Discover it Cash Back offers high rewards rates across common spending categories such as gas and groceries. Furthermore, its 0% intro APR waives your first late payment fee!
However, you will have to manually activate the 5% categories and you may face an annual spending cap of $1500 in rewards, making it more challenging than anticipated to reach the sign-up bonus.
No annual fee
Discover it Cash Back is a credit card with no annual fee that offers 5% cash back on rotating categories each quarter, up to a spending cap of $1,500. In addition, cardholders receive 1% back for any other purchases they make using the card. Cardholders should periodically review their rewards category calendar to determine which bonus categories may be activated by checking off each box on it.
The Discover it Cash Back card may not offer the longest or highest cash back rates on the market, but it’s an ideal solution for anyone who’s looking to quickly earn rewards on multiple purchases. No annual fee and free-for-first-year rewards match make this an attractive card option for quickly beginning earning rewards quickly; furthermore it boasts generous purchase protection policies as well as outstanding customer service compared to comparable cards.
Discover it Cash Back stands out from its peers by not including foreign transaction or annual fees that could diminish your rewards, an important feature when carrying a balance.
An annual fee of zero dollars can also help you avoid paying interest, which can eat into savings and be especially detrimental if you carry significant debts. But for smaller debt loads with plans to pay them in full each month, this fee shouldn’t pose any major obstacles or create unnecessary stress – and could even prove beneficial!
No foreign transaction fees
Discover it Cash Back is one of the few credit cards without foreign transaction fees, making it ideal for frequent travelers and spenders who make international transactions in multiple currencies. In addition, its other benefits make up for its annual fee: generous rewards rates, free FICO scores online and waived late payment fee waiver. And of course there’s always the guarantee of overnight card replacement when something breaks.
Discover it Cash Back doesn’t offer the longest 0% APR offer or highest rewards rate, but its combination of benefits makes it an attractive option for certain people. These features include year-end cash back match and superior customer service that help it compete against similar cards with similar rewards rates and no annual fee.
Discover it Cash Back requires you to activate rotating categories every quarter in order to take full advantage of its 5% rewards rate, which may prove difficult given that Discover no longer announces bonus categories in advance compared to cards offering flexible activation based on spending habits. This may make the Discover card less appealing.
With this strategy in place, the Discover it card can provide even greater value by pairing it with another card offering higher rewards rates on non-bonus purchases. This way, you can use your Discover card for most purchases while using another card for everyday expenses such as transportation costs or utilities.
WalletHub ranks Discover it Cash Back as a top credit card, using 16 key metrics such as fees, rewards, two-year cost, interest rates, approval requirements and special features to rate cards. In order to create its rating system for these 16 metrics WalletHub assigns points against each metric before averaging them out and giving an overall score which then ranks against other cards on WalletHub’s list of best credit cards.
No penalty APR
Discover it Cash Back is unique among cards in that it does not charge penalty APR rates when someone misses a payment, helping ensure you won’t get bogged down in debt. Additionally, this card boasts numerous lesser-known features that set itself apart from its competition.
Discover offers a mobile app that lets you categorize spending by category, allowing you to understand your behavior and maximize rewards. Their spend analyzer allows for one, three, six, 12 or 24 months of charges analysis – it’s simple and provides an accurate picture of spending habits.
This card provides an enticing introductory offer on purchases and balance transfers, with matching cash back in its first year of usage. Furthermore, its low fees – including no annual fee – make this an attractive proposition.
Additionally, Capital One’s customer service program is unparalleled and offers the ability to freeze or cancel your card should it become lost or stolen – or request one and have it sent directly to any U.S. address during travel – thus helping protect your credit score more efficiently than with other cards.
Discover it Cash Back is an ideal card for people who wish to maximize rewards while simultaneously reducing debt. However, its drawbacks could put some off; such as rotating categories not covering all spending and an earning maximum limit each quarter. When considering whether or not the card is worthwhile it is important to keep this in mind.
No late fee
Discover it Cash Back card offers some of the lowest rates and fees of any rewards credit card available, with no annual fee, no foreign transaction fees and a $0 penalty APR on late payments. In addition, it features an innovative cash-back welcome offer which matches all rewards earned within its first year, giving it an edge over cards with more traditional sign-up bonuses.
Though not ideal for everyone, the card requires you to activate quarterly bonus categories and track spending in order to maximize rewards earnings. While this may be inconvenient for some users, others may welcome doing it for higher rewards rates. In addition, there is only a maximum earnings rate per quarter (up to $1,500 in combined spending, followed by 1%).
Other notable features of Discover cards include their eCertificates and gift cards for purchases starting at $20 as well as charitable donations starting from a penny. Furthermore, fraud protection and travel insurance policies are both included within their offering as are optional SSN alerts and other security features that can help enhance security features like these.
Discover Card requires good to excellent credit to apply, with a comparatively high minimum score requirement of 670. There are other restrictions attached, including activating the 5% earnings category before each quarter begins and an inability to pool rewards from premium cards to maximize value through transfer partners or travel. It works best when used alongside flat-rate spending cards such as those offered by Discover, which only offers 1-percent cash back for other purchases (compared with competing cards’ 1-percent cash back on other purchases). It’s essential that users carefully evaluate how you use this card before applying or applying.
Unlimited cash back match
Discover it Cash Back is an ideal card for people who want to maximize their rewards. Offering 5% cash back in rotating categories and 1% for all other purchases, Discover will match dollar for dollar all rewards earned in its first year – something other cards don’t provide!
To maximize rewards with this card, it’s important to stay organized and track spending carefully so you can activate rotating categories each quarter. Keeping separate cards for non-bonus spending also helps so as not to fall under the rotating category calendar’s mercy. If you can handle all these extra tasks successfully, this card could be one of the best rewards cards out there!
While this card may not offer a sign-up bonus, its other features more than make up for its lack of one. You can redeem rewards for statement credits or have it automatically deposited into checking or savings accounts or purchase gift cards with them; or even use them to donate to charity! Furthermore, this card comes equipped with no penalty APR and free FICO score capabilities.
Discover it Cash Back card has no annual fee, 0% foreign transaction fees and no penalty APR on late payments; however it does have a 3% balance transfer fee and 5% cash advance fee as well as a max late fee of $41. It may not suit those looking for low maintenance rewards experiences as you will need to track spending regularly across rotating categories to increase rewards; therefore other no annual-fee cards might be better.
