Earn unlimited 1.5x miles for every dollar spent on all purchases –from airfare and hotels to groceries and online shopping. As you can see, the Blue Cash Preferred has the potential to be more rewarding when it comes to shopping at U.S. supermarkets. Freeze it®: When you freeze your account, Discover will not authorize new purchases, cash advances or balance transfers. up to the quarterly maximum when you activate. Payments made through the Xoom transfer service are not eligible for 5%. That said, if you max out these 5% categories each quarter you’re looking at a healthy $300 per year, combine this with the $150 sign up bonus and you’ll receive a total … The Blue Cash Preferred also grants access to extra discounts and deals at specific retailers through Amex Offers. Listed merchants are in no way sponsoring or affiliated with this program. Certain digital wallet transactions qualify for 5%, for more information see Discover.com/digitalwallets. The Discover it® Cash Back is one of the more popular and rewarding credit card offers, with 5% cash back in categories that rotate every three months (up to $1,500 spent per quarter, then 1%; activation required). While you will not earn anything extra, value wise, you have the option to help … For online purchases, the transaction date from the merchant may be the date when the item ships. The extra perks and benefits are decent but not spectacular, giving you a way to monitor one of your credit scores. Target purchases are not eligible. Walgreens and CVS purchases include only purchases made in-store at Walgreens or CVS, online at Walgreens.com or CVS.com, or through the Walgreens or CVS app. boxes or addresses outside the U.S. Carrier overnight shipping limitations apply that may impact the exact delivery date. The Discover it’s rotating rewards program can provide a lot of value to the everyday spender. How Do Cash Back Credit Cards Work? Discover will automatically match all the cash back you’ve earned at the end of your first year! Listed merchants are in no way sponsoring or affiliated with this program. browser to access this page. Action required: Update In the past they’ve offered a $150 bonus on the Discover it card and they currently double your cash back for the first year, that could be a good option for those that’ll max out their 5% categories or make use of their portal often. If your subscription is bundled with another product or service, billed by a third party (such as a digital platform, a cable or satellite provider, telecommunications, internet provider or a car manufacturer), the purchase may not be eligible in this category. I’ve had this card for several years and it has been the easiest to use. 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. Just remember to use your Discover card when you’ll get 10% back for groceries during your first year. The ability to get cash at checkout can be pretty handy, as long as you tend to shop at one of the participating retailers. Get $20 statement credit each school year your GPA is 3.0 or higher for up to the next five years.16. 5% Cashback Categories: In accordance with standard industry practices, merchants are assigned a merchant category code (MCC) typically based on their line of business, or the type of products and/or services they primarily sell or provide. For online purchases, the transaction date from the merchant may be the date when the item ships. No purchase minimums. They consistently win or come in near the top of customer satisfaction surveys. If you don’t spend as much on groceries every year, this could be a better option than the Blue Cash Preferred. The Bank of America® Cash Rewards Credit Card (Review) is another popular reward card with no annual fee. Cash Back? Touch device users, explore by I definitely don't spend that much between gas and restaurants, or any of the categories in the Cash Back card. When you click on any ‘Apply Now’ button, the most up-to-date terms and conditions, rates, and fee information will be presented by the issuer. The information related to Discover it® Cash Back and Discover it® chrome have been collected by Credit Card Insider and have not been reviewed or provided by the issuer or provider of these products. Credit Card Insider is an independent, advertising supported website. Research indicates the Bank of America® Cash Rewards Credit Card offers the highest credit limit — $95,000 — among balance transfer cards. Discover It … In addition to the possible 6% cash back you’ll earn at U.S. supermarkets and on streaming subscriptions, you’ll also get 3% back at U.S. gas stations and on transit, along with 1% back everywhere else. This can add up to quite a bit over time, and is a feature that most cards don’t have. The thinking typically is, if a cardholder has paid their bills on time in the past, odds are they’ll do so in the future.If you’ve never missed a payment in over twenty years of credit card use, in the eyes of the credit card companies you’re probably lower of a non-payment threat. Q3 Program Details: Activate to earn 5% Cashback Bonus at Restaurants and PayPal from 7/1/21 (or the date on which you activate 5%, whichever is later) through 9/30/21, on up to $1,500 in purchases. Restaurant purchases include only those made at merchants classified as full-service restaurants, cafes, cafeterias and fast food locations. PayPal qualifying purchases are those made through the PayPal wallet online, when you send money to Friends and Family via PayPal using your Discover Card, and point-of-sale