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

Discover It Cash Back is an exceptionally effective credit card that provides thorough daily management along with a 5% reward. What’s the application process?

Key Insights Before Applying for the Discover It Cash Back Card

The Discover It card provides users with up to 5% unlimited cash back on select purchases in categories updated every three months by Discover!

The Discover It card provides users with up to 5% unlimited cash back on select purchases in categories updated every three months by Discover!

The 5% cash back rewards are managed through the Discover Cashback Calendar.

Every three months, Discover introduces a new list of eligible categories for the 5% cash back, often including common spending areas.

Currently, categories available for cash back include supermarkets, pharmacies, gas stations, streaming services, and even travel. For everything else, you earn 1% cash back.

You can redeem cash back through several options, such as direct deposit, statement credit, or making purchases on Amazon.com and PayPal.

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

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

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

If you think Discover’s Cash Back can enhance your daily spending, keep reading.

Eligibility Criteria

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

To apply, you need to meet specific criteria, such as being a legal resident of the U.S. with an active bank account and Social Security number.

You must also be at least 18 years old, or 19 in certain states.

When it comes to income, demonstrating your annual earnings is essential, as it significantly impacts the determination of your credit limit.

Getting approved for the Discover It Cash Back card is generally more attainable for those with good to excellent credit, usually indicated by a credit score between 670 and 850.

Therefore, those who haven’t reached this credit level should focus on enhancing their credit scores. There are various cards available specifically for this purpose, offering suitable choices.

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

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

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

As you move forward with the application, Discover might request more contact information and details about your income, including your full name, address, email, phone number, and monthly salary.

During this process, applicants may need to provide supporting documents, such as proof of residence and income, like recent pay stubs and bank statements.

After submitting the application, Discover will conduct a thorough review of your credit line, which includes evaluating your credit score.

Additional Information

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

A unique aspect of Discover is its offering of 25 different card designs that users can choose from. Plus, the application process is notably quick.

The Discover card also comes with extra benefits, such as online privacy protection features to secure your data, which can be activated through the Discover app.

If your card is lost or stolen, you can quickly halt all transactions using the Freeze It feature, which is available via a simple toggle in the app or on the website.

Additionally, cardholders enjoy protection against fraudulent charges for any unauthorized use of the card.