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Discover it® Cash Back

Discover it<sup>®</sup> Cash Back

Discover it® Cash Back

0% Intro APR
0% Intro APR for 14 months on purchases and Balance Transfers, then 11.99% - 22.99% Variable APR.
Rewards
5% cash back at different places each quarter up to the quarterly maximum when you activate, 1% unlimited cash back on all other purchases - automatically
Cashback Match™
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.
Edited by
Julie Sherrier
Reviewed by
Alexandria White
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

Who is the Discover it® Cash Back best for?

The Discover it® Cash Back is a standout card for consumers who want a high cashback rate in rotating quarterly categories and solid intro APR offers on purchases and balance transfers, too.

You’ll earn 5% cash back at different places each quarter up to the quarterly maximum when you activate, 1% unlimited cash back on all other purchases - automatically.

However, because the rotating categories differ from year to year, and because cardholders must activate a new category each quarter, some consumers may prefer a card with categories that don’t change and don’t require activation. We examine where the Discover it® Cash Back stands out, where it falls short, and provide an alternative Discover card worth considering.

Discover it® Cash Back overview

    • INTRO OFFER: 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.
    • 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.
    • Redeem cash back in any amount, any time. Rewards never expire.
    • Use your rewards at Amazon.com checkout.
    • No annual fee.
    • Discover is accepted nationwide by 99% of the places that take credit cards.
    • Click "APPLY NOW" to see rewards, FICO® Credit Score terms, Cashback Match™ details & other information.
  • Credit needed:
    680 850
    Excellent/Good
  • Free FICO credit score
  • No penalty APR
  • 100% U.S.-based customer service
  • Freeze your card online or in the app

Intro Purchase APR

0% Intro APR for 14 months

Regular Purchase APR

11.99% - 22.99% Variable APR

Intro BT APR

0% Intro APR for 14 months

Regular BT APR

11.99% - 22.99% Variable APR

Annual Fee

$0

Cash Advance Fee

Either $10 or 5% of the amount of each cash advance, whichever is greater.

Foreign Transaction Fee

None

Balance Transfer Fee

3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)*

Pros and cons of the Discover it® Cash Back

Pros

  • High cashback rate
  • Cashback match the first year
  • Intro APR offers
  • $0 annual fee
  • Foreign transaction fee: none

Cons

  • Categories change from year to year
  • Rotating categories require activation
  • There’s a cap on the higher cashback rate
  • There are cards with longer intro APR offers

What we like about the Discover it® Cash Back

  • High cashback rate

    Earn 5% cash back at different places each quarter up to the quarterly maximum when you activate, 1% unlimited cash back on all other purchases - automatically. Your cash back can be redeemed in any increment, at any time — even if you close your account.

  • Cashback match the first year

    The Discover it® Cash Back offers 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.

  • Intro APR offers

    The Discover it® Cash Back offers an intro rate on purchases of 0% Intro APR for 14 months, after which a 11.99% - 22.99% Variable APR applies. There’s also an intro rate on balance transfers of 0% Intro APR for 14 months, after which a 11.99% - 22.99% Variable APR applies — making this card a solid choice if you need to pay down high-interest debt from another card. Note that there’s a 3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)*.

  • $0 annual fee

    Not only does the Discover it® Cash Back earn a generous cashback rate, but you don’t have to pay anything to carry the card.

  • Foreign transaction fee: None

    You don’t have to worry about being charged an extra fee on each transaction if you use this card outside the United States. However, be aware that in some countries, Discover is less widely accepted than Visa and Mastercard credit cards.

What to watch out for with the Discover it® Cash Back

  • Categories change from year to year

    Though the Discover it® Cash Back offers a generous cashback rate, its slate of cashback categories changes from year to year. There are categories that tend to reappear, such as gas stations and restaurants, but some consumers may prefer a credit card with set rewards categories — or one that earns flat-rate cash back on every purchase regardless of category.

  • Rotating categories require activation

    If you don’t activate the new cashback category every quarter, you’ll earn just 1% cash back on all purchases.

  • There's a cap on the higher cashback rate

    After you’ve spent $1,500 in the bonus cashback category for the quarter, your earning rate will drop to 1% on all purchases until the next quarter. That means if you hit the spending cap, you can earn $75 in cash back each quarter at the higher rate, then your earning rate will drop.

  • There are cards with longer intro APR offers

    Though this card’s intro APR offers for purchases and balances transfers are solid, it’s possible to find intro periods that are much longer. For example, the Wells Fargo Platinum card offers an intro rate of 0% intro APR for 18 months from account opening on purchases, after which a 16.49%-24.49% (variable) APR applies. And for balance transfers, it offers an intro rate of 0% intro APR for 18 months on qualifying balance transfers, after which a 16.49%-24.49% (variable) APR applies.

