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Discover It Cash Back – How to apply
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Discover It CashBack offers up to 5% rotating cashback on quarterly categories.
Earn cash back rewards on your everyday purchases. Join Discover It CashBack and discover a rotating cashback system where you can earn up to 5% back on specific categories every quarter.
In addition to the cashback benefits, this card also offers security features that bring peace of mind to its users.
And with the functionality Freeze It®, you can block your card instantly in the app or online, preventing unauthorized purchases from being made if your card is lost or stolen.
What’s more, at the end of a year, you can still enjoy the Cashback Match, where Discover matches the amount you earn in cashback in the first year of use.
The Discover It CashBack works with a system of rotating cashback, where cardholders earn 5% cashback on select shopping categories such as supermarkets, gas stations, restaurants and more.
Categories vary each quarter, meaning the card is adaptable to your spending needs. And to make the most of it, simply activate these categories every quarter, which makes the process flexible and controllable.
Additionally, the card offers unlimited 1% cashback on all other purchases.
That is, even if you are not shopping in specific categories, you will always have a reward for your purchases.
Another important point is the Cashback Match, which is an exclusive bonus offered in the first year.
Discover It automatically matches all cashback you earn during your first year of card membership, making this benefit even more advantageous, as you can double the value of the rewards earned.
Main benefits of Discover It Cash Back
One of the great advantages of Discover It CashBack is that you have no annual fee, which means you don’t have to worry about additional costs when using the card.
Another significant benefit is the double cashback bonus in the first year. During the first year of membership, Discover It matches all cashback you earn, which can be a great boost to your savings.
This makes the card even more attractive for those who are just starting to use the product and want to make the most of the initial rewards.
Furthermore, the Freeze It® offers an additional layer of security, allowing you to freeze your card instantly if you suspect any unauthorized transactions.
Despite its many advantages, the Discover It CashBack It also has some disadvantages that must be taken into account.
The main one is that the 5% cashback is limited to US$1,500 per quarter, which can be a problem for those who purchase in large volumes within the eligible categories.
And the 1% cashback on all other purchases It can also be considered relatively low compared to other credit cards that offer higher percentages in varying categories.
APR and Fees
The APR regular Discover It Cash Back varies between 18.49% and 27.49% per year, depending on your credit profile.
To avoid these fees, it is recommended to pay the balance in full every month, ensuring you enjoy the cashback benefits without having to bear the interest costs.
A considerable advantage is the 0% introductory APR for 15 months both for purchases and balance transfers, which allows financial relief at the beginning of its use.
During this period, you can make purchases or transfer balances from other cards without paying interest, which can be an excellent opportunity for those looking to pay off existing debts or make large purchases.
Furthermore, Discover It Cash Back doesn’t charge an annual fee, which is a big advantage compared to other cards that charge fixed annual fees.
However, it is worth highlighting that there is a balance transfer fee of 3% at the beginning and up to 5% on subsequent transfers, which must be considered when planning this type of operation.
How to apply for the Discover It CashBack
A Discover It CashBack request can be made directly through the official website or through the Discover app quickly and conveniently.
To get started, you need to fill out a form with your personal information, such as your name, address, income, and Social Security number, as well as provide some information about your credit history.
In a few minutes, you will receive a decision about your approval or, in some cases, the need for more information.
After approval, you can immediately start using the digital card Discover It, which allows you to make purchases instantly before the physical card arrives.
If you are already a Discover card holder, you can make a more agile credit decision, as the company has access to your history with them.
After request and approval, the physical card will be sent to your address and you can start enjoying the benefits of cashback benefits and others security powered by Discover.
