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The Discover it® Cash Back credit card is perfect for people who love cash back. (And honestly, who doesn't?) This card offers high cash back rates in several popular categories. But it's not just a great cash back card -- take a look at all its perks in our Discover it® Cash Back review.
Good/Excellent (670-850)
Intro APR
Purchases: 0%, 15 months
Balance Transfers: 0%, 15 months
Regular APR
18.24% - 28.24% Variable APR
Rewards Earn 5% cash back on everyday purchases at different places you shop each quarter like grocery stores, restaurants, gas stations, and more, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases—automatically.
1% - 5% Cashback
Annual Fee
$0
Welcome Offer N/A
Discover will match all the cash back you've earned at the end of your first year.
We think this card has among the highest cash back potential for cards with no annual fee. The key is the Unlimited Cashback Match — Discover automatically matches all the cash back new cardholders have earned at the end of the first year. That cash back can seriously add up when you earn 5% cash back on rotating bonus categories (when you activate them, up to the quarterly maximum) and 1% on other purchases.
We recommend comparing options to ensure the card you're selecting is the best fit for you. To make your search easier, here's a short list of standout credit cards.
Offer | Our Rating | Welcome Offer | Rewards Program | APR | Learn More |
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Rating image, 5.00 out of 5 stars.
5.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best = Excellent = Good = Fair = Poor |
Discover will match all the cash back you've earned at the end of your first year. N/A | 1% - 5% Cashback Earn 5% cash back on everyday purchases at different places you shop each quarter like grocery stores, restaurants, gas stations, and more, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases—automatically. |
Intro: Purchases: 0%, 15 months Balance Transfers: 0%, 15 months Regular: 18.24% - 28.24% Variable APR |
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Rating image, 5.00 out of 5 stars.
5.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best = Excellent = Good = Fair = Poor |
Up to $300 cash back Earn an extra 1.5% on everything you buy (on up to $20,000 spent in the first year) — worth up to $300 cash back. That's 6.5% on travel purchased through Chase Travel, 4.5% on dining and drugstores, and 3% on all other purchases. | 1.5% - 5% cash back Enjoy 5% cash back on travel purchased through Chase Travel, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 1.5% on all other purchases |
Intro: 0% Intro APR on Purchases and Balance Transfers for 15 months Purchases: 0% Intro APR on Purchases, 15 months Balance Transfers: 0% Intro APR on Balance Transfers, 15 months Regular: 20.49% - 29.24% Variable |
Apply Now for Chase Freedom Unlimited®
On Chase's Secure Website. |
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Rating image, 5.00 out of 5 stars.
5.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best = Excellent = Good = Fair = Poor |
75,000 Miles 75,000 Miles once you spend $4,000 on purchases within 3 months from account opening | 2X-5X miles Earn unlimited 2X miles on every purchase, every day. Earn 5X miles on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options. |
Intro: Purchases: N/A Balance Transfers: N/A Regular: 19.99% - 29.99% (Variable) |
This card is a fit for: Those looking for a card without an annual fee and who want the best of both worlds, including high rewards rates for an array of purchases and a long intro APR offer.
This card's headline feature is that cardholders can earn a 5% Cashback Bonus®, up to a quarterly maximum of $1,500, on everyday purchases in rotating categories each quarter like grocery stores, restaurants, and gas stations. Categories must be activated quarterly. Other purchases earn 1% cash back. Cardholders maxing out the quarterly spending categories in one year ($6,000 of total spending) would net $300 in cash back rewards.
This is a credit card with a spectacular sign-up bonus. For new Discover it® Cash Back cardholders, Discover will match all the cash back you've earned at the end of your first year. And yes, this cash back match is unlimited. Note this sign-up bonus is only available during the first year and for new cardholders.
So, if you max out your earnings in the bonus categories ($300 of rewards) and have another $5,000 of spending outside bonus categories ($50 of rewards), you'd earn $700 of total cash back with the match.
LEARN MORE: How to Redeem Rewards on Discover Credit Cards
This card blends the features of a rewards card and a 0% intro APR card, offering 15 months of 0% intro APR on purchases. The go-to 18.24% - 28.24% Variable APR applies after the 0% intro APR expires.
The card also offers a 0% intro APR on balance transfers for 15 months. The go-to 18.24% - 28.24% Variable APR applies after the 0% intro APR expires. One nice feature is that the 0% intro APR kicks in on your first transfer before the deadline, not from the account opening, which gives you flexibility to use it on your own timeline.
The Discover it® Cash Back is a no annual fee credit card. You'd expect a credit card with such a deep bench of perks to charge an annual fee, but that's not the case here.
The Discover it® Cash Back has no foreign transaction fee. Many cards charge a 3% fee when making purchases internationally, which can add up to $60 of savings on $2,000 of foreign spend when traveling or purchasing products from vendors who operate abroad.
Discover is a newer credit card issuer, and if you've been alive since before Discover cards were created, you might wonder about Discover's acceptance both in the U.S. and abroad. Worry not -- Discover says that its cards are accepted by 99% of places that take credit cards. And if you're hoping to travel internationally with this card, you can check out Discover's international credit card acceptance page to verify that its cards can be used at your destination.
