Discover it® Cash Back Review

Buys at 0% intro APR for 14-MonthsThe card comes with a high cash back rate and a competitive 0% intro interest rate. After the intro period, the go-to variable rate is in effect. This is a great way to finance large purchases or if you are in a temporary financial bind and wish to avoid interest through 2023.

Balance transfer – 0% Intro APRBalance transfers are subject to the same 14-month 0% intro APR. After the intro period expires, the go to variable rate becomes effective. You can transfer credit card debt to this account to avoid interest charges for well more than a year. The card also allows you to withdraw cash from it, which can be used to pay off your previous debt.

Get up to 5% cashbackCardholders can earn 5% cashback for everyday purchases at different locations each quarter such as Amazon.com and gas stations. The quarterly maximum is $1,500. It’s easy to activate a category: Discover will send an email prior to each quarter and you then click one button to activate. All other purchases earn 1% cashback

Sign up for unlimited cashback matchThis is my favourite perk, as it is unique and very valuable. Discover will automatically match all the cash back you’ve earned at the end of your first year for new cardholders, which can help lead to a truly incredible amount of cash back in your pocket.

$0 per year —The annual fee for credit cards with many premium features is usually high, but this card does not have that.