Discover it® Cashback Match Review

The Discover it® Cashback Match™ comes in two versions. The long balance transfer version offers a 0% APR for 18 months, but 0% APR on purchases for just 6 months. With this version, you get 0% APR on both balance transfers and purchases for 12 months.

Discover itDiscover has always been best known for offering 5% cash back in rotating categories and that hasn’t changed. This version of the Discover it® offers a 0% APR introductory rate on balance transfers and purchases for 12 months. It also comes with no annual fee and provides free access to your FICO score.

Discover it® Cashback Match™ Snapshot

  • You could turn $200 into $400 with Cashback Match™. We’ll automatically match all the cash back you earn at the end of your first year. New cardmembers only.
  • Earn 5% cash back in new bonus categories like gas, restaurants, Amazon and more – up to $1500 every quarter you activate. Plus, unlimited 1% cashback on all other purchases.
  • Redeem your cash back for any amount, any time. Cash rewards never expire.
  • 100% U.S. based customer service.
  • FICO® Credit Scores for free on statements and online.
  • Click “Apply Now” to see rates, rewards, FICO® Credit Score terms, Cashback Match™ details & other information

Rewards Program

There are three components of the Discover it® rewards program: (1) 5% cash back; (2) 1% cash back; and (3) Double cash.

1.  5% Cash Back: This card offers 5% cash back on categories that change each quarter. These categories include gas, home improvement and department stores. They are rotating categories which change every quarter so you have to stay on top of what the categories are so you can maximize your earning.

Keep in mind that the 5% cash back is on $1,500 in combined purchases per quarter. Once you’ve charged $1,500 to the card for the 5% category, any additional purchases will earn 1% cash back.

2. 1% Cash Back: On all purchases that fall outside the 5% categories you will earn 1% cash back with no spending tiers or caps.

3. Double Cash: The first year only, Discover doubles your cash back at the end of the year.

0% Introductory Rate

The card offers a 0% introductory rate on purchases and balance transfers for 12 months. Note that there is a 3% fee on balance transfers. There is no fee for taking advantage of the 0% introductory APR on purchases.

Other Perks

The Discover it® card offers several additional benefits:

  • Freeze ItSM on/off switch for your account: This cool feature enables you to freeze or unfreeze your card in seconds with Discover’s mobile app or via its website. This is a great feature if you lose or misplace your card.
  • Track your recent FICO® Credit Scores for free: Stay on top of your credit and avoid surprises. Now you can see your recent FICO® Credit Scores in one easy-to-read chart on monthly statements and online. Plus see the key factors online from your credit history that affect your score the most.
  • $0 Fraud Liability: You’re never responsible for unauthorized purchases on your credit card.
  • Last Minute Payment: Pay your bill up to midnight (ET) the day it’s due by phone or online.

What we like about the Discover it® Card

  • Up to 5% cash back
  • 0% introductory APR
  • Double cash back the first year
  • No annual fee
  • Free access to your FICO® score

What could be better

  • The 5% cash back has a spending cap
  • You must sign up each quarter to qualify for the 5% cash back
  • No signup bonus
  • Requires Good/Excellent Credit
    Excellent Credit
    Credit cards for excellent credit are
    intended for those with a credit score of 700 or Higher.
    Get Your Free Score

Summary

  • You could turn $200 into $400 with Cashback Match™. We’ll automatically match all the cash back you earn at the end of your first year. New cardmembers only.
  • Earn 5% cash back in new bonus categories like gas, restaurants, Amazon and more – up to $1500 every quarter you activate. Plus, unlimited 1% cashback on all other purchases.
  • Redeem your cash back for any amount, any time. Cash rewards never expire.
  • 100% U.S. based customer service.
  • FICO® Credit Scores for free on statements and online.
  • Click “Apply Now” to see rates, rewards, FICO® Credit Score terms, Cashback Match™ details & other information
  • More Details: Discover it® Cashback Match™
  • Regular Purchase APR: 11.24%-23.24% (Variable)
  • Penalty APR: None
  • Annual Fee: $0
  • Late Payment Fee: None the first time you pay late. After that, up to $35.
  • Foreign Transaction Fee: None
  • Ideal for those who want a 5% cash back card
  • A good choice for those looking for a 0% APR introductory rate
  • Well suited for those wanting a rewards card with no annual fee
  • Requires Excellent Credit
    Excellent Credit
    Credit cards for excellent credit are
    intended for those with a credit score of 700 or Higher.
    Get Your Free Score

 

Discover it® Review – 0% Balance Transfer for 18 Months

The Discover it® – 18 Month Balance Transfer Offer credit card offers a combination of lucrative cash back rewards, 0% introductory APR on balance transfers and purchases, free access to your FICO score, and all without charging an annual fee.

