Discover is upping the ante with their Discover it® credit card. Not only do they have a great rewards program, they are now offering $75 cash back when you make $500 in purchases within your first three months. That’s a 15% return!
I wrote a detailed review of the Discover it® credit card back in January. While they are still offering great rewards, they are now giving you back some serious cash. So, while I already did a review, I wanted to provide you with some of the great points with the Discover it card.
Discover it offers a rotating category list where you can earn 5% off your purchases. These categories change throughout the year and you have to sign up for them. Discover makes it super easy to sign up for the 5% cash back rewards, so you shouldn’t have any worry there. Some sample cash back categories are online shopping, gas, restaurants, and movies. The announce the cash back categories a few months before they go into effect. On top of the 5% cash back, you can earn 1% on all of your other purchases.
Discover it® Comparison
Here is a comparison chart that Discover provides to help you understand the features of the it® card. You might be surprised that Discover offers so much, but as I said, they do have a great rewards program.
Credit Card Churning
This $75 cash back offer from Discover is a great opportunity for those that enjoy credit card churning. As I have written about in the past, credit card churning should not be done unless you are good at handling your credit. You need a good credit score (check Credit Sesame or Credit Karma if you don’t know) and good self-control with how you spend. Churning credit cards is not for everyone. I don’t recommend it for people that are in debt or those that don’t have control over their credit card spending.
Cash Back Offer Details
Ok, here are the quick and easy details for the Discover it cash back offer. When you open a card (you can apply with the link below) and you make $500 in purchases within three months, then you earn $75. Yep, that is right, you only have to make $500 in purchases and Discover will give you $75 in cash back. This is one of the smallest purchase amounts in order to earn cash back.
Related: If you are looking for a travel card, earn $400 worth of travel rewards when you open and spend on the Barclaycard Arrival World Mastercard.