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

Unlock the potential of the Discover It Cash Back credit card, designed for seamless everyday usage with an impressive 5% rewards rate. What steps should I take to apply?

Essential Insights Before Applying for the Discover It Cash Back Card

The Discover It card allows you to earn up to 5% unlimited cash back on select categories that change every three months, as determined by Discover!

The Discover It card enables you to earn up to 5% unlimited cash back on purchases in selected categories that change quarterly.

The 5% cash back rewards are presented via the Discover Cashback Calendar.

Every quarter, the bank unveils new eligible categories for the 5%, which typically include common daily expenses.

Currently, Discover It includes categories like grocery stores, pharmacies, gas stations, streaming services, and travel. All other purchases earn 1% cash back.

You can redeem your cash back through various methods, such as direct bank deposits, statement credits, or using it for purchases on platforms like Amazon and PayPal.

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

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

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

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

Eligibility Criteria

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

Discover has specific eligibility criteria, including being a legal U.S. resident with a valid bank account and Social Security number.

Additionally, applicants must be at least 18 years old, or 19 in certain states.

When it comes to income, showing proof of your yearly earnings is essential, as this greatly impacts how your credit limit is assessed.

The chances of getting approved for the Discover It Cash Back card increase for those with good to excellent credit, typically reflected by a credit score between 670 and 850.

Therefore, those who haven’t reached this credit level should focus on enhancing their credit score. There are various cards available that cater to this need, offering practical solutions.

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

To start the application process, visit Discover’s website and click on the “Apply Now” button.

At first, the website will ask users to fill in essential details like their ZIP code, the last four digits of their Social Security number, and their birth date.

As you continue the application, Discover may require additional personal details and income information, such as your full name, address, email, phone number, and monthly income.

Throughout the application, you might need to submit supportive documents like proof of residence and income, including recent pay stubs and bank statements.

Once the application is completed, Discover performs a thorough evaluation of the credit line, which includes reviewing 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 unique aspect of Discover is its offering of 25 distinct card designs for applicants to select from. Plus, the application process is notably quick.

The Discover card also offers extra benefits, such as online privacy protection features that you can enable through the Discover app.

If your card is lost or stolen, you can quickly block all transactions using the Freeze It feature, available through the app or website by simply toggling the on/off button.

Additionally, cardholders enjoy protection against fraud liability for any unauthorized transactions made with their card.