Discover it Credit Card Review

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The no annual fee Discover it® Cash Back earns 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, gas stations and when you pay using PayPal, up to the quarterly maximum when you activate.

Plus, Discover will double all the cash back you earned at the end of your first year. 

For example, if you earned $500 cash back in your first year, Discover would deposit an additional $500 to match your first year’s cash back. 

Discover it® Cash Back Credit Card
  • 5% Cash Back in Rotating Quarterly Categories up to $1,500 Each Quarter When You Activate Offer
  • 1% Cash Back On All Other Eligible Purchases
  • Cash Back Match for the First Year
  • No Annual Fee
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Discover it Card Benefits

The Discover it card has very limited benefits compared to other no annual fee cards such as the Chase Freedom Flex or the Freedom Unlimited, but it does offer:

No Foreign Transaction Fees– You can use your Discover it card anywhere in the world without having to pay foreign transaction fees, which are typically 3%. 

Free Credit Alerts- You can set up free alerts when your social security number is found on thousands of dark web websites.  Or when any new credit card, mortgage, car loan, or other credit account shows up on your credit report.

Ability to Freeze Your Account– You can freeze your Discover it card at any time to prevent new purchases on the card.

Redeeming Cash Back

You can redeem your cash back very easily in several different ways including:

  • A statement credit to reduce your balance.
  • Direct deposit into any bank account.
  • Charitable donations.
  • Pay with rewards at select retailers such as Amazon.com.

You can also redeem your cash back for gift cards that are sometimes offered at a discount such as $20 for a $25 gift card.