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Discover it® Cash Back


THE HIGHEST CASH BACK CARD WE'VE COME ACROSS HAS 0% INTRO APR UNTIL 2025

by:  The Ascent Staff | April 8, 2024
The Ascent is 100% free thanks to commissions we receive from our partners
including for the offers on this page, but this never influences our opinions.

Let's cut right to the chase.

Our experts have decades of experience and have reviewed hundreds of credit
cards.

The Discover it® Cash Back card (see rates and fees) is one of the very few
that’s so good, our top experts have signed up for it personally. In fact, they
named it the Best Cash Back Credit Card of 2024!


Here's why they 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 the cash back new cardholders have
   earned at the end of the first year. Even the purchases you earn 5% cash back
   on will get an unlimited match.
 * On top of that, you'll pay 0% interest until 2025 on both purchases and
   balance transfers -- that's 15 months of a 0% intro APR. The go-to rate of
   17.24% - 28.24% Variable APR applies after the intro period.
 * No annual fee
 * Click APPLY NOW to apply today



Apply Now for Discover it® Cash Back

On Discover's Secure Website.

Rates & Fees

Long 0% Intro APR


DISCOVER IT® CASH BACK

Great for: Massive cash back rewards

Apply Now for Discover it® Cash Back

On Discover's Secure Website.

Rates & Fees

Rating image, 0.25 out of 5 stars. 5.00/5 stars Circle with letter I in it. Our
ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals
Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want
your money to work harder for you. Which is why our ratings are biased toward
offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor

Rating image, 0.25 out of 5 stars. 5.00/5 stars Circle with letter I in it. Our
ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals
Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want
your money to work harder for you. Which is why our ratings are biased toward
offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor


Credit Score: Circle with letter I in it. Falling within this credit range does
not guarantee approval by the issuer. An application must be submitted to the
issuer for a potential approval decision. There are different types of credit
scores and creditors use a variety of credit scores to make lending decisions.


Recommended Credit Score required for this offer is: Good/Excellent (670-850)
Poor
Fair
Good
Excellent




300-579
580-669
670-739
740-850

Good/Excellent (670-850)

Apply Now for Discover it® Cash Back

Rates & Fees

OFFER ALERT

Discover will automatically match all the cash back you've earned at the end of
your first year!

Rewards Circle with letter I in it. Earn 5% cash back on everyday purchases at
different places you shop each quarter like grocery stores, restaurants, gas
stations, and more, up to the quarterly maximum when you activate. Plus, earn
unlimited 1% cash back on all other purchases—automatically.

1% - 5% Cashback

Welcome Offer Circle with letter I in it. N/A

Discover will match all the cash back you’ve earned at the end of your first
year.

Intro APR

Purchases: 0%, 15 months

Balance Transfers: 0%, 15 months

Regular APR

17.24% - 28.24% Variable APR
Card Details accordian_plus Created with Sketch. accordian_minus Created with
Sketch.
 * INTRO OFFER: Unlimited Cashback Match for all new cardmembers – only from
   Discover. Discover will automatically match all the cash back you’ve earned
   at the end of your first year! There’s no minimum spending or maximum
   rewards. You could turn $150 cash back into $300.
 * Earn 5% cash back on everyday purchases at different places you shop each
   quarter like grocery stores, restaurants, gas stations, and more, up to the
   quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all
   other purchases—automatically.
 * Redeem your rewards for cash at any time.
 * Discover could help you reduce exposure of your personal information online
   by helping you remove it from select people-search sites that could sell your
   data. It’s free, activate with the mobile app.
 * Get a 0% intro APR for 15 months on purchases. Then 17.24% to 28.24% Standard
   Variable Purchase APR applies, based on credit worthiness.
 * No annual fee.
 * Terms and conditions apply.



So what can this actually add up to in the real world? We calculate that
cardholders can secure $1,306 alone from the first-year bonus and premium cash
back. (See how below.) Not a bad return on investments for the 2-minute
application process!


One thing we 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.


WHY WE RATE THIS AS A TOP CASH BACK CARD

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. 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 until 2025.

0% intro APR for balance transfers -- The same length 0% intro APR for 15 months
applies for balance transfers. 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. Remember, the go-to rate of 17.24% - 28.24% Variable APR
applies after each intro period.

Earn up to 5% cash back -- Cardholders earn 5% cash back on everyday purchases
at different places each quarter like 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 our 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.


SUGGESTED CREDIT SCORE

When you apply for Discover it® Cash Back, it is recommended that you have good
to excellent credit and a FICO score of at least 670. If you’d like some tips on
increasing your credit score above 670, see this page.

There's a right way to swipe

Credit cards with rewards and 0% intro APR offers are excellent, but remember,
they are a tool to help you get the most out of your spending. The Ascent motto
to follow:

 * Pay off your card in full each month
 * Choose a card whose rewards are a good fit for you.
 * Don't spend more than you already would.

Follow this and you'll be making your money work overtime for you. Live richly,
not risky.


HOW TO SECURE $1,306 OF VALUE

You'll be hard-pressed to find a no-annual-fee cash-back card that offers as
much value as this card. That's because of the combination of the card's
lucrative 5% cash rewards program, cash back match in the first year, a long
list of secondary perks, and cutting fees. Here's how the value adds up:

 * Earn $600 in bonus categories — You can receive $600 cash back in the first
   year by maxing out 5% categories. Many cardholders won't have a problem
   maxing out the $1,500 spending cap each quarter for 5% categories you
   activate. You'll earn $300 in this case, plus $300 from Discover for your
   cash back match in the first year.
 * You can also earn $706 cash back in the first year in 1% categories — The
   average American budget* would result in earning $353.45 cash back each year
   in 1% categories, and remember that Discover will match this amount in the
   first year for a total amount of $706.

These categories alone tally up to $1,306 worth of value. Keep in mind that the
value for many cardholders could be far higher, given the card doesn't include
an annual fee, doesn't charge a foreign transaction fee, and you can avoid
interest charges for 15 months on purchases and balance transfers.


FINAL TAKE

Simply put, Discover it® Cash Back is among the best cash-back cards we'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 our opinion. These are all reasons why this card earned a spot in
our experts' wallets, and why they use it regularly.

Click To Apply for Discover it® Cash Back Now

Rates & Fees

Our Credit Cards Experts

By: The Ascent Staff

The Ascent brings financial expertise, trusted advice, and unbiased analysis to
the world of daily personal finance decisions. Our mission is to help you live
more richly.

We're firm believers in the Golden Rule, which is why editorial opinions are
ours alone and have not been previously reviewed, approved, or endorsed by
included advertisers. The Ascent does not cover all offers on the market.
Editorial content from The Ascent is separate from The Motley Fool editorial
content and is created by a different analyst team.

*Average American budget per
https://www.fool.com/the-ascent/research/average-monthly-expenses/. Includes the
following categories earning 1% cash back: utilities and household operations,
healthcare, apparel and services, education, vices, miscellaneous, personal
care, reading, food, transportation, and entertainment.

John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member
of The Motley Fool’s board of directors. Discover Financial Services is an
advertising partner of The Ascent, a Motley Fool company. JPMorgan Chase is an
advertising partner of The Ascent, a Motley Fool company. The Motley Fool has
positions in and recommends Amazon, JPMorgan Chase, and Target. The Motley Fool
recommends Discover Financial Services. The Motley Fool has a disclosure policy.

The Ascent is a Motley Fool service that rates and reviews essential products
for your everyday money matters.

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