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Discover it Credit Card: Why You Need This Card Now

March 8, 2019
Credit Cards, Rewards Credit Cards
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If you love rewards credit cards but are disillusioned by the traditional 1% rewards rate, the Discover it® Cash Back may be for you. It offers 5% rewards on quarterly bonus categories that you activate, very few fees and a 0% introductory APR period.

Discover it® Cash Back: Enjoy high rewards and online discounts

The Discover it® Cash Back boasts 5% cash back rewards on rotating quarterly categories, and 1% back on everything else. Plus, it offers a bonus for new cardholders: Discover will match ALL the cash back you've earned at the end of your first year, automatically. There's no signing up. And no limit to how much is matched.

Here are the current bonus categories, but keep in mind, the 5% is only applicable on the first $1,500 in category spending per quarter:

Discover bonus rewards categories for 2019
Q1 (Jan. 1 – March 31)Grocery stores
Q2 (April 1 – June 30)Gas stations, Uber and Lyft
Q3 (July 1 – Sept. 30)Restaurants
Q4 (Oct. 1 – Dec. 31)Amazon.com

Rewards are redeemable for direct deposit, statement credit or gift cards. You can also use your rewards to pay for Amazon purchases through the Shop With Points program.

Choose your own adventure: Two versions to pick from

There are multiple versions of the Discover it® Cash Back, but we’re going to focus on the two most popular versions. The Discover it® Cash Back offers an introductory rate of 0% on Purchases and Balance Transfers for 14 months, and then the ongoing APR of 14.24% - 25.24% Variable APR. The Discover it® Balance Transfer offers an introductory rate of 0% on Purchases for 6 months and 0% on Balance Transfers for 18 months, and then the ongoing APR of 14.24% - 25.24% Variable APR. If you’re primarily using the card for balance transfers and need more time to pay it off, you’ll want to choose the second card.

Need more reasons to get the Discover it® Cash Back? Check out the extra perks.

The Discover it® Cash Back boasts no foreign transaction fees, no over-the-limit fees and no penalty rates. Cardmembers will have the fee waived on their first late payment. You’ll also get free access to your FICO score on your monthly statement, online and in the mobile app.

The takeaway: If you spend in line with the 5% bonus categories and frequently shop online, you’ll love the Discover it® Cash Back. Its high rewards rate, lack of most fees, free FICO score and long introductory APR make it a great card to have in your wallet.

Online shoppers image via Shutterstock