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As far as no annual fee cash back cards go, the Discover it® Cash Back ranks among the best. You’ll get 5% cash back in quarterly rotating categories, up to $1,500 spent per quarter (then 1%; activation required). And Discover will double that for your first year!
Spending Rewards |
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Introductory Bonus |
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A balance transfer is a way to move credit card debt from one credit card to another with the goal of saving money on interest.
Intro Balance Transfer APR | See Terms for See Terms |
Regular Balance Transfer APR | See Terms |
Balance Transfer Fee | See Terms |
Penalty APR | N/A |
Late Fee | See Terms |
Returned Payment Fee | See Terms |
Additional Cards Annual Fee | N/A |
Foreign Transaction Fee | None |
Borrowing cash on your credit card is a cash advance. Cash advances usually come with very high fees. Even worse, cash advances can signal to lenders that you’re being irresponsible with money.
Cash Advance APR | See Terms |
Cash Advance Fee | See Terms |
Discover has several card types depending on your needs.
The Discover it® Cash Back credit card is one of the main credit cards from Discover. Its most appealing features are the scarcity of fees and the abundance of rewards.
It provides 5% cash back in categories that rotate every three months, up to $1,500 in spending per quarter (activation required), and then 1% back. New cardmembers get double cash back on all the rewards earned in the first year. That’s a great deal that you won’t find from other card issuers.
The 5% cash back calendar for 2021 is:
Quarter | 5% Cash Back Categories |
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January – March | Grocery Stores, Walgreens, CVS |
April – June | Gas Stations, Wholesale Clubs, Select Streaming Services |
July – September | Restaurants, PayPal |
October – December | Amazon.com, Target.com, Walmart.com |