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Discover it® will even credit your account with your cash back bonus balance if your account is closed or you have not used it within 18 months.

Discover it® doesn’t limit your redemption options to a narrow number of choices you may have little interest in. The number of options to redeem your cash back rewards makes this a true cash back card.

Deposit any amount into your bank account.

Apply cash rewards toward your Discover it® balance.

Make a charitable contribution to your favorite charity.

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Select gift cards with $5 free added to each card, starting at $20.One of the major advantages of the Discover it® Cash Back is the number of redemption options to redeem your cash back rewards. However, there is no limit on how much cash back you can earn with 1% cash back paid on all other purchases. That puts a cap of $75 per quarter on this part of the cash back offer. Quarterly 5% cash back spending categories are limited to purchases not to exceed $1,500. Other cash back tiersĪpart from the quarterly categories, you can earn unlimited 1% cash back on all other purchases. *You must activate each quarter to take advantage of the 5% cash back categories. July to September: Restaurants and PayPal.April to June: Gas stations, Uber, Lyft and Wholesale Clubs.January to March: Grocery stores, Walgreens and CVS (excludes Walmart and Target).In 2020, the 5% Cash back bonus quarterly categories for up to $1,500 for purchases are:

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What’s more, though the categories change each quarter, they’re offered for products and services you’re likely to use every day, rather than unusual ones you’ll need to change your spending patterns to get the full benefit from. Introductory APR: 0% APR for 15 months on both balance transfers and purchases.ĭiscover it® Cash Back in-depth analysis Industry-leading cash back rewardsĭiscover it® Cash Back has one of the highest quarterly cash back offers at 5%.In addition, cash back rewards never expire. Applies to 1% cash back on purchases other than quarterly rotating categories. $1,500 max spend per quarter activation required. Like groceries, gas stations, ridesharing, and restaurants. 5% cash back on rotating categories: Categories change each quarter, but they include the kind of spending your likely to do on a regular basis.Rather than paying a flat amount for a certain amount of purchases within the first three months of opening the account, they instead provide a cash back match on all the cash back you earn in the first year of having the card. Introductory offer: Discover it® Cash Back has a unique introductory offer.

Best for those with good or excellent credit: If your credit isn’t in these ranges, there are other credit card offers you should investigate.

The card also offers an introductory APR of 0% APR for 15 months on both balance transfers and purchases, and none of the annoying fees that come with most other credit cards. For example, you can turn $500 in cash back into $1,000 in the first year.

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You’ll get 5% cash back on rotating quarterly categories each time you activate with a max spend of $1,500 per quarter, plus 1% cash back on all other purchases.Īnd even though the card doesn’t offer a sign-up bonus, it matches your cash back earned in the first year. The Discover it® Cash Back offers one of the most generous cash back rewards programs in the credit card industry.

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