Skip to content

Is there a catch to Discover cash back

Accuracy, independence and authority remain as key principles of our editorial guidelines.
For further information about automated content on, email Lance Davis, VP of Content, at

Running your own small business can be hard—banking doesn’t need to be.
N26 Business accounts are specifically made to help freelancers get the extra support they want.
Enjoy 0.1% cashback on all card payments, or 0.5% cashback for Business Metal customers.
Sign up in less than 8 minutes, and start earning cashback immediately.
The majority of the cards we recommend need a good or excellent credit history, that is typically around 670 or higher.
If you don’t meet up with the credit criteria required, there are credit cards available which are specifically for those attempting to rebuild credit, like secured credit cards.

Discover It Cash Back Card Faqs

Remember that you can buy gift cards as presents or future purchases.
Your favorite stores are likely to carry their very own gift cards or gift cards to other stores.
When you join a card that’s qualified to receive this program, Discover will match all the cash back you earn during the first 12 months.
Most balance transfer cards give you a 30 to 120 day window for the total amount transfer to post, but Discover designates specific dates where your transfer must post.
Be sure to check the fine print while you are approved as the date changes throughout the year.
Typically, you want to allow at least two weeks of wiggle room for a balance transfer to post to your account once initiated.
Jaclyn is really a CNET Money editor who relishes the sweet spot between numbers and words.

Any opinions, analyses, reviews or recommendations expressed in the following paragraphs are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card company.
Emily Sherman is a senior editor for and Bankrate Credit Cards, focusing on product news and recommendations.

Best Bank-account Bonuses And Promotional Offers In May 2023

Most cash rewards programs have an annual maximum limit, so while they may offer a generous 5% cash back reward, there may be an annual cap or maximum limit it is possible to reach.
Other cards only offer cash return for certain types of purchases, such as at restaurants or gasoline stations.
Unlike the Freedom Flex, the Discover it® Cash Back doesn’t charge foreign transaction fees, a penalty APR or perhaps a first-time late payment fee (up to $41 thereafter).
It’s also worth noting that Chase only announces its 5 percent quarterly categories per month or so in advance, and in 2023, Discover can do the same.
Discover’s Cashback Match offer also has the potential to become a lot more rewarding compared to the Freedom Flex’s $200 cash sign-up bonus (cardholders must spend $500 within the initial three months).

It also provides an unlimited cash return match of all rewards you earned by the end of your first year of card ownership.
The flagship Discover CASH RETURN card offers cashback rewards of 5% for several categories that change over summer and winter.
It also promises to match each of the cashback at the end of the entire year for the first year.
Flagship CASH RETURN, Gas & Restaurants, and NHL cards have an introductory 0% annual percentage rate (APR) for purchases and balance transfers for the first 14 months.

  • For full Rewards Terms and Conditions, please visit
  • By
  • Questions submitted to could be posted to our website with your first name, and could be edited for length and clarity.
  • If you maxed out all of Discover’s quarterly bonus categories each year, you would earn $300 in these categories alone.
  • that earns higher rewards than 1% on all of your spending outside the quarterly bonus categories.

Cardholders will receive 5% cashback (on the first $1,500 spent each quarter, then 1%) for expenses like grocery stores, fitness clubs and gym memberships, gas stations, Target purchases and online shopping.
You also earn 1% cashback automatically on all the purchases with no limit.
The Discover it® Cash Back is perfect for people who can adjust their spending to benefit from Discover’s cash back calendar each quarter.
Its high-earning rewards scheme maximizes Discover’s Cashback Match bonus, making it the most effective first-year reward offers for a no-annual-fee card.
The Discover it® Cash Back carries perhaps the lowest rates and fees available, and it’s accessible with only a “good” or higher credit score (670+ FICO score).

The student cards have an introductory 0% APR for the initial half a year on purchases, then range from 12.99% to 21.99%.
The APR for cash advances is 24.99% for all cards and you also pay a fee of $10 or 5% of the total amount, whichever is higher.
When merchants accept payment via credit card, they are required to pay a share of the transaction amount as a fee to the charge card company.
If the cardholder includes a participating cash back rewards program, the credit card issuer simply shares some of the merchant fees with the buyer.
The target is to incentivize visitors to use their bank cards when making payments rather than cash or debit cards, which earns them no rewards.
The more a consumer runs on the charge card, the more merchant fees the charge card company can earn.

Consumers can access cash through 60,000 of Discover’s no-fee ATMs across the U.S.
Visa and Mastercard will be the two largest credit card companies in the world, so it is no surprise that folks these two names arrived at most people’s minds when they think about credit cards.