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.
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 (with a standard variable rate applying after that).… 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, bad credit, students and more. One of the best options is Discover it® Cash Back. It offers 5% cash back on up to $1,500 spent per quarter in bonus categories (which change every quarter and require activation), and 1% back on all other purchases.
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 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.
The Discover categories for bonus credit card rewards are gas stations, restaurants, along with various rotating quarterly categories. When cardholders make purchases that qualify for their Discover card’s bonus categories, they earn extra rewards compared to the card’s base rewards rate.
Discover it Cash Back, Discover it Student Cash Back, and NHL Discover it earn 5% cash back on the first $1,500 spent in the quarterly categories combined. Unlike regular bonus categories, you need to activate rotating categories to earn rewards.
Whether a purchase falls into a card’s bonus categories depends on "Merchant Category Codes," which are assigned by the major credit card networks to merchants based on what kind of business they conduct. So if a merchant has the MCC for "Gas Stations,” for example, purchases made at that merchant with cards that include "Gas Stations" as a bonus category will earn bonus rewards.
If you’re looking to get a rewards credit card from Discover, it’s a good idea to pick a card that offers the opportunity to earn bonus rewards in your most frequent purchase categories. Alternatively, you might want to get a card that offers a flat rewards rate on all purchases, like the Discover it® Miles (1.5 miles per $1 spent on all purchases) or the Discover it® Business Card (1.5% cash back on all purchases). Some Discover offers are not currently available on WalletHub and may be out of date.
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. This question was posted by a WalletHub user.
Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.