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Discover It Cash Back offers five cash back programs in quarterly categories, including supermarkets, restaurants, gas stations and online shopping.
Making it the ideal credit for consumers who want to maximize their benefits.
These categories require activation and provide up to $1,500 in cash back on quarterly spending. For all other purchases, you will receive 1 unlimited cashback.
This card stands out with a special offer for new users. All the cash back you earn in the first year will be automatically doubled by Discover, with no activation required.
What’s more, there are no annual fees, making it an affordable and lucrative option for consumers looking for ongoing rewards with no fixed costs.
Category rotation is a strong point, but may require planning to maximize its benefits. Still, Discover It Cash Back is a great option for those looking for high returns on everyday purchases.
Discover It Cash Back
5% cash No annualHow Discover It Cash Back works?
Discover It Cash Back is a quarterly offer that changes every three months, including popular options such as supermarkets, restaurants, gas stations and online shopping. We offer 5% cash back in each category.
To take advantage of this benefit, the cardholder must manually activate the category via the Discover app or website.
Earn 5% cash back on qualifying purchases up to $1,500 per quarter. After this threshold, you will start earning 1 cashback on purchases in these categories.
This card offers one-time cash back on all other purchases with no limit. All accumulated cashback can be redeemed flexibly as statement credits, gift cards or online purchases with Discover partners.
For new cardholders, this card offers a special bonus. The cashback accumulated in the first year is automatically doubled, allowing users to maximize their initial earnings.
Main benefits of Discover It Cash Back
5% cash back on categories that change quarterly is the biggest advantage of Discover It Cash Back, allowing cardholders to earn great rewards for strategic spending.
This program is especially useful for consumers who can tailor their spending to the most profitable categories.
Another great benefit is the 2x cash back offer in the first year, making it a great value card for new users. For example, if a member earns $200 cash back in the first year, Discover will double that amount, totaling $400 in benefits.
In addition, this card has no annual fee, allowing consumers to enjoy the benefits without an annual fee.
We also offer free access to your FICO score, fraud protection and award-winning customer service available 24 hours a day, 7 days a week.
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Cons of Discover It Cash Back
While the 5% benefit is attractive, it limits spending to $1,500 per quarter in rotating categories, which can be limiting for consumers who spend more in these areas. When this limit is reached, your cashback on these purchases will drop to 1%.
Another thing to consider is that category changes must be enabled manually on a quarterly basis. This can be an inconvenience for those who prefer automatic rewards programs.
There are no international transaction fees for this card, but Discover is not widely accepted outside the US, which may limit its use for frequent travelers or those who shop on foreign websites.
APR and fees
Discover It Cash Back offers a 0% introductory APR on purchases and balance transfers for 15 months. Ideal for consumers who want to finance a large purchase or consolidate debts without paying interest for the initial period.
After this period, the variable APR varies between 17.24% and 8.24% depending on the cardholder’s credit profile.
The card has no annual fee, which makes it easy to use. However, balance transfers during promotional periods will incur a 3% fee on the amount transferred, which you should take into account if you want to use this feature.
Although the absence of international transaction fees is an advantage, Discover has limited acceptance outside the United States and may limit its use worldwide.
How to apply for the Discover It Cash Back
You can request a Discover It refund online on the official Discover website. This process requires basic information such as name, address, annual income and financial history.
Once approved, a physical card will be sent to your registered address, while a digital version can be used immediately for online purchases or via digital wallets such as Apple Pay or Google Pay.
The card is managed through the Discover app, which allows you to activate the 5% quarterly category, monitor your transactions, check your accumulated cashback balance and have free access to your score.
