Discover it Cash Back - TheValu

Discover it Cashback Card

Our Rating: 88

it Cash Back By Discover April 2021 Review

Annual Fee:$0
Reccomended Credit Score:Good to Excellent (670 - 850)
Inroductory APR:0% for 14 months on Purchases and Balance Transfers
Regular APR:11.99%-22.99% (Variable)

Discover it Cashback Review:

This credit card comes with a high cash-back reward system in rotating quarterly categories — however, a major drawback of this card is that those rewards don't get applied automatically, activation is required and spending caps apply.

Featuring a $0 annual fee, for those who don't mind putting in a little extra work to a little work to activate rewards, this credit card is well worth it.

Features

  • Sign up bonus - Unlimited Cashback Match - You will be automatically matched with all cashback bonuses earned at the end of your first year. No minimum spending or maximum rewards.
  • No foreign transaction fees
  • 3% introductory balance transfer fee, then up to 5% on future balance transfer fees
  • Free FICO score reports
  • Free access to discovers free social security monitoring service.

Rewards

  • 5% back in rotating quarterly categories (on up to $1,500 in purchases each quarter)
  • 1% cashback on all purchases
Discover bonus rewards categories for 2020
Q1 (Jan. 1 – March 31)• Grocery stores

• CVS

• Walgreens

Q2 (April 1 – June 30)• Gas stations

• Uber and Lyft

• Wholesale clubs

June: Home Depot

Q3 (July 1 – Sept. 30)• Restaurants

• PayPal

Q4 (Oct. 1 – Dec. 31)• Amazon.com

• Target.com

• Walmart.com.

 

 

Pros

  • Discover Unlimited Cashback Match
  • 0$ annual fee
  • Bonus cash back categories
  • 14 month 0% APR period on purchases and balance transfers

Cons

  • Rotating cashback bonuses that need to be activated and monitored in order to receive the bonuses.
  • Less acceptance on use outside of the United States.