How to do a balance transfer with the Discover it® Cash Back

A balance transfer with the Discover it® Cash Back cannot exceed your available credit limit. That includes the amount you transfer, plus the balance transfer fee. This card has a 3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)*.

For example, if you have a $8,000 credit limit, you can’t transfer a balance that is $10,000. You also won’t be able to transfer a balance of $8,000, because the balance transfer fee will put you over the limit.

To complete your balance transfer online, from your account dashboard select the “Credit Options” tab, and select “See Offer” under “Balance Transfers”’ to view your intro offer. Once you select your offer, fill in your transfer information and verify and submit your information. Transfers typically take 14 days to process, so continue to make payments to your other creditors to avoid late fees until the transfer is complete.

Alternate Discover card to the Discover it® Cash Back

Compare it to the Discover it® chrome

Disclosures |
Discover it® chrome
Discover it® chrome
on Discover's secure site
0% Intro APR for 14 months
11.99% - 22.99% Variable APR
$0
2% cash back at Gas Stations and Restaurants on up to $1,000
  • INTRO OFFER: 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. Just a dollar-for-dollar match.
  • Earn cash back on your next road trip with 2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter. Plus, earn unlimited 1% cash back on all other purchases – automatically.
  • Redeem your cash back for any amount, any time. Cash rewards never expire.
  • 100% U.S. Based Customer Service available any time.
  • Get your free Credit Scorecard with your FICO® Credit Score, number of recent inquiries and more.
  • Get an alert if we find your Social Security number on any of thousands of Dark Web sites.* Activate for free.
  • No annual fee.
  • Discover is accepted nationwide by 99% of the places that take credit cards.
  • Click "APPLY NOW" to see rewards, FICO® Credit Score terms, Cashback Match™ details & other information.
670 850

How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.


For those who don’t want to deal with rotating cashback categories, a better choice than the Discover it® Cash Back might be the Discover it® chrome. 2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter, 1% unlimited cash back on all other purchases - automatically

Like the Discover it® Cash Back, the Discover it® chrome offers a unique sign-up bonus to 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. Just a dollar-for-dollar match.

Compare the Discover it® Cash Back to similar cards

Comparison of four different credit cards
Discover it<sup>®</sup> Cash Back Discover it<sup>®</sup> chrome Chase Freedom Flex℠ Capital One Quicksilver Cash Rewards Credit Card
Discover it® Cash Back Discover it® chrome Chase Freedom Flex℠ Capital One Quicksilver Cash Rewards Credit Card
Apply Now
on Discover's secure site
Apply Now
on Discover's secure site
Apply Now
on Chase's secure site
Apply Now
on Capital One's secure site
Annual Fee
$0 $0 $0 $0
Welcome Offer
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. 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. Just a dollar-for-dollar match. Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening. And earn 5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year. One-time $200 cash bonus after you spend $500 on purchases within 3 months from account opening
Rewards Rate
5% cash back at different places each quarter up to the quarterly maximum when you activate, 1% unlimited cash back on all other purchases - automatically 2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter, 1% unlimited cash back on all other purchases - automatically Earn 5% cash back on eligible purchases in rotating categories, 5% on travel purchased through Chase Ultimate Rewards®, 3% on dining and drugstores, and 1% on all other purchases. 1.5% Cash Back on every purchase, every day
Intro Purchase APR
0% Intro APR for 14 months 0% Intro APR for 14 months 0% Intro APR on Purchases for 15 months 0% intro on purchases for 15 months
Regular APR
11.99% - 22.99% Variable APR 11.99% - 22.99% Variable APR 14.99% - 24.74% Variable 14.99% - 24.99% (Variable)
Intro Balance Transfer Rate
0% Intro APR for 14 months 0% Intro APR for 14 months 0% Intro APR on Balance Transfers for 15 months 0% intro on balance transfers for 15 months
Regular Balance Transfer Rate
11.99% - 22.99% Variable APR 11.99% - 22.99% Variable 14.99% - 24.74% Variable 14.99% - 24.99% (Variable)
Balance Transfer Fee
3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)* 3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)* Either $5 or 3% of the amount of each transfer, whichever is greater in the first 60 days. Then, either $5 or 5% of the amount of each transfer, whichever is greater. 3%
Recommended Credit
Excellent/Good Excellent/Good Excellent/Good Excellent/Good
Card Details
Discover it® Cash Back Discover it® chrome Chase Freedom Flex℠ Capital One Quicksilver Cash Rewards Credit Card

Is the Discover it® Cash Back right for you?

If you don’t mind dealing with rotating bonus categories, the Discover it® Cash Back offers the opportunity to earn a generous amount of cash back.  And if you need time to pay off a big purchase or a balance transferred from another card, the Discover it® Cash Back works for that too. However, there are cards with longer intro APR periods, so make sure to do the math on how long you’ll need to pay off your purchase or balance transfer.

Apply Now
on Discover's secure site