Discover the Process of Applying for the Discover It Cash Back Credit Card
Heading: “Key Points to Know Before Applying for the Discover It Cash Back Credit Card”
The Discover It credit card offers a chance to earn up to 5% limitless cash back on purchases within select categories that change every three months!
The Discover It card allows you to earn unlimited 5% cash back on purchases in specific categories selected every quarter by Discover!
The 5% cash back rewards are managed through the Discover Cashback Calendar.
Every quarter, the bank updates a list of eligible categories for the 5% cashback rewards, ensuring they reflect common spending habits.
Categories like supermarkets, pharmacies, gas stations, streaming services, and travel are included. You also earn 1% cash back on all other purchases.
You have various ways to redeem cash back rewards, including transferring to your bank, using it as a statement credit, or shopping at Amazon.com and PayPal.
Additionally, the card matches all cash back earned during the first year, with no ceilings on the amount.
For instance, if you earn $300 in cash back, you’ll receive another $300 as a bonus for clients.
No registration is needed for Cashback Match; just use the card, and the unlimited match will be applied automatically.
If you believe Discover’s Cash Back program could improve your everyday life, keep reading.
Who Can Apply?
To be eligible for Discover, you need to meet criteria such as being a legal U.S. resident, having an active bank account, and possessing a Social Security number.
Additionally, applicants must be at least 18 years old, or 19 in certain states.
It’s crucial to provide proof of your annual income, as this greatly influences the potential credit limit.
The Discover It Cash Back card tends to be approved for individuals with a solid credit history, typically reflected in a score ranging from 670 to 850.
Those who haven’t reached this credit level should concentrate on improving their credit. There are various cards tailored for this purpose, providing good options.
How to Apply for the Discover It Cash Back Card?
To begin your application, head over to the Discover website and click on the “Apply Now” button.
Initially, applicants will need to provide basic information on the site, including their ZIP code, the last four digits of their Social Security number, and their birth date.
During the application, Discover may require additional contact and income information, such as your name, address, email, phone number, and monthly income.
Applicants may also need to provide extra documentation, such as proof of residence and financial status, including recent pay stubs and bank statements.
Once the application is completed, Discover conducts a comprehensive review of the credit limit, which includes assessing the applicant’s credit score.
Further Details
The introductory period features a 0% APR for 15 months on purchases and 3% for balance transfers. Following this, the standard variable APR for purchases ranges from 17.24% to 28.24%, with a 5% fee for balance transfers.
Discover distinguishes itself by providing 25 unique card designs for customers to select from, and the application process is known for being swift and seamless.
The Discover card also includes added perks, like online privacy protection features to safeguard your information, accessible via the Discover app.
If your card is lost or stolen, you can swiftly halt all transactions by using the Freeze It function, simply toggling the on/off button in the app or on the website.
Moreover, cardholders benefit from fraud protection against unauthorized charges.
Curious about an alternative option?
For those aiming to reduce debt through balance transfers, the Discover It card is tailored for that purpose.
This card provides extra benefits for better security and peace of mind; details on applying are provided below.
