I’ll cut right to the chase.
I’ve reviewed hundreds of credit cards over my 15+ years in finance.
The Discover it® Cash Back card is one of the very few that’s so good, I signed up for it personally.
Here’s why I use it:
- You’ll earn up to 5% cash back on rotating activated categories you’ll actually use on up to $1,500 in purchases each quarter.
- Discover will automatically match all of the cash back you earn in your first year for new cardholders. So the purchases you earn 5% cash back on will also get an unlimited match.
- These perks combine to give the card the highest cash back potential I’ve seen
- On top of that, you”ll pay 0% interest until 2023 on both purchases and balance transfers
- No annual fee
- Click APPLY NOW to apply today
So what can this actually add up to in the real world? Well, my coworker was able to earn $1,331.78 from the cash back rewards earned in the first year plus Discover’s match (no, I’m not kidding). Not a bad return on investment for the 2 minute application process!
One thing I should note: it’s not uncommon to see credit card companies adjust the benefits on cards over time. While we don’t know if that’ll happen here, if you’re interested in the card we do recommend using this link to apply today to make sure you don’t miss out on all of this card’s perks.
0% intro APR for 15 months for purchases — on top of the high cash back rate, this card also features a very competitive 0% intro APR offer. The go-to variable rate applies after the intro period expires. This can be a smart way to finance larger purchases, or simply if you find yourself in a temporary bind and want to avoid interest into 2023.
0% intro APR for balance transfers –– The same length 0% intro APR for 15 months applies for balance transfers. The go-to variable rate applies after the intro period expires. If you have credit card debt, you can transfer it to this card to avoid interest charges for well over a year on that transferred balance. Plus, you could use the cash back you earn from the card to help pay off any previous debt.
Earn up to 5% cash back — Cardholders earn 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, gas stations, up to the quarterly maximum of $1,500 on purchases and when you activate. Category activation is easy: Discover will send you an email before each quarter, and then you simply activate with one click. All other purchases earn 1% cash back.
Unlimited Cashback Match sign-up bonus — This is my favorite perk of the card, and one that is unique and highly valuable. Discover will automatically match all the cash back you’ve earned at the end of your first year for new cardholders, which can help lead to a truly incredible amount of cash back in your pocket.
$0 annual fee — Credit cards packed with valuable features tend to charge a high annual fee, but not this card.
When you apply for Discover it® Cash Back you should have a high likelihood for approval with good to excellent credit and a FICO® Score of at least 670. Carrying a lower score can potentially earn you approval but the lower your credit score, the less likely approval is. If you’d like some tips on increasing your credit score above 670, see this page.
Simply put, Discover it® Cash Back is among the best cash-back cards I’ve come across.
Depending on what card is in your wallet today, there’s a high chance the Discover it® Cash Back card is a more lucrative upgrade — and it could especially be an upgrade over debit cards, which have far worse fraud protections than credit cards and usually no rewards.
This card is a fantastic option for those looking for truly elite cash back potential or for a lengthy intro period of 0% interest (or both!). The fact that you get all of this for no annual fee makes the card a no-brainer for many consumers, in my opinion. These are all reasons why this card earned a spot in my wallet, and why I use it regularly.