The Highest Cash Back Card We've Come Across Has 0% Intro APR Until 2024
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The Highest Cash Back Card We've Come Across Has 0% Intro APR Until 2024Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.
Discover will automatically match all the cash back you’ve earned at the end of your first year!Earn 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, and gas stations, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases - automatically. Intro Offer: Unlimited Cashback Match – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! There’s no minimum spending or maximum rewards. You could turn $150 cash back into $300.
So what can this actually add up to in the real world? We calculate that cardholders can secure $1,306 alone from the first-year bonus and premium cash back. (See how below.) Not a bad return on investments for the 2-minute application process!
One thing we should note: it’s not uncommon to see credit card companies adjust the benefits on cards over time. While we don’t know if that’ll happen here, if you’re interested in the card we do recommend to make sure you don’t miss out on all of this card’s perks.
0% intro APR for 15 months for purchases -- on top of the high cash back rate, this card also features a very competitive 0% intro APR offer. This can be a smart way to finance larger purchases, or simply if you find yourself in a temporary bind and want to avoid interest until 2024.
0% intro APR for balance transfers -- The same length 0% intro APR for 15 months applies for balance transfers. If you have credit card debt, you can transfer it to this card to avoid interest charges for well over a year on that transferred balance. Plus, you could use the cash back you earn from the card to help pay off any previous debt. Remember, the go-to rate of 16.74% - 27.74% Variable APR applies after each intro period.
Earn up to 5% cash back -- Cardholders earn 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, gas stations, up to the quarterly maximum of $1,500 on purchases and when you activate. Category activation is easy: Discover will send you an email before each quarter, and then you simply activate with one click. All other purchases earn 1% cash back.
Unlimited Cashback Match sign-up bonus -- This is our favorite perk of the card, and one that is unique and highly 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 annual fee -- Credit cards packed with valuable features tend to charge a high annual fee, but not this card.
When you apply for Discover it® Cash Back, it is recommended that you have good to excellent credit and a FICO score of at least 670. If you’d like some tips on increasing your credit score above 670, see this page.
Credit cards with rewards and 0% intro APR offers are excellent, but remember, they are a tool to help you get the most out of your spending. The Ascent motto to follow:
You'll be hard-pressed to find a no-annual-fee cash-back card that offers as much value as this card. That's because of the combination of the card's lucrative 5% cash rewards program, cash back match in the first year, a long list of secondary perks, and cutting fees. Here's how the value adds up:
Simply put, Discover it® Cash Back is among the best cash-back cards we've come across.
Depending on what card is in your wallet today, there’s a high chance the Discover it® Cash Back card is a more lucrative upgrade -- and it could especially be an upgrade over debit cards, which have far worse fraud protections than credit cards and usually no rewards.
This card is a fantastic option for those looking for truly elite cash back potential or for a lengthy intro period of 0% interest (or both!). The fact that you get all of this for no annual fee makes the card a no-brainer for many consumers, in our opinion. These are all reasons why this card earned a spot in our experts' wallets, and why they use it regularly.We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The Ascent does not cover all offers on the market. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team.
*Average American budget per https://www.fool.com/the-ascent/research/average-monthly-expenses/. Includes the following categories earning 1% cash back: utilities and household operations, healthcare, apparel and services, education, vices, miscellaneous, personal care, reading, food, transportation, and entertainment.
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