If you like cash and you like rewards, the Discover it Cash Back Card is worth a look. This Discover it card rewards you for the money you spend with not only points, but also cash. You get 1% cashback on your purchases as well as an additional cashback during each fiscal quarter.
There are many reasons you might be looking for a credit card. Cash back perks and rewards points are just some extras you get with a card. The real nitty-gritty comes in when you look at the interest rates, late fees, annual fees and other factors in the same vein. It is important to be clear about your goals before applying for a card.
It doesn’t matter if you’re in the Philippines or anywhere else in the world, you have lots of credit card options. Therefore, it is up to you to sift through the heap and find one best for you. Our editors have looked into the Discover it Cash Back Reward Card and found some important information for you. Read through everything below, before you decide on whether or not to apply.
What are the Benefits of the Discover it Cash Back Card?
As part of its name says, the Discover it Cash Back credit card offers 5% cashback at different places each quarter up to a quarterly maximum. Automatically, you get an unlimited 1% cashback on your purchases using the card. No extra fees, no hassle.
Everyone likes to get rewards. Discover it® makes it easy for you to get exclusive perks, rewards, and discounts all by just using the cashback card.
The possibilities are endless, as this card is widely accepted in various establishments and in shopping malls worldwide. Redeeming your rewards is also a breeze, as you can get them any time you feel like it.
The card also has a U.S.-based customer service hotline, which you can contact at any time if you have inquiries or are having problems with your card.
What are the Fees for a Discover it Cash Back Card?
The consideration of fees should play an important part in your hunt for a new credit card. Interest rates and late fees are especially important if you think you’re going to have to carry a balance. The following is a breakdown of important charges for the Discover It Cash Back Card.
- Annual Fee – None
- Interest Rate – 13.74% to 24.74% Standard Variable Purchase APR after 14 months 0% intro period is over
- Cash Advance Fee – USD $10 or 5% of the amount of each cash advance
- Late Payment Fee – None for the first time late payment, but 2nd onwards will be up to USD $39
How to Apply for a Discover it Cash Back Card
Sadly, if you are based in the Philippines, there is no specific physical branch that you can go to in order to apply for this card in person. However, you can still apply by filling out the application form found on the Discover website.
The requirements to be qualified for one, however, are the same as other cards. You need to be employed or self-employed with updated government-issued IDs and related documents. Just keep them ready in case the agents require more proof of income documents. Your credit limit will be based on your monthly or annual income and other important factors.
Although this is a U.S.-based card, having a Discover it Cash Back Card is an advantage, especially if you’re traveling to the West anytime soon. Let’s note that some establishments may prefer U.S.-based credit cards on specific transactions, so it would be nice to have this handy whenever you’re out.
Since this is a cashback card, you can be assured that every time you spend, a part of that goes back to you. Let’s also not forget the card’s exclusive perks and deals that you get when you sign up.
How to Contact Discover It
Discover Bank’s Corporate Office is located at 502 E. Market Street Greenwood, Delaware 19950.
Note: There are risks involved when applying for and using a credit card. Please see the bank’s Terms and Conditions page for more information.