How to Apply for Discover it Cash Back Credit Card Step-by-Step Guide

Unlocking the potential of your everyday spending is easier with a card that rewards you. The Discover it Cash Back Credit Card offers a unique opportunity to earn generous rewards with 5% cash back on rotating categories each quarter and unlimited 1% cash back on all other purchases. It’s designed to fit seamlessly into your financial routine, ensuring that you get the most out of your transactions.

Applying for this card is a straightforward process that can pave the way for numerous benefits. With no annual fee and a strong introductory APR offer for balance transfers and new purchases, it provides an enticing option for savvy spenders. Additionally, the card’s user-friendly features, including free FICO score access and fraud protection, further enhance its appeal. Delve into the essential steps to apply and take advantage of these outstanding financial benefits today.

Benefits of the Discover it Cash Back Credit Card

1. Generous Cash Back Rewards

The Discover it Cash Back credit card offers a competitive rewards program with 5% cash back in rotating categories each quarter like grocery stores, restaurants, gas stations, and online shopping (up to the quarterly maximum each time you activate). Additionally, cardholders earn 1% cash back on all other purchases.

2. Cash Back Match Program

An exclusive benefit for new cardholders is Discover’s automated Cash Back Match program. At the end of the first year, Discover will match all the cash back you’ve earned dollar-for-dollar, with no limit to how much is matched. This feature essentially doubles your earnings for the first 12 months and can significantly enhance your rewards if you plan and maximize your spending in 5% categories.

3. No Annual Fee

One of the standout benefits of the Discover it Cash Back card is that it charges no annual fee, making it an attractive option for individuals who want to earn rewards without the burden of additional costs. This helps cardholders retain more of their cashback earnings, effectively increasing the net benefit of using the card.

4. 0% Intro APR Period

For new cardholders, there’s a valuable introductory offer of 0% APR on purchases and balance transfers for 15 months. This benefit allows users to finance large purchases or manage debt more effectively without incurring interest charges, provided the balance is paid off within the promotional period. It’s important to be mindful of the post-introductory rate, which reverts to a variable rate, depending on creditworthiness.

5. FICO Credit Score for Free

The Discover it Cash Back card also promotes financial health by providing cardholders access to their FICO credit score for free. Regular access to your credit score can aid in monitoring your financial status, teaching you more about key credit factors, and helping you make informed decisions to improve your credit over time.

LEARN MORE DETAILS ABOUT DISCOVER IT CASH BACK

The “Discover it Cash Back” card provides a compelling mix of rewards and benefits tailored for savvy consumers. Among its standout features is a significant cash back program that offers 1% on most purchases, and lucrative 5% returns on rotating categories such as groceries, gas, and dining, encouraging strategic spending. This structure not only incentivizes users to engage in planned purchasing but also maximizes their rewards potential through careful selection of eligible categories.Additionally, the introductory offer of a cash back match after the first year can lead to substantial savings for new cardholders. For example, if one earns $300 in cash back rewards during the first year, Discover will match that amount, effectively doubling their first year’s rewards. This makes the “Discover it Cash Back” card particularly appealing for those looking to maximize their financial returns through everyday spending, making it a prudent choice for cash-conscious consumers. In a market where competition among cash back credit cards is intensifying, the “Discover it Cash Back” presents a compelling case for retention and customer satisfaction by providing tangible benefits that resonate with a wide audience.

Key Requirements for Discover it Cash Back Credit Card

• Credit Score: Applicants typically need a good to excellent credit score, generally considered to be in the range of 670 to 850. This indicates a positive credit history with timely payments and low credit utilization.
• Age: To apply, you must be at least 18 years old, or 21 if you’re a permanent resident of Puerto Rico.
• Income: While Discover does not explicitly state a minimum income, applicants should demonstrate a stable income that assures creditors of their ability to manage a credit card responsibly.
• Identity Verification: Applicants must provide valid identification documents, such as a Social Security number or an Individual Taxpayer Identification Number (ITIN), to verify their identity.
• Residence: You must be a U.S. resident with a valid address. Temporary residents or those with non-permanent visa statuses may not be eligible.
• Existing Debts: While not a fixed requirement, lower existing debts relative to your income typically improve approval chances as it reflects better financial health and creditworthiness.

