Discover It Cash Back Credit Card Review

If you're looking for a simple, fee-free credit card with a lucrative cash back rewards program, the Discover It Cash Back credit card is a good option. The card features 5% cash back rates on rotating quarterly categories and 1% cash back on everything else. Plus, cardholders earn an automatic 2x cash back match at the end of their first year.

What is the Discover It Cash Back credit card?

The Discover It Cash Back credit card is a rewards credit with great benefits. The card has no annual fee. In addition to cash back also comes with plenty of other perks, like $0 fraud liability, excellent customer service, and the ability to freeze your account.

How does the Discover It Cash Back credit card work?

To qualify for this card, you'll need to have good to excellent credit. In general, the lender looks for a credit score of at least 690. To sign up for the card, you'll need to fill out an application online.
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You'll need to provide information, including your name, address, and social security number, as well as your employment status, monthly housing payment, and total gross income. You can also pick out your card design from a list of 25 different options.
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Once you submit your application, your application may be approved instantly. If you're not lucky enough to get instant approval, you'll likely hear back from Discover with the results of your application in a few weeks.

How much does the Discover It Cash Back credit card cost?

This credit card is free to use and charges no annual fee. That said, there are a few other fees and interest rates associated with the card. After a 0% intro APR for the first 14 months, the card comes with a variable APR of 11.99% to 22.99% on purchases. Your first late payment doesn't incur a fee, but the card charges up to a $40 late fee or returned payment fee after that. There is no penalty APR and no foreign transaction fees.

Discover It Cash Back credit card features

The Discover It Cash Back credit card has plenty of handy features that make it an attractive everyday rewards card for borrowers.

Cash back rewards

One of the biggest draws of this card is the lucrative cash back earning potential. The card offers 5% cash back on categories that change each quarter. For example, the cash back calendar for 2021 includes:
  • 1st quarter: Grocery Stores, Walgreens, and CVS
  • 2nd quarter: Gas Stations, Wholesale Clubs, and Select Streaming Services
  • 3rd quarter: Restaurants and PayPal
  • 4th quarter: Amazon.com, Walmart.com, and Target.com
The Discover It Cash Back offers a flat rewards rate of 1% cash back on all other purchases, with no spending cap. While the card doesn't have a sign-up bonus, you get unlimited dollar-for-dollar match cash back bonus of all the cash back you've earned at the end of your first year. Rewards never expire, and you can exchange them for money, a statement credit card, gift cards, or use them when shopping with Amazon or PayPal.

No annual fee

Unlike many rewards credit cards, this card charges no annual fee. This makes it an affordable option for borrowers who may not want to pay for a credit card. The $0 annual fee also makes it a good fit for borrowers who may not spend a lot using a credit card, but who still want to earn cash back on the purchases they do make.

Security features

The Discover It Cash Back credit card comes with plenty of security features to ensure that your account stays safe and protected. This includes a free social security number alert, purchase protection, $0 fraud liability for unauthorized purchases, and the ability to freeze your card to prevent new purchases, cash advances, and balance transfers.

Customer service

This card also comes with excellent customer service. Customers have access to 24/7 U.S.-based customer service. If you lose your card, you can also request free overnight shipping to replace it. The card also comes with a free FICO credit score to help you keep track of your credit score and make the right financial moves, and you can track spending and rewards in the Discover mobile app.

Who is Discover It Cash Back credit card best for?

People looking for an everyday spending credit card. The Discover It Cash Back credit card is designed to reward everyday spending, with a flat 1% cash back rate in addition to rotating bonus spending categories. If you don't spend a lot on any one particular type, like travel or groceries, but instead want a rewards credit card that earns cash back on every purchase, then this card is a good fit.
People interested in a fee-free card. While many high-end rewards credit cards charge hefty annual fees, the Discover It Cash Back credit card features a $0 annual fee. This makes it an affordable option for borrowers at all income and spending levels.

Who shouldn't use the Discover It Cash Back credit card?

People who travel frequently. If you're a frequent traveler and want to make the most of your spending with a travel-focused rewards credit card, this probably isn't the best card for you. Other rewards card feature travel perks like free airfare and TSA precheck credits, airport lounge access, and more.
People with poor credit. Unfortunately, Discover doesn't usually accept applicants for this credit card who have scores below 690. If you're interested in a Discover credit card but are still working on raising your score, consider applying for a secured credit card like the Discover It Secured.

