Monday, 16 December 2019

Discover It Cashback Credit Card Match - Get 5% Cashback & 1% Cashback - All Cashback Matched in Year 1

Discover It Cashback Credit Card Match


The Discover It Cashback Credit Card Match is one of my favourite cards because it offers so many features. If you like the idea of cashback you will adore this credit card and have a nice little bonus built up and the end of the year.

Bonus 1: Discover It Cashback Credit Card Match will match all the cashback you've earned in one year.

Bonus 2: You can get 5% Cashback every quarter at real places where we shop like gas stations and Amazon.

Bonus 3: You earn 1% Cashback on all other purchases.

Without beating around the bush, in order to get this card you will need a FICO score of 648, to have a very good chance of being approved for the Discover It Cashback Credit Card Match you should aim for a FICO Score of 680 to 720. Essentially, you need a Good or Excellent Credit Score to be approved.

In this short guide I will be looking at the super cashback features of the Discover It Cashback Credit Card Match and share strategies on how to maximise the cash and end up with a nice little bonus. I'll also be answering some of the most frequently asked questions about the Discover It Cashback Credit Card Match.



Discover It Cashback Credit Card Match Features

Here are my favourite features of the Discover It Cashback Credit Card Match.

Feature 1: Discover It Cashback Credit Card will match all the cashback you've earned in the first year of spending. You don't need to fill out any long forms or chase them, the cashback is simply sent to you at the end of the 1 year period. Simple and Amazing, I love it.

Feature 2: You can earn a mouthwatering 5% cashback at places we really shop at like gas stations, grocery stores, restaurants, as well as Amazon Store, only downside is there is a quarterly maximum, but the maximum is quite decent.

Feature 3: You can also earn an additional 1% cashback on all other purchases, this is then sent to your account automatically.

Feature 4: You can use the Discover It Cashback Credit Card Match Rewards on the Amazon.com checkout.

Feature 5: There is an amazing security feature. All your details for the Discover It Cashback Credit Card is monitored on the Dark Web and you will receive an alert if your card details are found. Basically, you can take action.

Feature 6: The Discover It Cashback Credit Card Match offers 0% for 14 months on Purchases and Balance Transfers, there are also no nasty annual fees that some other cashback credit cards have.

How to Maximise the Cashback Reward
Discover It Cashback Credit Card Match

I'm going to share my strategy of how I maximise the cashback reward from my Discover It Cashback Credit Card Match.

If you haven't already got this card I suggest you apply for it especially if you like the idea of getting cashback every time you spend.

The minimum FICO score you will need is 648, however I would suggest you play it safe and only apply when you have a credit score of 680 to 720. If you're credit score is lower than 648 don't apply for this credit card because you will get rejected. A better approach would be to improve your credit card and then apply for it.

The way to maximise the cashback reward on the Discover It Cashback Credit Card Match is to put all your expenses on the credit card. You should also put all family expenses and extended family expenses on the cashback reward credit card.

What I did was spend the majority of my money on the retailers which offer 5% cashback so I could earn the maximum on offer every quarter. Once I hit the maximum it would revert to 1% cashback and you can spend anywhere.

You should also get additional cardholders for the DIscover It Credit Card so you can take advantage of the Cashback Rewards every time you spend. Your aim is to earn as much as possible in the first your so Discover will match the reward at the end of the 1 year period.

Suppose you earn cashback of $2000 dollars within a year, and this is entirely possible, especially if you can put your extended family purchases on the credit card (make sure they pay in advance). Discover It Cashback Credit Card will match the $2000 and you will have $4000 cashback in 1 year. I have seen many people on Reddit do this so it's very possible, and also mind blowing that you can earn so much in reward.

Frequently Asked Questions
Discover It Cashback Credit Card Match

Q1: What is the minimum credit score for a Discover Card?

The absolute Minimum Credit Score required for a Discover It Cashback Credit Card Match is a FICO score of 648, play it safe and only apply for this credit card when you have a FICO score of 680 to 720, this is a GOOD/EXCELLENT credit score.

Q2: Is discover it cash back a good card?

The Discover It Cashback Credit Card is a good card to get started on cashback rewards. Discover Credit card will match your cashback rewards in the first year of use. 

You also get 5% cashback rewards on retailers you actually shop with (like gas stations, grocery stores, Amazon etc), you also get 1% cashback rewards on other purchases. 

Finally you get 14 months interest free credit on purchases and balance transfers! What's not to like about this credit card? It's fantastic.

Q3: Is there a limit on Discover cashback?

There are no limits on the cashback reward you can earn with the Discover It Cashback Credit Card. There is a quarterly limit on the 5% cashback reward but this is very high and it reverts back to 1% after you hit the limit. I've seen many Redditors hit $4000 in cashback reward in the first year.

