You can now redeem your Discover cash back for Amazon gift cards, currently at a 5% discount: $95 in cash back gets you a $100 Amazon gift card. If you can use Amazon gift cards, a 5% discount is pretty nice.
Note that Discover cash back can already be used with Amazon pay with points, but that redemption rate is 1:1, so it’s clearly not as good a deal as this 5% discount.
