The Discover it® Cash Back Credit Card is one of the best cashback credit cards available for consumers who want to maximize their rewards.
It offers a competitive 5% cashback on rotating categories (such as gas stations, grocery stores, restaurants, and online retailers) each quarter upon activation, and 1% unlimited cashback on all other purchases.
One of its standout features is the Cashback Match, which allows cardholders to double their total cashback earned in the first year.
With no annual fee and a 0% intro APR on purchases and balance transfers for 15 months, this card is a fantastic choice for those who want high rewards and cost-effective financing options.
Who Should Consider This Card?
The Discover it® Cash Back is an excellent choice for:
- Individuals who want to maximize cashback by strategically using rotating bonus categories.
- Consumers looking for a no-annual-fee credit card with high reward potential.
- People who prefer a 0% intro APR period for balance transfers or new purchases.
- Anyone who appreciates fraud protection features and access to free credit score monitoring.
However, this card may not be ideal for those who prefer flat-rate cashback on all purchases or do not want to keep track of rotating categories.
Key Benefits of the Card
- 5% cashback on rotating categories (up to the quarterly limit, upon activation).
- 1% unlimited cashback on all other purchases.
- Cashback Match: All cashback earned in the first year is automatically doubled.
- No annual fee, making it a budget-friendly option.
- 0% intro APR for 15 months on purchases and balance transfers.
- No foreign transaction fees, which is beneficial for travelers.
Additional Features and Protections
The Discover it® Cash Back offers more than just rewards. It includes valuable security and convenience features:
- Freeze It® feature: Instantly freeze your card if lost or stolen.
- Free FICO® Score access: Monitor your credit score without extra costs.
- U.S.-based customer service: Highly rated support for all inquiries.
- Zero fraud liability: You are not responsible for unauthorized charges.
- Flexible redemption options: Use cashback for statement credits, gift cards, direct deposits, or PayPal purchases.
Fees and Interest Rates
- Annual fee: $0
- APR: 0% intro APR for 15 months on purchases and balance transfers, then a variable APR applies.
- Balance transfer fee: 3% intro fee, then up to 5%.
- Late payment fee: No fee on the first late payment; up to $41 for subsequent late payments.
Is the Discover it® Cash Back Credit Card Worth It?
For those who want a high-reward credit card without an annual fee, the Discover it® Cash Back is a top-tier choice.
The Cashback Match makes the first year incredibly lucrative, effectively doubling earnings.
Additionally, the combination of high cashback rates and strong security features makes it one of the best options for everyday spending.
However, if you prefer a simple, flat-rate cashback system or travel perks like lounge access and airline credits, this may not be the right fit.
But for budget-conscious consumers who enjoy maximizing rewards, this card remains a standout option in the cashback category.
Taxas e tarifas
Late Payment: $0 first time, then up to $41.
Returned Payment: Up to $30.
● Introductory APR: 0% for 15 months;
● Standard APR: 18.24% - 27.24%;
● Balance Transfer Fee: 3% fee on balance transfers in the first 60 days; afterward, 5%;
● Cash Advance: Either $10 or 5% of the amount of each cash advance.
Análise do especialista
The Discover it® Cash Back Credit Card is an excellent choice for those seeking a high-reward cashback program without an annual fee.
With 5% cashback on rotating categories each quarter (upon activation) and 1% unlimited cashback on all other purchases, it offers significant value.
Its standout feature is the Cashback Match, effectively doubling first-year earnings.
Additionally, the 0% intro APR for 15 months enhances its appeal for balance transfers and purchases.
While rotating categories require tracking, the card remains a strong contender for maximizing rewards.