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Discover It Cash Back Credit Card

flavia rozinholli
June 15, 2024

If you are looking for a credit card that offers great rewards, the Discover It Cash Back might be the perfect choice. This card is famous for its comprehensive and easy-to-manage rewards program.

Additionally, the card has no annual fee, which is already a major attraction. Imagine being able to accumulate rewards without worrying about additional costs at the end of the year. Isn’t that a good deal?

So, if you want to know more about how this card can simplify your financial life and fill your wallet with advantages, keep reading and discover everything about the Discover It Cash Back!

About the Issuer

The Discover Bank, issuer of the Discover It Cash Back card, is a well-known financial institution in the United States. Founded in 1985, Discover is recognized for its innovation and customer focus.

From the beginning, the company has stood out in the credit card market, always offering products with attractive benefits and fair conditions. Besides credit cards, Discover Bank offers banking services, loans, and savings products.

Discover is also one of the few major card issuers that is both a payment network and an issuer, meaning it manages both the issuance and the processing of its card transactions.

Benefits

Generous Cash Back: The card offers 5% cash back in rotating categories each quarter, such as supermarkets, gas stations, and restaurants, up to the limit of $1,500 in purchases per quarter, when activated. Additionally, you earn 1% cash back on all other purchases, without limit.

Cashback Match: In the first year, Discover automatically matches all the cash back you earn. This means that if you accumulate $200 in rewards, they turn it into $400 at the end of the year, with no additional enrollment needed.

No Annual Fee: One of the biggest attractions of the Discover It Cash Back is that it has no annual fee. This allows you to enjoy all the benefits and rewards without incurring additional costs.

0% Introductory APR: The card offers 0% introductory APR (interest rate) on purchases and balance transfers for the first 15 months. After this period, the rate varies between 18.24% and 28.24% APR.

Redemption Flexibility: You can redeem your rewards in various ways: as a statement credit, bank account deposit, Amazon and PayPal purchases, or even charitable donations. This flexibility allows you to use your rewards in the way that best suits you.

No Foreign Transaction Fees: For those who travel a lot, the Discover It Cash Back does not charge foreign transaction fees. This can save you a good amount on international travel.

Fraud Protection: Discover offers 24/7 fraud monitoring and sends alerts in case of suspicious activities. Additionally, you are not responsible for unauthorized charges, ensuring greater security for your transactions.

Discover It Cash Back – Fees and commissions

The Discover It Cash Back card is known for its low fees. It does not charge an annual fee, which is a major attraction. APR rates range from 18.24% to 28.24%, depending on your credit score.

For balance transfers, there is an introductory fee of 3%, which can increase to up to 5% on future transfers. Additionally, the card does not charge foreign transaction fees, making it a good option for travelers.

The cash advance fee is $10 or 5% of the amount advanced, whichever is greater. For more information on the fees associated with the Discover It Cash Back services, check the terms and conditions when applying.

Card limit

The credit limit of the Discover It Cash Back card can vary widely depending on the cardholder’s credit history. For new applicants, the initial credit limit may start lower but can significantly increase over time with responsible card use.

Cardholders with a good credit history can expect much higher limits, providing greater financial flexibility during the card’s tenure, which carries the Mastercard logo and global acceptance.

Some tips and guidelines for obtaining a higher credit limit on this card include maintaining a good relationship with Discover and always paying your bills on time. This proactive approach helps build trust and reliability with the issuer, potentially leading to increased credit limits over time.

Positive points

NO ANNUAL FEE
There is no annual fee, meaning you can maximize your rewards without additional costs.
PROTECTION PROGRAMS
The card offers free Social Security number monitoring and assistance in removing personal information from people-search sites.
CASH BACK
Easily accumulate cashback.

Negative points

ROTATING CATEGORIES
The 5% cashback categories change quarterly and require activation, which can be inconvenient for some users.
REWARDS LIMIT
The 5% cashback is limited to $1,500 in purchases per quarter.
LOW REWARDS OUTSIDE CATEGORIES
Purchases outside the rotating categories earn only 1% cashback.

How to apply for Discover It Cash Back

Visit the Discover website;
Go to the Discover It Cash Back card page;
Click on “Apply Now”;
Fill out the form with your personal information;
Review the terms and conditions;
Submit your application.

You will be redirected to the card website

How to contact Discover

For more information about the Discover It Cash Back card, contact the bank:

Phone: 1-800-347-2683
Branch: Visit the nearest Discover branch

The Discover It Cash Back card is an excellent choice for consumers looking to maximize their cash rewards with a no-annual-fee credit card. Apply now and start earning cashback to spend as you wish!