FinanceBuzz's credit card experts reviewed dozens of cards with low introductory APRs, and the Discover it® Cash Back is one of our favorites for its long no-interest period on both purchases and balance transfers, incredible cash back rewards, no annual fee, and a welcome offer that doubles your cash back in the first year.
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What you need to know:
- 0% intro APR for 15 months on purchases and balance transfers, then 18.24% - 27.24% Variable.
- 5% cash back at different places each quarter up to the quarterly maximum when you activate.
- 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 annual fee.
The Discover it® Cash Back(Rates and fees) stands out from other intro APR cards as it offers this introductory rate on both purchases and balance transfers and the ability to earn cash back. 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
While some cards only offer an intro APR on purchases or balance transfers independently, the Discover it® Cash Back offers 15 months of an intro 0% APR on purchases and balance transfers, then 18.24% - 27.24% Variable. That means you could take a break from interest into 2026!
Even better, it’s rare to find a card that offers an introductory APR, cash back rewards, and a welcome offer that doubles your cash back in the first year.
More benefits and perks
- Earn up to 10% cash back: 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. To top it off, 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.
- 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 up to 5% cash back at restaurants, home improvement stores, and select streaming services from January through March 2025.
- One-to-one cash back value: Redeem your rewards for cash at any time. Redemption options include a statement credit, bank account deposit, or gift cards to dozens of popular retailers.
- Added personal data protection: Discover could help you reduce exposure of your personal information online by helping you remove it from select people-search sites that could sell your data. It’s free — activate with the mobile app.
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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.
- Apply online now
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: The Discover it® Cash Back is a good choice for applicants with a credit score of 670+.
- Wants to pay off a large purchase over time or pay down high-interest debt: Whatever your financial goals, the Discover it® Cash Back is a versatile card offering 0% intro APR for 15 months on purchases and balance transfers, then 18.24% - 27.24% Variable.
- Loves cash back rewards: It’s hard to beat the chance to 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.
Bottom Line
The Discover it® Cash Back is a great choice for a credit card. Who doesn’t love 15 months with 0% intro APR on purchases and balance transfers (then 18.24% - 27.24% Variable) — all without an annual fee?
- Low Intro APR: Enjoy a 0% introductory APR on purchases and balance transfers for 15 months. After the intro period, the APR is 18.24% - 27.24% Variable.
- 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.
- $0 Annual Fee: On top of no annual fees, there are no foreign transaction fees.
>> Click here to apply now and pay an intro 0% APR until 2026
Benefits
Card Details
- $0 annual fee
- Intro APR on purchases and balance transfers
- Dark web monitoring and other privacy protection services
- Apply Now
- 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 your rewards for cash at any time.
- Apply and you could get a decision in as little as 60 seconds. No annual fee.
- Start shopping and earning rewards in minutes with our digital card, before your physical card arrives in the mail, if eligible.
- Discover could help you reduce exposure of your personal information online by helping you remove it from select people-search sites that could sell your data. Activate by mobile app for free.
- Get a 0% intro APR for 15 months on purchases. Then 18.24% to 27.24% Standard Variable Purchase APR applies, based on credit worthiness.
- Terms and conditions apply.
Intro Offer
Discover will match all the cash back you’ve earned at the end of your first year.
Annual Fee
$0
Why we like it
Frequently Asked Questions
Have questions about no interest credit cards? We've answered the most common ones below to help you choose the right card for you.
If you can pay off your credit card before the promotional period ends, a 0% intro APR credit card can be worth it. Some of these cards might also be able to earn you bonus cash back on certain new purchases. However, a plan to pay off the credit card is important if you want to save money on interest and get rid of your debt faster.
Anyone who qualifies can take advantage of a 0% intro APR offer, so the list of the type of people who can benefit from one is long. However, here are two specific examples in which a 0% intro APR offer can make a significant difference:
- People with crippling credit card debt: If you’re struggling to get ahead on paying down your credit card debt, high interest rates could be part of the problem. If you can qualify for a balance transfer credit card, you can remove interest costs from the equation, at least for a time, while you focus on eliminating your debt.
- People with emergency expenses: If you’ve lost a job, experienced a short-term disability, or dealt with expensive car or home repairs, a 0% intro APR credit card can help you cover the cost of your emergency expenses and give you time to pay for them interest-free.
When your 0% intro APR promotional period ends, your account APR will change to its regular APR, which was set when your account was opened. This may be a variable APR that takes into account your creditworthiness, or it may be a fixed APR. If you pay off your balance in full every month, you’ll continue to be able to use the card interest-free. But if you carry a balance from month to month, you’ll pay interest on that balance.
APR, or annual percentage rate, is a number that expresses how much you’ll pay for borrowing money, including interest, fees, and other charges. An interest rate is how much interest you’re charged for borrowing money. The APR and interest rate for credit cards are basically the same thing, but these rates are typically different for loans.
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