Discover it® Cash Back Credit Card: An In-Depth Review

The Discover it® Cash Back credit card is renowned for its unique approach to cash-back rewards, offering cardholders a chance to earn cash back in rotating categories each quarter. With a solid sign-up bonus, introductory APR offer, and additional perks, the Discover it® Cash Back stands out as a flexible and rewarding option for consumers who enjoy engaging with their credit card’s rewards program. In this comprehensive review, we’ll explore the key features, benefits, potential drawbacks, and overall value of the Discover it® Cash Back credit card to help you decide if it’s the right choice for you.

What is the Discover it® Cash Back Credit Card?

The Discover it® Cash Back credit card is a cash-back rewards card that features a rotating 5% cash-back program. Cardholders earn 5% cash back on up to $1,500 in purchases in rotating categories each quarter, when activated, and 1% cash back on all other purchases. This card is designed for those who are willing to track rotating categories and activate their cash-back offers to maximize their rewards. With no annual fee and additional benefits, the Discover it® Cash Back card appeals to a broad range of consumers looking to earn cash back on their everyday spending.

Key Features of the Discover it® Cash Back Credit Card

The Discover it® Cash Back credit card boasts several features that make it a competitive option in the cash-back rewards market:

• 5% Cash Back on Rotating Categories: Cardholders earn 5% cash back on up to $1,500 in purchases in rotating categories each quarter, when activated. Popular categories often include groceries, gas, restaurants, and Amazon.com purchases. The rotating categories change every three months, offering new opportunities to earn high rewards.
• 1% Cash Back on All Other Purchases: For purchases outside of the rotating categories, the card provides 1% cash back. This ensures that you still earn rewards on every dollar spent, even if it’s not in a bonus category.
• Dollar-for-Dollar Match of Cash Back Earned: Discover offers a unique benefit with its dollar-for-dollar match of all the cash back earned in your first year as a cardholder. This means that if you earn $200 in cash back during your first year, Discover will match that amount, giving you an additional $200 in cash back.
• No Annual Fee: The Discover it® Cash Back card has no annual fee, making it a cost-effective option for earning cash back. You can enjoy the benefits of the card without worrying about ongoing costs.
• 0% Introductory APR: The card offers a 0% introductory APR on purchases and balance transfers for the first 15 months from account opening. This feature is ideal for those looking to finance large purchases or consolidate existing credit card debt without incurring interest. After the introductory period, a variable APR applies.
• Flexible Redemption Options: Cash back earned with the Discover it® Cash Back card can be redeemed in various ways, including as a statement credit, direct deposit, gift cards, or for purchases at Amazon.com. This flexibility allows you to use your rewards in a way that best suits your needs.
• Discover Deals: The card provides access to Discover Deals, which offers additional cash-back opportunities at participating retailers. This feature helps you maximize your rewards on everyday purchases.
• Fraud Protection and Alerts: Discover provides zero liability for unauthorized charges, ensuring you won’t be responsible for fraudulent transactions made with your card. You’ll also receive real-time alerts for suspicious activity to help keep your account secure.
• Free Credit Score Monitoring: Cardholders have access to their FICO® Credit Score for free, helping you stay informed about your credit health and track your progress over time.