Discover it® Cash Back review: Earn up to 5% cash back each quarter
If you are a new card member, Discover matches all the cash back you earn, dollar for dollar, at the end of your first year! With no annual fee, no foreign transaction fees, and amnesty for many of the situations that cause most banks to hike their rates and fees, this card could prove a lucrative addition to your wallet.
By Brooklyn Lowery
CardRatings Senior Manager
| Updated
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Discover it® Cash Back
CardRatings Editor's Analysis: Pros & Cons
- Earn 5% cash back on everyday purchases at different places each quarter like grocery stores, restaurants, gas stations, select rideshares and online shopping, up to the quarterly maximum when you activate.
- The card features bonus 5% cash-back categories on a rotating basis (up to $1,500 spent and only when you activate), but if you know you spend a lot in a particular category, you might be better off with a card that features a constant higher cash-back percentage in that category. Or, if you know these are the best categories for you, but still want 5% back in rotating categories, see if Chase Freedom® would be a good fit for you.
Review coming soon!
Top Features
Cash Back on Gas
1-5%
Cash Back on Groceries
1-5%
Cash Back on Other
1-5%
FEATURED CARD
Chase Freedom Unlimited®
- Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.
- Earn 5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year.
- Earn unlimited 1.5% cash back on all other purchases.
- Earn 5% on travel purchased through Chase, 3% on dining at restaurants and drugstores, and 1.5% on all other purchases.
- No annual fee.
- 0% Intro APR for 15 months from account opening on purchases, then a variable APR of 14.99 - 23.74%.
- No minimum to redeem for cash back. Cash Back rewards do not expire as long as your account is open.
Discover it® Cash Back Compared to Other Cash back Cards
Cash Back on Gas
1-5% Cash Back on Gas
1.5% Cash Back on Gas
1% when you buy plus 1% as you pay Cash Back on Gas
Qualified applicants will receive exclusive benefits such as 1% cash back rewards on all purchases Cash Back on Groceries
1-5% Cash Back on Groceries
5% cash back on grocery store purchases (not including Target(R) or Walmart(R) purchases) on up to $12,000 spent in the first year. Cash Back on Groceries
1% when you buy plus 1% as you pay Cash Back on Groceries
Qualified applicants will receive exclusive benefits such as 1% cash back rewards on all purchases Cash Back on other
1-5% Cash Back on other
1.5% Cash Back on other
1% when you buy plus 1% as you pay Cash Back on other
Qualified applicants will receive exclusive benefits such as 1% cash back rewards on all purchases