The Discover it® Cash Back credit card is designed to reward your everyday spending with cash back on purchases. With this card, you can earn generous rewards and benefit from valuable perks that enhance your overall credit card experience.
Discover it® Cash Back Credit Card is highly regarded for its cashback rewards program, which offers significant benefits to cardholders. Let’s explore the key features and advantages of this popular credit card.
Key information about the credit card
The Discover it® Cash Back Credit Card stands out with its Unlimited Cashback Match feature. During your first year as a cardholder, Discover matches all the cash back you earn, dollar for dollar, with no cap on how much can be matched. This unique benefit can substantially increase your rewards during the initial year of card ownership.
How does the annual fee work?
One of the most appealing aspects of the Discover it® Cash Back Credit Card is its no annual fee policy. This means you won’t be charged any fee for holding and using this card. The absence of an annual fee is advantageous, as it saves you money without compromising on rewards or benefits.
How is the credit limit determined?
For traditional credit cards like the Discover it® Cash Back, the credit limit is determined based on various factors, including your credit history, income, and other financial considerations. Discover evaluates these factors to assign a suitable credit limit that aligns with your creditworthiness.
Advantages of the credit card
- 5% cash back: Earn 5% cash back on rotating categories of purchases, such as groceries, dining, gas stations, and more, up to a quarterly maximum when activated. Plus, earn 1% cash back on all other purchases.
- Unlimited cashback match: Enjoy the unique benefit of having your cash back matched at the end of your first year, automatically doubling your rewards.
- No annual fee: With no annual fee, you can maximize your rewards without worrying about additional costs.
- Flexible redemption options: Redeem your cash back for statement credits, direct deposits, or even use it instantly at Amazon.com or PayPal checkout.
Standout advantage
The standout advantage of the Discover it® Cash Back Credit Card is undoubtedly the Unlimited Cashback Match. This feature sets Discover apart from other cashback cards by doubling all the cash back you earn in your first year, with no cap on matching.
Disadvantages
- Rotating categories: While the 5% cash back categories are generous, they require activation each quarter, which can be an inconvenience for some cardholders.
- Foreign transaction fees: This card may not be ideal for international travel due to foreign transaction fees that apply to purchases made outside the United States.
A standout disadvantage
One notable disadvantage of the Discover it® Cash Back card is the requirement to activate the 5% cash back categories quarterly. This extra step may be cumbersome for those who prefer a more straightforward rewards structure.
Who can apply for this card?
The application process for the Discover it® Cash Back Credit Card involves several key considerations that potential applicants should be aware of. First and foremost, applicants must meet certain eligibility criteria to qualify for this credit card. One important factor is the minimum age requirement, which generally falls within the range of 18 to 21 years old, depending on the state and issuer policies.
Furthermore, financial stability plays a crucial role in the approval process. Discover usually requires applicants to demonstrate an adequate income level commensurate with their creditworthiness. This ensures that cardholders can manage their financial obligations responsibly.
Another critical aspect is the credit score. Typically, applicants with a good to excellent credit score—generally considered to be 670 or higher—are more likely to meet the card issuer’s approval criteria. A strong credit history reflects responsible financial behavior, which is highly valued by credit card companies like Discover.
How to apply for the Discover it® Cash Back Credit Card
For the website
First, you would go to the Discover It website and browse through their offerings. Once you’re in the credit cards section, you’ll be able to find the Discover it® Cash Back Credit Card among their available options.
Look for its features and benefits, which often include cash back rewards and other perks. When you’re ready to proceed, you’ll typically find an “Apply Now” button associated with the Discover it® Cash Back Credit Card. Clicking on this button will take you to the application page.
Here, you’ll need to provide your personal information, such as your name, address, date of birth, Social Security number, and income details. The application process will likely involve questions about your employment status, annual income, and housing situation.
Once you’ve completed the application form, review the information you’ve provided to ensure its accuracy. Then, submit your application electronically. After submitting your application, you may receive an instant decision on your approval status.
Keep in mind that the specific steps and details of the application process may vary slightly depending on current procedures and requirements. For the most accurate and up-to-date information, it’s recommended to visit the Discover website directly and follow their instructions for applying for the Discover it® Cash Back Credit Card.
Through the app
Begin by downloading the Discover mobile app from your device’s app store. Once the app is installed, open it to get started. If you already have a Discover account, sign in using your existing credentials. If you’re new to Discover, you’ll need to create a new account by providing the required information, such as your name, address, date of birth, Social Security number, and other details.
Once you’re logged in, navigate to the credit card section within the app. Look for the Discover it® Cash Back Credit Card among the available options. Tap on this card to view its features, benefits, and rewards program. If you decide to proceed with the application, there should be an option within the app to start the application process.
Ensure that you provide accurate and up-to-date information during the application process. Once you’ve completed the application steps within the app, review the information you’ve provided for accuracy. Then, submit your application electronically through the app.
After submitting your application, you may receive an instant decision on your approval status. If not, Discover will typically notify you of their decision through the app or via email within a few weeks.