Pros & cons

Pros
  • Lucrative cash back rates: Borrowers can earn 5% cash back on rotating quarterly categories and 1% cash back on everything else.
  • No annual fee: With a $0 annual fee, this card is affordable for all borrowers.
  • Added perks: The card comes with extras, including a 2x cash back match at the end of the first year and access to a free FICO credit score.
Cons
  • Limited travel rewards: The card doesn't come with many special rewards or perks for frequent travelers.
  • Rotating categories: While the rotating categories are a perk for some, if you find yourself consistently spending a lot of money in an area like groceries or gas, there might be more lucrative cards out there for you.
  • Low flat rate: While 1% cash back on all purchases is nothing to sneeze at, some cards have a higher flat rate of 1.5% or even 2%.

Discover It Cash Back credit card vs. competitors

BankRewardsAnnual FeeWelcome Bonus
Discover It Cash Back5% cash back on rotating categories, 1% cash back on everything else$0None
Chase Freedom Flex5% cash back on rotating bonus categories, 5% cash back on travel purchased through Chase Ultimate Rewards, 3% cash back on dining and drugstores, 1% cash back on everything else$0$200
Chase Sapphire Preferred5x points on travel purchased through Chase Ultimate Rewards, 2x points on travel purchases, 3x points on dining, groceries, and select streaming services, 1x points on everything else$95100,000 bonus points
Citi Double Cash Card2% cash back$0None
American Express Blue Cash Preferred6% cash back on groceries and streaming, 3% cash back on transit and gas, 1% cash back on everything else$0 for the first year, then $95$200 to $400

Chase Freedom Flex

Like the Discover It Cash back credit card, the Chase Freedom Flex card is a lucrative cash back credit card with rotating bonus categories. The card comes with 5% cash back on rotating categories that cardholders can choose from. It also earns 5% cash back on travel purchased through Chase Ultimate Rewards, 3% cash back on dining and drugstores, and 1% cash back on everything else. With no annual fee, this card is another similar cash back credit card with even more earning potential.

Chase Sapphire Preferred

The Chase Sapphire Preferred earns points instead of cash back, but can be just as lucrative when used correctly. The card earns 5x points on travel purchased through Chase Ultimate Rewards, 2x points on travel purchases, 3x points on dining, groceries, select streaming services, and 1x points on everything else. The card comes with an annual fee of $95 and features an impressive welcome bonus of 100,000 bonus points.

Citi Double Cash Card

Want to earn cash back, but don't want to worry about categories, spending limits, or other requirements? Then the super-simple Citi Double Cash Card could be a great fit for you. The card earns a flat rate of 2% cash back on all purchases: 1% when you make a purchase, and an additional 1% when you pay it off. There's no annual fee for this card.

American Express Blue Cash Preferred

For borrowers who spend many groceries and gas, the American Express Blue Cash Preferred card is an attractive option. The card earns 6% cash back on groceries and streaming, 3% cash back on transit and gas, and 1% cash back on everything else. There's no annual fee for the first year but a $95 fee per year after that. The card does come with a welcome bonus of $200, plus up to an additional $200 back on purchases made through Amazon in the first six months.

FAQs

Do Discover It Cash Back rewards expire?
Cash back rewards never expire, and you can redeem them anytime.
How does the CashBack Match work?
New card members automatically receive an unlimited dollar-for-dollar match of all the cash back they've earned during their first year. For example, if you've made $100 in cash back, you'll receive an additional $100 from Discover.
What credit score do I need for this card?
Aim for a credit score of at least 690 before you apply. If your credit score is close to this threshold, consider holding off applying until you raise your score by a few additional points.
Can I transfer a balance to this card?
You can transfer a balance to the Discover It Cash Back credit card, but it comes with a 3% Intro Balance Transfer Fee. There's an intro balance transfer rate of 0% APR for the first 14 months. After that, the regular APR is 11.99% to 22.99% on both transferred balances and new purchases.

The bottom line

The Discover It Cash Back credit card is a great cash back card for borrowers looking for a rewards credit card for everyday spending. This card makes it easy to earn cash back on all purchases with rotating bonus categories and an unlimited 1% cash back flat rate. There's no annual fee, and borrowers are even eligible for a CashBack Match at the end of the first year.
If you travel frequently or have a concentrated amount of spending in one particular category, like groceries, then this card might not be the best fit for you. That said, if you're looking for an all-around cash back card with no fee, the Discover It Cash Back credit card is a good choice.
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