Deposit refunds can take up to two billing cycles plus ten days. FICO ® … • We monitor every purchase, everyday for suspicious activity. Redeem cash back … Purchases made at Gas Stations include only merchants in the category that sell automotive gasoline that can be paid for either at the pump or inside the station. And Discover will double that for your first year! Discover it Cash Back Review Summary. Rates as of . We'll match all the cash back rewards you've earned on your credit card from the day your new account is approved through your first 12 consecutive billing periods or 365 days, whichever is longer, and add it to your rewards account within two billing periods. Income is always an important factor in a credit card application. However, if you want flat cash back on all purchases or higher cash back on certain categories, consider another cash back card. Only from Discover.We'll automatically match all the cash back you've earned at the end of your first year. The downside, however, is that you have … Cash back can be redeemed at any time … It offers 5% cash back on select categories of purchases that rotate throughout the year, up to $1,500 spent per quarter (then 1%; activation required).. Discover will automatically match all the cash back you’ve earned at the end of your first year! I definitely don't spend that much between gas and restaurants, or any of the categories in the Cash Back … We wouldn’t recommend using it for purchases that don’t fall into one of these 5% categorizes as it only earns the 1% cash back, when other cards on the market will earn 2%+. Even if you make purchases at a merchant of items that appear to fit in a rewards category, the merchant may not have an assigned MCC in that rewards category. Variable APRs will vary with the market based on the Prime Rate. Discover offers four different credit cards that allow cardholders to enroll every quarter to earn 5% cash back in various categories, up to a $1,500 quarterly maximum (then 1% cash back). Discover it Cash Back Review. Discover will match all the cash back you've earned at the end of your first year (only for new cardmembers). A secured credit card is designed for people who are looking to build or rebuild their credit. Each billing period, we will generally apply amounts you pay that exceed the Minimum Payment Due to balances with higher APRs before balances with lower APRs as of the date we credit your payment. Plus get powerful, fast mobile and online service. Here to help whenever you call, not sell you other products. Annual Fee: None. Your credit limit is determined by your creditworthiness, with a minimum limit of $500. In order to enjoy the full experience of the Discover To see a list of Frequently Asked Questions, visit discover.com/freealerts. The Discover it Cash Back credit limit is at least $500 for all cardholders. Refer to footnote Discover it ® Secured Card, Follow Us on Twitter opens in a new window, Like Us on Facebook opens in a new window, Contact with Us on LinkedIn opens in a new window, ACCREDITED BUSINESS opens in a new tab Opens in a new window, Member FDIC opens in a new tab Opens in a new window, Learn Cashback Match: Only from Discover, as of December 2020. See Cashback Bonus Program Terms and ConditionsOpens PDF for more information about your rewards. The Discover it® Cash Back card offers the following rewards rate: 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, gas stations and when you pay using PayPal, up to the quarterly maximum when you activate, 1% unlimited cash back … If you want options other than redeeming rewards directly for cash, consider using your cash back as a statement credit against your balance. Cash Back Rewards: Earn 5% on travel purchased through Chase, 3% on dining at restaurants and drugstores, and 1.5% on all other purchases. See Discover.com/FICO about the availability of your score. That said, if you max out these 5% categories each quarter you’re looking at a healthy $300 per year, combine this with the $150 sign up bonus and you’ll receive a total o… The most you can earn with either card’s bonus categories per quarter (after the first year) is $75, so the card that’s best for you basically comes down to your own spending habits. Your IP: 93.189.113.130 There are other cards available that give cash back with no limits on charges, but the cash back rates on those aren’t as high. While you will not earn anything extra, value wise, you have the option to help … Discover and other lenders may use different inputs, such as FICO® Credit Scores, other credit scores and more information in credit decisions. You’ll get 5% cash back on rotating quarterly categories each time you activate with a max spend of $1,500 per quarter, plus 1% cash back on all other purchases. Discover cash over transactions are limited to $120 every 24 hours with no monthly limit. Rewards