Learn how to apply for the Discover it® Cash Back Credit Card
If you're searching for cash back, this card will likely be suitable for your needs. You have the opportunity to earn 5% cash back rewards at specific locations during various times of the year!
Discover it® Cash Back Credit Card: How to Apply and Maximize Your Benefits
If you’re interested in a credit card with excellent cash back rewards, look no further than the Discover it® Cash Back Credit Card. With its impressive benefits and cash back opportunities, it’s time for you to apply and start making the most of your shopping experiences.
One of the best things about the Discover it® Cash Back Credit Card is that it comes with no annual fee, allowing you to enjoy all its features without any extra costs.
Once you’re approved for the Discover it® Cash Back Credit Card, you’ll find it incredibly easy to use. Discover is accepted at 99% of locations that accept credit cards nationwide, making it highly convenient no matter where you shop.
After getting your card, start collecting your cash back rewards right away.
Here’s what you can expect with the Discover it® Cash Back Credit Card:
- 0% Intro APR for 15 months on purchases and balance transfers
- 3% Intro Balance Transfer Fee until February 10, 2023
- Standard Variable Purchase APR of 14.99% to 25.99% after the intro period ends
- Up to 5% fee for future balance transfers
The cash back rewards on the Discover it® Cash Back Credit Card vary each quarter. Here are the categories where you can earn 5% cash back:
- Grocery Stores and Fitness Club & Gym Memberships
- Gas Stations and Target
- Restaurants and PayPal
- Amazon.com and Digital Wallets
For all other purchases, you’ll earn $1 cash back for every $1 spent.
On top of these rewards, the Discover it® Cash Back Credit Card offers additional benefits such as Online Privacy Protection, Free Social Security number alerts, a $0 Fraud Liability Guarantee, and the ability to turn your account on/off with Freeze it feature.
And the best part? Your Discover it® cash back rewards never expire!
Eligibility for the Discover it® Cash Back Credit Card
While the Discover it® Cash Back Credit Card offers numerous advantages, it’s essential to understand that it’s not suitable for everyone. To have a good chance of being approved for this card, you generally need a credit score between 670 and 850, which falls within the range of good to excellent credit.
If your credit isn’t in this range yet, it’s worth focusing on credit-building first. There are various credit cards designed for this purpose that can help you improve your creditworthiness. At the end of this article, we will suggest a card that specifically caters to your needs.
How to Apply for the Discover it® Cash Back Credit Card
To apply for the Discover it® Cash Back Credit Card, simply visit Discovery’s official website and click on the “Apply Now” button.
The application process is straightforward. Fill out the required form and wait for a response regarding your financial profile’s compatibility with the Discover it® Cash Back Credit Card’s criteria.
One interesting aspect of this card is that you can start earning cash back on every purchase right after getting approved, even before receiving your physical card.
Should You Apply for the Discover it® Cash Back Credit Card?
If you’re looking for a rewards card with no annual fee and the potential to earn high rewards in specific spending categories, the Discover it® Cash Back card might be the perfect option for you.
By keeping a close eye on the quarterly 5% cash back categories, you can make the most of your shopping experiences with this card. It’s an excellent entry point into the world of rewards-earning credit cards.
Now that you’re aware of its benefits, it’s time to order your Discover it® Cash Back Credit Card and start maximizing your cash back rewards.
Discover it® Cash Back Credit Card vs. Credit Builder Secured Visa Credit Card
The Discover it® Cash Back Credit Card and the Credit Builder Secured Visa Credit Card serve different purposes and target customers with contrasting financial profiles.
As we’ve discussed, the Discover it® Cash Back Credit Card requires good to excellent credit. On the other hand, the Credit Builder Secured Visa Credit Card is designed for individuals with poor credit who are looking to improve their financial situation by responsibly building their credit over time.
If your credit isn’t in good shape but you’re interested in the cash back policy of the Discover it® Cash Back Credit Card, consider making the Credit Builder Secured Visa Credit Card your first step towards improving your credit.
Here are some key strengths of each card:
Discover it® Cash Back Credit Card pros:
- Earn 5% cash back on everyday purchases at different places each quarter
- Earn 1% cash back on all other purchases
- No annual fee
- $0 Fraud Liability Guarantee
- 100% U.S.-based customer service, available 24/7
Credit Builder Secured Visa Credit Card pros:
- Set your own credit limit
- No application fee
- No over-limit fee
- Accepts poor credit
