![]() Certain third-party payment accounts and digital wallet transactions may not earn 2% if the technology does not provide sufficient transaction details or a qualifying MCC. Discover Card does not assign MCCs to merchants. Merchants and payment processors are assigned an MCC based on their typical products and services. Even if a purchase appears to fit in a 2% category, the merchant may not have a merchant category code (MCC) in that category. ![]() Rewards are added to your account within two billing periods. For online purchases, the transaction date from the merchant may be the date when the item ships. To qualify for 2%, the purchase transaction date must be before or on the last day of the offer or promotion. Purchases must be made with merchants in the U.S. Restaurant purchases include those made at merchants classified as full-service restaurants, cafes, cafeterias, fast-food locations, and restaurant delivery services. Gas Stations affiliated with supermarkets, supercenters, and wholesale clubs may not be eligible. Gas Station purchases include those made at merchants classified as places that sell automotive gasoline that can be bought at the pump or inside the station, and some public electric vehicle charging stations. Purchases at Gas Stations and Restaurants over the quarterly cap, and all other purchases, earn 1% cash back. You earn a full 2% Cashback Bonus ® on your first $1000 in combined purchases at Gas Stations (stand-alone), and Restaurants each calendar quarter. Calendar quarters begin January 1, April 1, July 1, and October 1. This promotional offer may not be available in the future and is exclusively for new cardmembers. We will not match: rewards that are processed after your match period ends statement credits rewards transfers from Discover checking or other deposit accounts or rewards for accounts that are closed. You've earned cash back rewards only when they're processed, which may be after the transaction date. We'll match all the cash back rewards you've earned on your credit card from the day your new account is approved through your first 12 consecutive billing periods or 365 days, whichever is longer, and add it to your rewards account within two billing periods. People who are building or their rebuilding credit history can earn rewards with our secured credit card.Ĭashback Match: Only from Discover, as of August 2023. If a cash back card offers accelerated cash back rates within certain spending categories or brands, be sure to adjust your current spending to get the most from these categories, so you can get the most from your cash back program.ĭiscover has several cash rewards credit card options, and your credit history will help determine which cards you qualify for. Discover also allows you to convert Cashback Bonus ® into gift cards from major retailers, donate it to a charity of your choice, check out at Amazon. If you want options other than redeeming rewards directly for cash, consider using your cash back as a statement credit against your balance. Discover cash back credit cards provide you with cash back on every purchase, with cards that let you earn more on qualifying purchases. But with Discover, the math is easy. Because the Discover it cash back card has no annual fee.Ĭash back credit cards may provide extra rewards on eligible purchases within an amount you can spend or a timeframe for your purchase. That can mean carefully watching if you’ve earned enough. There are a few key elements to a cash back card that can help you find the card that best aligns with your budget, common expenses and rewards.Ĭash back cards with an annual fee are only valuable if the cash back you earn outweighs the annual fee you would pay. Each billing period, we will generally apply amounts you pay that exceed the Minimum Payment Due to balances with higher APRs before balances with lower APRs as of the date we credit your payment. We will apply payments at our discretion, including in a manner most favorable or convenient for us. Balance transfer fee: x% Intro fee on balances transferred by and up to x% fee for future balance transfers will apply. Cash advance fee: Either $10 or 5% of the amount of each cash advance, whichever is greater. Minimum interest charge: If you are charged interest, the charge will be no less than $.50. Variable APRs will vary with the market based on the Prime Rate. Standard purchase APR: x% variable to x% variable, based on your creditworthiness. Intro Balance Transfer APR is x% for x months from date of first transfer, for transfers under this offer that post to your account by then the standard purchase APR applies. * Intro purchase APR is x% for x months from date of account opening then the standard purchase APR applies.
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