Discover it® Cash Back
Discover · Discover
4.5/5 RatingGood (670+)
Key Details
- Annual Fee
- None
- Regular APR
- 17.24%–28.24%
- Intro APR
- 0% intro APR for 15 months on purchases and balance transfers
- Foreign Transaction Fee
- None
- Balance Transfer Fee
- 3%
- Rewards Rate
- 1%–5% cash back
Sign-Up Bonus
Cashback Match: Discover matches ALL cash back earned in first year
Rewards Structure
- Rotating quarterly categories (up to $1,500/quarter)5%
- All Other Purchases1%
Pros
- ✓First-year Cashback Match doubles all rewards
- ✓5% rotating categories can be very lucrative
- ✓No annual fee
- ✓0% intro APR for 15 months
- ✓No foreign transaction fees
Cons
- ✗Must activate quarterly categories
- ✗5% is capped at $1,500 per quarter
- ✗Discover not accepted at some merchants
Who Should Get This Card?
Category optimizers who don't mind activating quarterly bonuses. The first-year Cashback Match makes it one of the best starter cards.