transactions using PayPal Here. The information related to Discover it® chrome has been collected by Credit Card Insider and has not been reviewed or provided by the issuer or provider of this product. Your payment history — which can account for a significant percentage in credit scoring models — is another measure of your creditworthiness. The Discover it card is an attractive card due to it’s 5% cash back rotating categories, it’s basically impossible to get more than 5% cash back with any other card. For complete details of any products mentioned, visit bank or issuer website. FICO is a registered trademark of Fair Isaac Corporation in the United States and other countries. Discover has fifty million cardholders in the United States with a range of card options and offers ranging from student cards, cash back rewards cards, to travel rewards cards.If you have a Discover card, you may be wondering about increasing the limit on your card. You can also download the Discover mobile app to keep track of your card and access the benefits and services. This could mean some big increases in rewards for Bank of America clients. The easiest way to redeem your cash back is with a statement credit or direct deposit. Only purchases made from merchants located in the United States are eligible for 2% Cashback Bonus. Use Rewards at PayPal: For complete details on how to Pay with Cashback Bonus at PayPal see PayPal.com/pwr. It provides 3% cash back for U.S. supermarkets (up to $6,000 per year, then 1%) and 2% cash back at U.S. gas stations and select U.S. department stores. Acceptance: According to the Feb 2020 issue of the Nilson Report. Yes, you can redeem cash back any time after you earn it and still receive the full match amount at the end of your first year. Reasonable efforts are made to maintain accurate information, though all credit card information is presented without warranty. Purchases at Gas Stations and Restaurants over the quarterly cap, and all other purchases, earn 1% cash back. The Chase Freedom Flex℠ (Review) has no annual fee and offers 5% cash back categories that switch throughout the year, just like the Discover it card. Even if you make purchases at a merchant of items that appear to fit in a rewards category, the merchant may not have an assigned MCC in that rewards category. And after that first year you’ll only get the regular rate of 5% cash back on groceries, for a maximum of $75 cash back per year. I got it for 14 months balance transfer which I used and also got the 2X cash back bonus after one year. Not the card for you? Learn much more about rewards credit cards and see our picks for the best ones! To protect your account security, My card was 3 months on the 7th with a $500 limit. Plus, cardholders earn unlimited 1% cash back … Credit Card Insider receives compensation from advertisers whose products may be mentioned on this page. Although you won’t earn cash back on dining like you would with the Discover it Chrome, with the Blue Cash Preferred you’ll get 6% back at U.S. supermarkets (up to $6,000 spent per year). Even if you forget to activate your rewards until the quarter is almost over, Chase will retroactively apply that 5% cash back to all the eligible purchases you previously made. With Discover's student credit cards, there's a one-card limit. The gift card option actually provides more than $1 back for every $1 you’ve earned, making it the most potentially rewarding method. The Discover it Chrome features a reward structure that’s very different from the Discover it. Even if you make purchases at a merchant of items that appear to fit in a rewards category, the merchant may not have an assigned MCC in that rewards category. The Discover it is a fairly simple card that many people find to be quite rewarding. The card earns an unlimited 1.5% cash back on all purchases, and like other eligible Discover cards, it offers a new-cardholder bonus that can effectively double that rate in the first year. The Discover it, providing 10% cash back on groceries for the first $1,500 you spend, can provide a maximum of $150 cash back for groceries in that first year. 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. Gas Stations affiliated with supermarkets and supercenters may not be eligible. Just a dollar-for-dollar match. If you prefer not to receive your FICO® Credit Score just call us at 1-800-DISCOVER (1-800-347-2683). Now, is that $1000 SPENT, or you can earn that amount in cash back? One of the best bits: Discover will double the cash back you earn in your first year. It’s possible to churn Discover credit card bonuses. (The Discover it Cash Back’s 5% rate applies to the first $1,500 spent per quarter, then 1% is earned; activation required.). Earn 1% cash back on all other purchases – automatically. In order for a purchase to qualify for the 5% Cashback Bonus Program, the transaction date must be before or on the last day of the offer or promotion. New to credit cards? If you use the Discover it credit card, how do you like it? And Discover will double that for your first year! That applies to the first $6,000 you spend each year, then you’ll earn 1% on that category for the rest of the year. Content is accurate to the best of our knowledge when it's published. Donate to Charity. They’ll check your credit reports from the major reporting bureaus when making their decision. Another option is to pair the Discover it Cash Back with the Double Cash Card or one similar to it. The only difference to consider here is the reward structure, but that means these cards could actually be used together quite effectively. This benefit may change or end in the future. browser has not been updated. Earn a $250 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months. If you’re not sure it’s the right fit, however, you have lots of other options, whether you’re after fixed spending categories or a program that lets you choose how you earn. Only purchases made from merchants located in the United States are eligible for 5% Cashback Bonus. 