Discover it Cash Back rewards include 5% cash back on select purchases and a first-year rewards match. The Cash Back card offers 5% back on the first $1,500 spent in pre-determined spending categories every quarter. All other purchases get 1% cash back. The card’s Cashback Match feature doubles all cash back a cardholder earns within the first 12 months. All Discover rewards cards currently offer this feature.
To earn 5% cash back with the Discover it Cash Back card, you’ll need to activate a new group of bonus categories every quarter. You can activate either online or by calling 1 (800) 347-2683.
You can redeem Discover it Cash Back rewards for a statement credit or a direct deposit to your bank. They’re also redeemable for gift cards, or you can use them for Amazon.com purchases or charitable donations. Rewards never expire. If your account is closed, Discover will credit the account for any remaining rewards balance.
The Discover it Cash Back rewards enable you to earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com, or wholesale clubs. And you get 1% cash back on all other purchases.
You can redeem your cash back for gift cards with $5 free added to each card, pay with rewards at Amazon.com checkout or make a charitable donation.
You can also deposit any amount into your bank account or apply to your Discover bill.
Discover is a good credit card company because there are Discover cards for people of all credit levels, and all of them have $0 annual fees and $0 foreign transaction fees. Plus, Discover cards all reward cardholders with at least 1% back on purchases and will match new cardholders’ earnings from the first year as an anniversary present. Most Discover cards also offer 0% introductory APRs on purchases and balance transfers.… read full answer
Discover cards are known for their 100 percent U.S-based customer service, and Discover has very few customer complaints with the Consumer Financial Protection Bureau. There are also user-friendly features such as “Freeze it,” which allows cardholders to temporarily turn off their card to prevent any unauthorized transactions. And Discover provides free monitoring to make sure customers’ Social Security numbers don’t show up on risky websites.
Reasons Discover is a Good Credit Card Company:
Discover has cards for people of all credit levels, from bad to excellent.
Discover cards do not charge annual fees or foreign transaction fees.
All Discover cards match your first year’s rewards.
Discover has highly regarded customer service.
Different Discover cards are good for different people, though. Discover has offers for cash back, travel, balance transfers, bad credit, students and more. One of the best options is Discover it Cash Back. It offers 5% cash back on the first $1,500 spent per quarter in rotating spending categories. It also gives 1% back on everything else.
The Discover it Student Cash Back card and Student chrome card are attractive choices, too. Both cards offer students $20 cash back for a 3.0 GPA or higher every year for up to five years, in addition to better ongoing cash back rates than the average credit card offers. And applicants with bad/limited credit can get up to 2% cash back with the Discover it Secured card.
While all Discover cards are pretty good, there are some downsides. In 2018, Discover cut several key benefits from all of its cards. Those include travel accident insurance, purchase protection, extended warranties and return protection. And as far as global acceptance goes, you can use Discover cards at merchants in around 190 countries and territories. That’s third behind Mastercard and Visa. Both are accepted in more than 200 countries and territories.
But overall, Discover credit cards combine some innovative perks and attractive rewards into a single package. And since they don’t charge annual fees or foreign transaction fees, the cards’ rewards go right to you. Those are just a few reasons why Discover cards are good credit cards in general.
Discover categories are areas of spending in which Discover cardholders can earn 2% to 5% cash back on the first $1,000 to $1,500 spent per quarter. These categories may rotate every quarter or they may remain the same all the time. Purchases outside of the categories earn 1% cash back.
The Discover cards with rotating categories include Discover it Cash Back, Discover it Balance Transfer, and the NHL Discover it card. Past categories have included grocery stores, restaurants, gas stations, rideshares and more. Cardholders earn 5% cash back on the first $1,500 spent in the quarterly categories combined, and 1% back on all other purchases. In order to earn 5% cash back each quarter, you will need to activate the categories online.
Several Discover cards have categories that do not rotate. The Discover it chrome, Student chrome and Secured cards all offer 2% cash back on the first $1,000 spent per quarter at gas stations and restaurants. And they give 1% back on all other purchases. These non-rotating Discover categories do not need to be activated.
The Discover it Miles card is the only Discover card without categories. It offers 1.5 miles per $1 on all purchases.
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