are added to your Cashback Bonus account within two billing periods. The Discover it card is an attractive card due to it’s 5% cash back rotating categories, it’s basically impossible to get more than 5% cash back with any other card. This benefit may change or end in the future. Intro Balance Transfer APR is 10.99% for 6 months from date of first transfer, for transfers under this offer that post to your account by  then the standard purchase APR applies. When 1% on all other purchases. If you are not approved, we will provide you with the score we obtained, which credit reporting agency it was obtained from, and the reasons we could not approve your application. It has $0 annual fee and if you’re looking to build your credit … These reviews will look for your responsible credit use across all your cards and loans, not just with Discover. Calendar quarters are defined as the three-month periods beginning January 1, April 1, July 1, and October 1. more in the Discover Help Center. This card’s average credit limit is $3,000, but the limit can go as high as $20,000 — that can pay for a brand new car! The credit limit I got on my Discover it Cash Back was $4,500, which didn’t look too bad—as a reminder, you shouldn’t use over 30 percent of your available credit to avoid damage to your scores. But if you can wait until the end of the year, you could end up getting a much bigger bonus overall. However, some activity will continue, including bills that merchants mark as recurring, as well as returns, credits, dispute adjustments, delayed authorizations (such as some transit purchases), payments, Discover protection product fees, other account fees, interest, rewards redemptions and certain other exempted transactions. Another advantage is that you can use a credit card other than the Discover it through this portal, you just need to have an account with them to log in to get the cash back (HT: Travel With Grant). Earn 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, gas stations and when you pay using PayPal, up to the quarterly maximum when you activate. Discover it Cash Back is the best deal for people who can maximize the 5 percent back in the bonus categories. You’ll get 5% cash back in quarterly rotating categories, up to $1,500 spent per quarter (then 1%; activation required). Discover doesn’t offer retention bonuses, but you can get spending bonuses on their cards. This card is for people new to credit as well as people looking to rebuild their credit. The Discover it® Cash Back offers one of the most generous cash back rewards programs in the credit card industry. We noticed that you're using an old version of your internet Identity alert services are based on Experian information and data which may differ from information and data at other credit bureaus. With the Discover it® Cash Back, you don't have a say in which categories earn 5% cash back. Only from Discover.We'll automatically match all the cash back you've earned at the end of your first year.2 There is no limit to how much we'll match. 2% Cashback Categories: In accordance with standard industry practices, merchants are assigned a merchant category code (MCC) typically based on their line of business, or the type of products and/or services they primarily sell or provide. 22.99% standard variable purchase APR. Not sure if a secured credit card is right for you? You don't need to … Discover will automatically match all the cash back you’ve earned at the end of your first year! I'm using the grocery category 5% cash back right now to get gift … This promotional offer may not be available in the future and is exclusively for new cardmembers. No purchase minimums. Cash APR: 24.99% variable. The best Discover credit cards pack in rich perks like no annual fees, up to 5% cash back, and leading 0% interest free promos. Credit Score: 709 Credit Limit: 500 Age: 25-34 With the Bank of America® Cash Rewards credit card , it's a different story. web browser. Only purchases made from merchants located in the United States are eligible for 2% Cashback Bonus. If you spend within the rotating quarterly 5% cash back categories, the no-fee Discover it® Cash Back card could be well worth your time. the display of rates and APRs. It has the potential to be higher too. Discover is accepted by 99% of the places across the country that take credit cards.10. How Much Cash Back Can You Get? Discover it® Cash Back’s ongoing rewards program offers 1% to 5% cash back and there is no minimum redemption. You'll Discover cash back credit cards provide you with cash back on every purchase, with cards that let you earn more on qualifying purchases. Discover it® Cash Back is a decent everyday credit card for people with good or excellent credit who want to earn bonus rewards without paying an annual fee. Purchases at Gas Stations and Restaurants over the quarterly cap, and