Discover It® – Credit Card Highlights
The Discover It® cash credit card pays back up to 5% on purchases; makes bonus cash payments at the end of each year; and, gives cardholders access to their updated credit score once per month.
Discover It® – Credit Card Highlights
The Discover It® credit card is a powerful cash back credit card, offered by U.S.-based credit card issuer Discover.
The card is a stand-out among today’s list of cash back credit cards.
Key benefits of using the Discover It® credit card include:
- 5% cash back on categories of purchases, such as groceries, wholesale clubs, or Amazon.com
- $0 fraud liability, which means you never pay for an unauthorized purchase
- Free access to your FICO score
- No annual fee
Plus, through Discover’s Cashback Match™ program, you can double the amount of cash back you earned from Discover over the course of a year.
All you have to do is leave your account open and, after your 12 months of membership, Discover will pay you again — this time for the total of your cash back rewards in the year prior.
If you earn $500 in cash back rewards between now and next year, Discover will double it to $1,000.
What Is A Cash Back Credit Card?
Cash back credit cards are credit cards that pay cash rebates to consumers on everything they purchase.
It’s typical for a cash back credit card to repay consumers $1 for every $100 spent. However, for some credit cards, cash rebates can go as high as five dollars for every $100 spent.
That’s like getting a 5% discount on everything you buy.
The cash back feature of a credit card is not unlimited, however. Over the course of a year, credit card companies put a cap on how much they’ll pay you for using their card.
Be smart, and you can side-step this annual limit. Here’s how.
Remember that most cash back credit cards are no annual fee, which means that there’s no charge to apply for the card, nor is there a charge to use it.
Therefore, there’s no reason not to keep multiple cash back credit cards in your wallet. That way, once you reach your cash back limit with your favorite card, you can start using your backup cash back card.
Discover It® Cash Credit Card Review
The Discover It® Cash credit card is a simple and powerful cash back credit card. You must be 18 or older to apply; and cash back payments to credit card holders are made once per month.
There’s no annual fee to use the card.
The amount of cash back you can earn with the Discover It® cash back card depends on how you use the card in your everyday life. Cash rebates range from one percent to 5%.
To earn $1 back on every $100 spent, use your card normally. Fill your car with gas, get one percent back. Pay for lunch at a restaurant, get one percent back. Pay for Netflix, get one percent back.
Meanwhile, each quarter, your card puts a bonus on specific types of shopping. When you shop at stores in these specific categories, which may include grocery stores or wholesale clubs, every $100 you spend earns you $5.
That’s a 5% rebate on everything you buy.
Discover It® Cash Back Credit Card
People with a Discover It® cash credit card get access to other valuable services, too.
If your credit card is ever lost or stolen, Discover will not hold you responsible for charges made while your credit card was out of your possession; and, will refund all charges made.
Discover calls this $0 Fraud Liability.
In addition, Discover will send you a replacement credit card via overnight shipping to wherever you are in the United States. This means that you won’t get stranded in a faraway place or on a business trip with your Discover It® cash credit card.
Having a Discover It® cash credit card also gets you access to your credit score.
Through a partnership with one of the big three credit bureaus, Discover It® cash credit card holders get free access to their FICO credit score. Scores are printed on monthly credit card statements, and the key factors determining your score are included as well.
Credit bureaus typically charge $15 for this service or more. Discover It® cash credit card holders get it for free.
Learn More About Discover It® Cash Credit Card
The Discover It® cash credit card offers a strong combination of cash back rewards and practical benefits for users.