Earn More Cash Back with the Discover it® Cash Back

By Christina Majaski. Last updated 2 July 2018. 0 comments

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There’s no shortage of cards offering cash back and other rewards for a variety of types of purchases, but with Discover it® Cash Back, not only can you earn as much as 5% cash back on rotating categories each quarter, but as a new cardholder, Discover will match all the cash back you earn after your first year – automatically. If you’re looking for a rewards credit card that can get you the most cash back for your purchases, this could be the card for you.

How This Card Works

This card awards 5% cash back in rotating categories, like gas, restaurants, wholesale clubs, and Amazon.com, up to the quarterly maximum each time you activate, and 1% unlimited cash back automatically on all other purchases. You must sign up for the bonus quarters, and when you have reached the $1,500 purchase limit in the 5% cash back rotating categories, earn unlimited 1% cash back on all other purchases — automatically. There is no annual fee for this card.

Intro offer. For new cardholders only, Discover will match ALL the cash back earned at the end of your first year, automatically.  (See also: Credit Cards with the Best Cash Back Sign-Up Bonuses)

You can redeem your cash back in any amount as a credit to your account or electronic deposit into your bank account. You can also redeem for gift cards or eCertificates, starting at $20. There are no limits to the cash back you can earn in the 1% category, and your rewards do not expire.

Other Benefits

FICO® Credit Score for Free You can access your FICO® score free either online or on your statements, to keep track of and manage your credit rating.

Freeze it®. Discover’s Freeze it® feature allows you to freeze or unfreeze your account within seconds. This feature is helpful if you lose or misplace your card and need to prevent new account activity right away.

Costs

  • $0 Annual Fee
  • 13.74% - 24.74% Variable APR. (0% introductory APR for 14 months on purchases and balance transfers)
  • Balance Transfer Fee: 3% 
  • $0 Foreign Transaction Fee

See rates and fees.

Considerations

Rotating categories. In order to earn the 5% cash back in the rotating categories, you have to remember to activate the bonus categories each quarter. For some people, this can become a hassle, and you risk forgetting to sign up for the categories that award the most cash back. If you don’t activate the bonus categories, those purchases only earn 1% cash back. If you aren’t able to plan your spending or continuously keep track of rotating categories, you can earn more cash back with a credit card that awards specific purchases, like a card that offers gas rewards or grocery rewards, all year. (See also: Best Credit Cards that Offer Flat Rate Rewards for All Spending)

Who This Card Is Best For

This card is best for those whose purchases vary, rather than fall into a single category, and for those who don’t mind activating the quarterly categories in order to earn bonus cash back. It’s also ideal if you can take advantage of and save some money with the introductory APR.

Click here to learn more and apply for the Discover it® Cash Back today!

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