How to Apply for Discover it Cash Back Credit Card Easy Guide

Looking for a credit card that turns everyday spending into rewarding experiences? The Discover it Cash Back credit card might just be the perfect companion for your wallet. It offers 5% cash back on rotating categories like groceries, restaurants, and gas stations, on up to $1,500 each quarter when you activate—making it ideal for those who love to maximize savings on routine purchases.

Beyond cash back perks, this card offers flexible payment options and a robust set of tools for managing your financial well-being. No annual fee means more money staying in your pocket, while features like a 0% introductory APR for 15 months on purchases and balance transfers provide breathing room for large purchases or debt consolidation. Navigating the application process is straightforward, allowing potential cardholders to assess if this card aligns with their financial goals effortlessly. Stay tuned as we guide you through each step of the application process.

Discover the Benefits of the Discover it Cash Back Card

1. Cash Back Rewards

The Discover it Cash Back card offers a unique reward structure where cardholders can earn 5% cash back on everyday purchases at different places each quarter, up to the quarterly maximum, when you activate. This can include popular categories like grocery stores, restaurants, gas stations, or even eligible purchases through PayPal. For all other purchases, cardholders enjoy 1% unlimited cash back. It’s one of the most attractive features for those who prefer tangible rewards for everyday spending.

2. Cash Back Match

A standout feature is Discover’s Cashback Match, where new cardmembers automatically get all the cash back they’ve earned at the end of their first year matched. This means if you’ve earned $200 in cash back, Discover will double it to $400. This generous incentive is a great way to boost your initial savings just by using the card strategically throughout the year.

3. No Annual Fee

For those wary of extra charges eroding their rewards, the Discover it Cash Back card offers no annual fee. This allows cardholders to maximize their earnings without worrying about an annual cost cutting into their benefits.

4. Introductory APR Offers

The card typically features a 0% introductory APR for 15 months on purchases and balance transfers, providing a substantial window to manage your finances without paying interest. After the introductory period, a standard variable APR applies. Strategic use of this feature can be particularly beneficial for consolidating smaller debts or managing costlier purchases interest-free.

5. FICO® Credit Score for Free

Understanding and tracking your credit score is paramount in financial health. Discover simplifies this by offering a free FICO® Credit Score updated monthly with your statement. This allows you to stay informed and proactively manage your credit health.

SIGN UP TO GET YOUR DISCOVER IT CASH BACK

The Discover it Cash Back card is designed to reward everyday spending while being budget-friendly. With its cash back rewards, consumers can maximize their savings through the rotating 5% categories, giving them the opportunity to earn on what they already buy. For example, if you love shopping at grocery stores or dining out, you will find that you can earn significant cash back during those specific promotional periods. Additionally, having no annual fee means that cardholders can take full advantage of the rewards without worrying about yearly costs. This feature particularly appeals to those who may not want to commit to a credit card with ongoing fees. Through thoughtful management of purchases and a strategic approach to which categories to use, new users can effectively boost their cash back earnings and potentially reduce their expenses. The potential for additional incentives—such as bonus cash back for new cardholders—is another attractive element that enhances its value proposition. As one becomes more familiar with how to leverage the card’s features, the prospect of exploring finances, budgeting, and maximizing rewards becomes not just interesting, but also financially savvy.

Eligibility Requirements for Discover it Cash Back

• U.S. Citizenship or Legal Residency: Applicants must be either U.S. citizens or have legal residency status. This ensures compliance with federal regulations and eligibility for certain benefits.
• Minimum Age Requirement: The minimum age to apply is 18. For applicants under 21, proof of independent income or a co-signer might be necessary.
• Credit Score: While Discover doesn’t specify a minimum credit score, having a good to excellent credit history (typically a FICO score of 670 or higher) can improve your approval chances for the Discover it Cash Back card.
• Income Verification: Applicants must be able to demonstrate a sufficient and steady source of income. This is crucial for proving your ability to manage credit card payments responsibly.
• Identity Verification: Submission of personal details like Social Security Number and valid government-issued ID will be required for identity verification purposes.

