Discover It Quarter Two 5% Bonus Categories Now Available

Advertiser Disclosure

We have mentioned Discover It many times on this site as one of the best credit cards on the market.  Very popular with consumers who don’t enjoy annual or ‘hidden’ fees with their credit card products, we can’t blame them!  Another great reason to have the card are for the quarterly bonuses, which rewards 5% back on every purchase made within the category.

It’s that time of year for a category change, and this quarter it’s all Home Improvement Stores, Furniture Stores and Bed Bath & Beyond.  Let’s check out what other benefits the Discover It card offers, shall we?

 

Benefits

The annual fee on the Discover it Credit Card is a major benefit, at zero dollars.  As a good credit card holder, if you pay your bills in full each month, you could use and earn cash back on this card for free!

Discover it also offers a free FICO credit score every month on your credit card statement.  This is a rare find for a fee-free card, and a great benefit compared to years past, where fees paid to credit reporting companies numbered in the twenty dollar range per month.

One other different feature for a fee-free credit card is no foreign transaction fees.  This means that you’ll travel the world without a 3% fee added to every beer, meal, and hotel bill while you travel.  With our ever-increasing global economy, this is a welcome feature.

As mentioned above, there is a 5% rotating category bonus for the Discover It card (this quarter being Home Improvement Stores, Furniture Stores and Bed Bath & Beyond).  There is a limit of $1,500 per quarter in spend, though, so you’ll be getting a maximum of $75 in cash back money from the bonus categories each quarter.  This is standard across several different cash back credit cards, including the Chase Freedom card. Like other cash back credit cards, there is a 1% cashback bonus on every other purchase made.

Many cards have this feature, but if you go over your credit limit, there is no fee.  This card is all about not penalizing you for slight human error, and the no overlimit fee does just that.  Missing a bill payment is a hassle free experience as well.  The Discover it credit card won’t raise your APR into the penalty rates you often see.  They understand that mistakes happen sometimes and we need forgiveness.  There are fees still for late payments ($35), but your first late payment is a mulligan.  You won’t pay the $35 fee the first time you miss.

Furthermore, for the first 14 months, the Discover it Card has a 0% APR on purchases and balance transfers, and afterwards it has an APR of 10.99-22.99%, depending on the creditworthiness of the card member.  This is a great benefit for anyone, but especially those who plan on having a revolving balance for some time. Pay no interest while paying off your debt!  Oh, and in case you were wondering, there is a balance transfer fee of 3%.

 

Conclusion

With the new category bonus, you’ll have more incentive to use your Discover It card for all your ‘spring cleaning’ and home improvement needs.  This card is a stellar option for those of you that need a ‘fee free’ credit card, so apply today!