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Discover it® Cashback Match™ and Discover it® 21 Month Balance Transfer Offer are 2 different versions of the popular Discover it® Cash credit card issued by Discover Financial Services. These are some of my favorite credit cards when it comes to 0% intro APR offers on purchases and balance transfers, in addition to their great cash rewards program.
As rewards cards, they let you earn cash back in return for your spending, so it's really like having a discount card with you. The only real difference between the two cards is that Discover it® Cashback Match™ - 14 Month APR Offer comes with a 0% intro APR on purchases and balance transfers for the first 14 months with a (11.49% - 23.49% variable APR) thereafter. Discover it® 21 Month Balance Transfer Offer, on the other hand, gives you 0% intro APR for 21 months on balance transfers and 0% intro APR for 6 months on purchases, followed by the regular 11.49% - 23.49% variable APR. In this Discover it Cash credit card review, I will go over the benefits each of these cards give you and explain how you can use this card to earn cash back on your purchases.
First, a look at what both Discover cards have in common:
No annual fee. Enjoy the cash back rewards and other exclusive cardholder benefits of this card at no charge at all.
Get a dollar-for-dollar match of all the cash back at the end of your first year. With this card you get a dollar-for-dollar match of all the cash back you've earned at the end of your first year, automatically! That bonus could turn $200 into $400 with Cashback Match™. Just note that this bonus is for new cardmembers only.
Earn 5% cash back in bonus categories that change each quarter. This is another attractive benefit this card will offer you. It can help you save a lot of money by giving you 5% cash back for purchases you make in bonus categories that change every quarter. Important note: You must sign up (it's free and you can do it online or over the phone) to earn 5%! You earn this 5% up to the quarterly maximum of $1,500 for spending on purchases in the quarterly categories, and if you spend more than the quarterly maximum for each 5% program, the excess will automatically earn unlimited 1% cash back.
Here are the 5% cash back categories for the first quarter of 2017:
- January-March: Gas Stations, Ground Transportation and Wholesale Clubs. You will earn 5% cash back on a maximum of $1,500 on purchases spent in these categories (which equals $75) after signing up for the 5% cash back bonus! Any excess will earn you 1% cash back.
Receive unlimited 1% cash back on all other purchases. You will earn 1% cash back on all the rest of your purchases. You also earn this 1% on any purchases in the 5% cash back categories after you reach the quarterly maximum spending cap.
Receive extra cash back on purchases made through Discover Deals. You can earn additional cash back and receive instant discounts when you purchase deals from retailers through Discover Deals. This is one of the best cash back deals portals around, as you can get deals right on your phone via the Discover app and redeem them at the counter in brick-and-mortar retail locations. You can also use the Discover Deals online portal to earn cash back at online stores.
Redeem Cashback Bonus cash back for any amount, any time. Cashback Bonus can be redeemed for gift cards, merchandise, or cold hard cash in the form of an electronic deposit to your bank account or a statement credit.
Get at least $5 to $20 extra with Gift Cards and eCertificates. You can boost the value of your Cashback Bonus when redeeming for gift certificates from participating retailers.
Use your Cashback Bonus to pay directly at Amazon.com when you link your account to it. What's great about this is that you can use any amount, and there is no minimum spending required! Since I frequently shop at Amazon.com, I find this to be a great tie-up.
Earn rewards for paying your monthly household bills with your card. Set up automatic recurring payments for your cable, cell phone, insurance, internet (etc.) on this card, and you earn Cashback Bonus on the bills you already pay!
Free FICO® credit score on monthly statements, online and in the mobile app. This is a new perk Discover offers, in which you can track your recent FICO® credit score every month for free on your monthly statement or online in one easy-to-read chart. This will help you keep track of your credit score for free!
Your Discover purchases are monitored. Your account is monitored every day, and you'll be alerted by text, email or phone if any unusual purchases are made. You will never be responsible for unauthorized purchases on your Discover card.
Freeze It®. Use this on/off switch to prevent any new purchases, cash advances or balance transfers from being made using your misplaced card. You can freeze or unfreeze your card account in a few seconds on the website or mobile app. This is a nice perk that gives you a lot of peace of mind, as anytime your card is missing you can just freeze your account until you find it.
No foreign transaction fee. When you use this card outside the U.S. or when you pay in a different currency, you won't be charged any foreign transaction fee, a fee that most other credit cards will charge you when making purchases in a foreign currency.
No penalty APR. With other credit cards in the U.S., your APR gets bumped up to a ridiculous rate when you don't pay on time, in addition to a late fee. But with this card, your APR won't be increased at all when you pay late.
100% U.S. based customer service. They will answer your call in seconds, and you get to speak to a real person no matter what time of day or night.
Balance transfer fee of 3%. This is a relatively low balance transfer fee you have to pay when transferring your balance from another credit card account to this account.
$0 Fraud Liability Guarantee. If there are any unauthorized transactions on your Discover it card, you won't have to pay a single cent for it!
No sign-up bonus cash back. Unlike some other credit cards, this card doesn't let you earn a bonus when making your first purchase or when spending a certain amount on purchases within the first few months.
