The Discover it® Cash Back requires that applicants have a excellent/good credit score in order to be approved. That said, Discover is often considered to be more friendly to applicants who are new to credit or building credit than some other issuers. Plus, you can check online to see if you’re prequalified for any Discover credit cards — while prequalification doesn’t mean you’re guaranteed approval when you apply, it does mean you have a better chance.
There’s an excellent cashback program where cardholders earn 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, gas stations and when you pay using PayPal, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases - automatically. Note after spending $1,500 in the current 5% categories, your earning rate will drop down to 1% on all purchases until the new quarter comes around and you activate the new categories.
And there’s a unique sign-up bonus for new cardmembers: Unlimited Cashback Match – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! There’s no minimum spending or maximum rewards. You could turn $150 cash back into $300.
If you need to make a big purchase and would like time to pay it off, this card offers an intro 0% Intro APR for 15 months on purchases. After, a 13.49% - 24.49% Variable APR applies.
There’s also an intro 0% Intro APR for 15 months on balance transfers if you need to transfer high-interest debt from another card. After, a 13.49% - 24.49% Variable APR applies. There is a 3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)*.
Best of all, Discover it® Cash Back cardholders get all this for a $0 annual fee.