5% at Gas Stations, Wholesale Clubs and Select Streaming Services, 5% at Amazon.com, Walmart.com and Target.com, Activate free Social Security Number Alerts, 100% U.S.-based customer service, available 24/7, Request free overnight shipping to replace a lost, Discover will automatically match all the cash back you earn at the end of your first year after you open your new Discover it. 4. We give the Discover it credit card 5 out of 5 Stars because it’s a great offer that you can have completely for free. Advertiser Disclosure As far as no annual fee cash back cards go, the Discover it® Cash Back ranks among the best. Discover Card does not assign MCCs to merchants. Take note that you must manually activate your 5% cash back rewards every quarter, and you won’t earn at the 5% rate until you do. † for 14 months on purchases and balance transfers. The information related to Discover it® Cash Back has been collected by Credit Card Insider and has not been reviewed or provided by the issuer or provider of this product. Add-ons associated with Select Streaming Services may not qualify for this promotion if they are not listed, billed in a bundle, separately or through a third party. 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%). 3% Cash Back at U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more). Well with a $5000 limit Am Ex, and au cards which I control with $2000 and $3750, Discover card is going in the sock drawer. We wouldn’t recommend using it for purchases that don’t fall into one of these 5% categorizes as it only earns the 1% cash back, when other cards on the market will earn 2%+. No changing categories and no expiration on rewards. Responses have not been reviewed, approved or otherwise endorsed by bank advertisers. This is true even after you deduct the $95 annual fee from the cash back you’ll earn (Rates & Fees). For example, you’ll earn 5% cash back at grocery stores from January to March on the first $1,500 you spend, and only 1% back after that. Content is not provided or commissioned by any credit card issuers. Discover's two main avenues for making a credit limit request are: By phone . When it comes to U.S. supermarkets it’s a more convenient option in most cases, because people usually buy groceries year-round, not just a few months out of the year. Learn the difference between networks like Visa and issuing banks like Capital One, which banks are biggest, and more. Discover does not disclose a maximum credit limit, but there are reports of some cardholders receiving credit limits between $10,000 and $20,000. Cashback Match: Only from Discover, as of November 2020. The other card features are pretty comparable between the Chase Freedom Flex and Discover it. There's no signing up, just use your Discover card for everyday purchases to earn cash back, and we'll automatically match all the cash back you earn at the end of your first year. Credit Card Insider has partnered with CardRatings for our coverage of credit card products. 6% Cash Back on select U.S. streaming subscriptions. If JavaScript is disabled, The 3% and 2% categories are limited to the first $2,500 spent per quarter; after that you’ll earn 1% back in those categories. Discover Card does not assign MCCs to merchants. Keep reading to learn more and see if it’s right for you. The Discover it® Cash Back card, by contrast, offers a bigger credit limit than you’ll get on the student version and offers a more generous promotion, including an introductory offer of 14 months of interest-free purchases and balance transfers (then a variable APR of 11.99-22.99 percent). (Max spend $1,500 per quarter, activation required) But you probably would never need to use both of these cards at the same time, overall. In order for a purchase to qualify for the 5% Cashback Bonus Program, the transaction date must be before or on the last day of the offer or promotion. The Primary cardmember must agree online to receive identity alerts. Cardholders can call Discover's main number (1-800-DISCOVER, or 1-800-347-2683) in order to make their request orally. Just use the Discover it whenever you’ll earn 5% cash back, and use the Discover it Chrome for gas and at restaurants. The typical new Discover it® cardholder received a credit limit around $3,000. Discover® Identity Alerts are offered by Discover Bank at no cost, only available online, and currently include the following services: (a) daily monitoring of your Experian® credit report and an alert when a new inquiry or account is listed on your report; (b) daily monitoring of thousands of Dark Web sites known for revealing personal information and an alert if your Social Security number is found on such a website. 