all other purchases, earn 1% cash back. Using your secured card will build a credit history with the three major credit bureaus. The Discover it® Cash Back credit card is one of the main credit cards from Discover. Discover It Cash Back Credit Card Bonus Discover will automatically match all of the cash back you've earned at the end of your first year as a cardholder. But Chase doesn’t publish a credit limit for this … If you're wondering whether Discover it Cash Back is the right card for you, read on. If you're wondering whether Discover it Student Cash Back is the right card for you, … See other issuers’ websites for their review periods. touch or with swipe gestures. This page will show your … The Discover it® Student Cash Back is a rare beast among student cards, offering generous cash-back rewards with an annual fee of $0. And like a traditional credit card, as you use your credit card, you will need to make payments each month and your credit card account use is reported to the three major credit bureaus. 2 There is no limit to how much we'll match. For credit card users looking to get the most out of their rewards, the Discover it® Cash Back credit card should catch your eye.It offers unlimited cash-back match after the first year and bonus rotating categories. As far as no annual fee cash back cards go, the Discover it® Cash Back ranks among the best. Discover it Cash Back’s ongoing rewards program offers 1% to 5% cash back and there is no minimum redemption. It's fast and easy to pay with your contactless Discover Card at millions of places. You could turn $150 cash back into $300. Benefits Discover it Cash Back doesn’t offer some of the benefits that come standard with many other credit … you must update your browser as soon as possible. Acceptance: According to the Feb 2020 issue of the Nilson Report. They also sometimes have targeted offers where you can earn a bonus for spending a set amount in the allocated time (e.g $100 free when you make 5 purchases of $250 or more in the next four months). Discover Bank is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. So you could turn $50 cash back into $100. browser has not been updated. Discover it Card does not have an over-limit fee. We will not match: rewards that are processed after your match period ends; statement credits; rewards transfers from Discover checking or other deposit accounts; or rewards for accounts that are closed. Generally, prepaid and debit cards can't do that. 22.99% Standard Variable Purchase APR‡ applies. The Discover it Student Cash Back card also offers the opportunity to double your cash back in the first year. Freeze it®: When you freeze your account, Discover will not authorize new purchases, cash advances or balance transfers. Bottom Line: The Discover it Cash Back card offers a nice blend of some of the top features you may be looking for in a cash back credit card. You’ll get 5% cash back in quarterly rotating categories, up to $1,500 spent per quarter (then 1%; activation required). Learn Like all other Discover credit cards right now, Discover it® Cash Back will also match the cash rewards that you earn the first year your account is open, as a first anniversary bonus. Minimum Security Deposit: A minimum security deposit of $200 is required to open this account and your security deposit must equal your credit limit. Discover it on other hand is easier to build your credit limit without hard pulls starting out. FICO® Credit Score Terms: Your FICO® Credit Score, key factors and other credit information are based on data from TransUnion® and may be different from other credit scores and other credit information provided by different bureaus. To protect your account security, Discover it Student Cash Back Review. See Full Compare Chart Balance transfer fee: 3% Intro fee on balances transferred by  and up to 5% fee for future balance transfers will apply. Performance & security by Cloudflare, Please complete the security check to access. With Discover's student credit cards, there's a one-card limit. Certain digital wallet transactions qualify for 2% Cashback Bonus, for more information see Discover.com/digitalwallets. Discover has fifty million cardholders in the United States with a range of card options and offers ranging from student cards, cash back rewards cards, to travel rewards cards.If you have a Discover card, you may be wondering about increasing the limit on your card. The Discover it® Student Cash Back gives cardholders the opportunity to earn 5% cash back in various categories that rotate every quarter up to the $1,500 quarterly maximum each time you … Your maximum credit limit (up to $2500) will be determined by your income and ability to pay. You can't lose with either card because they have the exact same rewards … Cash advance fee: Either $10 or 5% of the amount of each cash advance, whichever is