Discover It Cash Back Credit Card Review

Are you looking for a cash back card that offers rewards on everyday purchases? If so, the Discover it Cash Back may be the perfect fit. With this card, you can earn solid rewards on select categories each quarter up to a maximum of $1,500 in spending when activated.

Plus, get unlimited 1% cash back on all other purchases – automatically. Additionally, Discover will match all the cash back earned at the end of your first year as a cardholder and there are no annual fees.

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Read on to learn more about this valuable offer!

QUICK FACTS

Introducing Discover’s exclusive offer – Unlimited Cashback Match! With this special offer, Discover will double all the cash back you’ve earned at the end of your first year. There’s no limit to how much you can earn – whether it’s $150 or more, discover will automatically match it. Don’t miss out on this incredible opportunity to get twice as much cash back!
Receive 5% cash back on common expenses every quarter such as Amazon.com, groceries, eateries, and gas stations, up to the quarterly limit when you activate. Additionally, get unlimited 1% cash back on all other purchases – automatically.
Uncover the power of Discover to erase your personal data from chosen people-search websites. Get started with our free mobile app now!
For every dollar you take home in cash back, you can redeem it for a dollar.
0% introductory Annual Percentage Rate (APR) on purchases for 15 months. After that, the Standard Variable Purchase APR will be applied, ranging from 15.74%-26.74%, depending on your creditworthiness.
Balance transfer fee: A 3% intro balance transfer fee and up to 5% on future balance transfers.
No yearly charge.
Required Excellent/Good Credit score.

Now we know little but about the Discover it® Cashback card, let’s explore how it in detail.

What are the benefits of having a Discover it® Cash Back credit card?

You may be interested in the Discover it® Cash Back card due to its numerous benefits. This card offers you the chance to get cash back on your purchases, as well as other rewards such as bonuses and discounts. With this card, you can enjoy a range of perks that can help you save money and make your life easier.

The impressive incentives and advantages of the Discover it® Cash Back make it one of the most advantageous cards for everyday cash-back rewards.

1. Earn 5% back on your purchases in rotating bonus categories that change regularly.

It is difficult to find a credit card that offers more than 5% cash back in bonus categories, such as gas stations, grocery stores, restaurants, Amazon.com and more, without an annual fee. The Discover it® Cash Back provides this incentive without having to pay any yearly charges.

If you use this card to its full potential and take advantage of the 5% bonus cash back rewards offered quarterly, by spending up to $1,500 in those categories quarterly maximum when you activate it and, you can earn an impressive $300 in bonus cash back plus 1% on all other purchases. This generous ongoing rewards system makes this card a great choice for many shoppers.

The Discover it® Cash Back presents an amazing incentive for new cardholders in the first year: Unlimited Cashback Match – a benefit exclusive to Discover. At the end of your introductory year, Discover will double all the cash back you’ve earned! There’s no required expenditure or limit on rewards. You could transform $150 cash back into $300. There is no minimum spending or maximum rewards.

If you manage to collect $500 worth of rewards with your Discover card, they will automatically match all the cash it with an additional $500 in cash back after the first year of being a cardholder. This is a great offer for those who are planning on making considerable purchases during that period, and could be incredibly beneficial.

3. Take advantage of the introductory period with 0% APR!

This card features an amazing introductory deal: 0% APR for 15 months on both purchases and balance transfers, followed by a long-term APR of 15.74%-26.74% Variable APR. The initial charge is 3% of the amount transferred, however it can potentially be up to 5% for succeeding transfers (read details). It’s just as good as what other balance transfer cards offer.

If you’re looking to buy something expensive and pay it off in installments, this is a great benefit. However, if you plan to use the card for balance transfers, it’s best not to make additional purchases with it and focus on paying down your debt instead. This means that you won’t be able to take advantage of the generous sign-up bonus offer.

4. No Annual Fees

When you pay an annual fee for a credit card, it’s hard to justify the purchase if you don’t end up utilizing all its features throughout the year. Fortunately, the Discover it® Cash Back card doesn’t require a yearly fee or any other type of additional charges. This makes the card a great option for those who only intend to make occasional purchases with it.

Other Benefits if Discover Credit Cards

Here are other Benefits of Discover Credit Cards that can help you to make smart purchasing decisions:

5. Monthly Credit Score

With the Discover Credit Card, you can access your FICO credit score on your monthly statement or through the Discover app or website. Having access to your credit score can help you stay informed of your credit so you can make informed decisions about how you use your money.

Knowing where you stand with your credit also gives you an opportunity to take steps towards improving it and building a strong financial future. Having access to what affects your credit score is incredibly helpful and is one of the many reasons why having the Discover Credit Card could benefit you.