Q4: How does cashback work on Discover Card?

The Discover Card offers 5% cashback with retailers like Gas Stations, Restaurants, Grocery Stores and even Amazon.com. There is a quarterly limit (which is very high). 

You also get 1% cashback rewards once you exceed the quarterly limit on everything else you spend on. After 1 year Discover will match all the rewards you earn so you double up. I love this card!

Q5: Can you take money off a Discover credit card?

You can withdraw money off a Discover Credit Card however a Cash Advance APR and Cash Advance Fee will apply. There may also be an ATM surcharge depending on the location of the cash withdrawal. 

Q6: Does discover match cashback every year?

Discover It Cashback Credit Card matches your cashback reward only in the first year. That is why it's really important to maximise the purchases in the first year so you can double up on your rewards.

Q7: How do I redeem my Discover cashback bonus?

1: You can redeem CASH from your Cashback Rewards. You can deposit the money into a chosen bank account or apply the credit to a Discover Credit Card Bill.

2: You can redeem at Amazon.com when you checkout.

3: You can redeem with Gift Cards. You can also get $5 added free on over a 100 popular brands which means you get another free $5.

4: You can redeem your cashback rewards to charity.

Q8: Can I get cash back on my Discover card at Walmart?

You can get 5% Cashback Reward on Walmart with the Discover It Cashback Credit Card Match. There is a upper limit and you limited to $120 cashback every 24 hours!

Q9: Can I transfer money from Discover credit card to bank account?

You can transfer cash from your cashback rewards from the Discover Credit Card to your chosen Bank Account. There are no fees for doing this transfer. This is how many cashback earners redeem their rewards from the Discover Cashback Credit Card.

Q10: Does discover double cash back?

All the cashback rewards earned in the first year of using the Discover Cashback Credit Card will be matched so Discover does indeed Double what you earned, but only in the first year.

Q11: How much cash back can you get at Walmart with Discover?

Discover It Cashback Credit Card offers 5% cashback rewards on purchases at Walmart, there is a spend limit of $1500 per month or $4500 per quarter, so the maximum you can earn from Walmart per quarter is $225 in cashback rewards.

Q12: What is the Discover it card limit?

The Discover It Cashback Credit Card Match usually starts with a Credit Limit of $3000 to $5000 dollars, however these limits can be higher if you have managed your credit well and have Exceptionally High Credit Score with low Credit Usage compared to credit limit. 

Some people on Reddit have been approved with a $15,000 credit limit to start with.

Q13: Is Discover Visa or Mastercard?

Surprisingly, Discover is neither a Visa nor a MasterCard. It is sort of like it's own entity like American Express but not exactly the same. VISA, MasterCard, Amex and Discover are 4 separate card networks.

Q14: How does discover cashback bonus work on Amazon?

It's very simple to link your cashback rewards from the Discover It Cashback Credit Card with your Amazon account. You have to go to the 'Cashback Bonus from Discover' web page and then link your reward card Discover It Cashback Credit Card. Once the accounts are linked you can use your rewards to pay for items on the Amazon.com checkout.

Q15: What is the highest credit limit for Discover Card?

CardCredit limit
Discover it® Cash BackCredit limit: Up to $15,000
Chase Freedom Unlimited®Credit limit: up to $24,000
Discover it® Balance TransferCredit limit: Up to $25,000
Chase Freedom®Credit limit: Up to $24,000

Q16: What credit score for a Discover Card?

For the Discover It Cashback Credit Card you will need a minimum credit score of 648, however it is better to be safe and only apply when you have a FICO credit score of 680 to 720 which is 'GOOD/EXCELLENT' credit ratings.

Q17: Does Amazon accept Discover Card?

Amazon does accept the discover credit card. You can earn 5% cashback when you spend on Amazon, you can also use your cashback rewards to pay for Amazon items on the checkout.

Q18: Is discover a major credit card?

Discover is a major credit card as it has his own Card Network like VISA, AMEX, and MasterCard.
Q19: How do you get cashback from Discover?

You get 5% cashback from the Discover It Cashback Credit Card on selected retailers. You get 1% Cashback on all other purchases and there is no upper limit on the cashback you can earn. Discover will then match the cashback rewards you have earned after 1 year.

Q19: Does Amazon refund discover points?

Amazon will return your reward cashback when you request a refund.

Q20: How often does discover it increase credit limit?

Discover will consider an increase in your credit limit every 6 months and will increase the credit limit for the Discover It Cashback Credit Card to a maximum of $15,000. 

Q21: Is Discover owned by Chase?

Discover is now owned by Chase, it is owned by Morgan Stanley.

Q22: Does Discover Card give cashback on all purchases?

Yes, Discover will give you at least 1% cashback on purchases. You have an opportunity to earn 5% cashback with selected retailers.

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