How to Apply for Discover it Cash Back Credit Card Step-by-Step Guide

With its enticing array of cash back rewards and user-friendly features, the Discover it Cash Back Credit Card is a popular choice for savvy consumers looking to maximize their spending. This card offers 5% cash back on everyday purchases in rotating categories each quarter—like groceries, gas stations, and restaurants—up to a quarterly maximum when you activate. Plus, you’ll enjoy unlimited 1% cash back on all other purchases.

What sets the Discover it Cash Back Credit Card apart is its introductory offer: Dollar-for-dollar cash back match at the end of your first year, turning $200 cash back into $400. With no annual fee, it’s an excellent option for individuals seeking simple, lucrative rewards. Ready to take advantage of these benefits? In the following guide, we’ll walk you through each step to ensure a seamless application process, transforming the way you approach everyday expenses.

Benefits of Discover it Cash Back

1. Cash Back Rewards

One of the standout benefits of the Discover it Cash Back credit card is its robust cash back rewards program. You can earn 5% cash back on everyday purchases at different places each quarter, up to the quarterly maximum, when you activate. This includes popular categories like grocery stores, restaurants, gas stations, and even select online retailers. Furthermore, you’ll earn unlimited 1% cash back on all other purchases automatically. This is a great way to earn while you spend, enhancing the value of your purchases.

2. Introductory APR Offer

The Discover it Cash Back card offers a 0% introductory APR on purchases for the first 15 months, providing you with more flexibility and breathing room while managing your finances. This is particularly beneficial if you have a large purchase planned or are looking to consolidate higher-interest debt from other cards. Remember to pay off the balance before this period ends to avoid higher interest rates.

3. Discover Match

A unique feature of the Discover it Cash Back card is the Cashback Match. At the end of your first year as a cardholder, Discover will automatically match all the cash back you’ve earned, dollar-for-dollar, with no limit. Imagine you’ve earned $150 in cash back during your first year; Discover will match it, giving you a total of $300 cash back at the end of the year! This is an incredible way to maximize your rewards and get the most out of your spending.

4. No Annual Fee

This card comes with no annual fee, which means you won’t have to worry about paying extra just to hold it. This is particularly advantageous because it allows you to enjoy all the benefits and rewards without the stress of an annual cost cutting into your savings. Tip: Use the card regularly in the bonus categories to maximize your cash back without incurring extra fees.

5. Fraud Protection and Customer Support

With the Discover it Cash Back card, you get robust security measures, including free Social Security number alerts and 24/7 account monitoring for unusual activity. Plus, Discover’s customer service is highly rated and available 24/7, should you need assistance. This adds a layer of security and peace of mind, knowing you’re protected and supported whenever necessary.

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Key Requirements for Discover it Cash Back Credit Card

• Good Credit Score: To be eligible for the Discover it Cash Back card, applicants generally need a good credit score. Typically, this means a FICO score of 670 or above. A good credit score signifies to the lender that you have a history of managing credit responsibly, which can increase your chances of approval.
• Minimum Income: While Discover does not disclose a specific minimum income, applicants should have a steady income that reflects their ability to manage new credit. This helps assure the issuer that you can repay your debts. For instance, one might have a regular salary job or a reliable flow of income from investments or self-employment.
• Proof of Income: You may be asked to provide documentation verifying your income, such as recent pay stubs, tax returns, or bank statements. This proof helps the lender assess your financial stability.
• U.S. Residency: Applicants must be U.S. residents to apply for the Discover it Cash Back card. This requires providing a valid Social Security Number during the application process, which is standard practice for credit card applications in the United States.
• Age Requirement: You must be at least 18 years old to apply. This is a common legal requirement aimed at ensuring applicants are of the legal age to enter into a credit agreement.

GET YOUR DISCOVER IT CASH BACK THROUGH THE WEBSITE

How to Apply for the Discover it Cash Back

Step 1: Visit the Official Discover Website

To begin the application process for the Discover it Cash Back credit card, head to the official Discover website. Open your preferred web browser and type in “Discover it Cash Back” in the search bar, or directly enter the URL: www.discover.com. This will take you to Discover’s homepage, where you’ll find links to all their credit card products.

Step 2: Navigate to the Credit Cards Section

Once on the Discover homepage, look for the ‘Credit Cards’ section. You can find this in the main menu, usually at the top of the page. Click on it, and a drop-down menu will appear with a list of available credit card offerings. Select the ‘Discover it Cash Back’ from this list to proceed.

Step 3: Review Card Benefits

Before applying, it’s essential to understand the benefits and features of the Discover it Cash Back credit card. On the product page, you’ll see details about cash back rewards, introductory offers, fees, and other card benefits. Pay attention to the cashback percentages, any annual fees, and the terms of the introductory APR if applicable.

Step 4: Start the Application Process

Once you’ve reviewed the card details and confirmed that it fits your needs, click on the ‘Apply Now’ button. This will direct you to the online application form. Be prepared to enter personal information such as your full name, address, Social Security number, employment details, and income information. Filling in these correctly is crucial for the approval process.

Step 5: Submit the Application and Wait for Approval

After completing the application form, carefully review all the information to ensure it’s accurate. Then, submit the application. Discover will evaluate your creditworthiness, typically providing an instant decision. If additional review is needed, it might take a few days before you hear back. Successful applicants will receive their Discover it Cash Back card by mail within 7-10 business days.

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Frequently Asked Questions about Discover it Cash Back

What is the main feature of the Discover it Cash Back credit card?

The Discover it Cash Back credit card is notable for its 5% cash back on rotating quarterly categories such as groceries, gas stations, restaurants, and online shopping, up to the quarterly maximum, when you activate. All other purchases earn a consistent 1% cash back. This feature makes it a great choice for those who plan their spending around these categories.

How does the cash back match work for new cardmembers?

Discover offers an attractive cash back match for new cardmembers. At the end of your first year as a cardholder, Discover will automatically match all the cash back you’ve earned. For instance, if you earn $150 in cash back during the first year, Discover will match that amount, giving you a total of $300 back.

Is there an annual fee for the Discover it Cash Back card?

No, there is no annual fee associated with the Discover it Cash Back card, allowing you to enjoy your cash back benefits without worrying about paying for card membership. This makes it a cost-effective choice for users seeking rewards without additional costs.

What is the interest rate for the Discover it Cash Back credit card?

The interest rate for the Discover it Cash Back card varies based on your creditworthiness and prevailing market rates. The APR for purchases and balance transfers starts from 15.99% to 26.99% variable. It’s important to note that balance transfer fees apply, so consider these costs when transferring balances.

Can I use the Discover it Cash Back card abroad?

Yes, the Discover it Cash Back card can be used internationally. A significant advantage is that there are no foreign transaction fees, which can save you money while spending overseas. However, acceptance may vary, so it’s wise to check Discover’s acceptance in the countries you’re visiting.

Linda Carter

Linda Carter is a writer and financial expert specializing in personal finance and financial planning. With extensive experience helping individuals achieve financial stability and make informed decisions, Linda shares her knowledge on the our platform. Her goal is to empower readers with practical advice and strategies for financial success.