The Discover it® card is one of my favorites. I’ve carried Discover cards for well over a decade because of its 5% cash back categories. This card is discover 18also an excellent option for those wanting to transfer high interest credit card balances to a 0% card. With no annual fee, no over limit fee, no foreign transaction fee and no late fee on your first late payment, the Discover it® card is extremely consumer friendly.

Discover it® – 18 Month Balance Transfer Offer Snapshot

  • You could turn $200 into $400 with Cashback Match™. We’ll automatically match all the cash back you earn at the end of your first year. New cardmembers only.
  • Earn 5% cash back in new bonus categories like gas, restaurants, Amazon and more – up to $1500 every quarter you activate. Plus, unlimited 1% cashback on all other purchases.
  • Redeem your cash back for any amount, any time. Cash rewards never expire.
  • 100% U.S. based customer service.
  • FICO® Credit Scores for free on statements and online.
  • No annual fee
  • More Details–Discover it® – 18 Month Balance Transfer Offer

Rewards Program

The Discover it® card offers a two-tier cash back rewards system:

1. 5% Cash Back: Discover offers card members 5% cash back on up to $1500 in purchases each quarter in select categories. The category of purchases that qualify change each quarter. Categories include purchases on gas, restaurants and home-improvement stores.

2. 1% Cash Back: On purchases above the quarterly $1500 limit or in categories that don’t qualify for the 5% rewards, Discover pays one percent cash back.

0% Introductory Rate

This version of the Discover it® card is best known for its balance transfer offer. You get a 0% introductory APR on balance transfers for 18 months. The card also offers a 0% introductory rate on purchases for a period of 6 months. This is ideal if you are making a big purchase and you know you will need some extra time to pay it off.

Other Perks

The Discover it® Card offers several additional benefits:

  • Redeem Any Amount, Any Time: You can redeem your cash back for any amount at any time. And your cash back never expires.
  • Freeze ItSM on/off switch for your account.: Misplaced your card? Now if you lose your card, you can Freeze ItSM to prevent new purchases, cash advances or balance transfers on your account. Freeze or unfreeze in seconds with our mobile app or website
  • Service and security built around you: Discovers 100% U.S. live service is available any time you call. Or rely on powerful, fast mobile and online service. Discover ships replacement cards overnight for free to any U.S. street address at your request—even on vacation. And Discover will never hold you responsible for unauthorized purchases on your Discover card.
  • Track your recent FICO Credit Scores for free: Stay on top of your credit and avoid surprises. Now you can see your recent FICO Credit Scores in one easy-to-read chart on monthly statements and online. Plus see the key factors online from your credit history that affect your score the most.

What we like about the Discover it® Card

  • Double cash back you’ve earned at the end of your first year
  • Up to 5% cash back
  • No annual fee
  • No foreign transaction fee
  • Free FICO score

What could be better

  • 5% rewards categories cap at $1,500 per quarter
  • Requires Excellent Credit
    Excellent Credit
    Credit cards for excellent credit are
    intended for those with a credit score of 700 or Higher.
    Get Your Free Score

Summary

  • You could turn $200 into $400 with Cashback Match™. We’ll automatically match all the cash back you earn at the end of your first year. New cardmembers only.
  • Earn 5% cash back in new bonus categories like gas, restaurants, Amazon and more – up to $1500 every quarter you activate. Plus, unlimited 1% cashback on all other purchases.
  • Redeem your cash back for any amount, any time. Cash rewards never expire.
  • 100% U.S. based customer service.
  • FICO® Credit Scores for free on statements and online.
  • No annual fee
  • More Details–Discover it® – 18 Month Balance Transfer Offer
  • Regular Purchase APR: 11.24% – 23.24% Variable
  • Penalty APR: None
  • Annual Fee: $0
  • Late Payment Fee: None
  • Foreign Transaction Fee: 0%
  • Opportunity to get double the cash back you’ve earned at the end of your first year
  • Ideal if used on select popular categories such as gas, restaurants, home improvement stores and more to earn 5% cash back
  • Ideal for those looking to a card that provides strong security with Discover’s Freeze ItSM which lets you switch on/off misplaced cards and more
  • Requires Excellent Credit
    Excellent Credit
    Credit cards for excellent credit are
    intended for those with a credit score of 700 or Higher.
    Get Your Free Score

BankAmericard Cash Rewards™ Visa Signature® Card – Up to 3% Cash Back

The BankAmericard Cash Rewards™ Visa Signature® Card is a rewards card ideal for those looking for a little of everything. The card offers excellent cash rewards, a $100 signup bonus, and a 0% introductory rate on purchases and balance transfers.

