Advertiser Disclosure

Discover it Credit Card: Why You Need This Card Now

January 5, 2015
Credit Cards, Rewards Credit Cards
At NerdWallet, we adhere to strict standards of editorial integrity to help you make decisions with confidence. Some of the products we feature are from our partners. Here’s how we make money.
We adhere to strict standards of editorial integrity. Some of the products we feature are from our partners. Here’s how we make money.

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, 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 categories for 2018
Q1 2018 (Jan. 1 – March 31)Gas stations and wholesale clubs
Q2 2018 (April 1 – June 30)Grocery stores
Q3 2018 (July 1 – Sept. 30)Restaurants
Q4 2018 (Oct. 1 – Dec. 31)Amazon.com and wholesale clubs

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.

The Discover it® Cash Back is a great credit card for online shopping fanatics. Not only does the card historically offer 5% back on online shopping during the holiday season, it also boasts the best rewards mall in the industry, Discover Deals. With Discover Deals, you’ll receive discounts of 5-20% at your favorite online retailers. You can also download the mobile app to take advantage of those discounts in-store.

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 13.74% - 24.74% 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 13.74% - 24.74% 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