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, 10% cash back on rotating categories, and up to 50% additional cash back through the Discover Deals shopping portal.
New applicants who are approved will automatically receive this offer.
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Discover it® Credit Card Design
Discover Bank offers two versions of the Discover it® – Cashback Match™ at this time.
Both cards share the same fee and rewards structure, and both cards include the double cash back promotion. The only difference is the introductory interest rate.
- The original Discover it® – Cashback Match card offers 0% APR interest on all purchases and balance transfers for 14 months.
- The Discover it® – 18 Month Balance Transfer offer includes 0% APR on purchases for 6 months and 0% APR on all balance transfers for 18 months.
If you are considering a balance transfer, the 18-month offer might be of interest. Both cards will allow you to choose a custom design when approved.
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.
In addition, you can earn 5% cash back on rotating bonus categories, up to $1,500 spent per quarter. The 2017 and 2018 bonus categories are summarized below:
|Quarterly Dates||Bonus Category|
|Q4 2017 (Oct. 1 – Dec. 31)||Amazon.com and Target|
|Q1 2018 (Jan. 1 – March 31)||Gas stations and Wholesale Clubs|
|Q2 2018 (April 1 – June 30)||Grocery Stores|
|Q3 2018 (July 1 – Sept. 30)||Restaurants|
|Q4 2018 (Oct. 1 – Dec. 31)||Amazon.com and Wholesale Clubs|
The 5% cash back categories are included in the double cash back promotion as well.
The Discover it® Credit Card includes access to Discover Deals, an online shopping portal that pays you cash back on top of your 1% or 5% card earnings.
When approved for the Discover it® Credit Card, you will create an online account which provides access to Discover Deals. When you are shopping online, you simply log into your account, navigate to Discover Deals, then click on your desired merchant. Discover Deals then redirects you to the merchant website and automatically tracks any purchases that you make.
A few weeks after you complete your online purchase, Discover will send you an email saying thank you for shopping through Discover Deals. The cash back earned will automatically be added to your account.
Several hundred merchants participate in the Discover Deals online shopping portal, including big retailers like Walmart, Sam’s Club, Target, Kohls, etc. Each participating business will offer a different cash back amount, with most falling between 5% and 25% cash back.
There is no limit on the amount of cash back that you can earn through Discover Deals, and all earnings are included in the double cash back promotion.
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 20-25% discount when you redeem your cash back for gift cards from participating retailers through Discover. For example, Discover offers $25 Staples gift cards for just $20 (20% discount).
You can redeem your rewards for any amount, at any time through your online account.
Discover it® Credit Card Features
Price Protection – Discover will refund up to a $500 price difference if you find a lower price within 90 days of making a qualifying purchase.
Fraud Protection – If there are any unknown or wrongful charges on your Discover card, you won’t pay a dime. They take care of it for you.
Return Protection – You can return any eligible purchase within 90 days for up to a $500 refund. This is helpful if a retailer refuses to take a return and you’re holding an item you don’t want.
Purchase Protection – If your item is stolen or accidentally damaged within 90 days of purchase, Discover will reimburse you up to $500.
Extended Warranties – Discover will extend the terms of any U.S. manufacturer’s warranty for up to 1 extra year (on warranties of 3 years or less) if you make the purchase using your Discover card. This is a huge benefit when making an electronics purchase.
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 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
I’ve summarized the most important fees in the table below:
|Type of Fee||Fee Amount|
|Cash Advance Fee||Either $10 or 5% of the amount
(whichever is greater)
|Balance Transfer Fee||3% of the transfer amount|
|Foreign Transaction Fee||$0|
|First Late Payment||$0|
|Additional Late Payments||up to $37|
(when your purchases exceed your credit limit)
Compared to other credit cards, this fee schedule is generous.
Discover it® Cashback Match™ vs Discover it® Miles
I previously reviewed the Discover it® Miles, which also offers double rewards for the first year. Here are the important differences:
- The Discover it® – Cashback Match is better for the rotating 5% categories, and full access to the Discover Deals shopping portal.
- The Discover it® Miles is better for everyday spending, earning 1.5% cash back (doubled in the first year) on all purchases instead of 1% (doubled in the first year).
The best solution is owning one of each card. You can hold both yourself or mix and match with a spouse.
While this sounds easy, Discover will only approve a second card if you have held the first for a minimum of 12 months. As a result, individuals who currently hold no Discover credit card products will be forced to choose, and I recommend that you select the Discover it® – Cashback Match before getting the Discover it® Miles.
Keep in mind that both products are cash back credit cards. If you are wanting free hotel stays or free airline flights, you should consider credit cards issued by other banks. Many travel credit cards offer large sign-up bonuses that provide enough miles to vacation for free. You can compare many of those offers on this page.
Discover it® Credit Card Review Summary
Vanessa and I both own the Discover it® Card and have earned a significant amount of cash back from the 5% rotating categories and the online Discover Deals shopping portal. After our twelfth month of card ownership, all of our cash back will be doubled by Discover. The price protection, fraud protection, and extended warranty protection are also important to us. We use these features all of the time during big sales (like Black Friday) to save money on big-ticket purchases.
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.
Also worth mentioning – if you are interested in other banking products, you can earn a $200 cash bonus after opening a Discover savings account as detailed in my Discover Bank Review.