This card is one of the most popular on the site. It offers up to 3% cash back (see details below), a 0% introductory APR on purchases and balance transfers for 12 months, and a $100 cash signup bonus (again, see details below). And it manages to do this without charging an annual fee. Excellent or good credit required.

BankAmericard Cash Rewards™ Visa Signature® Card Snapshot

  • No annual fee
  • $100 online cash rewards bonus after you spend at least $500 on purchases in the first 90 days of account opening
  • Earn 1% cash back on every purchase, 2% at grocery stores and 3% on gas up to the first $1,500 in combined grocery/gas purchases each quarter
  • No changing categories and no expiration on rewards
  • 0% Introductory APR for 12 billing cycles for purchases AND for any balance transfers made in the first 60 days, then, 13.24% – 23.24% Variable APR. 3% fee (min $10) applies to balance transfers.
  • Get a 10% customer bonus every time you redeem your cash back into a Bank of America® checking or savings account
  • If you’re a Preferred Rewards client, you can increase that bonus to 25%-75%. Click “Apply Now” to learn more about Preferred Rewards.
  • More Details: BankAmericard Cash Rewards™ Visa Signature® Card

Rewards Program

There are several components to this card’s cash rewards program: (1) the $100 bonus; (2) 3% cash back; (3) 2% cash back; (4) 1% cash back; and (5) Bank of American customer bonuses:

1. $100 Bonus: Spend $500 within  the first 3 months and you will earn a $100 cash back bonus.

2. 3% Cash Back: Bank of America pays 3% cash back at on gas up on the first $1,500 in combined gas and grocery purchases each quarter. Note that the 3% is on gas purchases, but the limit combines gas and grocery purchases. I can hear you asking–where did the grocery purchases come from? I’m glad you asked.

3. 2% Cash Back: You’ll earn 2% on grocery purchases up to a combined spending limit of $1,500 on gas and groceries each quarter.

4. 1% Cash Back: On all purchases that fall outside these higher payout categories you will earn 1% cash back with no spending tiers or caps.

5. Bank of America Customers: You’ll earn even more if you bank at BofA. First, you’ll get a 10% customer bonus every time you redeem your cash back into a Bank of America® checking or savings account. And if you are a Preferred Rewards client, you can increase that bonus to 25%-75%.

BofA Cash Rewards

0% Introductory Rate

The BankAmericard Cash Rewards™ Visa Signature® Card offers an introductory rate of 0% for 12 months on purchases and for any balance transfers made in the first 60 days, then, 13.24% – 23.24% Variable APR. Note that there is a 3% fee (minimum $10) on balance transfers.

What we like

  • The $100 cash bonus
  • Up to 3% cash back
  • 0% introductory APR
  • No annual fee

What could be better

Summary

  • No annual fee
  • $100 online cash rewards bonus after you spend at least $500 on purchases in the first 90 days of account opening
  • Earn 1% cash back on every purchase, 2% at grocery stores and 3% on gas up to the first $1,500 in combined grocery/gas purchases each quarter
  • No changing categories and no expiration on rewards
  • 0% Introductory APR for 12 billing cycles for purchases AND for any balance transfers made in the first 60 days, then, 13.24% – 23.24% Variable APR. 3% fee (min $10) applies to balance transfers.
  • Get a 10% customer bonus every time you redeem your cash back into a Bank of America® checking or savings account
  • If you’re a Preferred Rewards client, you can increase that bonus to 25%-75%. Click “Apply Now” to learn more about Preferred Rewards.
  • More Details: BankAmericard Cash Rewards™ Visa Signature® Card
  • Regular Purchase APR: 13.24%-23.24% APR (Variable)
  • Penalty APR: Up to 29.99%, based on your creditworthiness
  • Annual Fee: $0
  • Late Payment Fee: Up to $37
  • Foreign Transaction Fee: 3%
  • Ideal for those who want a 3% cash back card
  • A good choice for those looking for a 0% APR introductory rate
  • Well suited for those wanting a rewards card with no annual fee
  • Requires Excellent/Good Credit
    Excellent Credit
    Credit cards for excellent credit are
    intended for those with a credit score of 700 or Higher.
    Get Your Free Score