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The Highest Cash Back Card We've Come Across Has 0% Intro APR Until 2024

I'll cut right to the chase.

I've reviewed hundreds of credit cards over my 15+ years in finance.

The Discover it® Cash Back card is one of the very few that’s so good, I signed up for it personally.

Here's why I use it:

  • You’ll earn up to 5% cash back on rotating activated categories you'll actually use on up to $1,500 in purchases each quarter.
  • Discover will automatically match all of the cash back you earn in your first year for new cardholders. So the purchases you earn 5% cash back on will also get an unlimited match.
  • These perks combine to give the card the highest cash back potential I've seen.
  • On top of that, you'll pay 0% interest until 2024 on both purchases and balance transfers -- that's 15 months of a 0% intro APR. The go-to variable rate applies after the intro period.
  • No annual fee
  • Click APPLY NOW to apply today
Long 0% Intro APR
Rating image, 5.00 out of 5 stars.
5.00 stars
Info Icon Circle with letter I in it. 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.
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Credit Score:
Good/Excellent (670-850) Info Icon Circle with letter I in it. 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.

Apply Now for Discover it® Cash Back

On Discover's Secure Website.

Offer Alert

Discover will automatically match all the cash back you’ve earned at the end of your first year!

Rewards Info Icon Circle with letter I in it. 5% cash back at different places each quarter up to the quarterly maximum when you activate. 1% unlimited cash back on all other purchases - automatically

1% - 5% Cashback

Welcome Offer Info Icon Circle with letter I in it. Discover will match all the cash back you’ve earned at the end of your first year.

Cashback Match

Intro APR

Purchases: 0%, 15 months

Balance Transfers: 0%, 15 months

Regular APR

15.74% - 26.74% Variable APR
    • INTRO OFFER: Unlimited Cashback Match – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! There’s no minimum spending or maximum rewards. You could turn $150 cash back into $300.
    • Earn 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, and gas stations, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases - automatically.
    • Discover helps remove your personal information from select people-search websites. Activate by mobile app for free.
    • Every $1 you earn in cash back is $1 you can redeem.
    • Get a 0% intro APR for 15 months on purchases. Then 15.74% to 26.74% Standard Variable Purchase APR applies, based on credit worthiness.
    • No annual fee.
    • Click "Apply Now" to see terms and conditions.
Discover it® Cash Back
Apply Now for Discover it® Cash Back

On Discover's Secure Website.

So what can this actually add up to in the real world? We calculate that cardholders can secure $1,306 alone from the first-year bonus and premium cash back. (See how below.) Not a bad return on investments for the 2-minute application process!

Why we rate this as a top cash back card

0% intro APR for 15 months for purchases -- on top of the high cash back rate, this card also features a very competitive 0% intro APR offer. This can be a smart way to finance larger purchases, or simply if you find yourself in a temporary bind and want to avoid interest until 2024.

0% intro APR for balance transfers -- The same length 0% intro APR for 15 months applies for balance transfers. If you have credit card debt, you can transfer it to this card to avoid interest charges for well over a year on that transferred balance. Plus, you could use the cash back you earn from the card to help pay off any previous debt.

Earn up to 5% cash back -- Cardholders earn 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, gas stations, up to the quarterly maximum of $1,500 on purchases and when you activate. Category activation is easy: Discover will send you an email before each quarter, and then you simply activate with one click. All other purchases earn 1% cash back.

Unlimited Cashback Match sign-up bonus -- This is my favorite perk of the card, and one that is unique and highly valuable. Discover will automatically match all the cash back you’ve earned at the end of your first year for new cardholders, which can help lead to a truly incredible amount of cash back in your pocket.

$0 annual fee -- Credit cards packed with valuable features tend to charge a high annual fee, but not this card.

Suggested credit score

When you apply for Discover it® Cash Back you should have a high likelihood for approval with good to excellent credit and a FICO® Score of at least 670. Carrying a lower score can potentially earn you approval but the lower your credit score, the less likely approval is. If you’d like some tips on increasing your credit score above 670, see this page.

There's a right way to swipe

Credit cards with rewards and 0% intro APR offers are excellent, but remember, they are a tool to help you get the most out of your spending. The Ascent motto to follow:

  • Pay off your card in full each month
  • Choose a card whose rewards are a good fit for you.
  • Don't spend more than you already would.

Follow this and you'll be making your money work overtime for you. Live richly, not risky.

How to secure $1,306 of value

You'll be hard-pressed to find a no-annual-fee cash-back card that offers as much value as this card. That's because of the combination of the card's lucrative 5% cash rewards program, cash back match in the first year, a long list of secondary perks, and cutting fees. Here's how the value adds up:

  • Earn $600 in bonus categories — You can receive $600 cash back in the first year by maxing out 5% categories. Many cardholders won't have a problem maxing out the $1,500 spending cap each quarter for 5% categories. You'll earn $300 in this case, plus $300 from Discover for your cash back match in the first year.
  • You can also earn $706 cash back in the first year in 1% categories — The average American budget* would result in earning $353.45 cash back each year in 1% categories, and remember that Discover will match this amount in the first year for a total amount of $706.

These categories alone tally up to $1,306 worth of value. Keep in mind that the value for many cardholders could be far higher, given the card doesn't include an annual fee, doesn't charge a foreign transaction fee, and you can avoid interest charges for 15 months on purchases and balance transfers.

Final take

Simply put, Discover it® Cash Back is among the best cash-back cards I've come across.

Depending on what card is in your wallet today, there’s a high chance the Discover it® Cash Back card is a more lucrative upgrade -- and it could especially be an upgrade over debit cards, which have far worse fraud protections than credit cards and usually no rewards.

This card is a fantastic option for those looking for truly elite cash back potential or for a lengthy intro period of 0% interest (or both!). The fact that you get all of this for no annual fee makes the card a no-brainer for many consumers, in my opinion. These are all reasons why this card earned a spot in my wallet, and why I use it regularly.

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