At a glance: Discover it® – Cashback Match™ comes in as one of the best cash back cards in the market with up to 10% cash back rewards, double cash back on every purchase, an incredibly long 0% intro APR period, easy cash rewards redemption, and $0 annual fee.
If you’ve been shopping around for a new credit card with truly amazing cash back rewards, you’re in luck, because the Discover it® – Cashback Match™ just seriously upped its game.
In fact, the Discover it card now offers the highest cashback reward available today. At up to 10% cash back the first year you’re a card member, no annual fee, and 0% interest for 14 months, no other cashback card even comes close.
The Discover it features a very generous 5% cash back rate (up to the quarterly max – currently $1,500 – then 1% back) in rotating quarterly categories and a standard 1% cash back on all other purchases. The 5% cash back rate applies to a variety of popular categories, which rotate each quarter, such as gas stations, Amazon.com, restaurants, wholesale clubs, and much more.
Discover then automatically matches whatever amount you’ve earned at the end of your first year as a card member. This means if you earned $500, Discover will double it to $1,000! It’s also like earning 10% cash back in rotating categories the first year you have the card. This makes the Discover it one of the highest paying cash back credit cards in the market.
When the time comes and you’re ready to redeem your cashback rewards, Discover it offers a variety of ways to do it. You can apply your cash to your Discover account, paying off any outstanding balance you may have. Or you can redeem your cash back for gift cards, an electronic deposit into an account of your choice, a payment to select online retailers or as a donation to a charity.
In addition to incredible cashback deals, there’s also an introductory 0% APR on balance transfers and purchases for the first 14 months after opening your card. After that, any remaining balance will change to an APR of 13.24% – 24.24% Variable on purchases & balance transfers, based on your creditworthiness when you apply. This means you don’t have to pay any interest until well into 2018!
Discover also offers a variety of ways to protect their members from identify theft and fraud. With Discover’s Freeze it® feature, card members can freeze their account to prevent new purchases, cash advances, or balance transfers, right from their phone. They also monitor every single purchase and will email, text, or call you if they notice any suspicious activity. Finally, card holders can view their FICO® credit scores for free. This allows you to track and monitor your credit score on a monthly basis.
Overall, if you’re looking for a credit card that gives major cash back, the Discover it – Cashback Match is hands-down one of the best on the market. If you’re considering applying, the Discover it Cashback Match card is available to consumers with average to excellent credit. It has no annual fee, and if you frequently travel overseas, there are no foreign transaction fees.
- Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com, or wholesale clubs up to the quarterly maximum each time you activate.
- Earn 1% cash back on all other purchases.
- INTRO OFFER: Discover will match ALL the cash back earned at the end of your first year, automatically.
- Redeem your cash back for any amount, any time. Cash rewards never expire.
- Use your rewards instantly at Amazon.com checkout.
- No annual fee.
- Discover will automatically double all the cash back you\’ve earned at the end of your first year. This offer is only for new cardmembers.
- Earn 5% cash back in rotating categories each quarter up to the quarterly maximum (currently $1,500) each time you activate.
- Earn 1% cash back on all other purchases, with no limit on how much you can earn.
- Earn 5% to 20% Cashback Bonus through exclusive online shopping mall.
- Rewards are redeemable in any amount at any time.
- Deposit into your bank account or credit your Discover card account.
- Turn your cash rewards into more when you redeem for gift cards or eCertificates from over 100 brand-name Partners.
- Redeem points for purchases using Apple Pay.
Fees and APR
- Annual Fee: $0
- Foreign Transaction Fee: None
- Intro Purchase APR: 0% for 14 months on purchases
- Purchase APR: 13.24% – 24.24% Variable on purchases & balance transfers, depending on creditworthiness
- Balance Transfers: Intro: 0% for 14 months, then Purchase APR.
Balance transfer fee is 3% of the amount of each transfer.