2% Cashback Categories: In accordance with standard industry practices, merchants are assigned a merchant category code (MCC) typically based on their line of business, or the type of products and/or services they primarily sell or provide. Use your Cash Rewards card for gas, groceries, and at wholesale clubs, and use the Discover it whenever you’ll get the 5% cash back. Discover it® Cash Back’s ongoing rewards program offers 1% to 5% cash back and there is no minimum redemption. Discover will automatically match all the cash back you’ve earned at the end of your first year! Intro Offer: Unlimited Cashback Match - only from Discover. You can build a credit history with the three major credit bureaus. Rewards are added to your Cashback Bonus account within two billing periods. Calendar quarters are defined as the three-month periods beginning January 1, April 1, July 1, and October 1. Like the Discover it, the card’s signup bonus matches your first-year rewards. Amazon, the Amazon.com logo and the smile logo are trademarks of Amazon or its affiliates. Only purchases made from merchants located in the United States are eligible for 5% Cashback Bonus. They both come from your TransUnion credit report so there is no difference there. There's no minimum spending or maximum rewards. Contact us here. Instead of offering rotating 5% cash back categories, this card gives you the ability to choose your 3% category each month. However, some activity will continue, including bills that merchants mark as recurring, as well as returns, credits, dispute adjustments, delayed authorizations (such as some transit purchases), payments, Discover protection product fees, other account fees, interest, rewards redemptions and certain other exempted transactions. Rewards are added to your Cashback Bonus account within two billing periods. Each card allows you to access your FICO Score 8 for free whenever you want. Purchases made through third-party payment accounts, mobile or wireless card readers, virtual wallets or similar technology will not be eligible if the technology does not provide sufficient transaction details for rewards qualification. See Cashback Bonus Program Terms and Conditions for more information about your rewards. Purchases made through third-party payment accounts, mobile or wireless card readers, virtual wallets or similar technology will not be eligible if the technology does not provide sufficient transaction details for rewards qualification. Low Spending Limit for 2% Cash Back Rewards: The Discover it Chrome for Students card offers 2% cash back at gas stations and restaurants, but … Credit Card Insider has not reviewed all available credit card offers in the marketplace. You’ll have the potential to earn quite a lot of cash back. The Amazon.com logo and the smile logo are trademarks of Amazon or its Affiliates. Walmart.com purchases include only those made at Walmart.com and when shopping through the Walmart app (including Grocery Pick Up and Delivery). The Walmart.com logo is a registered trademark of Walmart Inc. Target.com purchases include only purchases made online at Target.com or through the Target app. That would bring the max bonus cash back you could earn with the Discover it® Cash Back card up to $600 and up to $160 for the Discover it® chrome — a $440 difference. However, Credit Card Insider does not make any guarantees about the accuracy or completeness of the information provided. With Cashback Match, get an unlimited dollar-for-dollar match of all the cash back you've earned at the end of your first year, automatically.1. Once you hit this $1,500 limit, the cash back percentage drops back down to 1%. We recommend using one of the first 4 options above. Choose from 25 colorful designs when you apply to become a Discover it® card member. This promotional offer may not be available in the future and is exclusively for new cardmembers. You can earn at the rotating 5% rate while it’s active, up to $1,500 spent per quarter, and then spend your gift cards when it’s convenient for you. Credit Card Insider and CardRatings may receive a commission from card issuers. Credit Card Insider has not reviewed all available credit card offers in the marketplace. Purchases made through third-party payment accounts, mobile or wireless card readers, virtual wallets or similar technology will not be eligible if the technology does not provide sufficient transaction details for rewards qualification. Your first late payment fee will be waived as a courtesy, and there is no penalty APR to apply if you’re late on a payment or over-limit, like many other cards. Do I have to do anything to get my Cashback Match? On the surface, the Discover it® Cash Back and Discover it® chrome look similar – they have the same simple exterior with the words “Discover it” emblazoned across the front.. Q4 Program Details: Activate to earn 5% Cashback Bonus at Amazon.com, Walmart.com and Target.com from 10/1/21 (or the date on which you activate 5%, whichever is later) through 12/31/21, on up to $1,500 in purchases. Amazon.com purchases include those made through the Amazon.com checkout, including digital downloads, Amazon.com gift cards, Amazon Fresh orders, Amazon Local Deals, Amazon Prime subscriptions and items sold by third party merchants through Amazon.com's marketplace. The 5% back categories rotate quarterly, must be … All other purchases earn 1% cash back with no cap. If you’re a Preferred Rewards client, you can increase that bonus to 25% – 75%. See Cashback Bonus Program Terms and Conditions for more information about your rewards. Check with your Wholesale Clubs to make sure your Discover card is accepted. You may not see Pay with Rewards every time you check out. The Discover it provides a potential 10% cash back at grocery stores, but only during that first year when you’ll get double rewards, only