6. Dark Web Monitoring

Discover is offering some unique features that make them stand out from the competition. One of their most popular benefits is the free monthly credit score they provide. This allows you to keep an eye on your credit and track any changes that occur over time.

Moreover, Discover also offers Dark Web monitoring, which monitors the shady parts of the internet for any activity related to your personal data and sends free alerts if anything suspicious pops up.

Having a card with this kind of security can give you peace of mind that your sensitive information is safe from malicious hackers.

7. $0 Fraud Liability

One of the most attractive features of this type of card is its $0 Fraud Liability. This means that if someone were to make unauthorized purchases on your card, you would not be held responsible.

Having a credit card with this feature can give you peace of mind knowing that your money and financial security are protected from any potential fraud attempts. With this clear advantage, it’s no wonder why so many people choose cards with a $0 Fraud Liability policy.

8. Discover Customer service

Discover is known for its excellent customer service. In past surveys, it has consistently been ranked as one of the best credit cards. It offers a variety of customer service options, including 24/7 phone support, free overnight shipping on card replacements, and free FICO credit score access on every month’s statement.

Social Security is a government program that offers retirement, disability, and survivors benefits to American citizens. The program has been in place since 1935 and is currently funded by payroll taxes.

Discover offers a service that helps protect your social security number by scanning the internet for any websites that may have your number. If your number is found, Discover will help notify you so that you can take appropriate measures.

In order to stay on top of your credit score, it may be necessary to subscribe to a third-party credit monitoring service. Discover offers this service for free, so you won’t have to break the bank in order to maintain high levels of monitoring.

You might be wondering why it would be beneficial to have a different credit card.

There are various advantages to having an alternative card, such as the potential for better rewards, lower interest rates, and more flexible spending options. Below are the some of reason why you should carry an alternative credit card in your wallet:

1. Complicated Rewards Systems

The Discover it® Cash Back card has a complex system of bonus categories that need to be activated every three months. If you’re looking for something simpler, the Citi® Double Cash Card could be a better fit.

This card grants an outstanding 2% cash back on everyday purchases you make — 1% when you buy and another 1% when you settle your bill. With it, you can get generous rewards for your daily shopping without having to worry about special categories. Plus, the annual fee is $0.

2.Reward the category where you have spent the most money.

Discover it® Cash Back may not give you the flexibility to decide which categories get 5% cash back. However, there are other cards that offer similar rewards with more control. The Citi Custom Cash℠ Card allows you to earn 5% back on up to $500 of your spending each billing cycle in one eligible category from a list of options.

3. Relatively Few Benefit compared to other Credit card

When choosing a card, it’s important to consider the benefits that the card offers and which cards might be a better fit for you. For example, other cards may offer additional features such as rental car insurance coverage or travel insurance.

Additionally, you may want to carry another credit card for certain purchases where you need specific features, such as rental car insurance or travel insurance.

4.Spending caps on bonus rewards

There are a few things to consider when considering a Discover Cashback Credit card. For one, the 5% bonus rate is limited to $1,500 per quarter in spending. Additionally, the card has no annual fee and no foreign transaction fees. However, there are some drawbacks. For example, the spending caps on the bonus rewards can be a limiting factor.

Alternative of Discover It Cash Back Credit card

If you’re not interest in Discover It Cash Back Credit card, there are a few alternative cards you may want to consider. For the sake of comparison, we have chosen two other cards with similar feature .

1. Chase Freedom Flex Credit Card

The Chase Freedom Flex Credit Card is an excellent selection for those who wish to earn cash back. It offers up to 5% cash back on purchases of up to $1,500 in rotating categories each quarter (activation required), 5% on travel booked through Chase Ultimate Rewards®, 3% on dining and drugstores, and 1% cash back on everyday purchases. Plus, there’s no annual fee with the Freedom Flex.

The Chase Freedom Flex presents an attractive bonus: earn a $200 reward after spending $500 on items within the first three months of opening your account.

When linked to a Chase card such as the Chase Sapphire Preferred® Card or Chase Sapphire Reserve®, points earned through the Freedom Flex become even more advantageous. Points can be transferred to partners like Hyatt and United, redeemed with an extra value via Chase Ultimate Rewards for travel expenses, or cashed out through the Pay Yourself Back program.

The Freedom Flex presents 0% introductory Annual Percentage Rate (APR) for 15 months from the time of opening an account on purchases and balance transfers, followed by a variable APR ranging between 18.74% – 27.49%. During the first 60 days, a fee of either $5 or 3% of the amount of each transfer, whichever is greater, applies; thereafter, a fee of either $5 or 5% of the amount of each transfer, whichever is greater is charged.

