Discover IT Cash Back Review USA

Discover IT Cash Back

This article explains all you need to know about Discover IT Cash Back.

Is the Discover it Cash Back Card right for you? 

The Discover it® Cash Back is a wonderful option for earning cash-back rewards without an annual fee. When activated, the card pays 5% cash back in popular quarterly bonus categories on up to $1,500 in combined expenditure (then 1 percent ). From April 1 to June 30, 2022, you can receive 5% cash back at gas stations and Target on up to $1,500 in purchases, then 1% anywhere else. 

Despite the lack of a traditional welcome bonus, Discover will match all of your Discover it® Cash Back earnings after the first year, making your 5% rewards worth 10% cash back. That’s a great bargain for a no-fee card. 

The Discover 5% quarterly bonus calendar categories for 2021 are: 

* Q1 (January-March): Grocery shops, Walgreens, and CVS 

(July-Septembre): 

AWS, Walmart, and Target.com Q4 (October-December) 

For individuals who don’t want to pay an annual fee, Discover it® Cash Back offers a 15-month 0% APR on purchases and balance transfers, followed by a variable 12.24 percent – 23.24 percent APR. This is useful if you plan to make large purchases and want to pay them off over time. 

Because Discover cards aren’t as commonly accepted as larger issuers’ cards, you may want to carry two. With no annual fee and growing acceptance, there’s little harm in combining your Discover it® Cash Back with another cash-back card. 

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For example, the Citi® Double Cash Card earns 2% cash back on all transactions (1 percent when you make a purchase and 1% when you pay it off) and has no annual fee. Consider the Chase Freedom FlexSM, which offers the same quarterly rotating 5% bonus categories with the same spending cap. 

You can also get 5% cash back on up to $500 spent in your top eligible spending category (from a list) and 1% on everything else with the Citi Custom CashSM Card. With this card, you don’t have to do anything to get the bonus, therefore it’s a good pick for lazy people. 

Discover it Cash Back: How to Earn Reward Points 

To maximize your Discover it® Cash Back rewards, you must activate the quarterly bonus categories through your Discover account online. 

From April 1 through June 30, 2022, you can get 5% cash back at gas stations and Target on up to $1,500 in combined purchases (then 1%). All other purchases yield 1% cash back. 

Discover will automatically match any cash back earned throughout your first year (even on bonus categories). This match is automatically activated. 

Using Discover cash back incentives 

The best way to redeem Discover it® Cash Back rewards is as a statement credit or as a direct deposit to your bank account. You may also use your points to pay at Amazon or PayPal. The minimum redemption amount is 1 cent in each circumstance. 

Redeem your earnings for gift cards or eCertificates from participating shops. All prizes are valid as long as your account is open. 

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One unusual redemption option is to donate your prizes to selected charity, starting at 1 cent. While this may make getting a charitable gift tax deduction more difficult than mailing a check or donating with a credit card, it’s wonderful to know that you can use cash to support causes you care about. 

The Discover it® Cash Back card earns 5% cash back on select purchases up to a spending limit. From April 1 to June 30, 2022, you can receive 5% cash back at petrol stations and Target on up to $1,500 in purchases, then 1%.

Discover IT Cash Back: Conclusion 

Thanks for taking the time to read this blog post on Discover IT Cash Back.

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