How much is the Discover it Cash Back annual fee?

The Discover it® Cash Back credit score requirement is 700+. That means applicants need at least good credit to get the card. This credit score requirement is in line with most other cards that Discover offers, as well as comparable cash back credit cards from other issuers. The higher an applicant’s credit score is above 700, the more likely they are to be approved for the Discover it Cash Back credit card. But your credit score is far from the only factor Discover will consider during the approval process.... read full answer

In addition to a 700+ credit score, applicants for Discover it Cash Back will also need to have a steady income. Discover will also consider the applicant’s recent credit inquiries, the number of credit lines or loans they have open, their monthly housing payment and more. Plus, you won’t be approved if you already have two open Discover cards. That’s the maximum.

It may be possible to get a Discover it Cash Back card with a credit score below 700 if other factors, such as your income, balance out your profile, according to anecdotal reports. If you want to get a better idea of your odds of approval for a Discover it Cash Back card, you can use Discover’s online pre-approval tool. Fill in some personal information like your name, address, income and date of birth, and you’ll be shown a list of any Discover cards you have a high chance of qualifying for, along with links to apply. Pre-approval won’t hurt your credit score, but actually applying will cause a small drop.

The lowest Discover Card annual fee is $0 and this applies to all Discover credit cards. Whether you go for Discover it® Secured Credit Card, Discover it® Student Cash Back, Discover it® Miles or any other card, you’ll never pay a cent just for having it. That means you won’t have to worry about spending enough to get your money’s worth through rewards. Anything you earn will go right into your pocket. ... read full answer

Given that all Discover cards have no annual fee (and pretty similar names), their rewards and APRs are their biggest distinguishing factors. They’re identical otherwise, including the other fees they charge.

Major Discover Card Fees:

• Annual fee: $0
• Foreign transaction fee: 0%
• Balance transfer fee: 3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)*
• Cash advance fee: Either $10 or 5% of the amount of each cash advance, whichever is greater
• Maximum late fee: $41
• Card replacement/design change fee: $0

So, the only times Discover card fees will come into play are if you’re late making your minimum payment, if you transfer a balance, or if you use your card like a debit card to take out a cash advance. And even your first late payment won’t incur a fee.