Now let's have a look at the differences between these two cards:
Discover it® Cashback Match™ - 14 Month APR Offer:
0% introductory APR on balance transfers for 14 months. For the first 14 months, you will enjoy a 0% introductory APR on all balance transfers. This is a good deal if you plan to take advantage of the intro 0% balance transfer by transferring your high-interest credit card debt or store card debt to this new card account, so that you pay ZERO interest on your transferred balance for 14 months! This allows you to pay off your existing debt faster as you stop paying interest on it. After the 14 months, 11.49% - 23.49% variable APR, depending on your credit score, will apply. Make sure you can pay off all your debts within the 14 months so that you don't incur the higher non-promotional interest rates. Balance transfer fee is 3% of each transferred balance.
0% introductory APR on all your purchases for 14 months. You will also enjoy the benefit of having a 0% introductory APR on all your purchases for 14 months, after that you will have to pay 11.49% - 23.49% variable APR depending on your credit score. This 14-month period of 0% intro APR on purchases is a very good offer as it is one of the longest offered by credit card companies in the US. So if you are thinking of buying a big ticket item, and have 14 months to pay it off interest-free, you'll make the most out of this card.
Discover it® 21 Month Balance Transfer Offer:
0% introductory APR on balance transfers for 21 months. If you want a longer intro APR period for balance transfers then this card might be the better choice. You get 0% intro APR for 21 months on balance transfers, followed by 11.49% - 23.49% variable APR, depending on your credit score. That means you will have a year and a half to pay off your balance without a high APR. A 3% fee applies to each balance transferred.
0% introductory APR on all your purchases for 6 months. This card has 0% intro APR on purchases for 6 months, followed by 11.49% - 23.49% variable APR (depending on your credit score) for purchases. If you plan to use your card to make a big purchase, then Discover it® Cashback Match™ - 14 Month APR Offer might be a better option as it gives you a longer intro APR for purchases.
If you would like to get 14 months of 0% intro APR on purchases and balance transfers as well as earn great cash back on your purchases, you should consider getting Discover it® Cashback Match™ - 14 Month APR Offer. It is a solid cash back card to have since you can save quite a lot of money through rewards, and redemption is easy through the many different options.
The Discover it® 21 Month Balance Transfer Offer is a better card for balance transfers, since you get 0% intro APR for balance transfers for the first 21 months, but it gives you a much shorter intro APR period of 6 months for purchases. You might want to make a note on your calendar when the 0% APR on purchases and balance transfers ends, so that you can budget your spending in advance and avoid the 11.49% - 23.49% variable APR for balance transfers and purchases.
Both versions of this card are on our Best Credit Cards 2017 list as you can get 5% cash back on different categories that change every quarter after you sign up for 5%, up to a quarterly maximum spent on purchases in these quarterly changing categories. You might also want to consider carrying a few different cash back cards so as to maximize your rewards when a particular card has a higher reward on a certain category.
These Discover cards don't charge any foreign transaction fee or any penalty APR, which makes them stand out from other cash back cards on the market. Because of all these features, we highly recommend both Discover it® Cashback Match™ - 14 Month APR Offer and Discover it® 21 Month Balance Transfer Offer.
Click Apply Now to see rates, rewards, FICO® Credit Score terms & other information.
Click here to go to the secure Discover website and apply for Discover it® Cashback Match™ - 14 Month APR Offer.
Click here to go to the secure Discover website and apply for Discover it® 21 Month Balance Transfer Offer.
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I HAVE DISCOVER FOR MANY YEARS AND I LOVE MY DISCOVER CARD IS MY FAVORITE CARD IM VERY SATIFIED WITH THE SERVICE WHEN EVER I CALL ALL THE REPRESATIVE ARE VERY KIND AND ASSITED ME TO GOOD SATIFACTION IS A CARD YOU CAN TRULY DEPENT ON WHEN YOU MUST NEED IT.
March 12 2016 at 06:30
I have two Amex cards plus Discover and I think the Discover is just as good asAmex
September 22 2015 at 05:19
Valerie DeLisio Brown
Love the card! I searched for a card with no annual fee, benefits and perks that fit my needs, etc. I applied, got the card, read all the fine print, completely understand what is offered and my responsibilities! Totally satisfied with the card and the customer service has been excellent!
September 19 2015 at 12:57
Judy Williams Dunshee Harrell
I have had a Discover credit card for many, many years, and have had excellent service from them, in all experiences. Now that they are giving such great cashback offers, as well as other benefits, this is my go-to card for just about everything!
January 06 2015 at 08:45
Discover....a crappy company to work for and a crappy company to have a credit card from. They say they are family oriented and they care about their vets...but no they don't they will pull peoples records from 7 to 10 years ago and if they ever got in trouble for even a speeding ticket they will not hire you. Or they will come up with an excuse saying you should have disclosed information to them..even if you had no idea it was even on your record. So before you apply for anything with discover...whether it is a job or a credit card...make sure you have nothing in your past..not even 10 years ago...however I would not suggest applying with them at all. They are just like all other corporate companies they only want to make money and they could careless about their employees
November 14 2014 at 20:01
What a racket! People are so devoted to their "credit" card(s) they ignore the penalties charged shortly after the cards have been used! (for a specified initial period).One of the problems I have run into is the purchase of goods/services by phone. It is so much easier. But then I figure in the card fee and realize the PENALTY which can be, in my mind, excessive. There is one option however in some cases I have asked to submit a check in payment which covers cost and shipping upon receipt of the check. No one has said "No" and I have saved the alleged "handling fee" (credit card charge). But "to each his own" how others manage their finances is an independent exercise. I know what you may be thinking....maybe; No, I don't squeak when I walk. Have a nice day! ;-) "
September 25 2014 at 02:59