The new Discover Cashback credit card from Discover is one of the better cards out there for those looking for rewards programs. While with a Discover Cashback Credit card users can still receive 1% cashback for every dollar spent using the card, consumers also receive up to a 1.5% rebate off all qualifying purchases made with their Discover Debit MasterCard plus get access to the exclusive benefits of the Discover CashBack Debit program including:
1st Fee Forgiveness – When using a Discover Cashbacks Debit card with ApplePay, consumers can continue to earn 1% cashback for each dollar spent using the card on qualifying purchases each month. However, when paying with a debit card, Discover will waive the fee for the first month that the card user maintains a balance with Discover, up to a maximum of five times a year. This helps to keep a cardholder's interest rate low, especially when compared to other card companies that charge a separate fee for each card.
Instant Reward – Discover provides their cardholders with the opportunity to earn a cashback reward when they use their card to make purchases. There are currently no limit on how much cash back can be earned and the amount is determined by an algorithm that Discover has designed to calculate the amount of cash back a cardholder should earn for each purchase. For instance, if the cardholder purchases two airline tickets, two hotel rooms, and two tickets to a Broadway show, Discover calculates that the cardholder will earn two points for each ticket.
Free Gift – Every time a cardholder uses their card to make a purchase (including travel and car rentals) they receive a free gift card that they can use at any store or online with a redemption code. They do not need to cash in these gift cards; instead, the cardholder can redeem their cards online and use them to pay for whatever they want, including online grocery stores, movie tickets, and more.
Money Back Guarantee – If for any reason you are dissatisfied with your Discover Credit Card, you may cancel it within seven days and receive a full refund. If you are unhappy with your Discover Debit, you can receive a refund without penalty, minus fees.
With these great features combined with a reasonable annual fee and a free credit report with no minimum balance requirements, this card is a fantastic option for those seeking a credit card that combines convenience with reward programs. The Discover Cashbacks Debit is available to people who are eligible cardholders of Discover cards and American Express and are active U.S. citizens.