SEE HOW TO GET YOUR DISCOVER IT CASH BACK

How to Apply for Discover it Cash Back Credit Card

Step 1: Visit the Discover Website

To initiate the application process for the Discover it Cash Back credit card, start by accessing the official Discover website. Open your preferred web browser and navigate to the Discover credit cards section at Discover.com. It’s crucial to ensure you are on the legitimate site to protect your personal information.

Step 2: Understand the Card’s Benefits and Terms

Before proceeding, take the time to thoroughly review the available information on the Discover it Cash Back credit card. Pay close attention to its key features, such as the cash back rewards program, introductory 0% APR period, and any associated fees. Understanding these terms will help you make an informed decision based on current financial trends and practices.

Step 3: Complete the Online Application Form

Once you have familiarized yourself with the card’s benefits, click on the option to ‘Apply Now’ on the Discover website. Fill out the online application form by providing detailed and accurate information, including your personal details, employment information, and financial status. Ensure all the information is correct to avoid delays in your application process.

Step 4: Review and Submit Your Application

After completing the application form, take the time to review all the details you have entered. This step is crucial for ensuring accuracy and completeness. Once everything is verified, submit your application by clicking the appropriate button on the website.

Step 5: Await Approval Decision

After submission, the approval process will begin. The time it takes to receive a response can vary, but Discover usually provides quick decisions on most credit applications. Be sure to keep an eye on your email for any notifications regarding the status of your application.

Email Confirmation: You will receive an email confirmation once your application is processed. This confirmation will notify you of your approval status and any further steps required.

GET YOUR DISCOVER IT CASH BACK THROUGH THE WEBSITE

Frequently Asked Questions about Discover it Cash Back

What are the key features of the Discover it Cash Back credit card?

The Discover it Cash Back credit card offers several attractive features that cater to a wide range of consumers. It provides a 5% cash back on rotating quarterly categories such as groceries, gas stations, restaurants, and online shopping (up to the quarterly maximum after activation). Additionally, you earn 1% cash back on all other purchases. As an introductory offer, Discover matches all the cash back earned at the end of your first year, which can significantly boost your rewards earnings.

How does the Discover it Cash Back rotating category system work?

Each quarter, Discover features specified categories where cardholders can earn 5% cash back on purchases, up to a cap of $1,500 per quarter, equating to a potential $75 in cash back. To benefit from this, cardholders must activate their 5% rewards each quarter. Categories vary and frequently align with seasonal spending trends, making it important to plan purchases accordingly to maximize rewards potential.

Is there an annual fee for the Discover it Cash Back credit card?

No, there is no annual fee for the Discover it Cash Back credit card. The absence of an annual fee makes it appealing to budget-conscious consumers who are looking to maximize their credit card rewards without incurring extra costs for ownership.

What are the interest rates for the Discover it Cash Back credit card?

The Discover it Cash Back card offers an introductory APR of 0% on purchases and balance transfers for the first 15 months. After the introductory period, the APR for purchases and balance transfers ranges from 16.24% to 27.24% variable, depending on your creditworthiness. It’s crucial for cardholders to stay aware of these rates, especially after the promotional period ends, to ensure debt is managed effectively.

Does the Discover it Cash Back card have foreign transaction fees?

One of the advantages of the Discover it Cash Back card is that it charges no foreign transaction fees. This makes it an ideal option for cardholders who travel internationally or make frequent purchases from foreign retailers, as it helps avoid additional costs typically associated with transactions made outside the United States.

Linda Carter

Linda Carter is a writer and financial expert specializing in personal finance and financial planning. With extensive experience helping individuals achieve financial stability and make informed decisions, Linda shares her knowledge on the our platform. Her goal is to empower readers with practical advice and strategies for financial success.