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Among the myriad options available, the Discover It Cash Back Credit Card is popular for savvy consumers who want to maximize their rewards. So, what makes it a versatile addition to your wallet?
Checking out various Discover It Cashback Credit Card reviews like this can help you see how you can benefit from this card. Here, we discuss this card’s features, benefits, and potential drawbacks, helping you determine if it fits your financial lifestyle perfectly.
Features of Discover it® Cash Back Credit Card
The Discover It Cashback Credit Card has many features. One notable feature is the Online Privacy Protection. This free service, which you can activate through the Discover app, helps you regularly remove your personal information from select people-search websites that might sell your data.
Additionally, the card offers Free Social Security Number Alerts. If your Social Security Number is found on any of thousands of dark websites, Discover will notify you. This free feature adds an extra layer of security to protect your identity.
Another helpful feature is the Freeze it® function. If you ever misplace your card, you can quickly prevent new purchases, cash advances, and balance transfers with the Freeze it® on/off switch available on the mobile app and website. With just a few taps, you will have peace of mind and control over your account.
With the $0 Fraud Liability Guarantee, you won’t be held accountable for unauthorized purchases on your Discover Card. This ensures you’re protected from fraudulent activity.
The Discover Mobile app also helps you track all activities on your account, making it easier to manage your finances.
Lastly, you can choose your card design and color, personalizing your Discover It Cashback Credit Card to suit your style.
Pros and Cons of Discover it® Cash Back Credit Card
This card has advantages and disadvantages. They include:
Benefits
Here are some good things to expect:
- 100% U.S. Based Customer Service: You can reach a live agent anytime at 1-800-Discover (1-800-347-2683).
- Free Overnight Card Replacement: This provides convenience and security in case of loss, theft, or damage. Only P.O. boxes or addresses within the U.S. are applicable, and carrier limitations may apply.
- Valuable Miles: Automatically earn unlimited 1.5x miles for every dollar spent on any purchase – from hotels to groceries and online shopping.
- 5% Cashback: Earn 5% cashback on everyday purchases at various places you shop each quarter, such as grocery stores, restaurants, gas stations, and more, up to the quarterly maximum when you activate.
Cons
The main drawbacks include:
- Limited Cashback Match: Only for new card members.
- International Replacement Fees: Card replacement delivery fees apply if you are outside the US.
Rates and Fees
The Discover It Cashback Credit Card offers some attractive terms when it comes to rates and fees. For starters, an introductory purchase APR of 0% for the first 15 months from the date you open your account. After this period, the standard purchase APR kicks in.
If you’re considering transferring a balance, you’ll also enjoy a 0% intro APR for 15 months on transfers made by October 10, 2024. Afterward, the standard purchase APR applies.
The standard purchase APR ranges from 18.24% to 28.24% variable, depending on your creditworthiness. The APR is 29.99% variable for cash advances, and all variable APRs will adjust with the market based on the Prime Rate. If you do incur interest, the minimum charge will be at least $0.50.
There are some fees to be aware of. You’ll pay either $10 or 5% for cash advances, whichever is greater. Balance transfers come with a 3% introductory fee for transfers made by October 10, 2024, after which the cost can be up to 5%.
One of the best aspects of this card is that there’s no annual fee.
These rates and terms are as of May 31, 2024, and it’s always a good idea to review the latest details before applying.
Requirements and Eligibility Criteria
To be eligible for the Discover credit card, you must be a U.S. citizen of legal age. You’ll also need to provide personal details like your name, date of birth, Social Security Number, and address.
Initially, no hard inquiry is made to check your credit reports for Discover it cash back credit card pre-approval. However, if you decide to proceed with the application after receiving a pre-approval offer, this will trigger a hard inquiry, which could affect your credit score.
It’s important to note that receiving a pre-approval offer doesn’t guarantee final approval for the credit card.
How to apply for the Discover it® Cash Back Credit Card
The application process for a Discover credit card is a simple process. You can start by visiting the Discover website and clicking the “Apply Now” button. This action will redirect you to a secure page where you must provide your personal information.
To make the application quick, Discover can pre-fill specific fields of the form, if you provide a few details such as the last four digits of your Social Security Number, your ZIP Code, and your date of birth.
It’s crucial to review Discover’s Privacy Policy before submitting the form. It helps you to understand how your data is handled and protected throughout the application process.
Conclusion
The Discover it® Cash Back Credit Card is a standout choice for consumers seeking to maximize rewards while managing their finances responsibly.
It is a versatile financial product that combines rewarding benefits with solid consumer protection, making it a compelling option for savvy cardholders. So, consider applying if it sounds like a great addition to your wallet.
