Discover It Card: Earn cash back rewards with no annual fee.
The Discover it Cash Back card offers a substantial amount of value to cardholders who do not mind following revolving bonus categories; but what really sets this card apart from its competitors are the consumer-friendly terms and the ultra generous sign-up bonus, which corresponds to the amount of cashback you earn at the end of the member’s first year.
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We at Formoney will give you all the most relevant information regarding this credit card and how you will be approved. Everything is done in a super simple way and 100% online.
Today, having a credit card that offers advantages, benefits, and the best, cashbacks for every purchase you make, is of great value, isn’t it? Let’s check it out?
It is good to see no annual fee for a cash refund card, as you will not have to pay an upfront fee that will reduce the value of your rewards. None of Discover’s credit cards come with an annual fee, and Discover it® Cash Back is no exception.
Over the past two years, Discover has announced its entire money-back calendar in advance, making it easier for cardholders to plan their year. By staying on top of revolving categories and shifting your spending to take advantage of the total bonus limit each quarter, we estimate that Discover it Cash Back cardholders can bring an average of 1.58% cash back.
Discover it® Cash Back: Basics
Card type: cashback.
Annual fee: $ 0.
Sign-up bonus: INTRODUCTION OFFER: Unlimited Cashback Match – Discover only. Discover will automatically match all the cashback you earned at the end of your first year! There is no minimum spend or maximum reward. You could turn $ 150 cashback into $ 300.
Rewards:
5% back on quarterly category rotation at up to $ 1,500 in purchases each quarter (requires activation).
1% back on all other purchases.
Redemption: You can redeem money back in any amount, except for gift certificates and electronic certificates, which start at $ 5. Redemption options include:
Direct deposits to any account.
Statement credits on your credit card.
Donations to selected charities.
Purchases on Amazon and via PayPal. (You can do this by linking your qualified Discover card to your Amazon or PayPal accounts, paying with that card and applying your money back at checkout).
Gift cards and electronic certificates.
Foreign transaction fees: None.
Balance transfer fee: an introductory fee of 3% and up to 5% on future balance transfers. Terms apply.
Other benefits:
Free access to the FICO score.
Access to Discover’s free Social Security number monitoring service.
How to get the most out of your card
Keep an eye on the current categories: check the 5% refund calendar to remember which category is currently active and what is to come. This will help you to always buy with the right card and get the most rewards;
Activate the next categories: Make sure you sign up for these 5% cashback categories in advance. Log in to your account and activate them manually – you will not start earning at the 5% rate until you do so;
Redemption for gift cards, statement credits or direct deposits: try to redeem your money back for gift cards when possible, they always provide at least $ 5 extra. But extract credits and direct deposits are also good;
Pay interest-free purchases and balances: Use the APR Terms to pay for expensive items or other interest-free balances. Make sure to pay the minimum payment every month or you may miss out on this introductory fee;
Earn money when you need it: The Cash at Checkout feature can be a great way to get cash from your credit card because it will count as a purchase, rather than a cash advance. Only available at some participating stores;
Monitor your credit: Use this card to monitor your FICO Score 8 based on your TransUnion credit report. You will also receive tips for specific advice on how to improve your credit.
