Discover it Cash Back Credit Card
Discover is offering a cash back match bonus for Discover it Cash Back Credit Card for all the cash back earned within the first year of account opening. You automatically get an unlimited dollar-for-dollar match of all the cash back you’ve earned at the end of your first year.
Discover it Cash Back Card offers following cashback:
- Earn 5% cash back on up to $1,500 on combined purchases in bonus categories each quarter you activate.
- Earn 2% cash back on your first $1000 in combined purchases at Gas Stations (stand-alone), and Restaurants each calendar quarter
- Earn 1% cash back on all other purchases.
With Discover it Cash Back Card, there is no minimum to redeem for cash back. On top of that, your cash back never expires and they will credit your account or send you a check with your rewards balance if your account is closed or if it has not been used within 18 months. Cash back can be redeemed as:
- Deposit cash back directly into your bank account
- Apply it as a statement credit on your Discover card balance
- Pay with Cashback Bonus: Use your rewards at checkout at Amazon.com and PayPal
Discover it Cash Back Bonus Summary
Bonus – Unlimited dollar-for-dollar cash back match
Additional Offer – 0% intro APR for 14 months from account opening on purchases and balance transfers
Offer Expiry – No Information
Annual Fee – $0 (None)
Link for the Offer
With our referral link, you get $50 referral bonus, in addition to cashback match. Referral Link
Additional Perks
- Free Overnight Card Replacement
- 25 Card Designs
- No late fee on your first late payment.
- No foreign transaction fee.
Discover it 5% Cash Back Calendar
Jan – Mar | Apr – June | Jul – Sep | Oct – Dec |
· Grocery Stores (excluding Walmart & Target) · Fitness Clubs | · Gas Stations · Target | · Restaurants · PayPal | · Amazon.com · Digital Wallets |
Our Review of Best Cash Back Credit Cards
The Fine Print
Cashback Match: Only from Discover, as of December 2021. We’ll match all the cash back rewards you’ve earned on your credit card from the day your new account is approved through your first 12 consecutive billing periods or 365 days, whichever is longer, and add it to your rewards account within two billing periods. You’ve earned cash back rewards only when they’re processed, which may be after the transaction date. We will not match: rewards that are processed after your match period ends; statement credits; rewards transfers from Discover checking or other deposit accounts; or rewards for accounts that are closed. This promotional offer may not be available in the future and is exclusively for new cardmembers. No purchase minimums.
Final Thoughts
Discover it Cash Back Card is a solid cash back credit card with decent welcome bonus (via cash back match) and good offerings on the 5% cash back quarterly categories. The best part about the card is that the categories for the whole year is published in the beginning, allowing you the possibility to plan your spend and maximize your cash back. However, it does lack extra benefits and cash backs, provided by some of its competitors.
