The Discover it® Cash Back Credit Card is a top-tier credit card that offers generous cashback rewards, no annual fee, and flexible redemption options.
What sets this card apart is its unique rotating cashback categories, where cardholders can earn 5% cashback in specific categories that change every quarter, such as groceries, restaurants, and gas.
In addition to its rotating categories, the card offers 1% cashback on all other purchases, ensuring that you earn rewards on every dollar spent.
Moreover, the card comes with an introductory cashback match in the first year.
This means that at the end of your first year, Discover will match all the cashback you’ve earned, effectively doubling your rewards.
About Discover
Discover Financial Services, the issuer of the Discover it® Cash Back Credit Card, is a well-known financial services company that offers a range of products, including credit cards, personal loans, student loans, and banking services.
Discover has been a pioneer in the credit card industry and is known for its commitment to providing transparent pricing, rewards programs, and exceptional customer service.
The company is also recognized for its global acceptance and the Discover Global Network, which provides cardholders with access to millions of merchants worldwide.
Who Is This Card For?
The Discover it® Cash Back Credit Card is a great choice for:
- Cashback Enthusiasts: Those who want to earn high rewards rates on specific categories of spending will appreciate the 5% cashback on rotating categories.
- Everyday Spenders: With 1% cashback on all other purchases, this card is perfect for people who want to earn rewards on their regular spending.
- First-Time Cardholders: New credit card users who are looking to build their credit while earning cashback can benefit from this card’s no annual fee and flexible redemption options.
- Budget-Conscious Shoppers: If you’re seeking a credit card with no annual fee and no foreign transaction fees, this card is a great option for both domestic and international purchases.
Advantages of the Discover it Cash Back Credit Card
The Discover it® Cash Back Credit Card offers several key benefits:
- 5% Cashback in Rotating Categories: You can earn 5% cashback on up to $1,500 in purchases in specific rotating categories each quarter. These categories include popular spending categories such as grocery stores, restaurants, gas stations, Amazon.com, and more. This allows you to maximize your cashback on purchases that you already make.
- 1% Cashback on All Other Purchases: For all purchases outside of the rotating categories, you’ll earn 1% cashback, so you can continue to earn rewards no matter what you’re buying.
- No Annual Fee: The Discover it® Cash Back Credit Card comes with no annual fee, which makes it an affordable option for those who want to earn rewards without any extra cost.
- No Foreign Transaction Fees: When traveling abroad, the card has no foreign transaction fees, which saves you money on international purchases.
- Easy Cashback Redemption: You can redeem your cashback at any time, either as a statement credit, direct deposit to a bank account, or even as gift cards from a variety of retailers.
- Introductory 0% APR: For new cardholders, the card offers an introductory 0% APR for the first 15 months on purchases and balance transfers, which helps you save on interest charges if you need to make a large purchase or transfer a balance.
- Worldwide Acceptance: As a Discover card, it is widely accepted across the U.S. and internationally, with the Discover Global Network providing access to millions of merchants worldwide.
How to Maximize the Discover it Cash Back Credit Card
To make the most of the Discover it® Cash Back Credit Card, consider the following strategies:
- Activate Rotating Categories: Remember to activate your rotating 5% cashback categories each quarter to ensure that you’re earning the maximum rewards on your eligible purchases.
- Spend Smart: Use the card for purchases in the rotating categories like groceries, dining, and gas to earn the highest cashback rates.
- Redeem Your Cashback Regularly: Make sure to redeem your cashback for statement credits, direct deposits, or gift cards to take full advantage of the rewards you’ve earned.
- Track Your Spending: Keep an eye on your spending to stay within the $1,500 quarterly cap for the 5% cashback categories. Once you hit the cap, you’ll continue earning 1% cashback on those purchases.
- Take Advantage of the 0% APR: If you’re planning a big purchase or balance transfer, use the introductory 0% APR offer to save on interest charges.
Why Choose the Discover it® Cash Back Credit Card?
The Discover it® Cash Back Credit Card is a great choice for those who want to earn substantial cashback on everyday purchases without an annual fee.
With 5% cashback on rotating categories, no foreign transaction fees, and the cashback match in the first year, this card offers a high level of value to cardholders.
Fees and charges
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.
Expert review
The Discover it Cash Back Credit Card is a top-tier option for those seeking a no-annual-fee card with robust rewards.
It offers 5% cashback on rotating categories such as groceries, gas, and restaurants (up to a quarterly spending cap with activation) and 1% on all other purchases.
A standout feature is the Cashback Match, where Discover matches all cashback earned in the first year.
The card also includes valuable perks like no foreign transaction fees and a forgiving late payment policy.
However, its 5% categories require activation, and the rewards cap may limit higher spenders.
You will remain on this site
+Positive points
- High cashback rates: Earn 5% cashback on rotating categories like groceries, gas, and restaurants (with activation and quarterly cap).
- Cashback Match: Discover matches all cashback earned in the first year, doubling your rewards.
- No annual fee: Offers robust benefits without yearly costs.
- No foreign transaction fees: Ideal for international purchases without additional charges.
- Late payment forgiveness: No fee on your first late payment, offering flexibility.
- Negative points
- Rotating categories: 5% cashback requires activation and applies only to specific categories that change quarterly.
- Spending cap: The 5% rewards are capped at $1,500 in combined purchases per quarter.
- No premium perks: Lacks travel insurance, airport lounge access, or other luxury benefits.
