If you have the tolerance to track changing quarterly categories, the Discover it Cash Back card can earn generous rewards in areas most people are likely to find appealing. Past examples include supermarkets, gas stations and warehouse clubs. That gives this card staying power beyond the intro 0% offer on purchases and balance transfers.
Intro APR Offer: 0% Intro APR for 14 months from account opening on purchases and balance transfers (followed by the standard variable APR of 11.99% – 22.99%).
Annual Fee: $0
Welcome Offer: 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.
Balance Transfer Fee: 3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)*
Rewards: Earn 5% cash back in everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, gas stations and when you pay using PayPal, up to the $1,500 quarterly maximum when you activate. All other spending earns 1% cash back.
Other Benefits and Drawbacks: If you typically spend above and beyond the quarterly maximums, another card might yield better returns. The cashback match at the end of the first year could be a lucrative bonus, but it’s only a one-time reward.
Read our full review of the Discover it Cash Back Card.