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
- 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.
- 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
- Statement credit no minimum amount to qualify
- Direct deposit to your bank account
- Use on purchases at Amazon.com
- Buy featured gift cards at discounts
- 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