cashback Bonus a profitable venture. For example, ABC Gift Cards is currently paying $16 for $20 Nike gift cards. 80% isn’t a great rate, but it still means you make $1 per card.

Rather than redeeming that for cash, you can exchange each $16 for other gift cards with a bonus. Amazon’s one such option and would net you $16.80. That means you can indirectly buy Amazon gift cards with a 12% bonus when redeeming your Discover Cashback Bonus.

ABC Gift Cards bonus redemptions

That could be a great option if you shop frequently on Amazon and don’t have any gift card reselling relationships. If you are a bulk seller, check to see if your buyer accepts $20 Nike gift cards as some may only accept cards with a balance of $25+.

There’s no expiry date for this offer, but it’s unlikely to last long as it’s listed as ‘Nike – Special’.

h/t Doctor of Credit

Last updated on August 18th, 2018

About Stephen Pepper

Stephen Pepper is on a 5 year, 50 state road trip with his wife Shae and their dog Truffles. Finding opportunities to earn miles and points is one of the ways they can afford to do this, so he'll try to help you do the same for your own travels.

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[…] on from last week’s discounted Nike gift cards (which is still going strong), Discover has launched an additional promotion on discounted gift […]