LEARN MORE: Best No Foreign Transaction Fee Credit Cards
Discover credit cards all pack in a lineup of secondary perks that are worth reviewing, including the following:
READ MORE: A Complete Guide to Discover Credit Card Benefits
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Discover it® Cash Back | Discover it® Chrome | Capital One QuicksilverOne Cash Rewards Credit Card |
Rating image, 5.00 out of 5 stars.
5.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best = Excellent = Good = Fair = Poor |
Rating image, 4.50 out of 5 stars.
4.50/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best = Excellent = Good = Fair = Poor |
Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best = Excellent = Good = Fair = Poor |
Apply Now for Capital One QuicksilverOne Cash Rewards Credit Card
On Capital One's Secure Website. |
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Credit Rating Requirement:
Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.
Recommended Credit Score required for this offer is: Good/Excellent (670-850)
Good/Excellent (670-850) |
Credit Rating Requirement:
Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.
Recommended Credit Score required for this offer is: Good/Excellent (670-850)
Good/Excellent (670-850) |
Credit Rating Requirement:
Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.
Recommended Credit Score required for this offer is: Fair (300-669)
Fair (300-669) |
Welcome Offer: N/A Discover will match all the cash back you've earned at the end of your first year. |
Welcome Offer: N/A Discover will match all the cash back you’ve earned at the end of your first year. |
Welcome Offer: Cash Back Cash Back |
Rewards Program: Earn 5% cash back on everyday purchases at different places you shop each quarter like grocery stores, restaurants, gas stations, and more, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases—automatically. 1% - 5% Cashback |
Rewards Program: 2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter. 1% unlimited cash back on all other purchases - automatically 1% - 2% Cashback |
Rewards Program: Earn unlimited 1.5% cash back on every purchase, every day. Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options. Terms apply. 1.5%-5% cash back |
Intro APR: Purchases: 0%, 15 months Balance Transfers: 0%, 15 months |
Intro APR: Purchases: 0%, 6 months Balance Transfers: 0%, 18 months |
Intro APR: Purchases: N/A Balance Transfers: N/A |
Regular APR: 18.24% - 28.24% Variable APR |
Regular APR: 18.24% - 28.24% Variable APR |
Regular APR: 29.99% (Variable) |
Annual Fee: $0 |
Annual Fee: $0 |
Annual Fee: $39 |
Highlights:
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Highlights:
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Apply Now for Capital One QuicksilverOne Cash Rewards Credit Card
On Capital One's Secure Website. |
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Show More Show Less |
The Discover it® Cash Back charges a 3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)*. While most balance transfer credit cards charge a similar fee, it's a fee nonetheless.
While earning the 5% Cashback Bonus® on rotating spending categories each quarter is a nice perk, it's important to realize it won't happen automatically. Cardmembers must manually activate their cash back bonus categories each quarter before those rewards start to accumulate. It's also important to keep the quarterly spending cap in mind.
Compare credit card rewards, fees, APRs, and more using our side-by-side comparison tool.
Discover it® Cash Back is intended for people with a good credit score, which is generally considered to be a 670 FICO® Score or higher. As with any credit card, banks assess more than just your credit score during the approval process. Accordingly, having at least this score isn't a slam dunk for approval nor is it impossible to get approved with a lower credit score.
WANT MORE INFORMATION? Read our complete guide to the credit score you need for a Discover credit card.
It's hard to beat this offer as a category bonus card, given it packs in one of the highest bonus cash back rewards rates you'll find with the best credit cards. If the following statements apply to you, you're likely a good candidate to apply for it.
At The Motley Fool Ascent, we rate credit cards on a five-star scale (1 = poor, 5 = best). Our rating criteria includes rewards rates, welcome bonuses, fees, and perks like travel credits and 0% intro APR offers to evaluate our ratings.
We combine these factors with an evaluation of brand reputation and customer satisfaction to ensure you're getting the best card recommendations. Learn more about how The Ascent rates credit cards.
There are two types of cash back worth discussing, both Discover's Cashback Match bonus that matches all cash back earned by new cardholders in the first year and Discover's Cashback Bonus® rewards program.
Discover's Cashback Match is the issuer's unique take on a sign-up bonus. All cash back earned during the first year is then paid as a bonus to new cardholders just after their first year.
Discover it® Cash Back's ongoing rewards program offers 1% to 5% cash back and there is no minimum redemption amount. The 5% Cashback Bonus® categories rotate quarterly, must be activated, and are capped at $1,500 of bonus spending each quarter. Other purchases earn 1% back.
Discover it® Cash Back is intended for people with at least good credit and a FICO® Score of at least 670.
If you are approved for the Discover it® Cash Back card, your credit limit will be at least $500. Your specific credit limit will depend on income, credit score, and other details gathered by Discover.
Yes, the Discover it® Cash Back card can be used internationally wherever Discover is accepted (see the issuer's website for a map showing which countries have merchants that take Discover). Better yet, the card has no foreign transaction fee.
Our Credit Cards Experts
We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The Ascent, a Motley Fool service, does not cover all offers on the market. The Ascent has a dedicated team of editors and analysts focused on personal finance, and they follow the same set of publishing standards and editorial integrity while maintaining professional separation from the analysts and editors on other Motley Fool brands.
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