Discover Card
Travel Credit

Book any travel through any airline, travel agent or online travel site and pay with your Miles Card. Then redeem your Miles, for every 5,000 Miles get a $50 travel credit to your account towards your travel purchases.

Here's an example:
Miles Available to Redeem: 11,000 Miles
Cost for Hotel: $360
You Redeem: 10,000 Miles
You Get: $100 Travel Credit to your account