Discover it Cash Back
Discover cash back card with no annual fee. Earns 5% on quarterly categories, when activated, up to $1,500 a quarter, 1% on everything else.
Terms read from Discover's page on October 16, 2026. Rates and terms are set by the issuer and may change. We don't estimate approval odds.
Fees and rates
- Annual fee
- None
- Foreign transaction fee
- Not stated
- Purchase APR
- 17.74% to 26.74%
- Intro APR on purchases
- 15 months
- Intro APR on balance transfers
- 15 months
Rewards
- 5% on quarterly categories, when activated, up to $1,500 a quarter
- 1% on everything else
Earns cash back.
Not confirmed
- Balance transfer fee and foreign transaction fee aren't on the card page.
Worked examples
Value on each spending preset, points redeemed as cash, typical use of credits.
| Spending | Year 1 | Year 2+ | 3 years | Break-even |
|---|---|---|---|---|
| Student | $442 | $221 | $883 | Month 1 |
| Family | $1,226 | $613 | $2,453 | Month 1 |
| Frequent traveller | $1,373 | $686 | $2,746 | Month 1 |
Frequently asked questions
Is the Discover it Cash Back worth it?
On a family's spending ($3,350 a month, points as cash), it's worth $1,226 in year 1 and $613 a year after that, after no annual fee. It pays for its fee by month 1.
What is the Discover it Cash Back welcome bonus?
There's no welcome bonus on the issuer's page.
Does the Discover it Cash Back charge foreign transaction fees?
The issuer's page doesn't state its foreign transaction fee, so check the full terms before travelling.
What isn't counted in its value?
Rotating categories use the 2026 calendar: groceries and streaming (Q1), restaurants (Q2), gas, transit and drugstores (Q3), restaurants and utilities (Q4). Next year's aren't announced, and you have to activate each quarter. Cashback Match doubles all cash back earned in the first year.
Sources
Estimates for information only; not tax, legal or financial advice. See our methodology.