Now is the best time to apply for a Discover It card to earn $50 bonus and the extra double cashback your first year! However, Discover just recently updated their terms and will no longer double your sign up bonus, but will only get double cash back for your purchases.
One of the most competitive industry in the world, credit card companies are constantly trying to one up each other by offering better rates and features. The Discover it® – Double Cash Back your first year is the newly revamped cash back credit card by Discover Financial that offers 15 months 0% APR on purchases and balance transfers, 5% Cashback Bonus in rotational categories.
Other features will be included, but I will review those four main features above. Discover It card aims to be the most consumer-friendly card on the market with absolutely no annual fee. Click “Apply” to see rates, rewards, and free FICO® Credit Score terms and other information.
15 Months 0% APR on Purchases
Imagine having this card to use for 15 months without paying any interest on all your purchases. This is a good deal for those thinking purchasing a big ticket item and having 15 months to pay it off interest-free. Keep in mind you still need to pay the minimum amount on your monthly statement.
15 Months 0% APR on Balance Transfers
You will also get 0% introductory APR on all balance transfers for 15 months. Those with high-interest balances on other credit cards, I recommend to take advantage of the intro 0% balance transfer promotion. Even though you pay zero interest on your transferred balance for 15 months, there is a balance transfer fee of 3%.
5% Cash Back Rewards Categories
Another attractive benefit is the 5% cash back in select categories such as gas, travel, restaurants, etc, which change throughout the year. You’ll get 5% cash back on up to $1,500 in purchases for each quarter. Anything over the set amount will automatically earn 1%. However, you must sign up either online or through the phone. Here are the Cashback quarterly categories for this 2022 calendar year.
5%-20% ShopDiscover Cash Back
Discover is the undisputed winner of online shopping portals for all major issuers. With the Discover It Card, you have access to ShopDiscover with over 200 online retailers and earn 5% to 20% cash back. They have the highest cash back from major retailers such as Sears, Walmart, Target, Groupon, and many more.
(Visit Discover to learn more details about this card)
|Chase Sapphire Preferred® Card 60K Points after $4,000 spend within 3 months.||Citi Premier® Card 60K Points after $4,000 spend within 3 months
|The Platinum Card® from American Express 80K Points after $6,000 spend within 6 months||Capital One Venture Rewards Credit Card 75K Points after $4,000 spend within 3 months|
|American Express® Gold Card 60K Points after $4,000 spend within 6 months||Citi CustomSM Cash Card $200 Bonus after $750 spend within 3 months|
|Chase Freedom FlexSM $200 Bonus after $500 spend within 3 months||Chase Freedom Unlimited® Card earn an additional 1.5% cash back on everything you buy (on up to $20K spent in the first year) - worth up to $300 cash back!|
|Blue Cash Preferred® Card from American Express $250 Welcome Offer after $3,000 spend within 6 months||Blue Cash Everyday® Card from American Express $200 Welcome Offer after you spend $2,000 in purchases on your new Card within the first 6 months.|
|Ink Business Preferred® Card 100K Points after $15,000 spend within first 3 months||Ink Business Unlimited® Credit Card $900 Bonus after $6,000 spend within 3 months|
|U.S. Bank Altitude® Go Visa Signature® Card $200 Bonus after $1,000 spend within 90 days||Capital One Quicksilver Cash Rewards Card $200 Bonus after $500 spend within 3 months|
Discover It Card Features
- 0% intro APR on purchases & balance transfers for 15 months-then a variable purchase APR applies.
- Exclusive offer: Double all the cash back you’ve earned at the end of your 1st year-automatically.*
- 5% cash back in categories that change each quarter like gas, restaurants and more-up to the quarterly maximum when you sign up.* 1% cash back on all other purchases.
- New Freeze It(SM) on/off switch lets you prevent new purchases, cash advances & balance transfers on misplaced cards in seconds by mobile app & online.*
- Free FICO® Credit Score on statements, online & by mobile app.* And 100% U.S.-based service any time.
- No annual fee. No overlimit fee. No foreign transaction fee. No late fee on first late payment & paying late won’t raise your APR.*
- Each Discover purchase is monitored. If it’s unusual, you’re alerted by e-mail, phone or text and never responsible for unauthorized purchases on your Discover card.
- *See rates, rewards, free FICO® Credit Score terms & other info by clicking “Apply.”
Discover it® – Double Cash Back your first year is rolling out all these features and benefits that consumers actually want in a credit card. They are hoping for Discover It cardholders to be long term users. They are responding to our needs with popular features such as no late fee for the first late payment, no interest rate increased due to a late payment, 15 months of balance transfers and purchases, 1% cash back for all purchases, and 5% cash back for rotating categories.
No longer will you experienced the frustration of calling a customer service hotline that you can barely understand with their 100 percent US-based support staff. With no annual fee and a generous cash back rewards program, I personally give the Discover It Card a 5 Stars rating and highly recommend for all my readers to sign up. Find all the best Discover Bank Bonuses!
Editorial Note: The editorial content on this page is not provided by any bank, credit card issuer, airline, or hotel chain, and has not been reviewed, approved, or otherwise endorsed by any of these entities. Opinions expressed here are the author’s alone, not those of the bank, credit card issuer, airline, or hotel chain, and have not been reviewed, approved, or otherwise endorsed by any of these entities.
k zav says
where is the referral link?
I have two Discover IT credit card and highly recommend it. No annual fee, and you get the 5% quarterly cashback. This quarter for example, the 5% category is wholesales club and Amazon. Costco does not accept Discover. However, Costco.com does. So, I went to costco.com to purchase costco giftcards using my Discover card, and receive 5% cashback on the everyday essentials. Plus, you get double the amount of cashback in your first year of using the card, making it essentially 10% cashback return!!!
After a long time I am writing a review for any credit card. I am writing it because Discover Card deserves it. This is an update of my previous review. I forgot to tell you guys about the 5% cash back on fuel. I applied for this card after 2 months of getting my SSN and with only 648 TU Credit Score. Other credit scores were almost same. But I was surprised when they approved me for a CL of $2200. Now my CL is $7500. I also got $50 referral bonus and $20 good grade bonus. It seems like they are just giving money to everyone who are applying in summer time.
I used your link today. Thanks
Steve P. says
Thanks. I was just approved. Looking forward to the first year Cash Match on 5% categories!
William Stewart says
It is glad that Discover It is providing the benefit of not scaling up APR while being failure to pay in timely manner! However, be aware-so that it could not lead to get into your habit.
Been using this card for a while and the Discover portal is great. 5% off gas right now and 5% off department stores for the holidays. That’s 5% on top off the Discover portal cashback% (usually 5-10% for department stores). 10-15% cashback!
Was approved with a Transunion score of just over 700 (anything around 650 or higher should work or just call after applying). Card isn’t hard to qualify for and there is $50 referral bonus when an existing card member sends you a link. Message me for a referral: hibbie hotmail.com