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

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

The Discover It card provides up to 5% unlimited cash back on purchases made in select categories that change every three months!

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

The 5% cash back rewards are part of the Discover Cashback Calendar.

Every three months, Discover unveils a new list of eligible categories for the 5%, often changing to include the most frequent purchases.

Currently, Discover It has designated categories like supermarkets, pharmacies, gas stations, streaming services, and even travel. For other purchases, you will still earn 1% cash back.

Cash back can be redeemed in various ways, including direct deposits to your bank, statement credits, or using it for purchases on Amazon.com and PayPal.

Additionally, the card offers an unlimited dollar-for-dollar match on all cash back earned by the cardholder at the end of the first year.

For example, if you earn $300 in cash back, you’ll get an extra $300 as a long-term bonus for loyal customers.

No enrollment is needed for the Cashback Match; just use your card for purchases, and the unlimited match will be automatically credited.

If you think Discover’s Cash Back could enhance your daily spending, keep reading for more information.

Who is Eligible to Apply?

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

Discover has certain criteria, including being a legal resident of the United States, possessing an active bank account, and having a Social Security number.

Moreover, applicants must be at least 18 years old, or 19 in some states.

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

Getting approved for the Discover It Cash Back card is more probable for those with good to excellent credit, typically shown by a credit score between 670 and 850.

Therefore, those who haven’t reached this creditworthiness level should focus on enhancing their credit. There are numerous cards designed specifically for this aim, offering practical choices.

How Can I Apply for the Discover It Cash Back Credit Card?

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

At first, the site will ask users to provide essential details, including their ZIP code, the last four digits of their Social Security number, and their birth date.

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

During this phase, applicants may need to submit documents like proof of income and residency, including recent pay stubs and bank statements.

Once the application is completed, Discover carries out a thorough evaluation of the credit line, which includes reviewing the applicant’s credit score.

Additional Information

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

A standout aspect of Discover is its offering of 25 different card designs for users to select from. Plus, the application process is quite fast.

The Discover card also comes with extra benefits, including online privacy protections that can be activated through the Discover app to keep your data safe.

If your card is lost or stolen, you can quickly block all transactions using the Freeze It feature, which is available through the app or website by toggling the switch.

Additionally, cardholders enjoy protection against fraud for any unauthorized transactions made using their cards.