How to Apply for Discover it Cash Back Credit Card Easy Steps
Imagine having a credit card that not only rewards you for your everyday purchases but also provides a seamless application process. The Discover it Cash Back credit card offers just that, with a user-friendly application designed to get you going quickly. As you embark on this journey, you’ll find that 5% cash back on rotating categories like groceries and gasoline can add up swiftly, turning your routine spending into rewarding experiences.
Beyond cash back, the Discover it Cash Back card features no annual fee, making it financially savvy for any budget. Plus, you’ll benefit from an introductory 0% APR on purchases and balance transfers, easing the weight of interest. With an emphasis on security, Discover’s alert systems and fraud protection add peace of mind. Ready to discover an easier financial path? Let’s delve into how you can apply swiftly and reap these exceptional benefits!
Key Benefits of the Discover it Cash Back Credit Card
Rotating 5% Cash Back Categories
One of the standout features of the Discover it Cash Back card is its rotating 5% cash back program. Each quarter, you will earn 5% cash back on specific categories such as groceries, gas stations, restaurants, and more, up to the quarterly maximum when you activate. This allows you to save considerably on everyday purchases. To maximize this benefit, make sure to activate your bonus categories each quarter and plan your spending according to the card’s schedule.
Dollar-for-Dollar Cash Back Match
In your first year as a cardholder, Discover offers a remarkable Dollar-for-Dollar Cash Back Match. This means they automatically match all the cash back you’ve earned at the end of the first year. For instance, if you’ve earned $150 in cash back, Discover will double it to $300. To make the most of this opportunity, aim to use your card for purchases in the 5% categories and pay off your balance each month to avoid interest charges.
No Annual Fee
Another advantage of the Discover it Cash Back card is that it comes with no annual fee. This benefit allows you to enjoy the card’s rewards without worrying about an additional cost each year. It’s an economical choice for those who wish to maximize rewards without paying for the privilege. Use the savings from the annual fee to bolster your cash back rewards by applying it towards more purchases.
Zero Percent Introductory APR
The Discover it Cash Back card offers a 0% introductory APR on purchases and balance transfers for a designated period (typically 15 months). This provides an opportunity to pay off substantial expenses without the burden of accruing interest. Plan your big purchases or consolidate your debt within the introductory period to take full advantage of this offer. However, remember that balance transfers are subject to a fee.
SEE HOW TO GET YOUR DISCOVER IT CASH BACK
| Category | Key Features |
|---|---|
| Cash Back Rewards | With 1% to 5% cash back on purchases, this card offers excellent rewards. |
| Introductory Offer | Enjoy 5% cash back on rotating categories each quarter, allowing for increased savings. |
| Category | Benefits |
|---|---|
| No Annual Fee | No cost to hold the card, maximizing your cash back earnings. |
| Flexible Redemption | Cash back can be redeemed for statement credits, gift cards, or direct deposits. |
Requirements to Apply for the Discover it Cash Back Credit Card
- Minimum Age: To apply for the Discover it Cash Back credit card, you must be at least 18 years old. If you are under 21, be prepared to show proof of independent income, assets, or a cosigner.
- Credit Score: A good to excellent credit score is typically required to qualify for this card. Generally, a score of 670 or higher is considered favorable. This ensures you have a decent credit history, which lenders see as a sign of responsible borrowing behavior.
- Proof of Income: You need to provide evidence of a steady income source. This could include pay stubs for employees or tax returns for self-employed individuals. A stable income helps the issuer assess your ability to repay borrowed amounts.
- Social Security Number: Having a valid Social Security number is essential. This is a standard requirement for credit applications in the U.S. as it allows lenders to run a credit check and verify your identity.
- U.S. Residency: You must be a U.S. citizen or a permanent resident. This ensures that the legal framework of the U.S. applies and protects both the cardholder and the issuer.
- Documented Expenses: For a stronger application, be ready to provide information about your monthly expenses. This demonstrates your financial responsibilities and helps the issuer evaluate your spending and repayment capabilities.
SIGN UP TO GET YOUR DISCOVER IT CASH BACK
How to Apply for the Discover it Cash Back Credit Card
Step 1: Visit the Discover Website
Start your application process by heading to the Discover official website. Navigate to their credit cards section where you can find the “Discover it Cash Back” card. Here, you can read more about the card benefits, such as cash back offers and other features. This will help you understand what you are applying for and ensure it fits your financial needs.
Step 2: Check Your Eligibility
It’s important to verify that you meet the eligibility requirements before proceeding. Generally, applicants need to have a valid Social Security number, be at least 18 years old, and maintain a good credit score. While the site provides a pre-qualification tool, this is just an estimation and does not affect your credit score.
Step 3: Complete the Online Application
Once you confirm your eligibility, click on the application button to fill out the online form. You will need to provide personal information, including your Social Security number, income details, and address. Be honest and accurate, as discrepancies can delay the process or lead to denial.
Step 4: Review and Submit
After filling out the necessary details, take a moment to review your information. Ensure everything is correct and complete to avoid any issues. Once reviewed, submit your application. You should receive a response promptly; however, some applications might take longer if additional verification is necessary.
Step 5: Await Decision and Activation
Upon approval, you will receive your credit card in the mail. Follow the instructions included to activate it before use. Activation is usually quick and can be completed through the website or over the phone. Once activated, you can start enjoying the benefits of your new Discover it Cash Back credit card.
GET YOUR DISCOVER IT CASH BACK THROUGH THE WEBSITE
Frequently Asked Questions about Discover it Cash Back
What are the key benefits of the Discover it Cash Back card?
The Discover it Cash Back card offers several benefits, most notably its cash back rewards. You earn 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, and gas stations, up to the quarterly maximum when you activate. Plus, you earn 1% cash back on all other purchases. Additionally, at the end of your first year, Discover will automatically match all the cash back you’ve earned, so if you earned $150, you’ll get a total of $300.
Does the Discover it Cash Back card have any annual fee?
No, the Discover it Cash Back card has no annual fee. This means you can enjoy all the benefits and rewards of the card without worrying about an extra yearly cost. It’s a great way to save money while earning rewards.
How does the 5% cash back program work?
The 5% cash back program rotates quarterly across different categories. For example, you might earn 5% cash back at grocery stores one quarter and at gas stations the next. To earn this cash back, you need to activate the offer each quarter. You can do this easily online or through the Discover mobile app.
What should I know about the introductory APR offer?
The Discover it Cash Back card offers an introductory 0% APR for 15 months on purchases and balance transfers. After the introductory period, the APR will adjust to a variable rate based on the Prime Rate. This offer can be beneficial if you plan to make large purchases you would like to pay off over time without incurring interest.
How can I redeem the cash back rewards?
Redeeming your cash back is flexible and easy with the Discover it Cash Back card. You can redeem any amount, anytime, as a statement credit, deposit to your bank account, or use it to pay for purchases at select retailers like Amazon.com. Additionally, rewards never expire, so you can use them whenever it’s most convenient for you.
