Discover It Cash Back Credit Card

Great Discover It 5% rebate categories starting October 1

From October 1 to December 31 Discover cardholders earn 5% cash back rewards:

  • Amazon.com
  • Target stores and Target.com

There is a $1,500 max spend for the 5% rebate program. Amounts over that get only 1% rewards, which limits the extra cash back to no more than $120 per quarter. But that can add up to a bonus of $480 for the first year.


New Account Incentives

  1. Get 0% financing on all your purchases for 15 months from the date of account opening to help spread out the bill for a large purchase, plus the rewards.
  2. For new account holders Discover matches cash back rebates at the end of your first year, that’s up to 10% cash back (limits apply).

Note: if the account is closed before 12 billing cycles complete, there will be no match.


How to redeem your rewards

  1. Statement credit no minimum amount to qualify
  2. Direct deposit to your bank account
  3. Use on purchases at Amazon.com
  4. Buy featured gift cards at discounts
  5. Donate to participating charities

Discover it Credit Card Benefits

  • Get cash over on your purchases, without ATM fees, at select retail locations, such as Food Lion, Harris Teeter, Walmart
  • 24/7 U.S. based customer service
  • Should you lose your card, you can freeze your account in seconds with an on/off switch with the Discover App on your smartphone or the discovercard website
  • $0 fraud liability guarantee on unknown purchases
  • Free monthly FICO scores to monitor your credit rating
  • Text alerts on account activity
  • Free Social Security number and new account alerts in case of unauthorized access
  • Automatic payments available so you never miss a payment
  • Paperless statement option
  • Year-end expense report and summary

The fine print (subject to change)

  • No annual fee
  • No foreign transaction fee
  • No interest if balance paid in full with 25 days
  • Regular purchase APR 17.74% to 27.74%
  • Fee for balance transfer: 5% ($5 min)
  • Fee for cash advance: 5% ($10 min)
  • Fee for late payment: $0 first time; $40 after that
  • Fee for returned payment: up to $40
  • Fee for going over credit limit: none

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