Credit card packs in $1,148 of value

 Credit card packs in $1,148 of value

Bottom Line

  • Rotating bonus categories
  • Sign-up bonus offer
  • Great intro APR offer
  • No annual fee
  • No foreign transaction fee

Rewards

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 on all other purchases – automatically

Intro APR

Purchases: 0%, 14 months

Balance Transfers: 0%, 14 months

Ongoing APR

11.99% – 22.99% Variable APR

Welcome Bonus

Dollar-for-dollar match of all cash back earned the first year

Highlights

  • INTRO OFFER: Unlimited Cashback Match – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! There’s no minimum spending or maximum rewards. You could turn $150 cash back into $300.
  • 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.
  • Plus, earn unlimited 1% cash back on other purchases – automatically.
  • Redeem cash back in any amount, any time. Rewards never expire.
  • Use your rewards at Amazon.com checkout.
  • #1 Most Trusted Credit Card according to Investor’s Business Daily.
  • No annual fee.
  • Discover is accepted nationwide by 99% of the places that take credit cards.

Why we rate this as a top cash back card

0% intro APR for purchases — The card includes a 0% intro APR for 14 months for purchases.

0% intro APR for balance transfers — The same length 0% intro APR for 14 months applies for balance transfers. Note, the promo APR period extends for 14 months from the first transfer, not from account opening, as is common for balance-transfer credit cards. Cardholders must execute the transfer by a specific date to qualify, but starting the clock from the date of the first transfer does increase the versatility of this card.

Earn up to 5% cash back — Cardholders 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 of $1,500 on purchases and when you activate. All other purchases earn 1% cash back. Maxing out bonus categories each year is worth $300 cash back.

Unlimited Cashback Match sign-up bonus — Discover will automatically match all the cash back you’ve earned at the end of your first year. This sign-up bonus is only available during the first year and for new cardholders, but it can be particularly lucrative since the match is unlimited. Cardholders who max out bonus categories quarterly in the first year can expect a total of $600 cash back ($300 in bonus-bonus category cash back, plus another $300 with Discover’s match!).

$0 annual fee — Credit cards packed with valuable features tend to charge high fees or APRs. Discover it® Cash Back balances this relationship well and doesn’t charge an annual fee, making it a great fit for cardholders with modest credit spending needs, who won’t see their rewards get wiped out by an annual fee.

No foreign transaction fees — Foreign transaction fees can quickly add up when whipping out credit cards for purchases abroad. Fortunately, the card has nixed the typical 3% foreign transaction fee many card issuers charge.

How to secure $1,148 of value

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