Discover it® - Cashback Match™ Discover it<sup>®</sup> - Cashback Match™
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Discover it® - Cashback Match™ Review

Apply for a Discover it® - Cashback Match™ card
Rating:
Bottom Line:
Matches your cash back at end of 1st year; 14-month 0% intro APR on purchases & balance transfers.

Full Review:
The Discover it® - Cashback Match™ card is a good fit for anyone who wants the opportunity to earn significant cash back rewards as well as enjoy a 0% APR on purchases and balance transfers for the first 14 months of card ownership. For additional peace-of-mind, Discover is also ranked as one of the top-rated cards for customer satisfaction according to J.D. Power's 2017 credit card satisfaction study. The best part is the Discover it® - Cashback Match™ card is available to those with average to excellent credit, which is usually a credit score of 670 or higher.

Discover it® - Cashback Match™ cash back rewards start with 5% cash back (up to the quarterly max - currently $1,500 - then 1% back) in rotating quarterly categories and a standard 1% cash back on all other purchases. The 5% category for Q3 (July 1st - September 30th) is restaurants, and for Q4 (October 1st - December 31st) the categories are Amazon.com and Target - just in time for holiday shopping! You do need to sign up for the 5% back each quarter, but Discover offers free automatic reminder emails (just make sure to register for them in your online account) to help keep you on track.

In addition, Discover it® - Cashback Match™ users will earn double the cash back they've earned in their first year of card ownership. That's a big deal! You will literally get 2x the cash back you earned in the first year. That means if you earn $250 in your first year, Discover will double it to $500. If you do the math it's like getting 10% cash back in rotating categories the first year you have the card! So plan ahead and apply now to earn that 10% back on your Q4 holiday shopping at Amazon.com and Target.

Card perks include a free TransUnion FICO® Score on your monthly statement, which can help keep track of your credit over time. Although Equifax and Experian scores aren't provided, it's nice that the TransUnion score is included as it's at least one data point in your credit history. In addition, if you've been known to be late on your monthly payment from time-to-time you'll appreciate that paying late won't raise your APR, and that there's no late fee for your first late payment. And globetrotters will enjoy no foreign transaction fees on purchases made outside the U.S.

Also included is the Discover Freeze it feature, which allows Discover it® - Cashback Match™ users to "freeze" their account from their smartphone or computer if their card is misplaced. Freezing the account prevents new purchases, cash advances and balance transfers from occurring. This is a great feature, especially in those situations where you're not sure where your card is but you're not quite ready to call and have it cancelled. On top of this feature, Discover is providing free identity theft protection alerts, which can help protect cardholders from identity theft and fraud. The protection includes the monitoring of dangerous websites for personal information, and also guarding against any new accounts (credit card, mortgage, etc) being opened in your name. If any of these things happen you will receive and alert via email and/or text.

Overall Discover it® - Cashback Match™ is a smart pick for anyone wishing to combine generous cash back rewards (2x cash back in the first year!) with a 0% intro APR on purchases and balance transfers. It is also a good card for travelers as it has no foreign transactions fees.

Highlights From Discover
  • New! Free Social Security Number alerts, we'll monitor thousands of risky websites when you sign up.*
  • You could turn $150 into $300 with Cashback Match™. Get a dollar-for-dollar match of all the cash back you've earned at the end of your first year, automatically.
  • Earn 5% cash back in rotating categories each quarter like gas stations, Amazon.com, restaurants, wholesale clubs and more, up to the quarterly maximum each time you activate. Plus, 1% cash back on all other purchases.
  • Redeem your cash back for any amount, any time. Cash rewards never expire.
  • 100% U.S. based customer service.
  • Get your FICO® Credit Score for free on monthly statements, on mobile and online.
  • No annual fee.
  • Click "APPLY NOW" to see rates, rewards, FICO® Credit Score terms, Cashback Match™ details & other information.

Rewards
  • Discover will automatically double all the cash back you've earned at the end of your first year. This offer is only for new cardmembers.
  • Earn 5% cash back in rotating categories each quarter up to the quarterly maximum (currently $1,500) each time you activate.
  • Earn 1% cash back on all other purchases, with no limit on how much you can earn.
  • Earn 5% to 20% Cashback Bonus through exclusive online shopping mall.

Redeem Rewards
  • Rewards are redeemable in any amount at any time.
  • Deposit into your bank account or credit your Discover card account.
  • Turn your cash rewards into more when you redeem for gift cards or eCertificates from over 100 brand-name Partners.

Fees and APR
  • Annual Fee: $0
  • Foreign Transaction Fee: None.
  • 0% Intro Purchase APR: 0% APR for the first 14 months, then Purchase APR.
  • Purchase APR: 11.99% – 23.99% Variable, depending on creditworthiness.
  • Balance Transfers: 0% Intro APR for 14 months, then Purchase APR. Balance transfer fee is 3% of the amount of each transfer.


Apply for a Discover it® - Cashback Match™ card

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Card Details

Features:Matches your cash back at end of 1st year; 5% cash back on purchases within select categories up to the quarterly maximum (signup required); 1% on all other purchases
Purchase APR:0% for 14 months, then 11.99% – 23.99% Variable
Balance Transfer APR:0% for 14 months, then 11.99% – 23.99% Variable
Annual Fee:$0
Credit Needed:Excellent, Good, Average

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