The Discover It Cash Back Credit Card was designed for any individual that was seeking to have the opportunity to earn a significant amount of cash back rewards. In 2018 this card was ranked number one in customer satisfaction by the J.D. Power credit card satisfaction study.
Card holders enjoy a zero percent APR on purchases and balance transfers for the first 14 months after opening the account. The Discover It Cash Back Credit Card start its reward program with a hefty 5 percent cash back on a quarterly maximum of $1,500.00 and than it switches over to a one percent cash back. The categories on the cash back policy rotate on a quarterly basis. The categories for each quarter include groceries, gas stations, Uber and Lyft rides, restaurants and Amazon, these categories run from January to March, April to June, July to September and October to December respectively.
The rewards earned on this card can be redeemed at anytime and for any amount. also the rewards accumulated do not expire.
Within the first year of opening the account, Discover It offers a double cash back reward on the rotating categories, this is awesome as it does not state a maximum to be doubled so it you have large purchase that you can place on the card, the points you would earn on this purchase would be doubled. There are no late fees on your first late payment and missing a few payments won’t raise your APR. Those who travel constantly would appreciate that there is no foreign transaction fees on the purchases made from outside the USA. The credit score required to have this card is between average to excellent.
The rewards can be redeemed in any amount at anytime, they can be deposited into a bank account or applied as a credit to your Discover It credit card account. Amazon purchases can also be made using this cash back reward at a ratio of 1:1. Card holders can also turn the cash rewards into more when redeemed with Apple Pay or for gift cards or eCertificates from more than 100 partners.
The Discover It Cash Back Credit Card is not widely accepted like VISA and MasterCard, as it runs on its own payment processing network. Therefore card holders run the risk of trying to purchase items from vendors that may not accept the Discover It card as a form of payment. To some degree this is most likely to happen in brick and mortar retailers than it would when purchasing online, however the risk still exist.
The Discover It Cash Back Credit Card is for anyone that seeks to gain generous cash back rewards in combination with zero percent introductory APR on purchases and balance transfers. Jut note that the variable APR of 14.24 percent to 25.24 percent takes effect after the 14 months and your rate is dependent on your credit score, also there is a 3 percent balance transfer fee on all transfers.