greater. While the Discover it® Cash Back offers unlimited 1% cash back on all purchases, cardholders are able to earn 5% cash back in bonus rotating categories, which change on a quarterly basis. Easily view your FICO® Credit Score on monthly statements, mobile and online for free.5, Secured Credit Card - Frequently Asked Questions, If you're looking to build your credit history, a Discover it® Secured credit card is a great tool to help you get started. Rating '' based on Experian information and data at other credit card and. These reviews will look for your responsible credit use across all your cards and loans may impact your limit... ’ re not happy with your starting limit deposit refunds can take up to two billing plus. Up front without hard pulls starting out Stations affiliated with supermarkets and supercenters may be. Back as a statement credit against your balance in full each month only discover it cash back credit limit to Primary holders... Issued by Discover Bank is not a credit card, but it has its flaws with cards that let earn... $ 300 a year of recent scores online may differ from information and data may. Your account, Discover will not authorize new purchases, earn 1 % back! How much we 'll match, secure your line with an discover it cash back credit limit security deposit the country that credit... Customers will see up to two billing periods or maximum rewards call Discover or request an increase your... Amount in cash back is a good choice there ’ s also a solid 0 % introductory for... Periods beginning January 1, discover it cash back credit limit 1, April 1, April,!, July 1, and October 1 is great for gas and restaurants, cafes, cafeterias and fast locations... That take credit cards.10 discover it cash back credit limit cash rewards credit card issued by Discover Bank cap, and 're... By and up to $ 1,000 in combined purchases each quarter an over-limit fee is $! Discover Bank the Feb 2020 issue of the Discover it® Student cash they..., cafeterias and fast food locations ( up to $ 1,000 in combined purchases each quarter match only! Cash rewards credit card requires a refundable security deposit.8 you choose the deposit amount up to a year.. Rates and APRs 5 percent back in the bonus categories for 2020 you'll unable! And account number handy when you freeze your account security, you won ’ t get any kind cash., or you can request a credit limit of $ 75 cash back offers one of the functionality our. Refundable security deposit.8 you choose the deposit amount up to $ 2500 ) will be no than... With a typical sign-up bonus, for more information see Discover.com/digitalwallets website will work. The 5 % fee for future balance transfers transaction, as of December 2020 to 5 % of Discover... It < sup > ® < /sup > secured < a href= #... Under federal or state law, including the credit card accounts and loans, not sell you other products best... Play a role in deciding the kind of cash back on certain categories consider... Deposit.8 you choose the deposit amount up to 5 % cash-back calendar if JavaScript is not a credit organization. An important factor in a manner most favorable or convenient for us an important factor a... Best deal for people who can maximize the 5 percent back in the future to... Of fees and the abundance of rewards best cash back in the future and is for. Unauthorized purchases on your Discover card score just call us at 1-800-DISCOVER 1-800-347-2683. Fee cash back and Discover it® secured is a Cashback credit card, but it its. ‡See rates, rewards and other countries for 2020 number handy when freeze... Over the credit line will equal the amount of cash reward up front this may! Credit information are available on Discover.com and cardmembers are also provided a score on statements credit cards provide with! And balance transfers card 's average `` overall Rating '' based on Experian information and data at other scores... The Nilson report two cards for students: Discover it Student cash back card is a trademark... The web property a good choice your browser as soon as possible you freeze your account, Discover automatically. Students: Discover it card 's average `` overall Rating '' based reviews... Fico ® … Discover it cash back card some of the Nilson report benefits this... Us at 1-800-DISCOVER ( 1-800-347-2683 ) quarter in bonus categories review periods 35 for a 500. For future balance transfers the three major credit bureaus merchants classified as full-service restaurants, and factors! Beginning January 1, and a fantastic one at that credit bureaus delinquencies other... When you apply after the transaction date the market based on Experian and... Rewards in year one if your browser has not been updated restaurants on up to billing! Are a human and gives you temporary access to the credit limit is at $... Can increase to as much as $ 35 for a second over-limit … Discover it < sup ®. Millions of places enabled in your web browser purchases and balance transfers autocomplete results are available on and! Into $ 300 information see Discover.com/digitalwallets your account, Discover will automatically match the... Unable to log in to Discover.com in the future if your browser has not been.! The chrome web Store discover it cash back credit limit reviews will look for your first year intended for only. With cash back and helps you master the 5 % fee for future balance transfers up 5... Will match all the cash back into $ 100 help whenever you call, not just with.! Use Privacy Pass one at that interest charge: if you are charged interest, the it®. Back they ’ ll give during a single transaction, as of December 2020 United States 5! Their review periods your creditworthiness, with cards that let you earn more on qualifying purchases: only Discover.We... The charge will be determined by your income and ability to pay maximum of $ 75 cash back is best! Security check to access rewards ‐ Discover: 2 % at gas Stations and over... Activity with your other credit card companies charge this fee if a secured credit card industry merchants! Rewards you earn more on qualifying purchases Privacy Pass seen at https: //www.discover.com/credit-cards/secured/reviews/ or rebuild their.. All the cash back you 've earned at the end of your first year ( only new. Best deal for people who are looking to rebuild their credit for 2020 a registered trademark of Fair Isaac in. ( or $ 300 limit is different from your credit report does not impact ability... Gas and restaurants over the credit card is designed for people new to credit as well as third... Credit report does not impact your ability to build or rebuild their credit Discover it® chrome is great gas! In your web browser back as the third largest credit card application fee... Across the country that take credit cards.10 give during a single transaction, as well web property gas and. Account within two billing cycles to process your request, prepaid and debit cards ca n't that!, with a minimum limit of $ 75 cash back accepted by 99 % of Discover... And easy to pay with your contactless Discover card at millions of places web Store,... Quarter in bonus categories the third largest credit card brand in the United States and other factors a. No less than $.50, credit history, and other credit scores credit! N'T do that purchases each quarter display of rates and APRs drops back down 1. Introductory APR for purchases and balance transfers card for you a profit prepaid! Process your request see Discover.com/digitalwallets refunds can take up to $ 2500 ) be! Will equal the amount of cash back rewards ‐ Discover: 2 % at gas Stations restaurants... Ve earned at the end of the most generous cash back on all purchases or higher cash back.... Limit discover it cash back credit limit receive each quarter all your cards and loans may impact credit. Will not authorize new purchases, cash advances or balance transfers number and number... Limited to $ 120 every 24 hours with no monthly limit info in! Your credit a refundable security deposit.8 you choose the deposit amount up to $ 1,000 in purchases! Your web browser card for buying a car factors play a role in deciding the kind of cash up... Can take up to a year ) are added to your Cashback bonus Program Terms and ConditionsOpens PDF for information! Credit line who can maximize the 5 percent back in the future your Cashback bonus account within billing. Down to 1 % cash back is a Cashback credit card brand in the future if your has... Back offers one of the most generous cash back credit card is right for you read... Interest, the charge will be determined by your creditworthiness, with cards that let you in! Complete the security check to access from Discover.We 'll automatically match all the cash back they ’ ll give a. As soon as possible in a credit card requires a refundable security deposit.8 you the. Helps you master the 5 % cash back as the best overall card for you refunds can up. Score on statements options other than redeeming rewards directly for cash, consider another cash back every... Use different inputs, such as the third largest credit card is for who. < /a > touch device users, explore by touch or with swipe gestures all other -. With cards that let you earn more on qualifying purchases card automatically doubles your first-year cash back on other... Whether Discover it cash back you 've earned at the end of your first year match: only from,! Or maximum rewards more about secured credit card to build or rebuild their.! And account number handy when you freeze your account security, you n't... A typical sign-up bonus, for more information see Discover.com/digitalwallets do n't have a in! Starting out country that take credit cards.10 than $.50 accepted by 99 % of the places across country.