Discover It Review 2019 – $50 Bonus Referral
Now’s the best time to apply for a Discover card to earn the extra double cashback your first year! This not only includes double on 5% categories such as dining and gas (which would be 10%) but also double on everything else. You can go here to get a $50 bonus after first purchase plus double cash back. Important: It doesn’t show the $50 bonus at the application page, but rest assured, you will get the $50 bonus since it’s a referral link.
What does Double Cash Back Mean?
It means 2% cash back on everyday purchases and a whopping 10% cash back on rotating quarterly categories. You will also receive a $50 cash signup bonus upon approval.
What’s the Catch?
Discover It card is one of the most consumer-friendly cards on the market with absolutely no annual fee. They just want to keep you around as a loyal cardholder once you try out the card for a year getting double rewards. Most likely you will because the generous 5% back you’ll be getting for years to come on things such as gas, restaurants, rideshare, and purchases on Amazon will add up.
5% Cash Back Rewards Categories
The 5% cash back in select categories such as gas, travel, restaurants, etc, which change throughout the year. You’ll get 5% cash back on up to $1,500 in purchases for each quarter. Anything over the set amount will automatically earn 1%. Here are the Cashback quarterly categories for this 2019 calendar year.
| Quarterly Dates | 10% Bonus Category (5% if already a card holder) |
|---|---|
| Q1 2019 (Jan. 1 – March 31) | Grocery Stores |
| Q2 2019 (April 1 – June 30) | Gas Stations, Uber, and Lyft |
| Q3 2019 (July 1 – Sept. 30) | Restaurants |
| Q4 2019 (Oct. 1 – Dec. 31) | Amazon.com |
All cash back earned from the rotating 5% categories will be doubled in your first year of card ownership, effectively providing 10% cash back.
Redeeming Your Cash Back
As you earn cash back, Discover makes it easy to redeem your rewards.
- Direct Deposit – You can redeem your cash back directly into your bank account.
- Statement Credit – You can redeem as a credit on your monthly statement.
- Direct Amazon Purchases – You can purchase items from Amazon and pay using the cash back you have earned.
- Special Gift Card Redemptions – You can get another 10-25% discount when you redeem your cash back for gift cards from participating retailers through Discover. For example, Discover offers many $25 restaurant gift cards for $20 and offers $30 Staples gift cards for just $25. There are physical and e-gift card options available, and the e-gift options are delivered instantly and available for immediate use.
Discover it Credit Card Features
- Fraud Protection – If there are any unknown or wrongful charges on your Discover card, you won’t pay a dime. They take care of everything for you.
- Free FICO Credit Score – You can now check your real FICO credit score for free each month through your online account, mobile app, or printed monthly statement.
- Free Credit Monitoring – Free alerts let you know when any new credit card, mortgage, car loan or other account shows up on your Experian® credit report.
- Free Card Replacement – Receive free overnight shipping when you request a card replacement to any U.S. address.
- Freeze Your Discover Account – prevent new purchases, cash advances, and balance transfers if your account is compromised. Freeze or unfreeze your account in seconds via the website or mobile app.
- U.S Based, 24-Hour Customer Support – Call anytime and be able to speak with a real human being. All Discover call centers are in the United States, which means English is the language of choice.
Discover it Credit Card Fees
| Type of Fee | Fee Amount |
|---|---|
| Annual Fee | $0 |
| Cash Advance Fee | Either $10 or 5% of the amount (whichever is greater) |
| Balance Transfer Fee | 3% of the transfer amount |
| Foreign Transaction Fee | $0 |
| First Late Payment | $0 |
| Additional Late Payments | up to $37 |
| Over-the-limit Fee (when your purchases exceed your credit limit) |
$0 |
Discover it Credit Card Summary
We have been a strong advocate of Discover Cards since they first appeared and were an innovator of cash back. We’ve earned a significant amount of cash back from the 5% rotating categories over the years and continue to hold two cards each because we normally max out the restaurant category. We have told all of our friends and family to sign up for this card at least for the first year bonus and doubling of rewards.
The generous cash back, robust features, and excellent fee schedule have made the Discover it Credit Card an outstanding option. If you are interested in applying, you will likely need a credit score greater than 650 to be approved. You can find the complete application and earn a $50 cash bonus when you go here to apply.
One More Thing
You will no longer experience the frustration of calling a customer service hotline that you can barely understand with their 100 percent US-based support staff. Many cards outsource their call support to India and such. With no annual fee and a generous cash back rewards program, I personally give the Discover It Card a 5 Stars rating and highly recommend for all my readers to sign-up.
There are many new apps coming out that work as a credit card the only big problem is that you have to use some type of signal from the card to the register. For instance, the Wallaby app which is basically worthless because it really does not know half of the rewards cards out there nor their current promotions and does not yet have a separate card to use for physical purchases.
I signed up for the Commerce Bank Rewards Visa Card just one year ago this week so now that I have paid off my balance I am looking over the reward program. This card started out as a 0% Balance transfer card for 12 months with no fee if done by February 24th of last year. I took advantage of that offer as I do many 0% offers with no transfer fees. These are hard to come by so you have to move fast. There are only a few of them out right now and those are from Chase Slate and possibly this card. It is rare when they come along but they do from time to time.