Discover IT Cash Back Credit Card Review 2023 – Eligibility, How to apply & Pros – Cons

Discover IT Cash Back Credit Card Eligibility –

To be eligible for the Discover it Cash Back credit card, you must meet the following requirements:

• Be at least 18 years old
• Have a valid Social Security number
• Have a good to excellent credit score (generally above 670)
• Be a resident of the United States

In addition, you may be required to provide personal and financial information, such as your employment status, income, and monthly housing payments, during the application process.

It is important to carefully review the terms and conditions of the credit card before applying and any fees that may apply. It is also a good idea to check your credit score and credit report to ensure that it accurately reflects your credit history and financial situation. This will help you determine your eligibility for the credit card and identify any potential issues that may need to be addressed before applying.

How to apply for a Discover It Cash-back credit card?

To apply for the Discover it Cash Back credit card, you can follow these steps:

1. Visit the Discover official website and navigate the Discover it Cash Back credit card page.
2. Click on the “Apply Now” button.
3. Fill out the online application form with your personal and financial information, including your name, address, employment status, income, and monthly housing payments.
4. Review the terms and conditions of the credit card, including any fees and interest rates.
5. Submit your application and wait for a response.

It is important to carefully review the information you provide on the application form to ensure that it is accurate and complete. You should also read and understand the terms and conditions of the credit card before submitting your application. If your application is approved, you will receive your credit card in the mail within a few weeks.

• READ: Wells Fargo Reflect Credit Card Review
• READ: Chase Freedom Unlimited Credit Card Review

Discover it cash-back credit card Pros –

The Discover it Cash Back credit card has several benefits, including:

1. Generous cash back rewards: The Discover it Cash Back credit card offers 5% cash back on rotating categories that change each quarter and 1% cash back on all other purchases.
2. No annual fee: There is no annual fee for the Discover it Cash Back credit card, so you can earn cash-back rewards without paying additional fees.
3. 0% intro APR on purchases and balance transfers: The Discover it Cash Back credit card offers a 0% intro APR on purchases and balance transfers for the first 14 months. This can be a good option for those who need to make a large purchase or transfer a balance from another credit card.
4. Cashback match: Discover will match all the cash-back rewards you’ve earned at the end of your first year as a card member, essentially doubling your rewards.
5. Fraud protection: The Discover it Cash Back credit card offers fraud protection, so you can feel secure using it.
6. No foreign transaction fees: The Discover it Cash Back credit card does not charge any foreign transaction fees, making it a good option for international travel.

It is important to consider the credit card’s pros and cons before applying for and choosing a card that meets your financial needs and goals.

Discover it cash-back credit card Cons –

While the Discover it Cash Back credit card has many benefits, there are also a few potential drawbacks to consider:

1. Limited acceptance: Discover is not as widely accepted as Visa or Mastercard, so you may have difficulty using your Discover it Cash Back credit card at some merchants.
2. Penalty APR: If you miss a payment or make a payment that is returned, the Discover it Cash Back credit card has a penalty APR of up to 29.99% that can be applied to your account.
3. Balance transfer fee: The Discover it Cash Back credit card has a balance transfer fee of 3% (minimum $5) for each balance transfer.
4. Cashback restrictions: The 5% cash-back rewards are only available on rotating categories that change each quarter, and there is a quarterly maximum for earning rewards.
5. Credit score requirements: To be eligible for the Discover it Cash Back credit card, you generally need a good to excellent credit score (above 670). You may not be approved for the credit card if you have a lower credit score.

It is important to carefully consider these potential drawbacks before applying for the Discover it Cash Back credit card and to choose a credit card that meets your financial needs and goals.

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