Discover It Cash Back Review With Pro And Cons – 21 Points

1. This is best card for everyday use or as part of multi card reward maximizing strategy if you don’t mind keeping track of bonus category changing every quarter.

Pros

Cons:

Rotating categories

Flat rate card may be better for you if you don’t like keeping track of bonus categories.

Redeem at any time

Slightly less accepted in us

Redeem as gift cards, donations, credit to your account, direct deposit into any account, payment at select retailers

Acceptance outside us is issue.

0% intro apr on purchase and balance transfer

Little Travel Protections

Match cash back:

Few Purchase Protection Benefits

Discover it will match all cash back you have earned at end of first year.

5% cash back is limited to $1,500 in purchases

Low fee:

Enrollment required

0 annual fee

 

No foreign transaction fees

 

No minimum redemptions

 

Free FICO® Score

 

2. Intro Apr for Purchase And Balance Transfer:

0% for 14 months

3. Annual Fee:

$0

4. Regular APR:

14.24% – 25.24% Variable

5. Credit Needed:

Good/Excellent 670- 850

6. Reward Rate:

Earn 5% cash back in rotating categories each quarter up to the quarterly maximum (currently $1,500) each time you activate.
Earn 1% cash back on all other purchases, with no limit on how much you can earn.

7. Intro Bonus:

Matches cash back at end of first year of card membership on all cash back earned.

8. Annual Fee:

$0

9. Other Benefits:

Free FICO credit score
Account freezes
No fee for first late payment
No foreign transaction fee

10. Go for Discover It Cash Back:

If you want to maximize cash back without paying annual fee.
If you are planning to make large purchase using promotional apr.
If you are interested in quality customer service.
If you don’t mind enrolling bonus categories each quarter to earn 5 % cash back.

11. Balance Transfer Fee:

3% intro balance transfer fee, up to 5% fee on future balance transfers

12. Max Late Fee:

$39

13. Cash Advance Fee:

5% (min $10)

14. Cash Advance Apr:

27.24% (V)

15. Max Penalty Apr:

None

16. Discover bonus rewards categories for 2019:

Q1 (Jan. 1 – March 31):
Grocery stores
Q2 (April 1 – June 30):
Gas stations
Uber and Lyft
Q3 (July 1 – Sept. 30):
Restaurants
PayPal
Q4 (Oct. 1 – Dec. 31):
Amazon.com
Target (in store and online)
Walmart.com

17. Customer Experience:

24/7 customer service?:
Yes
Online chat available?:
Yes
Google Play Store mobile app rating:
4.6/5
Apple Store mobile app rating:
4.8/5

20. The Discover It cash back Card is hard to beat with a high 5% cash back and no annual fee.

21. 0 percent intro APR on both purchases and balance transfers for 14 months with discover it cash back will make you happy.

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