Learn How to Apply for the Discover It Cash Back Credit Card

Essential Insights Before You Apply for the Discover It Cash Back Credit Card

The Discover It card provides an impressive 5% unlimited cash back on select purchases in categories updated every quarter by Discover!

The Discover It card offers up to 5% unlimited cash back on purchases in selected categories chosen every three months by Discover!

These 5% cash back rewards are available through the Discover Cashback Calendar.

Every quarter, Discover unveils an array of eligible categories for the 5%, which often includes everyday expenses to cover your common spending needs.

Discover It has already highlighted categories like grocery stores, drugstores, gas stations, streaming platforms, and travel. For everything else, you’ll earn a steady 1% cash back.

You can redeem your cash back in various ways, such as direct deposit to your bank account, applying it as a credit on your bill, or using it for purchases on Amazon.com and PayPal.

Moreover, the card offers an unlimited dollar-for-dollar match on all cash back earned during the first year for cardholders.

For example, if you accumulate $300 in cash back, you’ll receive an additional $300 as a bonus after your first year.

No need to enroll for the Cashback Match; just use your card for purchases, and the match will be applied automatically.

If you think Discover’s Cash Back could enhance your daily expenses, keep reading.

Eligibility Criteria

See how to receive up to 5% cash back. Photo by Freepik.

Discover has specific criteria, such as being a legal resident of the U.S. with an active bank account and Social Security number.

Additionally, applicants must be adults aged 18 or older, or 19 in certain states.

When it comes to income, it’s essential to submit proof of your yearly earnings, as this factor significantly impacts the determination of your credit limit.

Individuals with good to excellent credit have a higher chance of being approved for the Discover It Cash Back card, which usually means having a credit score between 670 and 850.

Therefore, those who haven’t reached this credit level should focus on enhancing their credit score, as there are various cards available designed for this purpose.

What’s the Application Process for the Discover It Cash Back Credit Card?

To kick off your application, head over to Discover’s website and hit the “Apply Now” button.

At first, the site will ask for essential details like your ZIP code, the last four digits of your Social Security number, and your date of birth.

As you continue with the application, Discover might ask for further contact information and details about your income, such as your full name, complete address, email, phone number, and your monthly income.

During this phase, applicants may need to provide supporting documents, like proof of residence and income, which could include recent pay stubs and bank statements.

Once the application is filled out, Discover will carry out a thorough evaluation of the credit line, which involves checking the applicant’s credit score.

Additional Information

The introductory 0% APR lasts for 15 months on purchases and 3% on balance transfers. After this period, the standard variable APR ranges from 17.24% to 28.24% for purchases and 5% for balance transfers.

A standout feature of Discover is the availability of 25 unique card designs for applicants to choose from, plus the application process is quite quick.

The Discover card also offers additional benefits, such as online privacy protection features that help keep your information secure, which can be activated through the Discover app.

If your card is lost or stolen, you can quickly stop all transactions by using the Freeze It feature, which is easily accessible via the app or website.

Additionally, cardholders enjoy protection against fraud for unauthorized charges made using the card.