Discover offers solid rewards in Discover it Cash Back: earn 5% cash back on everyday purchases at different locations each quarter, up to a quarterly maximum of $1,500 in spend when activated. Plus, earn unlimited 1% cash back on all other purchases - automatically.
| Positive Points | Negative Points |
|---|---|
| It will automatically match all the cashback you earned at the end of the first year | Bonus categories must be activated quarterly |
| No minimum cashback | Low basic reward rate of 1% on everything else |
| No annual fee |
Discover will also match all the cash back you earn at the end of your first year as a cardholder, which can be more valuable than a more traditional welcome bonus, depending on how much you spend, it does not charge annual fees.
This card offers a competitive introductory APR period: 0% introductory APR for 15 months on qualifying purchases and balance transfers. Then a standard 16.24% - 27.24% variable rate applies. A balance transfer fee of up to 5% of the transferred amount applies.
| Benefits | |
|---|---|
|
Refund
|
Get 5% off your daily purchases |
|
Score
|
Monthly credit score |
|
Fraud
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Cardholders will not be liable for unauthorized card purchases |
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Virtual access
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Keep up with everything virtually |
Earn rewards
Discover it Cash Back earns 5% cash back on daily purchases at different locations each quarter, up to a quarterly maximum of $1,500 in spending when activated. Plus, earn unlimited 1% cash back on all other purchases - automatically. Categories include gas stations, restaurants, Amazon.com, Target, grocery stores and more. All other purchases earn 1% cash back. Click the button below and apply for your card:
I Want My CardRedeem rewards
Cash back can be redeemed for any amount, at any time, in the form of a credit statement or electronic deposit. Cash back can also be redeemed directly on Amazon or PayPal. Cash back rewards never expire.
Reward Potential
In place of a traditional welcome bonus, Discover offers a cash back match - meaning that they double the rewards received during the first year. That means that at the end of the first year, that family would receive an additional $500.72 in cash back. Click the button below and apply for your card:
I Want My Card
