The Discover it card is one of the rare credit cards that offers leading promotional financing terms as well as a competitive rewards program. This card is offered with either 14 months of interest free financing on both new purchases and balance transfers, or six months of 0% APR financing on new purchases and 18 months on balance transfers. Both offers have a 3% balance transfer fee.
In addition, cardholders will receive 5% cash back bonuses on purchases from eligible categories of merchants that change each quarter. For the fourth quarter of 2013, qualifying purchases will include nearly all online transactions. Exceptions include government products or services, education providers, utilities, and travel reservations. Bonus cash back only applies to cardholder’s first $1,500 of eligible purchases made during the quarter, and the standard 1% cash back will apply afterwards.
Cardholders must sign up online to activate their bonus categories each quarter. Registration starts at the beginning of the quarter, and it counts retroactively to eligible purchases made before registration.
Other good things about the Discover it card include the fact that there is no annual fee and no foreign transaction fees applied to transactions processed outside of the United States.
So during the holiday season, Discover it cardholders can shop online and realize a 5% cash back reward on all of their purchases.
- 0% intro APR on balance transfers for 18 months—then a variable purchase APR applies, currently 10.99% - 22.99%. A 3% fee applies to each transferred balance.
- Exclusive offer: Double all the cash back you've earned at the end of your 1st year—automatically.*
- 5% cash back in categories that change each quarter like gas, restaurants and more—up to the quarterly maximum when you sign up.* 1% cash back on all other purchases.
- New Freeze It℠ on/off switch lets you prevent new purchases, cash advances & balance transfers on misplaced cards in seconds by mobile app & online.*
- Free FICO® Credit Score on statements, online & by mobile app.* And 100% U.S.-based service any time.
- No annual fee. No overlimit fee. No foreign transaction fee. No late fee on first late payment & paying late won't raise your APR.*
- Each Discover purchase is monitored. If it's unusual, you're alerted by e-mail, phone or text and never responsible for unauthorized purchases on your Discover card.
- *See rates, rewards, free FICO® Credit Score terms & other info by clicking "Apply."
0% for 6 months*
0% for 18 months*
10.99% - 22.99% Variable*