Apply for Discover it Cash Back Credit Card Step-by-Step Guide
Imagine earning money back every time you swipe your card for daily purchases like groceries or gas. With the Discover it Cash Back Credit Card, this is exactly what you can do. This card offers an exceptional rewards program where you receive 1% cash back on every purchase and up to 5% cash back on rotating categories each quarter, such as dining and online shopping, when activated. The allure of cashback keeps getting better with an unlimited dollar-for-dollar match of all the cash back you’ve earned at the end of your first year—consider it a cash back annual bonus.
Additionally, the Discover it Cash Back Credit Card makes managing costs more affordable with a competitive 0% introductory APR for 15 months on purchases and balance transfers. This combination of saving and earning can be a strategic move for anyone looking to maximize their spending efficiency while reaping substantial rewards.
Benefits of the Discover it Cash Back Credit Card
1. Cashback Rewards on Everyday Purchases
The Discover it Cash Back credit card offers a generous 5% cashback on rotating quarterly categories such as groceries, gas, restaurants, and more, up to the quarterly maximum, each time you activate. This means you can essentially earn money back on your usual spending, thereby saving more as you shop. To maximize this benefit, be mindful of each quarter’s categories and adjust your spending habits accordingly to earn the highest cashback possible.
2. Unlimited 1% Cashback
In addition to the rotating categories, you earn an unlimited 1% cashback on all other purchases you make with the card. This feature ensures that no matter what you’re buying, you’ll be earning something back. Think of it as getting a small discount every time you make a purchase outside the special categories.
3. Cashback Match at the End of the First Year
For new cardholders, Discover offers a wonderful incentive: at the end of your first year, they will match all the cashback you’ve earned. Suppose you’ve earned $200 in cashback over the year; Discover will match it, giving you a total of $400. To fully benefit from this, make sure to use your card frequently and take advantage of the 5% rotating categories right from the start.
4. No Annual Fee
Unlike some other credit cards with similar benefits, the Discover it Cash Back card charges no annual fee. This means you can maximize your savings and rewards without worrying about covering a yearly card expense. It’s a smart choice for those who want to keep their credit card costs low while enjoying ample rewards.
5. FICO Credit Score for Free
The card provides your monthly FICO credit score for free, helping you stay informed about your credit health and track your financial progress. Regularly checking your score can be an excellent way to understand your credit behavior and catch potential issues early. Utilize this information to make smart financial decisions and improve your credit score over time.
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| Category | Benefits |
|---|---|
| Cash Back Rewards | Earn 1% back on all purchases, with an increased 5% cash back on categories that rotate quarterly. |
| No Annual Fee | Keep more of your money by not paying an annual fee, making it a cost-effective choice. |
The “Discover it Cash Back” card offers remarkable benefits that appeal to those seeking to maximize rewards on everyday spending. Its cash back rewards program allows users to earn points simply by using the card for regular purchases, which can quickly add up to significant savings. The rotating categories ensure that cardholders maximize their rewards in various spending categories, making it an exciting and dynamic option for intelligent consumers. Another standout feature is the absence of an annual fee, which is especially advantageous for individuals who want to enjoy the benefits of a cash back credit card without the burden of extra costs. This combination of rewards and low fees makes the “Discover it Cash Back” card a compelling option for individuals looking to manage their finances wisely while earning rewards. Understanding these features can help you decide if this card aligns with your financial goals.
Requirements for Discover it Cash Back Credit Card
- Credit Score: A good to excellent credit score is typically required to qualify for the Discover it Cash Back Credit Card. This usually means a FICO score of 670 or higher.
- Income: Applicants need to demonstrate a sufficient income level to support credit card payments. While no specific income is typically disclosed, having a steady source can enhance your approval chances.
- Age Requirement: You must be at least 18 years old to apply for the Discover it Cash Back Credit Card. If you are under 21, proof of income or an adult co-signer might be necessary.
- Citizenship or Residency: Being a U.S. citizen or a permanent resident is required to apply for this card, as it is tailored for the United States market.
- Social Security Number: Providing a valid Social Security Number is essential during the application process to verify your identity and credit history.
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How to Apply for the Discover it Cash Back Credit Card
Step 1: Visit the Discover Website
To start your application for the Discover it Cash Back credit card, you’ll first need to visit the Discover website. You can do this by opening a web browser and typing ‘www.discover.com’ into the address bar. Once on the homepage, navigate to the credit cards section, and select ‘Discover it Cash Back’. This will guide you to the credit card details page where you can begin the application process.
Step 2: Check Eligibility Requirements
Before applying, ensure you meet the basic eligibility criteria. Generally, you need to be at least 18 years old and a U.S. resident. Having a social security number and a satisfactory credit score also plays a crucial role. Gather relevant documents such as identification and income proof to streamline the application process.
Step 3: Complete the Online Application Form
Click on the application link for the Discover it Cash Back card. You will be directed to an online application form. Fill in the required information accurately, including personal details, employment status, and financial information. Take your time to review the information for any errors before submitting the form. Any inaccuracies could delay your application.
Step 4: Submit Your Application
Once you’ve reviewed all the information, click on the ‘Submit’ button to send your application. After submission, you’ll receive a confirmation email acknowledging receipt of your application. This email might provide an estimated timeline for approval, which usually takes a few days to a couple of weeks.
Step 5: Await Approval
After submitting your application, Discover will review your information and perform a credit check. If approved, they will send your Discover it Cash Back card by mail. Typically, the card arrives within 7-10 business days. In the meantime, you can also track the status of your application through the Discover website or wait for an official confirmation email regarding the approval.
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Frequently Asked Questions About Discover it Cash Back
What is the Discover it Cash Back card?
The Discover it Cash Back card is a credit card that offers 5% cash back on everyday purchases at different places each quarter, like Amazon.com, grocery stores, restaurants, and gas stations. Additionally, cardholders earn 1% cash back on all other purchases. This card encourages smart spending by rewarding you with cash back for the purchases you already make.
How does the Cashback Match feature work?
With the Discover it Cash Back card, Discover offers a unique Cashback Match feature for new cardholders. At the end of your first year, Discover will automatically match all the cash back you’ve earned, dollar-for-dollar. For example, if you earned $200 in cash back during your first year, Discover will add another $200, bringing your total to $400. This doubling feature applies to all the cash back earned in your first 12 months.
Are there any annual fees associated with the Discover it Cash Back card?
No, there are no annual fees for the Discover it Cash Back card, making it a cost-effective option for those looking to maximize their cash back rewards without added yearly expenses.
What is the interest rate on the Discover it Cash Back card?
The Discover it Cash Back card offers a 0% introductory APR for the first 15 months on both purchases and balance transfers. After the introductory period, the standard variable APR applies, which ranges depending on your creditworthiness and prevailing market rates. Always consider paying off your balance monthly to avoid interest charges and maximize your financial health.
How can I redeem my cash back rewards?
You can redeem your cash back rewards in several ways with the Discover it Cash Back card. Options include using your rewards as a statement credit, making a deposit into your bank account, paying directly at checkout with select merchants, or even for gift cards. Plus, your cash back rewards never expire as long as your account is open and in good standing.
