Discover it has a cash back program that can be rather lucrative. The card offers 5% cash back on select categories after you sign up, which change every quarter, on up to the first $1,500 spent in 5% cash back categories per quarter.
While cardmembers have no say in what the 5% cash back categories will be, the categories tend to match the shopping tendencies for the quarter. For example, from October to December 2014, the 5% cash back for online shopping and department store purchases on up to $1,500 when you sign up.
Discover reveals the calendar for the 5% cash back categories at the beginning of every year.
All other purchases get 1% cash back.
Discover it is also very lenient when it comes to fees. In addition to relatively low interest rates for a cash back card, Discover it has no annual fee, foreign transaction fees, penalty APR and no fee for the first late payment.
Anyone who seeks a card with the potential to earn plenty of cash back throughout the year, and also wants the customer-friendly fee structure of the Discover it card.
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