Discover it® Cash Back

The Cash Back Champion: Up To 5% Cash Back Plus 0% Intro APR Into 2027

Last updated Nov. 3, 2025 | By FinanceBuzz Editors

A simple but high-earning cash back card that you can use for your everyday purchases is a game changer.

FinanceBuzz's credit card experts reviewed dozens of cash back credit cards, and the Discover it^® Cash Back(Rates and fees) is one of our top picks thanks to the ability to earn up to 5% cash back and a generous welcome bonus that doubles your cash back at the end of your first year, all with no annual fee. In fact, our editors estimate the value of this card to be worth $1,070 in the first year based on its amazing benefits.¹ These values are based on the <a href="https://financebuzz.com/financebuzz-credit-card-valuation">FinanceBuzz Credit Card Rewards Valuation Model</a>, which takes a look at rewards earned via spending, the welcome offer, and the annual fee. We used a valuation of 1 cent/point unless otherwise stated above. These are estimated values - your actual earnings will depend on how much you spend and in what categories.

Top Pick

Discover it^® Cash Back

4.7

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on Discover's secure website

Rates and fees

More Details +

What you need to know:

Earn 5% cash back on everyday purchases at different places you shop each quarter like grocery stores, restaurants, gas stations, and more, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases.
Discover will match all the cash back you’ve earned at the end of your first year.
0% intro APR for 15 months on purchases and balance transfers, APR then 17.99% - 26.99% Variable.
$0 annual fee.

The Discover it^® Cash Back stands out from other cash back cards for its high reward rate and amazing welcome bonus. It's hard to find another option that offers so much value with no annual fee.

What we like about the Discover it^® Cash Back

Where this card really shines is the opportunity to rack up cash rewards, especially in year one with its generous welcome offer.

Earn 5% cash back on everyday purchases at different places you shop each quarter like grocery stores, restaurants, gas stations, and more, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases.

On top of that, for new cardholders, Discover will match all the cash back you’ve earned at the end of your first year. The up to 5% cash back reward rate and bonus offer could earn you up to 10% cash back your first year!

More benefits and perks

No caps on intro bonus rewards: No matter how much cash back you earn in your first year, you will be matched that amount. Plus, there is no minimum spending requirement — a rarity for welcome offers.
Rotating 5% cash back categories: Activate each quarter's 5% cash back rotating categories to maximize your rewards (up to the quarterly maximum, then 1% cash back). You could earn 5% cash back on everyday purchases at different places you shop each quarter like grocery stores, restaurants, gas stations, and more, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases.
One-to-one cash back value: Redeem cash back for any amount. Redemption options include a statement credit, bank account deposit, or gift cards to dozens of popular retailers.
0% Intro APR: Enjoy an introductory 0% APR for 15 months on purchases (then 17.99% - 26.99% Variable), and a 0% intro APR on balance transfers for 15 months (then 17.99% - 26.99% Variable). That means taking a break from interest into 2027.
No initial late payment fee: The first time you're late with a payment, there's no late payment fee. If you miss a subsequent payment, you will pay a fee of up to $41. Discover also doesn't charge a penalty APR.
No annual fee: Keep even more money in your wallet — with the Discover it^® Cash Back, the annual fee is simply $0.
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How to secure $1,070 worth of value

Reward credit cards can provide huge value, but pinpointing exactly how much value can be a challenge. That's where we, the FinanceBuzz editors, come in. We've created a valuation formula to help you compare rewards across cards. We estimate the value of this card to be $1,070 in the first year.¹ These values are based on the <a href="https://financebuzz.com/financebuzz-credit-card-valuation">FinanceBuzz Credit Card Rewards Valuation Model</a>, which takes a look at rewards earned via spending, the welcome offer, and the annual fee. We used a valuation of 1 cent/point unless otherwise stated above. These are estimated values - your actual earnings will depend on how much you spend and in what categories. This value does not account for bonus category spending, so you could increase the value even more by taking advantage of the cash back categories each month. Also, this is an estimated value — your actual earnings will depend on how much you spend in a typical year.

Who is the Discover it^® Cash Back best for?

The Discover it^® Cash Back is a great choice for anyone who:

Has good to excellent credit: Discover it^® Cash Back is a good choice for applicants with a credit score of 670+.
Wants cash back rewards: It's hard to beat earning up to 10% cash back in your first year thanks to the up to 5% cash back quarterly reward rate combined with a generous bonus offer.
Likes to maximize their rewards: With rotating 5% categories, you can take advantage of the boosted reward rate each quarter. You can earn 5% cash back on everyday purchases at different places you shop each quarter like grocery stores, restaurants, gas stations, and more, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases.
Needs to finance a large purchase over time or pay down high-interest debt: You can breathe a little easier and give yourself time to pay down a new or transferred balance thanks to 0% intro APR for 15 months on purchases and balance transfers, then the APR is 17.99% - 26.99% Variable.

Bottom Line

The Discover it^® Cash Back is a great choice for a cash back credit card. Cardholders can benefit from a generous welcome offer, earn up to 5% cash back, and enjoy an introductory no-interest period on purchases and balance transfers — all without an annual fee.

Cash Back Rewards: Earn 5% cash back on everyday purchases at different places you shop each quarter like grocery stores, restaurants, gas stations, and more, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases.
Amazing Welcome Offer: Discover will match all the cash back you’ve earned at the end of your first year.
No Caps on Intro Bonus Rewards: There is no minimum spending threshold and no maximum to the amount of cash back rewards you can earn with the first-year bonus.
Low Intro APR: Enjoy a 0% introductory APR for 15 months on purchases and balance transfers. After the intro period, the APR is 17.99% - 26.99% Variable.
$0 Annual Fee: On top of no annual fees, there are no foreign transaction fees.

>> Click here to apply now and earn up to 10% cash back your first year

Benefits

Card Details

$0 annual fee
Intro APR on purchases and balance transfers
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INTRO OFFER: Unlimited Cashback Match for all new cardmembers–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.
Earn 5% cash back on everyday purchases at different places you shop each quarter like grocery stores, restaurants, gas stations, and more, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases.
Redeem cash back for any amount
Apply now and you could get a decision in as little as 90 seconds. No annual fee.
Start shopping and earning rewards in minutes with your virtual card, before your physical card arrives in the mail, if eligible.
Get a 0% intro APR for 15 months on purchases. Then 17.99% to 26.99% Standard Variable Purchase APR applies, based on credit worthiness.
Terms and conditions apply.