The Freedom Flex provides a stronger set of benefits for cardholders. It includes purchase protection, extended warranty coverage, trip cancellation/interruption insurance, cell phone safeguard and a secondary auto rental collision damage waiver.

2.Citi® Double Cash Card

Citi-Double-Cash-Credit-Card — Citi Double Cash Credit Card

The Citi® Double Cash Card is an ideal choice for those who prefer straightforward rewards. This card grants 2% cash back on all purchases – 1% when you buy and another 1% when you settle the bill, without any annual cost.

This card provides an introductory 0% APR on balance transfers for 18 months. Afterwards, the variable APR will be determined by creditworthiness and range from 17.74% to 27.74%.

Additionally, during the first four months of opening the account, there will be either a $5 or 3% (whichever is greater) balance transfer fee applied to each transfer made. After that, it will be 5% (with a minimum of $5) for every transfer. This card surpasses the Discover it® Cash Back in terms of cash-back rewards due to its lack of restrictions on earnings.

3. Blue Cash Preferred Card from American Express

The Blue Cash Preferred® Card from American Express has a $0 introductory annual fee for the first year, followed by a $95 annual fee (Terms apply. See rates & fees.). Despite this cost, many find the rewards structure to be worthwhile.

Cardholders will receive 6% cashback on U.S. grocery store buys up to $6,000 annually (followed by 1%), 6% cashback on select U.S. streaming subscription services, 3% cashback at U.S. gas stations and public transportation (encompassing cabs/rideshare, parking, tolls, trains, buses and more) and 1% cashback on all other qualified acquisitions. Rewards are dispensed as Reward Dollars that can be reclaimed as a declaration credit.

The Blue Cash Preferred® Card from American Express provides an attractive welcome bonus: receive a $250 statement credit after spending $3,000 in purchases within the first 6 months.

Additionally, you can take advantage of 0% introductory APR on purchases and balance transfers requested within the initial 60 days of account opening, followed by a variable APR ranging from 17.74% – 28.74%. A balance transfer fee of either $5 or 3%, whichever is greater, applies.

4.Discover it® chrome

DISCOVER IT® STUDENT CHROME — DISCOVER ITCHROME

The Discover it Cash Back vs. Discover it chrome debate centers around which card offers the most consistent rewards. The Discover it chrome card offers 2 percent cash back at gas stations and restaurants, but that rate is limited to $1,000 in combined purchases per quarter across those categories. All other purchases earn 1 percent.

The Discover it chrome card offers less rewards potential than the Discover it Cash Back card. The budget from the first year versus ongoing value table shows that the Discover it Cash Back card would earn more per year.

Keep in mind that this significant rewards difference also affects your first-year cash back match bonus, meaning the Discover it chrome card’s welcome offer is worth less.

What is the Best Credit card that can be paired with Discover it Cash Back Credit Card?

When it comes to credit cards, you want to make sure that you have a card that offers great rewards rates in all categories of spending. A good general-purpose card will offer great rates across the board, while a travel-specific card may have better rates on specific types of purchases like airfare or hotel rooms.

If you want to spend more money than you’re allowed each quarter and rotate through different categories, a top-tier rewards card like the Wells Fargo Active Cash® Card would be a good option. The Chase Freedom Unlimited® is another great choice because it offers a flat rate of 1.5 percent cash back on all purchases – which can be helpful for covering staples outside of Discover’s regular cashback calendar.

Additionally, it has an unlimited number of categories that can earn 5 percent back in total (through March 2025), including things like Lyft rides (through March 2025) and travel booked through Chase Ultimate Rewards.

The Chase Sapphire Preferred® Card offers a variety of ways to earn rewards, including points that can be redeemed for travel. The annual fee is worth it for the 5X Chase Ultimate Rewards points on travel through Chase’s online portal and on Lyft purchases (Lyft offer through March 2025), plus 3X points on dining (including eligible delivery services), select streaming services and online grocery purchases (excluding Walmart, Target and wholesale clubs).

Other spending will earn 2X points while all other spending gets 1X point. You can then redeem these points toward travel through Chase Ultimate Rewards for an additional 25 percent value boost.

What are the categories on Discover cash back for Jan–Mar 2023.

Discover has announced the categories that will be eligible for its 5% cash back bonus during the first three months of the year. These include grocery stores, drug stores, and streaming services. This bonus offers a total of 5% worth of cash back, which can be earned on up to $1,500 in purchases during this period. However, this bonus is not available for purchases at Walmart or Target.You need login and activate the following incentives to avail this bonus.

