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Discover it® Cash Back

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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! There’s also a solid 0% introductory APR for purchases and balance transfers.

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(Rates & Fees)

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Our rating
Min. credit level: Good
Annual Fee: $0
Regular APR: 13.49% - 24.49% Variable
Intro Balance Transfer APR: 0% for 14 months
Intro Purchase APR: 0% for 14 months

Discover it® Cash Back

Our rating
Good Min. credit level
$0 Annual Fee
Apply Now Read our Review

Highlights & Features

(Rates & Fees)

Rewards

  • 5% cash back in rotating categories, up to $1,500 in spending per quarter (activation required):
    • January – March: Grocery Stores, Walgreens, CVS
    • April – June: Gas Stations, Uber, Lyft, Wholesale Clubs
    • July – September: Restaurants, PayPal
    • October – December: Amazon.com, Target.com, Walmart.com
  • 1% cash back on all other purchases

INTRODUCTORY BONUS

Cashback Match: Get double cash back for the first year, provided at the end of the first year

Balance Transfers

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 0% for 14 months
Regular Balance Transfer APR 13.49% - 24.49% Variable
Balance Transfer Fee 3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)*
How to Transfer a Balance on a Credit Card

Fees

Penalty APR N/A
Late Fee $0 the first time; up to $40 after that
Returned Payment Fee Up to $40
Additional Cards Annual Fee N/A
Foreign Transaction Fee None
Learn About Types of Credit Card Fees

Cash Advances

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 26.49% Variable
Cash Advance Fee See Terms
How to Get a Cash Advance with a Credit Card

Card Benefits

PERKS
  • Free Credit Score
SECURITY
  • Zero Liability Protection
Discover it® Cash Back

Highlights

(Rates & Fees)
  • INTRO OFFER: Discover will match ALL the cash back you’ve earned at the end of your first year, automatically. There’s no signing up. And no limit to how much is matched.
  • Earn 5% cash back on everyday purchases at different places each quarter like grocery stores, restaurants, gas stations, select rideshares and online shopping, up to the quarterly maximum when you activate.
  • Plus, earn unlimited 1% cash back on all other purchases – automatically.
  • Redeem cash back any amount, any time. Rewards never expire.
  • Use your rewards at Amazon.com checkout.
  • Get an alert if we find your Social Security number on any of thousands of Dark Web sites.* Activate for free.
  • No annual fee.
  • Click “APPLY NOW” to see rates, rewards, FICO® Credit Score terms, Cashback Match™ details & other information.
ABOUT THE ISSUER

Discover

Discover has several card types depending on your needs.

Manage your Account & Pay your Bill

You can usually pay your bill online on your

Credit card issuer's website

Speak to Customer Service

1-800-347-3085 or

Try a different phone number
See all Issuer Cards

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 2020 is:

Quarter 5% Cash Back Category
January – March Grocery Stores, Walgreens, CVS
April – June Gas Stations, Uber, Lyft, Wholesale Clubs
July – September Restaurants, PayPal
October – December Amazon.com, Target.com, Walmart.com

The Discover it® Cash Back has an introductory 0% APR for 14 months for purchases and balance transfers, quite a long period for paying off expenses at no interest, followed by a regular rate of 13.49% - 24.49% Variable.

Insider tip

Discover now offers a free FICO score credit monitoring service to anyone, even if you’re not a cardholder.