How to Apply for Discover it Cash Back Credit Card Step-by-Step Guide
Diving into the world of credit cards can feel overwhelming, especially with so many options available. If you’re looking for a card that offers a balance of rewards and simplicity, the Discover it Cash Back Credit Card might be the perfect fit. Known for its generous cash back program, this card provides rotating categories where you can earn up to 5% cash back, from grocery stores to gas stations, making everyday purchases more rewarding.
Not only does this card stand out for its reward potential, but it also boasts one of the simplest application processes. There’s no annual fee, and with features like cash back match during your first year, Discover ensures your financial well-being is at the forefront. Ready to explore what makes this card a worthwhile addition to your wallet? Read on to discover how you can easily apply and start reaping the benefits today.
Benefits of the Discover it Cash Back Credit Card
1. 5% Cash Back on Rotating Categories
The Discover it Cash Back card offers an enticing 5% cash back on categories that change every quarter, like grocery stores, gas stations, restaurants, and even online purchases. To maximize this benefit, it’s essential to keep track of these rotating categories and plan your spending accordingly. Ensure you sign up each quarter to activate these categories, which can easily be done through your online account or mobile app.
2. Unlimited 1% Cash Back on All Other Purchases
For purchases outside the 5% categories, you will still earn an unlimited 1% cash back. This means that no matter what you’re buying, you’re always getting something back. This feature provides consistent rewards on every purchase, so remember to use your Discover it Cash Back card for your regular spending to ensure you don’t miss out on this benefit.
3. Cashback Match for the First Year
A standout feature is the Cashback Match that Discover offers at the end of your first year. This means Discover matches all the cash back you’ve earned, turning $150 into $300 with no need to sign up for this benefit. To maximize this, try to charge as much of your predictable, regular expenses to your card as possible during the first year.
4. $0 Annual Fee
Understanding finances is crucial, and what makes this card particularly appealing is the $0 annual fee. You can enjoy all the rewards without any added financial burden. It’s an excellent benefit for those looking to save money and avoid annual charges that other cards might impose.
5. Freeze It® Feature and FICO® Score for Free
Security is paramount, and Discover it Cash Back provides peace of mind with its handy Freeze It® feature, allowing you to quickly freeze your account in the event of your card being lost or stolen. Additionally, you can view your FICO® Score for free, helping you monitor your credit health and make informed financial decisions.
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| Category | Description |
|---|---|
| Cash Back Rewards | Earn 1% cash back on all purchases and 5% on rotating categories. |
| No Annual Fee | Enjoy no annual fees ever, maximizing your rewards potential. |
The Discover it Cash Back card offers a great opportunity to earn money while spending, making it appealing for everyday use. Its reward system is particularly attractive as it not only returns cash on every dollar spent but also offers increased rewards in selected categories each quarter. This means you can strategically plan your purchases to earn the most cash back possible.Additionally, having no annual fee enhances its value, ensuring that you can enjoy the benefits of using the card without the concern of added costs. The straightforward structure encourages responsible spending, allowing cardholders to leverage their purchases effectively. With this combination of rewards and affordability, the Discover it Cash Back card is a practical choice for individuals looking to enhance their financial wellbeing through smart spending habits.
Requirements to Apply for Discover it Cash Back Credit Card
- A Good to Excellent Credit Score: Typically, to increase the chances of approval for a Discover it Cash Back credit card, a FICO score of 670 or higher is recommended. This shows lenders that you have a reliable track record of credit management.
- Proof of Sufficient Income: Although Discover does not specify a minimum income, you must be able to demonstrate that you have a consistent and reliable income source. This could be through recent pay stubs, tax returns, or bank statements.
- U.S. Citizenship or Residency: You will need to be a U.S. citizen or a permanent resident with a valid Social Security Number to apply for this credit card.
- Aged 18 or Older: As with most credit applications, applicants need to be at least 18 years of age to apply for a credit card.
- Completed Application: Ensure that all sections of the application form are fully completed with accurate personal, financial, and employment information.
SIGN UP TO GET YOUR DISCOVER IT CASH BACK
How to Apply for the Discover it Cash Back Credit Card
Step 1: Visit the Discover Website
Begin your application by visiting the Discover website. You can do this by typing “Discover it Cash Back” into your preferred search engine or directly entering the URL into your browser. Once on the homepage, navigate to the credit card section to find the “Discover it Cash Back” card option.
Step 2: Review Card Details
Before proceeding with the application, take some time to review the card details. Understand the rewards structure, like earning 5% cash back in rotating categories each quarter you activate and 1% unlimited cash back on all other purchases. Familiarize yourself with the terms and conditions, interest rates, and any applicable fees.
Step 3: Begin the Application Process
Once you’re ready, click on the “Apply Now” button on the card’s page. You will be directed to the application form, where you’ll need to provide personal information such as your full name, address, Social Security number, income details, and employment information. Make sure all information is accurate and double-check for any typos.
Step 4: Submit Your Application
After completing the application form, review all the information you have entered. Once confident that everything is correct, submit the application. Discover may perform a credit check as part of this process, so ensure you have a good understanding of your credit score before applying.
Step 5: Await Approval Decision
After submission, Discover will review your application. The decision can be immediate, but in some cases, it might take a few days. Keep an eye on your email for any communication from Discover regarding your application’s status. If approved, you will receive your new “Discover it Cash Back” credit card in the mail shortly.
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Frequently Asked Questions about Discover it Cash Back
What is the Discover it Cash Back credit card?
The Discover it Cash Back is a popular credit card that offers 5% cash back on rotating quarterly categories and 1% cash back on all other purchases. It’s an excellent choice for savvy shoppers who can maximize the reward categories to maximize their savings.
How do the rotating cash back categories work?
Each quarter, Discover announces new categories where cardholders can earn 5% cash back on up to $1,500 in purchases. Past categories have included groceries, restaurants, gas stations, and online shopping. You need to activate these categories each quarter on the Discover website or mobile app to earn the bonus cash back.
Is there an annual fee for the Discover it Cash Back card?
No, there is no annual fee for the Discover it Cash Back card, making it a great option for those who want to enjoy cash back rewards without additional costs.
How does the Cashback Match work for new cardholders?
Discover offers a unique Cashback Match for new cardholders, which means they will match all the cash back you’ve earned at the end of your first year. For example, if you earn $200 in cash back in your first year, Discover will match that amount, giving you a total of $400.
What credit score do I need to qualify for the Discover it Cash Back card?
The Discover it Cash Back card generally requires a good to excellent credit score. This typically means having a FICO score of 670 or higher. However, approval decisions also consider other factors such as your income, employment status, and credit history.