What are the the Discover it Cash Back charges?

This card has no annual fee, and there are no balance transfer fees or cash advance fees. You also won’t have to pay any penalty fees the first time you pay late. Plus, you’ll earn 1% cash back on all your purchases, which is really great!

How to Redeem Rewards With the Discover it Cash Back

Redeeming rewards with the Discover it Cash Back card is easy. To start, log into your online account or use the mobile app to view your available rewards. You can then select from a variety of redemption options including..

Direct deposits into any account,
Statement credits,
Donations to select charities.
Gift cards and eCertificates.
Purchasing via PayPal.
Buying from Amazon.

Once you have chosen your desired redemption option, simply follow the instructions provided to complete the process and enjoy your rewards! You can also redeem rewards at merchant locations that accept Discover directly from your credit card. Just present your card to the cashier and ask them to apply the rewards towards your purchase. It’s that simple! With so many ways to redeem rewards, you’ll be sure to find something that suits your needs.

Conclusion

Discover It Cash Back Credit card Review - June 2023

The Discover it® Cashback card is a great choice for shoppers who want to earn rewards on their everyday purchases. With this card, you can get 5% cash back on bonus categories, 1% cash back on all other purchases, and double cash back in year one with the Unlimited Cashback Match offer. Additionally, the 0% APR for the first 15 months makes it an attractive option for those with high balances. However, if you're looking for something simpler, such as a card that provides a straightforward rewards system and more flexible spending options, then the Citi® Double Cash Card and the Blue Cash Preferred® Card from American Express might be better alternatives. Ultimately, it's important to make sure you have a good understanding of the features, benefits and limitations of each card before you decide which one is right for your individual needs.

Editor's Rating:
4.5

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FAQ

u003cstrongu003eIs Discover it Cash Back hard to get?u003c/strongu003e

Getting the Discover it Cash Back card is relatively easy and straightforward. First, you must be at least 18 years old and have a valid Social Security number or individual taxpayer identification number. You will also need to have a good credit score, as Discover typically requires applicants to have a FICO Score of 690 or higher.u003cbru003eu003cbru003eOnce you have the necessary requirements, you can apply online and enter your personal information. After submitting your application, Discover will review it and provide an answer within 30 days.u003cbru003eu003cbru003eIf approved, you’ll receive your new card in the mail within 7-10 business days with terms and conditions included. With all these steps in place, getting the Discover it Cash Back card should be an easy process for those who qualify!u003cbru003e

u003cstrongu003eHow do I get 5% Cash Back on my Discover card?u003c/strongu003e

Getting 5% Cash Back on your Discover card is easy! Simply activate the 5% Cashback Bonus using the Discover mobile app, your online account or by calling 1-800-DISCOVER. Plus, you’ll still earn unlimited 1% cash back on all other purchases outside of the 5% program. It’s a great way to save money – so what are you waiting for? Get started today and start earning Cashback with Discover!

u003cstrongu003eWhat is the limit on a Discover it Cash Back card?u003c/strongu003e

If you’re looking for a great cash back card, you may have come across the Discover it Cash Back card. While there is no limit to how much total cash back you can earn with this card, the rewards are still capped at 5% each quarter up to $1,500 in spending on certain categories. u003cbru003eu003cbru003eAfter that, you’ll still receive 1% cashback rewards on all purchases so you won’t miss out on any extra rewards. It’s a great way to get something back for your everyday purchases and there’s no limit to how much you can save!

u003cstrongu003eDoes Discover increase your credit limit automatically?u003c/strongu003e

When it comes to credit limits, Discover does not automatically increase them. Instead, Discover will periodically review your account and determine if you’re eligible for an increase. u003cbru003eu003cbru003eThis review is based on how responsibly you manage your account; if you make payments on time, keep your balance low, and use the card regularly, then chances are that you’ll be approved for a higher limit.u003cbru003eu003cbru003eIt’s important to note that even if you meet all these criteria, there is no guarantee that your credit limit will be increased—Discover reserves the right to deny any requests for an increase. u003cbru003eu003cbru003eIf your request is denied, don’t worry—you can continue to use the card as usual and still benefit from its rewards program. It’s also likely that Discover may reconsider a request for an increase in the future once more information becomes available about your spending habits and payment history.u003cbru003eu003cbru003eu003cbru003e

About Author

Dhiraj Jha

As a personal finance and credit cards expert, I provide valuable insights and advice on budgeting, saving, investing, and debt management. I am also an expert on credit card rewards programs and help readers make informed decisions about which cards are right for them. My goal is to help people improve their financial literacy and make better financial choices.

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