What is Discover Card Cashback Match?
Discover Card Cashback Match is a fantastic rewards program offered by Discover Financial Services, the well-known credit card provider. This program allows cardholders to earn cash back on their purchases and then have that cash back doubled at the end of their first year as a Discover cardmember.
With the Discover Card Cashback Match program, cardholders can earn cash back on every purchase they make with their Discover card. Whether it's groceries, gas, dining out, or even online shopping, every swipe of the card brings consumers closer to earning valuable cash back rewards.
One of the most exciting features of this program is the Cashback Match at the end of the first year. Discover will match all the cash back earned by cardholders during their first year, effectively doubling their rewards. This means that if a cardholder earns $100 in cash back during their first year, Discover will add another $100 as a bonus, totaling a whopping $200 in cash back rewards.
The Cashback Match is automatic and does not require any additional effort from the cardholder. It's a great incentive for those who want to maximize their cash back earnings and take advantage of this generous program.
Cardholders can redeem their cash back rewards in various ways. They have the option to receive a statement credit to offset their Discover card balance, deposit the cash into their bank account, or even use the rewards to make purchases directly on Amazon.com. This flexibility allows cardholders to use their cash back rewards in a way that suits their individual needs and preferences.
Discover is known for their exceptional customer service and commitment to providing their cardholders with the best possible experience. They monitor your account 24/7 for any suspicious activity and offer zero liability protection, ensuring cardholders are protected from unauthorized charges.
In conclusion, the Discover Card Cashback Match program is a fantastic way to earn cash back on everyday purchases. With the added benefit of having all cash back earnings doubled at the end of the first year, cardholders can enjoy even greater rewards. So, whether you're a frequent shopper or simply looking to get more out of your credit card, Discover Card Cashback Match is definitely worth considering.
Frequently Asked Questions about discover card cashback match
Discover will automatically match all the cash back you earn at the end of your first year after you open your new Discover it® cash back card. So if you earn $50 cash back, we'll give you another $50.
You can redeem your matched Discover rewards in the same ways as all other rewards you've earned, including gift cards, statement credits, cash back, purchases on Amazon.com, and donations to Discover's charity partners.
Cashback Match is based on how much you earned during the first year. When/how much you redeem during the year makes no difference. Yes, I always apply my cash back to my statement balances every month. Still got the match at the end of my first year with them.
The card earns 5% cash back on everyday purchases at different places each quarter up to a quarterly maximum of $1,500 in spending when activated. Plus, earn unlimited 1% cash back on all other purchases – automatically.
The Discover it® Cash Back is a good credit card that's worth it for people with a credit score of 700+ who want a $0 annual fee and a high rewards rate. Discover it® Cash Back offers 5% cash back on purchases in bonus categories up to a quarterly maximum, and Discover will match the rewards you earn the first year.
Earn 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, and gas stations, up to the quarterly maximum when you activate. Earn 1% cash back on all other purchases.
Cashback Match™ Discover will automatically match all the cash back you've earned at the end of your first year! There's no minimum spending or maximum rewards. You could turn $150 cash back into $300.
While it's common for credit cards to have rewards programs, it's not too often that debit cards do - which is why the Discover Cashback Debit Account stands out. This checking account is linked to a debit card that provides customers with 1% cash back on up to $3,000 in debit card purchases each month.
Earn 5% cash back all year
- January to March Jan - Mar. Grocery Stores, Drug Stores and Select Streaming Services. Log In to Activate.
- April to June Apr - Jun. Restaurants and Wholesale Clubs. Log In to Activate.
- July to September Jul - Sep. Gas Stations and Digital Wallets.
- October to December Oct - Dec. Amazon.com and Target.
Discover's rotating cash back calendar for 2023
| Quarter | 2021 Discover it categories |
|---|
| Q1: January-March | Grocery stores Walgreens CVS |
| Q2: April-June | Gas stations Wholesale clubs Select streaming services |
| Q3: July-September | Restaurants PayPal |
| Q4: October-December | Amazon.com Target.com Walmart.com |
Sep 12, 2023
NerdWallet's Best Discover Credit Cards of October 2023
- Discover it® Cash Back: Best for Cash back.
- Discover it® Chrome: Best for Cash back.
- Discover it® Miles: Best for Travel.
- Discover it® Balance Transfer: Best for Balance transfers.
- Discover it® Student Chrome: Best for College students.
A long 0% intro APR period
Both credit cards offer lengthy introductory APR promotions that can help you finance a large purchase or pay down debt. The Discover it® Cash Back offers the longer interest-free window on purchases, while the Discover it® Balance Transfer offers the lengthier promotion on balance transfers.
The term "100% cash back" can be a bit misleading, as it doesn't actually mean that you'll get 100% of your purchase price back in the form of cash. Usually, what this means is that you'll get 100% of the purchase price refunded to you in the form of credit or points depending on how you accessed the offer.
Getting 5% cash back on a credit card means you will earn $5 in cash back rewards for every $100 you spend on qualifying purchases. You can usually redeem cash back rewards for a statement credit, a check in the mail, or a deposit into an eligible bank account.
The Discover Cashback Debit Account is one of the best no-monthly-maintenance-fee checking accounts. Discover won't charge you any account fees, though their websites clarifies that outgoing wire transfers are subject to a service charge.
The Discover Cashback Debit Account could be a lucrative option for those who frequently use their debit card. With cash back on every purchase, it's possible to earn even more than you could with a typical checking account APY without changing your habits at all.
