How to Apply for Discover it Cash Back Credit Card A Step-by-Step Guide
The Discover it Cash Back credit card is a handy tool for those who aim to maximize their daily savings. It offers a 5% cash back on rotating categories every quarter, such as groceries, gas stations, and online shopping. With no annual fee, it’s designed to put more money back in your pocket each month.
For anyone seeking to improve their financial management, this card makes it easy to budget and save effectively. The highlight is the unlimited 1% cash back on all other purchases, ensuring savings no matter where you spend. Plus, Discover automatically matches all the cash back you’ve earned at the end of your first year, effectively doubling your rewards without additional effort.
Applying for this credit card is straightforward and can make a significant difference to your financial health. Embrace smarter spending with the Discover it Cash Back card, and watch your savings grow.
Key Benefits of the Discover it Cash Back Credit Card
1. Earn Cash Back Rewards on Every Purchase
The Discover it Cash Back credit card offers a 5% cash back on rotating quarterly categories, such as groceries, dining, gas, and more, up to the quarterly maximum each time you activate. Plus, there’s 1% cash back on all other purchases. To maximize your rewards, make sure to keep track of the rotating categories and plan your spending accordingly.
2. No Annual Fee
Enjoy the benefits of your Discover it Cash Back card without worrying about hidden costs, as there’s no annual fee. This means your rewards and savings can go further, contributing directly to your financial wellness. Keep more money in your pocket by comparing this with other cards that may have higher annual fees.
3. Match Your First Year Cash Back
Discover offers to automatically match all the cash back you’ve earned at the end of your first year with no limitations or restrictions. This double cash back is an excellent opportunity to make the most out of your first year using the card. Consider using your card for everyday expenses to maximize this benefit.
4. Introductory APR Rates
With the Discover it Cash Back card, you can take advantage of a 0% introductory APR on purchases and balance transfers for the first 14 months. Manage your expenses by transitioning high-interest balances to this card, ensuring more of your payments go toward the principal amount rather than interest.
5. Free FICO® Credit Score
This card allows you to access your FICO® Credit Score for free on your monthly statements and online account. Keeping an eye on your credit score is a vital part of financial management, and it can help you make informed decisions about maintaining or boosting your credit standing.
SIGN UP TO GET YOUR DISCOVER IT CASH BACK
| Category | Details |
|---|---|
| Cash Back Rewards | Earn up to 5% cash back on rotating categories each quarter. |
| No Annual Fee | Keep more money in your pocket with no annual fees to worry about. |
The Discover it Cash Back card is designed to help you maximize your savings while enjoying everyday spending. With a simple structure, you’ll find it easy to keep track of your rewards. The card’s cash back program allows you to earn up to 5% cash back on categories that change quarterly, which often include popular spending areas. This feature means that you can take advantage of annual savings while enjoying your regular purchases. For example, if you spend on groceries or gas, you will receive higher rewards during those specific months!Additionally, the no annual fee aspect removes hurdles to saving more with your card. This means you won’t have to pay just to have the card, unlike many other options out there. This financial flexibility puts the focus back on what you earn rather than what you have to pay to use the card.By incorporating these benefits into your financial habits, you can watch your savings grow effortlessly over time. The Discover it Cash Back card is a tool that encourages you to make smart spending choices without extra fees holding you back.
Requirements to Apply for Discover it Cash Back
- Maintain a good credit score: A good credit score can aid in the approval process. Typically, a score of 670 or above is preferred.
- Have a steady income: Consistent income is crucial. You should be able to demonstrate a stable source of income to reassure the issuer of your ability to repay.
- Provide valid identification: Be ready to present valid identification documents, such as a driver’s license or passport.
- Be a U.S. resident: This credit card is available to residents of the United States, so ensure that you meet this minimum geographic requirement.
- Meet the age requirement: You must be at least 18 years old to apply for a Discover it Cash Back credit card.
SEE HOW TO GET YOUR DISCOVER IT CASH BACK
How to Apply for the Discover it Cash Back Credit Card
Step 1: Visit the Discover Website
To begin your application for the Discover it Cash Back credit card, go directly to the Discover official website. Ensure you are on the secure website by checking for “https” in the URL. Click on the section dedicated to their credit card offerings.
Step 2: Review Card Benefits and Requirements
Before applying, take a moment to review the benefits of the Discover it Cash Back card. You’ll find information on cash back rewards, no annual fees, and introductory APR offers. Make sure you meet the eligibility criteria such as having a good credit score and being at least 18 years old.
Step 3: Start Your Application
Once you’re ready, click on the “Apply Now” button to start your application. You will need to fill out personal financial information, including your social security number, annual income, and employment status. Double-check that all information is accurate to avoid delays in processing your request.
Step 4: Submit Your Application
After completing the form, review it for accuracy. Once confirmed, submit your application by clicking the appropriate button at the end of the form. You will receive an acknowledgment confirming that your application has been successfully submitted.
Step 5: Receive Your Approval Decision
Discover will review your application and notify you of their decision, usually within a few days. If approved, you will receive your Discover it Cash Back credit card in the mail. Follow any further instructions provided to activate your card and start taking advantage of the cash back rewards.
SEE HOW TO GET YOUR DISCOVER IT CASH BACK
Frequently Asked Questions about the Discover it Cash Back Credit Card
What are the main benefits of the Discover it Cash Back card?
The Discover it Cash Back card offers a variety of benefits designed to maximize your savings. One of the key advantages is the 5% cash back on everyday purchases at different places each quarter, up to the quarterly maximum when you activate. Additionally, you will earn 1% unlimited cash back on all other purchases – automatically. A standout feature is the Cashback Match: Discover will match all the cash back you’ve earned at the end of your first year, with no limit on how much is matched.
Are there any annual fees for using the Discover it Cash Back card?
No, there are no annual fees associated with the Discover it Cash Back card. This makes it a cost-effective choice for those who are looking to save money without worrying about additional yearly costs.
How does redeeming cash back work with this card?
Redeeming cash back with the Discover it Cash Back card is simple and flexible. You can redeem your cash back for a credit to your account, an electronic deposit to your bank account, or to pay directly with PayPal. There’s also an option to use your cash back to purchase gift cards. Importantly, cash back never expires, so you can redeem it anytime, in any amount.
What is the interest rate on the Discover it Cash Back card?
The Discover it Cash Back card offers a 0% Intro APR on purchases and balance transfers for the first 15 months. After that, the standard variable purchase APR is 16.99% – 27.99%, depending on your creditworthiness. It’s crucial to manage your payments promptly to avoid high interests after the introductory period.
How do the quarterly rotating categories work with the Discover it Cash Back card?
The 5% cash back is earned on rotating categories that change each quarter, such as gas stations, restaurants, or online shopping. You need to activate these categories to start earning the higher cash back rate. Discover sends out notifications to remind cardholders to activate the categories, ensuring you don’t miss out on earning maximum rewards.
