Discover it® Cash Back Credit Card

Rewards Rate

Welcome Bonus

The Discover it® Cash Back card offers a straightforward and highly rewarding welcome bonus with its Cashback Match™ feature. At the end of your first year, Discover matches all the cash back you’ve earned, effectively doubling your rewards. For instance, if you earn $300 in cash back, Discover will match it to give you $600. This generous bonus adds significant value without the hassle of meeting complex spending milestones in the initial months, making it an excellent choice for those who want effortless rewards.

APR

18.49-27.49% Variable APR

Pro & Cons

• Earn 5% cash back on rotating categories and 1% on all other purchases.
• 0% APR on purchases and balance transfers for the first 15 months.
• Free FICO score monitoring and robust security alerts through Discover’s app.
• Redeem rewards for cash, statement credits, or shopping with no minimum thresholds.

• You must manually activate 5% cashback categories each quarter to earn the higher rate.
• The 5% cashback is limited to $1,500 in spending per quarter.
• While excellent for cashback, the card lacks premium travel benefits like airport lounge access or travel credits.

Discover it® Cash Back Credit Card

The Discover it® Cash Back card is a standout choice for those seeking a flexible, no-annual-fee credit card that rewards everyday spending. With its rotating 5% cashback categories, unlimited 1% cashback on all other purchases, and the impressive Cashback Match™ in the first year, this card delivers significant value without the hassle of high fees. Whether you're focused on maximizing rewards, taking advantage of a 0% introductory APR, or simply enjoying hassle-free cashback redemption, the Discover it® Cash Back card is designed to fit seamlessly into your financial lifestyle.

Card Highlights

• No Foreign Transaction Fees: Shop and travel internationally without extra costs.
• Earn 10X Miles: On hotels and rental cars booked through Capital One Travel.
• Earn 5X Miles: On flights booked through Capital One Travel.
• $300 Annual Travel Credit: For bookings made through Capital One Travel.
• $120 Credit for Global Entry or TSA PreCheck®: Save on airport security programs.
• 10,000 Miles Anniversary Bonus: A loyalty reward every year.

Rewards Redemption

You can redeem miles for travel directly through Capital One Travel or apply them as a statement credit for travel purchases made within the last 90 days, providing seamless and flexible options. Additionally, miles can be transferred to over 15 travel loyalty programs, enhancing their value and usability. With no blackout dates or restrictions, you can enjoy ultimate convenience when redeeming your rewards.

Card Terms, Rates and Fees

• APR for Purchases: 18.49% - 27.49% variable.
• Annual Fee: $0.
• Transaction Fees:
• Balance Transfers: 3% at promotional APR, none at regular APR.
• Cash Advances: $10 or 5% of the amount advanced.
• Late Payment Fee: No fee for the first late payment then (up to $41)

Maximize Benefits and Avoid Fees

1. Book Through Capital One Travel: Earn the highest rewards and utilize the $300 annual travel credit.
2. Meet Spending Requirements: Spend $4,000 in the first 3 months to earn the welcome bonus.
3. Take Advantage of Travel Perks: Use airport lounges and TSA PreCheck/Global Entry credits.
4. Avoid Late Fees: Ensure on-time payments to avoid additional penalties.

Qualification Requirements

What Makes This Card Appealing?