SEE HOW TO GET YOUR DISCOVER IT CASH BACK

How to Apply for the Discover it Cash Back Credit Card

Step 1: Navigate to the Discover Website

The first step in your journey to acquiring the Discover it Cash Back credit card is to visit the Discover official website. This is where you’ll find all the detailed information about the card’s features and benefits. Start by searching for ‘Discover it Cash Back credit card’ in your preferred search engine or directly visit the Discover website. This step is crucial as it informs you about the 5% cash back rewards on everyday purchases and how these benefits can fit into your financial lifestyle.

Step 2: Explore the Card Features

Once you are on the website, take a moment to dive into the specifics of the Discover it Cash Back credit card. Look for details on the rewards structure, introductory APR offers, and any terms and conditions that might apply. Understanding these features can guide your decision-making process and ensure that the card aligns with your financial goals.

Step 3: Begin the Online Application

Ready to proceed? Look for the application link, usually highlighted with a call-to-action button like ‘Apply Now’. Click through to enter your personal information, such as your full name, social security number, and income details. Ensure all information is accurate to avoid any hitches in the approval process. Rest assured, the application process is designed to be user-friendly and straightforward.

Step 4: Submit and Wait for Approval

After filling out the application form, review all your details before hitting submit. Once submitted, Discover will begin processing your application. The approval timeframe can vary, but you should expect a decision within a few business days. Keep an eye on your email for any updates from Discover.

Step 5: Receive and Activate Your Card

Upon approval, you’ll receive your Discover it Cash Back card in the mail. Follow the included instructions to activate your card, which will unlock the potential to start earning cash back rewards immediately. Don’t forget to set up your online account for easy management of transactions and card benefits.

SEE HOW TO GET YOUR DISCOVER IT CASH BACK

Frequently Asked Questions about the Discover it Cash Back Credit Card

What is the cashback rate offered by the Discover it Cash Back card?

The Discover it Cash Back credit card offers a compelling feature with its 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, and gas stations, up to the quarterly maximum each time you activate. Additionally, you receive unlimited 1% cash back on all other purchases automatically. This structure allows savvy consumers to make the most of their spending and adapt their shopping habits to maximize rewards.

Does the Discover it Cash Back card have an annual fee?

One of the standout perks of the Discover it Cash Back card is that it comes with no annual fee. This is a rare advantage among credit cards offering such lucrative rewards. This absence of an annual fee ensures that cardholders can enjoy all the card’s benefits without worrying about offsetting the costs with their earned cash back.

How does the Cashback Match feature work with this card?

Discover offers a unique introductory perk called the Cashback Match. At the end of your first year as a cardholder, Discover will automatically match all the cash back you’ve earned. This means that if you’ve accumulated $200 in cash back, Discover will double that to $400. This feature elevates the card’s appeal for new customers looking to maximize their cash back in the early stages.

Are there any foreign transaction fees with the Discover it Cash Back card?

Travel enthusiasts will be pleased to know that the Discover it Cash Back card charges no foreign transaction fees. This allows cardholders to travel internationally without incurring extra costs on purchases made abroad. It enhances the card’s utility, making it a valuable companion for both domestic use and international adventures.

What is the introductory APR offer for the Discover it Cash Back card?

The Discover it Cash Back card provides an enticing introductory 0% APR for purchases and balance transfers for the first 15 months. After the introductory period ends, a variable APR will apply. This offer can be particularly beneficial for individuals looking to finance large purchases or transfer existing balances at no interest temporarily, helping manage and reduce existing debt efficiently.

Linda Carter

Linda Carter is a writer and financial expert specializing in personal finance and financial planning. With extensive experience helping individuals achieve financial stability and make informed decisions, Linda shares her knowledge on the our platform. Her goal is to empower readers with practical advice and strategies for financial success.