Discover it Cash Back Review

Get ready to unlock a world of cash back rewards that adapt to your spending throughout the year! 

The Discover it Cash Back card is a fantastic choice for savvy spenders who love to maximize their earnings. With its innovative rotating 5% cash back categories, this card keeps your rewards fresh and exciting, offering you the chance to save big on everyday purchases from gas and groceries to dining and online shopping.

Beyond its impressive rewards, the Discover it Cash Back card is renowned for its customer-friendly features and exceptional value. 

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Discover it Cash Back

Cash Back No Annual Fee

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Incredible Benefits of the Discover it Cash Back Card

The Discover it Cash Back card is packed with features designed to provide exceptional value and a user-friendly experience.

1. 5% Rotating Cash Back Categories: This is the signature feature! Earn a phenomenal 5% cash back on up to $1,500 in combined purchases in rotating categories each quarter you activate. Past categories have included grocery stores, restaurants, gas stations, and Amazon.com, making it easy to save on your everyday spending.
2. Unlimited 1% Cash Back: On all purchases outside the 5% bonus categories, you’ll automatically earn a solid 1% cash back with no limits.
3. Unlimited Cashback Match™ Welcome Bonus: Discover offers a one-of-a-kind welcome bonus. They will automatically match all the cash back you’ve earned at the end of your first year, with no spending minimums or maximums. You could turn $200 in cash back into $400!
4. No Annual Fee: Enjoy all the fantastic benefits and rewards of this card without paying an annual fee, ever.
5. Generous Introductory APR on Purchases and Balance Transfers: Get a head start on paying down large purchases or existing debt with a 0% introductory APR for 15 months on both purchases and balance transfers. After the intro period, a variable APR of 18.24% – 27.24% applies.
6. No Foreign Transaction Fees: Take your card on your international travels without worrying about extra charges on your purchases.
7. Free FICO® Credit Score: Keep track of your credit health with free access to your FICO® score through your online account or mobile app.

Who Can Apply

To increase your chances of being approved for the Discover it® Cash Back card, you should generally meet the following criteria:

• Good to Excellent Credit: It is recommended that applicants have a FICO credit score of 670 or higher.
• Age: You must be at least 18 years old.
• U.S. Residency: You must be a resident of the United States with a valid U.S. address.
• Social Security Number: A valid Social Security Number is required for the application.
• Stable Income: You will need to provide information about your annual income and monthly housing payment.

How to Apply?

Applying for the Discover it Cash Back card is a simple and quick process that can be done online.

1. Visit the Discover Website: Navigate to the official Discover website’s application page for the Discover it Cash Back card.
2. Check for Pre-Approval (Recommended): Discover offers a pre-approval tool that allows you to see if you are likely to be approved for the card without impacting your credit score.
3. Complete the Application: Fill out the secure online application with your personal information, including your name, address, date of birth, Social Security Number, and financial details like your annual income and housing payment.
4. Review the Terms and Conditions: Before submitting, carefully read and agree to the card’s terms and conditions, including the rates and fees.
5. Submit Your Application: Once you have filled out all the required information, submit your application.
6. Receive a Decision: Discover often provides a decision in as little as 60 seconds. If approved, you may even be able to use your digital card before the physical card arrives in the mail.

Frequently Asked Questions

1. Do I have to activate the 5% cash back categories each quarter?
   Yes, you must activate the new 5% categories each quarter to earn the higher cash back rate. You can easily do this through your online account, the Discover mobile app, or by email link. If you forget to activate, you will still earn the standard 1% cash back on all purchases.
2. Is there a limit to how much I can earn with the 5% cash back?
   Yes, the 5% cash back rate applies to the first $1,500 in combined purchases in the bonus categories each quarter. After you reach the $1,500 spending cap, you will continue to earn unlimited 1% cash back on all purchases in those categories for the rest of the quarter.
3. How does the Cashback Match work?
   The Cashback Match is Discover’s unique welcome offer for new cardmembers. At the end of your first year (after 12 consecutive billing cycles), Discover will automatically match all the cash back you have earned throughout that year. For example, if you earned $300 in cash back, Discover will give you an additional $300, for a total of $600.
4. Are there any fees I should be aware of?
   The Discover it Cash Back card is known for its fee-friendly structure. It has no annual fee and no foreign transaction fees. Additionally, there is no late fee for your first late payment (a fee of up to $41 applies for subsequent late payments).
   

CREDIT CARD

Discover it Cash Back

Cash Back No Annual Fee

APPLY NOW You will be redirected