Discover it® Cash Back
- APR
- 17.49% – 26.49%
- Annual Fee
- $0
- Rewards
- Up to 5.0%
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Our Verdict
The Discover it® Cash Back card offers a solid rewards structure, especially for those who can maximize the rotating categories. However, it may not be the best choice for those who prefer a straightforward cash back option without the need to track categories.
Pros
- 5% cash back on rotating categories each quarter
- 1% cash back on all other purchases
- No annual fee
- Cashback Match for first year doubles your rewards
Cons
- Rotating categories require attention to maximize rewards
- Variable APR can be high after introductory period
- Cash advance fees can be steep
The Discover it® Cash Back credit card stands out in a crowded market by offering an appealing 5% cash back on rotating categories, which change quarterly. This feature is particularly beneficial for those who can keep track of the categories and adjust their spending accordingly, with examples including grocery stores and restaurants. The added incentive of a Cashback Match for the first year effectively doubles the cash back earned, making it a strong option for new cardholders.
However, the card does come with its caveats. The rotating categories can be a drawback for users who prefer a more straightforward cash back structure, as it requires regular monitoring. Additionally, the variable APR can climb significantly after the initial period, which may not be ideal for those who carry a balance.
Compared to other cash back cards, the Discover it® Cash Back card excels in its rewards for specific categories but lacks the simplicity of flat-rate cash back cards. Overall, it is a solid choice for savvy shoppers willing to engage with the program.
Watch Out
Be mindful of the rotating categories and potential APR increases after the introductory period.
Best For
Ideal for consumers who frequently shop in the selected 5% categories and want to earn cash back without an annual fee.
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