Discover it® Credit Card Review | $50 Bonus + Double Cash Back

Discover it Card Review
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Discover recently announced that the Discover it® Credit Card is offering a double cash back promotion. All cash back earned in the first 12 months of card ownership is doubled.

That means 2% cash back on everyday purchases and a whopping 10% cash back on rotating quarterly categories. You will also receive a $50 cash signup bonus upon approval.

New applicants who are approved using our unique referral link will automatically receive all of these offers (note, the direct application page will not explicitly show all of these bonus offers, but you can call or chat with Discover to verify. Dozens of people from the Cash Cow Community have been approved and every single person has received the $50 bonus + double cash back).

Discover it® Credit Card Design

The Discover it® Card offers multiple card art designs that are available at this time. Available colors include:

  • Silver
  • Gold
  • Red
  • Pink
  • Purple
  • Green
  • Rainbow

All card designs share the same fee and rewards structure, so feel free to select your favorite design.

Discover it® Credit Card Rewards

The Discover it® Credit Card earns a minimum of 1% cash back on all purchases. This cash back is doubled after your first year of card ownership, resulting in a 2% effective cash back rate on all purchases in the first year.

In addition, you will earn 5% cash back on rotating bonus categories, up to $1,500 spent per quarter. The 2018 bonus categories are summarized below:

Quarterly DatesBonus Category
Q1 2019 (Jan. 1 – March 31)Grocery Stores
Q2 2019 (April 1 – June 30)Gas Stations, Uber, and Lyft
Q3 2019 (July 1 – Sept. 30)Restaurants
Q4 2019 (Oct. 1 – Dec. 31)Amazon.com

All cash back earned from the rotating 5% categories will be doubled in your first year of card ownership, effectively providing 10% cash back.

Redeeming Your Cash Back

As you earn cash back, Discover makes it easy to redeem your rewards.

  • Direct Deposit – You can redeem your cash back directly into your bank account.
  • Statement Credit – You can redeem as a credit on your monthly statement.
  • Direct Amazon Purchases – You can purchase items from Amazon and pay using the cash back you have earned.
  • Special Gift Card Redemptions – You can get another 10-25% discount when you redeem your cash back for gift cards from participating retailers through Discover. For example, Discover offers many $25 restaurant gift cards for $20 and offers $30 Staples gift cards for just $25. There are physical and e-gift card options available, and the e-gift options are delivered instantly and available for immediate use.

You can redeem your rewards for any amount, at any time, through your online account or mobile phone.

Discover it® Credit Card Features

Fraud Protection – If there are any unknown or wrongful charges on your Discover card, you won’t pay a dime. They take care of everything for you.

Free FICO Credit Score – You can now check your real FICO credit score for free each month through your online account, mobile app, or printed monthly statement.

Free Credit Monitoring – Free alerts let you know when any new credit card, mortgage, car loan or other account shows up on your Experian® credit report.

Free Card Replacement – Receive free overnight shipping when you request a card replacement to any U.S. address.

Freeze Your Discover Account – prevent new purchases, cash advances, and balance transfers if your account is compromised. Freeze or unfreeze your account in seconds via the website or mobile app.

U.S Based, 24-Hour Customer Support – Call anytime and be able to speak with a real human being. All Discover call centers are in the United States, which means English is the language of choice.

Discover it® Credit Card Fees

After looking through the documentation on Discover’s website, I’ve summarized the most important fees in the table below:

Type of FeeFee Amount
Annual Fee$0
Cash Advance FeeEither $10 or 5% of the amount
(whichever is greater)
Balance Transfer Fee3% of the transfer amount
Foreign Transaction Fee$0
First Late Payment$0
Additional Late Paymentsup to $37
Over-the-limit Fee
(when your purchases exceed your credit limit)
$0

Compared to other credit cards, this fee schedule is generous.

Discover it® Credit Card Summary

Vanessa and I both own the Discover it® Card and have earned a significant amount of cash back from the 5% rotating categories. After the twelfth month of card ownership, all cash back accumulated in the first year will be doubled by Discover.

The generous cash back, robust features, and excellent fee schedule have made the Discover it® Credit Card an outstanding option. If you are interested in applying, you will likely need a credit score greater than 650 to be approved. You can find the complete application and earn a $50 cash bonus through our unique referral link.

Also worth mentioning, Discover offers a competitive cash-back checking account and high-yield savings account (with a separate $200 bonus!). For more information, please see my Discover Bank Review.

