Discover It Cash Back Credit Card Review: The Best Cashback Credit Card for You
Hello Friends, are you looking for a credit card that offers cashback on purchases? Then, Discover It Cash Back Credit Card is the perfect choice for you. It is one of the top cashback credit cards available in the market.
This credit card offers a lot of benefits to the users. It offers 5% cashback on rotating categories throughout the year, and it also offers 1% cashback on all other purchases. The cashback rewards do not have any expiration date, and you can redeem the rewards in any amount and anytime.
In this article, we will discuss the features, benefits, and drawbacks of Discover It Cash Back Credit Card in detail. So, let’s dive into it.
Discover It Cash Back Credit Card comes with a lot of features that make it a popular choice among the users. Some of the key features of this credit card are:
Rotating Categories with 5% Cashback
One of the best features of this credit card is the rotating categories with 5% cashback. Every quarter, Discover It Cash Back Credit Card will feature a different category where you can earn 5% cashback on up to $1,500 in purchases.
For example, from January to March, the category might be grocery stores. In this case, you can earn 5% cashback on groceries up to $1,500 spent during this period. The rotating categories change every quarter, and it includes categories like gas stations, restaurants, and Amazon.
1% Cashback on All Other Purchases
Discover It Cash Back Credit Card also offers 1% cashback on all other purchases. This means that you can earn 1% cashback on every purchase that you make using this credit card. There is no limit on how much cashback you can earn on these purchases, and the rewards do not expire.
Discover It Cash Back Credit Card introduces cashback match offer for the first year. It means that at the end of your first year of card membership, Discover It will automatically match all the cashback that you earned, dollar-for-dollar, with no limit on how much you can earn.
For example, if you earned $200 in cashback during your first year of membership, Discover It will match another $200, giving you a total of $400 cashback rewards.
No Annual Fee
Discover It Cash Back Credit Card does not charge any annual fees for the card. This means that you do not have to pay any amount to keep the card active.
No Foreign Transaction Fees
This credit card also does not charge any foreign transaction fees. This is a great feature if you travel a lot and use your card outside the United States. You do not have to worry about paying extra fees when you make purchases abroad.
Free Credit Score Check
Discover It Cash Back Credit Card also offers a free credit score check feature. You can check your FICO credit score for free on your monthly statement or online account. This feature helps you to keep track of your credit score and monitor any changes that occur.
Discover It Cash Back Credit Card offers several benefits to the users. Here are some of the key benefits:
The primary benefit of this credit card is that you can earn cashback on your purchases. You can earn 5% cashback on rotating categories and 1% cashback on all other purchases. You can use the cashback rewards towards statement credits, direct deposit, or gift cards from partnered retailers.
No Interest for First 14 Months
Discover It Cash Back Credit Card also offers an introductory APR of 0% for the first 14 months from the date of account opening. This means that you will not be charged any interest on your purchases or balance transfers during this period.
Flexible Redemption Options
Discover It Cash Back Credit Card offers flexible redemption options for your rewards. You can redeem your rewards in any amount and anytime towards statement credits, direct deposit, or gift cards. There is no minimum reward redemption requirement.
Discover It Cash Back Credit Card has a good customer service support system, which is available 24/7. You can contact them through phone, online chat, or email. The customer service team is responsive and helpful in resolving any issues or concerns.
While Discover It Cash Back Credit Card offers a lot of benefits, there are also some drawbacks that you should consider:
Some users might find the rotating categories feature a little confusing or inconvenient. You have to keep track of the categories and make sure that you are using your card in the right category to earn cashback rewards.
No Sign-Up Bonus
Discover It Cash Back Credit Card does not offer any sign-up bonus to the users. This means that you do not earn any reward points or cashback when you open the account or meet certain spending requirements.
High Late Payment Fee
Discover It Cash Back Credit Card charges high late payment fees of up to $40. This means that if you are late on your payment, you will have to pay a substantial amount as a penalty.
Discover It Cash Back Credit Card is an excellent option for users who want to earn cashback rewards on their purchases. It offers rotating categories with 5% cashback, 1% cashback on all other purchases, cashback match, and no annual fees or foreign transaction fees.
While there are some drawbacks like rotating categories, no sign-up bonus, and high late payment fees, the benefits of this credit card outweigh the drawbacks. Overall, it is an outstanding cashback credit card that is worth considering.
Thank you for reading this article. We hope you found it useful. Stay tuned for more exciting articles. Bye for now!
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