Apply for Discover it Cash Back Credit Card Step-by-Step Guide
Are you ready to uncover the potential savings hidden in your everyday spending? The Discover it Cash Back Credit Card might just be your ticket to earning back with your routine purchases. Known for its rewarding cashback program, this card is a favorite among savvy shoppers looking to maximize their financial game effortlessly. By simply using it for your everyday purchases, you can enjoy a generous 5% cashback on rotating categories each quarter, including popular spots like grocery stores, restaurants, gas stations, and even Amazon.com, up to the quarterly maximum.
Even beyond these specific categories, you’ll earn 1% unlimited cashback on all other purchases, making every swipe a step towards rewarding returns. Plus, with features like no annual fee and the opportunity to match all the cashback you’ve earned at the end of your first year, it’s designed to put money back into your pocket as you go about your day-to-day life. Let’s delve deeper into how applying for this card can transform the way you spend.
Benefits of the Discover it Cash Back Card
1. Unlimited Cash Back Matching
One of the standout features of the Discover it Cash Back Card is its unique offer of matching all the cash back you’ve earned at the end of your first year, automatically. This means, if you earn $200 in cash back during your first year, you’ll actually get $400. This benefit requires no additional action from you; simply use your card and keep track of your rewards.
2. 5% Cash Back in Rotating Categories
The card gives you 5% cash back on up to $1,500 in purchases each quarter in various rotating categories like gas, groceries, and dining. To maximize this benefit, plan your major purchases around these categories. Remember to activate the 5% cash back each quarter to make sure you’re getting the full reward.
3. No Annual Fee
With the Discover it Cash Back card, you don’t have to worry about paying an annual fee just for the privilege of using their card. This can save you a significant amount over time compared to other cards that charge upwards of $95 annually. Ensure you review your statement regularly to fully appreciate the savings that come with this benefit.
4. Zero Fraud Liability
Your security is a priority with the Discover it Cash Back card. If your card is lost or stolen, Discover has zero fraud liability protection, meaning you’re not responsible for unauthorized purchases. As a proactive measure, always report any suspicious activity immediately and regularly monitor your account for any inconsistencies.
5. Flexible Redemption Options
Redeeming your cash rewards is easy and flexible. You can apply your rewards as a statement credit, use them on Amazon.com when you check out, or even redeem them for gift cards. This versatility allows you to use your rewards in a way that best suits your financial situation. Consider planning your redemption around larger expenses to alleviate budget demands.
SIGN UP TO GET YOUR DISCOVER IT CASH BACK
| Category 1 | Category 2 |
|---|---|
| Cash Back Rewards | Receive 1% back on all purchases and 5% back on specific categories like grocery stores, gas stations, and more. |
| No Annual Fee | Keep your money in your pocket with a no-fee structure, allowing for greater savings without hidden costs. |
This table highlights the main advantages of the Discover it Cash Back card, showcasing valuable features that can benefit cardholders. The rewards system ensures you always gain something back from your spending, and the absence of an annual fee means you can enjoy your card without financial penalties, making it an attractive option for savvy consumers.
Key Requirements for Applying to Discover it Cash Back
- Minimum Credit Score: To increase your chances of approval, aim for a good credit score, generally around 670 or higher. This reflects your financial reliability and responsibility in handling previous credit lines.
- Minimum Income: While Discover does not state a specific income requirement, having a stable and sufficient income is essential. Lenders typically examine your ability to manage payments, so ensure your income reflects potential to handle credit responsibly.
- U.S. Residency: Applicants must be legal U.S. residents with proof of residency. This allows the company to evaluate your financial history and eligibility effectively.
- Age Requirement: You must be at least 18 years old to apply. This ensures a level of maturity and ability to enter into a legal agreement regarding credit usage.
- Documentation: Prepare standard identification and financial documents, such as your Social Security number and employment information, to support your application process. These documents help Discover assess your financial status efficiently.
SIGN UP TO GET YOUR DISCOVER IT CASH BACK
How to Apply for the Discover it Cash Back Credit Card
Step 1: Visit the Official Discover Website
To begin your application for the Discover it Cash Back Credit Card, start by visiting the official Discover website. Navigate to the credit cards section where you will find comprehensive information about the Discover it Cash Back Card. Carefully review the card details, benefits, and terms to ensure it fits your financial needs.
Step 2: Click on ‘Apply Now’
Once you have decided to proceed, look for the ‘Apply Now’ button on the Discover it Cash Back page. Clicking this button will redirect you to the application form. At this point, make sure you have personal information on hand, such as your Social Security number, income details, and employment information, to help streamline the application process.
Step 3: Fill Out the Application Form
Complete the online application form by carefully filling in the required fields. It’s crucial to double-check the accuracy of the information to avoid any delays in processing. Provide all pertinent details honestly, as this will help Discover in evaluating your creditworthiness effectively.
Step 4: Submit Your Application
After thoroughly reviewing your application for any errors, you are ready to submit it. Dispatch your application by clicking on the final ‘Submit’ button. Shortly after, you’ll receive an acknowledgment from Discover confirming they have received your application and are reviewing it.
Step 5: Receive Your Approval
Once your application is processed, you will be informed of the decision. If approved, you will receive your Discover it Cash Back Credit Card by mail along with instructions on how to activate it. Approval times may vary based on individual credit profiles, so be sure to keep an eye on your email or mail for the final decision.
VISIT THE WEBSITE TO LEARN MORE
Frequently Asked Questions About the Discover it Cash Back Credit Card
How does the cash back program work with the Discover it Cash Back card?
The Discover it Cash Back card offers a 5% cash back on up to $1,500 in purchases in rotating categories each quarter you activate. These categories may include things like gas stations, restaurants, grocery stores, or even Amazon.com purchases. After reaching the $1,500 limit, or on all other purchases, you will earn a 1% cash back. The best part is, at the end of your first year, Discover matches all the cash back you earned, automatically doubling your rewards.
Are there any annual fees or hidden charges with the Discover it Cash Back card?
No, the Discover it Cash Back card prides itself on transparency and does not have an annual fee. Additionally, there are no hidden fees, and there is no charge for redeeming your cash back. However, if you miss a payment or make a late payment, a late fee could apply after the first missed payment, so it’s always best to pay on time to avoid extra charges.
What is needed to redeem the cash back rewards from this card?
Redeeming your cash back is a straightforward process. You can opt to receive your cash back as a statement credit to lower your balance or get it directly deposited into your bank account. Discover allows you to start redeeming at any amount, even as little as $1, making it flexible for your financial needs. The rewards don’t expire, as long as your account is open and in good standing.
Is the Discover it Cash Back card widely accepted?
Yes, the Discover it Cash Back card is widely accepted across the United States and internationally. While it’s always a good idea to carry a backup payment method when traveling, Discover has worked hard to expand its acceptance and is now accepted at 99% of places that take credit cards according to the February 2023 NILSON REPORT.
Does the Discover it Cash Back card offer any additional benefits?
Yes, apart from its attractive cash back rewards, the card includes several additional benefits such as a free access to your FICO® credit score through your online account to help you stay on top of your credit. Furthermore, it offers protection features like zero-dollar fraud liability, where you won’t be held responsible for unauthorized purchases on your card.