Discover it® Credit Card Review | $50 Bonus + Double Cash Back
Summary
The Discover it® Credit Card offers a $50 sign-up bonus and double cash back on all purchases for 12 full months (as a limited time promotion). With a no annual fee and a slew of other benefits, everyone should consider applying for this card.
Rewards8.9
Features8.1
Fee Structure9.7
Sign-up Bonus8.3
Customer Support9.6
Strengths
$50 Sign-up Bonus
Generous fee schedule
Great customer support
5% cash back categories
Double cash back promotion
Weaknesses
Historically, Discover has been accepted at fewer merchants than Visa or Mastercard
8.9
Overall

Editorial Disclaimer: The editorial content on this page is not provided by any of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author’s alone.

User Generated Content Disclosure: Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.

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Vanessa LumbyAkshayJacob Lumby, PhDrobertBaumgardner James Recent comment authors

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Akshay
Guest
Akshay

Can you choose the category for 5% cash back or its fixed ?

Vanessa Lumby
Admin
Vanessa Lumby

Hi Akshay. The 5% cash back categories are selected by Discover and rotate quarterly. You cannot choose your own.

robert
Guest
robert

How long do you have to wait before applying for a discover card after you cancel your current one? I want to get another year of double cash back.

Baumgardner James
Guest
Baumgardner James

i live overseas most of the year. do the bonus categories apply for gas, restaurants, etc if purchased in Europe or anywhere outside of USA?

Than
Guest
Than

Great review. Very clear and informational. Thank you.

james baumgardner
Guest
james baumgardner

Question. I mainly live and work in Europe so i use my current card for all gas and grocery purchases where we live in Bosnia. We spend around $1500 per month with local merchants using a credit card. Would these benefits be credited to me when i use a Discover it card with local Bosnian merchants or anywhere overseas?

Lori
Guest
Lori

If I bought on Amazon using cash back rewards and paid little or nothing, and I decide to return the item, will I get my reward bonus refunded to soend elsewhere, or do I lose it? Should I just keep the item or try to sell it?

Mel
Guest
Mel

Thank you Jacob for your great info & recommendations! I have a question about the doubling promo, and what is meant by a ‘new cardmember’. For the Discover It doubling promotion (“Discover matches all cash back you’ve earned at the end of your first year – automatically. Only for new cardmembers.”) I am wondering how a ‘new cardmember’ is defined… Does it mean ‘new from within the entire Discover family of cards’, or just ‘new with the It version of the card’? I have had a plain Discover card (non-It card) for years. If I now apply for my first/only… Read more »

nadia
Guest
nadia

I’m trying to figure out how to best utilize my card for the Amazon quarters. I see that Amazon gift cards are included in the third and fourth quarters and that Amazon gift cards are included in this offer. It seems the most obvious route to use during these quarters is purchasing Amazon gift cards to get the 5% discount that doubles. I also wonder if I’d get the $5 off discount for reloading atleast $100 onto the card for an additional 5% off… Anyways, if I purchase this gift card and get the discount, if I use the gift… Read more »

Don
Guest
Don

When you click through on the Discover Deals portal, one of the listed conditions is “Pay with your Discover Card”. They used to not enforce it, but I wouldn’t be surprised if they can do so now quite easily (I’m sure they could before, but maybe didn’t care enough?). Rather than just applying the cashback percentage to the transaction amount reported by the retailer, presumably Discover Deals (the portal) is owned/affiliated with the Discover Card, and so the Card can verify that at least some portion of the purchase through the Deal portal was paid for with a Discover Card,… Read more »

Ben
Guest
Ben

Would someone be able to provide a list of merchant gift cards from Discover’s reward program? I current have the Chase Freedom card and the program changed to only redeeming gift cards and air flights. The list of merchant gift cards seem ok, but wish there was more.

Jim
Guest
Jim

Great blog. And I agree that Discover has MANY benefits. I almost exclusively use Discover.

Kelsey
Guest
Kelsey

We love the Discover It card! And we also use the Chase Freedom card.
My husband drives almost 100 miles round trip to work, so we get to have 5% cash back 3/4 of the year while using both of these cards. You can’t beat free cash.

Paul
Guest
Paul

What? Driving a hundred miles per day gets you 5% cash back for 9 months a year? I guess I am missing something as I am driving 90+ miles per day for work and not getting that deal. Should I contact the DMV or the credit card companies?

Stanley
Guest
Stanley

Jacob,

Based on your review i went ahead and ordered the discover it card.

Thanks

Andrew
Guest
Andrew

I think this card is great…I’m like my Discover card for sure. I always use the shopdiscover feature if I’m buying something online and I like that you can redeem for gift cards for greater value. I often get the staples gift cards $20 for a $25 gift card. Discover also has useful rotating 5% categories.