Discover it Cash Back Credit Card

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Discover it cash back card 2021
Discover it 5 percent cash back categories 2022

About

The Discover it card was first launched in the early 2010s. It was introduced to the public as credit card with cashback rewards. It quickly became the flagship brand for Discover after its popularity surged. Initially the card came with a straight percent back on all purchases, but subsequent offers now a cash reward based on revolving purchase categories that change quarterly. Please keep in mind cardmembers must activate each quarter to earn the 5% cash back offer.

Benefits

  • 5% cashback bonus on select purchase categories throughout the year
  • Cashback bonus category changes every quarter
  • Must activate each quarter to gain bonus
  • Each quarter is limited to $1,500 in purchases
  • 1% cashback on all other purchases
  • Rewards are credited to your account within 2 billing cycles
  • Rewards never expire

Interest Rate

Introductory Rate
0% on purchases for first 15 months
0% on balance transfers from 15 months of first transfer until 5-10-22
Regular Rate
Purchases and Balance Transfers: 11.99% up to 22.99%
Cash Advance: 24.99%
Penalty: None
Minimum Interest Charge: $0.50

Fees

Annual: None
Intro Balance Transfer: 3% of amount
Standard Balance Transfer: 5%
Cash Advance: The greater of $10 or 5% of the amount advanced
Late Payment: First time: none, Up to $40 thereafter

Resources

Apply Online
Issuer: Discover Bank
Cashback Calendar

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