Cashback is a common reward for credit card holders, and banks use this reward system to reel in more customers. There is one major credit card that doubles down on this gimmick, and it's the Discover it Cash Back Credit Card.
From the name itself, you already know what its main features are but there is more to it than meets the eye. Discover will even match all the cash back you have earned for the first year.
Learn more about Discover it Cash Back Credit Card, the benefits, and how to apply in this article.
- Get Unlimited Cash Back
- Check Out the APR for Discover it Cash Back Credit Card
- Protecting Your Card from Fraud
- Are You Eligible for the Discover it Cash Back Credit Card?
Get Unlimited Cash Back
One of the best things about using the Discover it Cash Back Credit Card is the unlimited cashback feature that rewards cardholders for their everyday purchases with the card.
Whether it is for groceries, medicine, or even in select streaming services, you'll receive 5% cash back every time you use the card. You can earn cash back on up to $1,500 combined in purchases in different establishments.
You can also earn 1% cash back on all other purchases. The cash back rewards never expire so you can continue to collect as much as possible.
Learn More About Cashback Match
While earning unlimited cash back is already a great feature in itself, the Discover it Cash Back Credit Card takes it to another level with another feature called Cashback Match.
Cashback Match allows cardholders to earn double cash back on all purchases in the first year of opening their account. At the end of that year, Discover will automatically match all the cash back earned throughout the entire year.
This means that you can potentially earn up to 2% more cash back on all purchases depending on the categories you have chosen.
Check Out the APR for Discover it Cash Back Credit Card
Among the perks and benefits you get from using the Discover it Cash Back Credit Card is its 0% Intro APR that lasts up to 15 months.
This means that you'll pay zero interest on any purchases and balance transfers for the year and several months after opening your account.
After that, the variable APR is 13.99% to 24.99% depending on your creditworthiness.
Take this time to make sure that you have the best credit score so you'll have a very good interest rate for the next few years with your credit card.
More Fees and Other Charges
One of the things that many people are wary about having a credit card are the tons of fees that they incur while using it. The good thing is, the Discover it Cash Back Credit Card doesn't have a lot of fees.
You don't need to pay any annual fee but you will need to pay a balance transfer fee of 3% and a foreign transaction fee of 1%. You'll also have a 5% cash advance fee with a minimum of $10 and an over-the-limit fee of $39 in case you go overboard with your spending.
Another fee that you can always avoid is the late payment fee which will cost you another $39 so be sure to pay on time.
Protecting Your Card from Fraud
Fraud protection is always important when it comes to credit cards and the Discover it Cash Back Credit Card has got you protected all the way.
Cardholders are not responsible for any unauthorized purchase made with their card. This policy protects against fraudulent activities such as identity theft and unauthorized online purchases.
You also receive an offer called Fraud Alert service that sends you a notification whenever there is suspicious activity on your account.
You also have a Purchase Protection plan that helps cover the costs of damaged or stolen items.
Card Designs that Fit Your Style
If you want to own a Discover it Cash Back Credit Card, there are 25 card designs to choose from, letting you fit your credit card with your style.
The designs range from classic to modern and feature a wide variety of colors and patterns as well as textures. Some designs have geometric shapes, floral motifs, neutral shades, and colorful ones like pastels and neon colors.
Whether you're looking for a card that reflects your professional image or a card that lets you express your fun and adventurous side, the Direct it Cash Back Credit Card has the design for you.
Are You Eligible for the Discover it Cash Back Credit Card?
You need to know first if you are qualified for the Discover it Cash Back Credit Card before you can apply. This will help your chances of getting your application approved if you know these qualifications.
First, you need to be a resident and a citizen of the United States and must be over 18 years of age. You also must have a steady stream of income and to prove that you will need to submit your pay slips for the past several months.
You will also need to provide other government documentation and make sure that you have a very good credit standing. This will affect the way you'll get your interest rates later on as well as your entire application process.
Most of the time, the bank will not approve your application if you have filed for bankruptcy a few months before.
Check Out How to Apply
Once you know you are eligible, go ahead and proceed with the application by heading over to the official website. You will need to fill up an online application form and make sure to provide all the necessary information.
Review all the information as well as the terms and conditions before submitting your application. You will also get to choose the card design during the application process.
After submitting, you will need to wait for a couple of business days before they provide you with a decision.
Conclusion
The Discover it Cash Back Credit Card is a good credit card for those who are looking for great rewards and cash back. If you have further inquiries, you can always contact their customer service line at (800) 347-2683 or visit their main office at 2500 Lake Cook Rd, Riverwoods, IL 60015.
Note: There are risks involved when applying for and using credit. Consult the bank’s terms and conditions page for more information.
Spanish version: Tarjeta de crédito Discover it: Aprende cómo solicitarla, beneficios y más
