Discover It Benefits, Credits & Annual Fee

Earn 1% cash back on all other purchases outside the activated 5% rotating categories.

Earn 5% cash back each quarter on a specific set of categories - such as grocery stores, restaurants, or gas stations - that rotate throughout the year. You must activate the bonus each quarter online or in the app. The 5% rate applies to up to $1,500 in combined purchases per quarter; spending above that cap earns 1%.

Discover matches every dollar of cash back you earn in your first year, effectively doubling it with no cap on the match amount. This applies to all cash back earned - including the 5% rotating category rewards. No action is needed; the matched amount is credited automatically after your first 12 months.

Earn 5% cash back on purchases in categories that change each quarter. Activate the categories each quarter, then use your card for purchases that qualify. The 5% rate applies only up to the quarterly maximum; check the current categories and limit before you shop.

New cardmembers pay 0% APR on purchases and balance transfers for the first 15 months. After the intro period ends, a variable APR of 17.49%-26.49% applies. Balance transfers must be initiated within the promotional window to qualify.

If your card goes missing or you spot suspicious activity, you can instantly block new purchases, cash advances, and balance transfers using the on/off switch in the Discover app or on the website. Toggle it back off just as easily when you're ready. Note that some recurring transactions may still process while your account is frozen.

Lock your card in seconds through the Discover app or website to prevent new purchases, cash advances, and balance transfers if your card is lost or misplaced. Unlocking is just as quick when you find it. Some recurring bills and select Discover-approved transactions may still go through while the card is locked.

At qualifying store registers, you can request cash back when you check out - no ATM visit required. There are no transaction, ATM, or bank fees for this service, though your regular purchase APR applies to the cash amount. You can request up to $120 per 24-hour period.

CreditWise is a free Capital One service that provides a TransUnion credit report, FICO Score 8, and alerts about select credit-report changes and dark web findings. Sign up for CreditWise to use its reports and monitoring tools. Access is for users who qualify and enroll; alerts cover select changes to TransUnion and Experian reports.

Choose a design for your Discover it card from a gallery of options. Pick the design you want when you apply for the card. Available designs may vary, and the choice applies to the look of your card, not its account features.

Discover scans thousands of dark web sites and notifies you if your Social Security number is detected. You need to opt in through your account settings to activate monitoring. Alerts let you know about potential exposure so you can take steps to protect yourself.

Redeem your earned cash back whenever you choose. You can redeem it before the end of your first year and still get the full Cashback Match on what you earned during that year. Discover applies the match automatically at the end of your first year.

You're never on the hook for unauthorized charges made on your Discover card. If you spot a transaction you didn't make, report it to Discover and you won't owe a cent. Covers all unauthorized purchases, with no dollar limit.

Access your FICO credit score for free anytime through the Discover app or website. The scorecard also shows key factors affecting your score, such as credit utilization and recent inquiries. Checking your score this way has no impact on your credit.

If your card is lost or damaged, Discover will ship a replacement to you overnight at no charge. You can request one through the app, website, or by phone. Delivery is available to U.S. street addresses only.

There is no annual fee to carry this card, so all the cash back you earn goes straight into your pocket. You never have to offset a yearly charge to come out ahead.

You won't pay any foreign transaction fee when using this card for purchases outside the U.S. Your charge converts at the standard network rate with no added fee on top. Keep in mind that Discover's acceptance is less widespread internationally than Visa or Mastercard, so a backup card may come in handy.

A virtual card lets you make purchases before your physical Discover card arrives. Use it where virtual card payments are accepted, and earn rewards on those purchases. Access is for cardholders who qualify for a virtual card.