during certain months out of the year, and only on the first $1,500 you spend on groceries in those months. Credit Card Insider receives compensation from some credit card issuers as advertisers. So you could turn $50 cash back into $100. Even if you make purchases at a merchant of items that appear to fit in a rewards category, the merchant may not have an assigned MCC in that rewards category. You've earned cash back rewards only when they're processed, which may be after the transaction date. autocomplete results are available use up and down arrows to Income is always an important factor in a credit card application. That makes this one of the most rewarding credit cards on the market, especially for no annual fee. We may add additional categories within a quarter that may also require enrollment. Use Rewards at Amazon.com: For complete details on how to Pay with Cashback Bonus at Amazon.com see Amazon.com/CashbackBonus. you must update your browser as soon as possible. There’s no minimum spending or maximum rewards. What is Cashback Match and how does it work? Then 11.99% to 22.99% Standard Variable Purchase APR and up to 5% fee for future balance transfers will apply. If you already use flat rate credit cards, this could be beneficial for you. You’ll need to activate your 5% cash back categories with the Chase Freedom Flex just like the Discover it, but in this case the Freedom Flex card has the advantage. Can You Change Your Credit Limit? It’s a great deal because it scales up to match however much you spend, and one you probably won’t find on any other card. Generally, debit … EDITORIAL DISCLOSURE: The editorial content on this site is not provided by the companies whose products are featured. Individual merchants and stand-alone stores within physical Walgreens or CVS locations (including health centers), or on Walgreens.com or CVS.com, may not be eligible in this category. This information is intended for, and only provided to, Primary credit cardmembers whose accounts are open, in good standing and have an email address on file. (The Discover it Cash Back’s 5% rate applies to the first $1,500 spent per quarter, then 1% is earned; activation required.). Just keep an eye on the current 5% cash back category, and be sure to activate your rewards every quarter. Any opinions, analyses, reviews, or evaluations provided here are those of the author’s alone, and have not been reviewed, approved, or otherwise endorsed by the Advertiser. See Cashback Bonus Program Terms and Conditions for more information about your rewards. Only Discover® Cashback Match automatically matches the cash back you've earned at the end of your first year.1. You could use them both, using the Discover it whenever you can get 5% cash back, except for U.S. supermarkets. Free Overnight Card Replacement: Free overnight shipping is not available to P.O. Learn Discover Card does not assign MCCs to merchants. In order for a purchase to qualify for the 2% Cashback Bonus Program, the transaction date must be before or on the last day of the offer or promotion. Now with chip technology for enhanced security and protection at chip-enabled terminals, U.S. supermarkets (up to $6,000 spent annually), $250 statement credit for spending $1,000 in the first 3 months. Representatives are friendly and never make me feel like my questions are stupid. To see a list of Frequently Asked Questions, visit discover.com/freealerts. You’ll also get 3% back on transit and at U.S. gas stations. The Discover it® chrome (Review) is very much like the regular Discover it, with the only difference being that it has a different reward structure. This will be applied to your account within seven (7) business days. With 5% all the time with the selected items, and another cash after one year, why not? American Express is a Credit Card Insider advertiser. Activate and we’ll send you an alert if your Social Security number is found on any of thousands of Dark Web sites.11, If you misplace your card, freeze your account on our mobile app or website to prevent new purchases, cash advances and balance transfers.12. DISCLAIMER: All information posted to this site was accurate at the time of its initial publication. Looking to max out your rewards in a category, but not sure if you’ll be able to spend enough in three months? 4. Discover is also quite forgiving when it comes to the penalty terms. 0% Introductory APR for 12 billing cycles for purchases and for any balance transfers made in the first 60 days, then. After you spend that much in the category, you’ll earn 1% cash back. Monitoring your credit report does not impact your credit score. 3% Intro Balance Transfer Fee until . Advertising partners do not edit or endorse our editorial content. By staying on top of activating rotating categories and shifting your spending to take advantage of the full bonus limit each quarter, we estimate Discover it Cash Back cardholders can bring in an average of 1.58 percent cash back. Your score, key factors and other credit information are available on Discover.com and cardmembers are also provided a score on statements. This 5% offer has a quarterly maximum of $1,500 worth of spending. In order for a purchase to qualify for the 5% Cashback Bonus Program, the transaction date must be before or on the last day of the offer or promotion. In order for a purchase to qualify for the 5% Cashback Bonus Program, the transaction date must be before or on the last day of the offer or promotion. 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