Discover it® Cash Back Review
0% introductory APR for purchases – Card includes introductory APR of 0% for 14 months for purchases.
0% introductory APR for balance transfers – The same 0% intro APR length for 14 months applies for balance transfers. Note that the APR promotion period is 14 months from the first transfer, not from the account opening, as is often the case with balance transfer credit cards. Cardholders must complete the transfer by a specific date to qualify, but starting the clock from the date of the first transfer increases the versatility of this card.
Earn up to 5% cash back – Cardholders earn 5% cash back on daily purchases at various locations each quarter like Amazon, grocery stores, restaurants, gas stations and when paying with PayPal, up to a quarterly maximum of $ 1,500 on purchases and when you activate. All other purchases earn 1% cash back. Maximizing bonus categories every year is worth it $ 300 cash back.
Unlimited Cashback Match sign-up bonus – Discover will automatically match any cash back rewards you’ve earned at the end of your first year. This sign-up bonus is only available for the first year and for new cardholders, but it can be particularly lucrative since the game is unlimited. Cardholders who maximize bonus categories quarterly in the first year can expect a total of $ 600 cash back ($ 300 in cash back in the bonus-bonus category, plus an additional $ 300 with the Discover match!).
$ 0 annual fee – Credit cards with cool features tend to charge high fees or APRs. Discover it® Cash Back balances this relationship well and doesn’t charge an annual fee, making it an ideal choice for cardholders with modest credit needs, who won’t see their rewards wiped out by an annual fee.
No foreign transaction fees – Foreign transaction fees can add up quickly when using credit cards for overseas purchases. Fortunately, the card has eliminated the typical 3% foreign transaction fee that many card issuers charge.