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!
The information related to Discover it® Cash Back has been collected by Credit Card Insider and has not been reviewed or provided by the issuer or provider of this product.
Highlights & Features
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 yearBalance 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 | See Terms for See Terms |
| Regular Balance Transfer APR | See Terms |
| Balance Transfer Fee | See Terms |
Fees
| Penalty APR | N/A |
| Late Fee | See Terms |
| Returned Payment Fee | See Terms |
| Additional Cards Annual Fee | N/A |
| Foreign Transaction Fee | None |
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 | See Terms |
| Cash Advance Fee | See Terms |
Card Benefits
PERKS
- Free Credit Score
SECURITY
- Zero Liability Protection
ABOUT THE ISSUER
Discover
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 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 |
