Discover
Annual fee
None
FX fee
N/A
Purchase APR
17.49% to 26.49%
Income req.
N/A
Reward rates
Rotating quarterly categories, up to a quarterly maximum, once activated | 5% |
All other purchases | 1% |
Perks
- Discover matches all cash back earned at the end of the first year, with no stated limit
- The 5% categories rotate quarterly and must be activated each quarter
- Runs on the Discover network, whose international acceptance is narrower than Visa or Mastercard
Frequently asked questions
Is the Discover it Cash Back worth it?
It has no annual fee. It's best suited to someone who will actually activate the quarterly categories and spend inside them. Whether it's worth it for you depends on your spending. Run your own numbers through our credit card finder to see the net rewards after the fee.
What does the Discover it Cash Back earn?
It earns 5% on rotating quarterly categories, up to a quarterly maximum, once activated and 1% on all other purchases.
Disclaimer: This article is for informational purposes only and does not constitute financial, tax, or legal advice. Information may be simplified, incomplete, or out of date. Consult a licensed professional before making financial decisions. VaultNerd may receive compensation from partners featured on this site. This does not influence our editorial content.
Written by
VaultNerd Editorial TeamResearching and writing about Canadian personal finance since 2026.
Last reviewed August 2026 · How we research
Cite this page
“Discover it Cash Back Review.” VaultNerd, https://www.vaultnerd.com/credit-cards/discover-it-cash-back, updated August 2026.
Sources
- Discover published product page for the Discover it Cash Back, read August 7, 2026