Discover It Card

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Earn big‑time cash back that never expires with Discover it®.

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Get the credit card that's got it all: Discover it®.

Discover it® gives you big‑time cash rewards with 100% U.S.‑based customer service.

Discover it® Card

Sponsored

Get the credit card that's got it all: Discover it® 

Discover it® gives you big‑time cash rewards with 100% U.S.‑based customer service.  

Sponsored

Earn big‑time cash back that never expires with Discover it®

Earn big-time cash back that never expires with Discover it. See Rewards
What Exactly Is Cash Back?

Cash back is a perk offered by many credit cards. Cash back refers to a partial reimbursement for the money you spend on your credit card—usually 1% or so—and sometimes a higher percentage (2-5%) on certain purchases, like those made at restaurants, gas stations or other places. These higher-return categories might update quarterly, offereing different deals at different times of the year.

There is often an upper limit on what you can spend and earn cash back for. For example, your card may offer 1% cash back on all purchases, but let you activate 5% cash back at grocery stores up to $1,500 for the quarter. Be sure to read the fine print to fully understand (and take advantage of) your card’s cash back offer.

How to Redeem Cash Back

Cash back can be issued in a number of ways:1

Monetary Reimbursement: Some cards will mail you an annual check reflecting the cash back you earned that year, or allow you to request a check once your balance reaches a minimum amount, like $100. Some may allow you to cash out without a minimum, and some may skip checks altogether in favor of wiring money directly to your bank account.

Statement Credit: You can often get cash back in the form of a statement credit. This means that the cash back you have earned will be deducted from your credit card bill.

Rewards Points: Another way to get cash back is in the form of rewards points. Your credit card account will tally up the points you earn, and you can exchange those points for statement credits, gift cards, travel and more.

Discover It Card

Earn big‑time cash back that never expires.

Sponsored

Earn big‑time cash back that never expires with Discover it®.

Sponsored

Get the credit card that's got it all: Discover it®.

Discover it® gives you big‑time cash rewards with 100% U.S.‑based customer service.

Discover it® Card

Sponsored

Get the credit card that's got it all: Discover it® 

Discover it® gives you big‑time cash rewards with 100% U.S.‑based customer service.  

Sponsored

Earn big‑time cash back that never expires with Discover it®

Earn big-time cash back that never expires with Discover it. See Rewards

 As Always, Be Responsible

Cash back is not to be misinterpreted as an incentive to spend too much . Look at it instead as a bonus for the money you would spend regardless of whether you were earning rewards. (The last thing you should do is charge more than you can afford just to get more cash back.) If you overspend and fall into debt, you risk running up interest charges that could wipe out the perks of rewards.

Be sure to pay your credit card bills on time, every time. And pay as much as you can to avoid interest charges.

1 http://www.creditcards.com/credit-card-news/cash-rebate-credit-cards-1277.php

Legal Disclaimer: This site is for educational purposes and is not a substitute for professional advice. The material on this site is not intended to provide legal, investment, or financial advice and does not indicate the availability of any Discover product or service. It does not guarantee that Discover offers or endorses a product or service. For specific advice about your unique circumstances, you may wish to consult a qualified professional.

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  • Discover It Card

    Earn big‑time cash back that never expires.

    Sponsored

    Earn big‑time cash back that never expires with Discover it®.

    Sponsored

    Get the credit card that's got it all: Discover it®.

    Discover it® gives you big‑time cash rewards with 100% U.S.‑based customer service.

    Discover it® Card

    Sponsored

    Get the credit card that's got it all: Discover it® 

    Discover it® gives you big‑time cash rewards with 100% U.S.‑based customer service.  

    Sponsored

    Earn big‑time cash back that never expires with Discover it®

    Earn big-time cash back that never expires with Discover it. See Rewards
Earn big-time cash back that never expires with Discover it. See Rewards