RateHerald

Our illustration, not the card’s design

Discover credit card

Discover it Cash Back Credit Card

  • APR up · 17.74%18.74% · Nov 1, 2026

No annual fee. $200 USD after you spend $500 in 3 months. Purchase APR 18.74–28.74%, variable.

Checked Nov 1, 2026Updated

Welcome offer
Annual fee
Purchase APR · variable

Select an underlined figure to see where it comes from.

Discover’s terms

Welcome offer

$200 cash

After you spend $500 on purchases in your first 3 months.

Spending it takes
$167 a month
for 3 months
Tracking since
Nov 1, 2026
history will chart every change

One-time $200 bonus statement credit, applied to the statement within two billing cycles after qualifying. Available by applying through the Discover product page; may not be available through other channels or if the page is closed.

  • Smaller than about 60% of the 48 other cash bonuses we track.

Through our link

Referral bonus

Through RateHerald’s referral link+$100 on top

$100

Apply online via the digital referral link, get approved, and make a payment over $0 posted within 8 weeks of opening.

Discover’s referral bonus, on top of the card’s own welcome offer

Get the $100 bonusPartner offer: we may be paid if you apply

“Each eligible referred friend will receive a $100 statement credit after making a minimum payment (exceeding $0) that is posted to their account within 8 weeks of opening a new Discover account.”The referral page on capitalone.com, checked Oct 25, 2026

In dollars

What it’s worth

Yearly value in dollars: rewards and credits minus the annual fee, for three ways of spending. First year includes any welcome bonus.

SpendingValue against the feeFirst yearAfter
Light spender$200$0
Typical spender$200$0
Heavy spender$200$0
The spending each assumes, and what isn’t counted
  • Light spender: groceries $300, dining $100, gas $100, everything else $500 a month
  • Typical spender: groceries $600, dining $300, gas $200, travel $150, everything else $1,250 a month
  • Heavy spender: groceries $900, dining $600, gas $300, travel $600, airfare $300, hotels $300, everything else $2,500 a month

$0a year

$200 the first year, with the welcome bonus.

The spending this assumes

A month: groceries $300, dining $100, gas $100, everything else $500.

$0a year

$200 the first year, with the welcome bonus.

The spending this assumes

A month: groceries $600, dining $300, gas $200, travel $150, everything else $1,250.

$0a year

$200 the first year, with the welcome bonus.

The spending this assumes

A month: groceries $900, dining $600, gas $300, travel $600, airfare $300, hotels $300, everything else $2,500.

Use your own spending

Estimates from the published terms above, as checked Nov 1, 2026; not advice. How we value cards

Against the market

How it compares

  • No annual fee, like about 85% of the 711 cards we track.

Other cards without rewards with no annual fee

Against this card, for our typical spender’s value (rewards and credits minus fees, after the first year).

Shares rounded to 5 points. Fees and APRs as stated; value for our typical spender. Method

Benefits

  • $0 Fraud Liability for unauthorized purchases, subject to investigation and verification.
  • Card Lock is available in the mobile app if the card is misplaced, lost, or stolen.
  • Free Social Security number alerts through CreditWise when a Social Security number is found on the dark web; enrollment and eligibility requirements apply.
  • Discover is accepted at 99% of places that take credit cards nationwide.
  • Cardholders can choose from a gallery of colorful card designs.
All 6 benefits
  • Other

Changes

17.74%18.74% since Nov 1Nov 1Today
  • Nov 1, 2026 APR 17.74%18.74%

Only changes that held for at least three days on both sides count; one-day blips in a reading don’t.

Every figure with its receipt

Rates and fees

Annual fee
Purchase APRvariable
Intro APR15 months
Balance transfer APR

Before you apply

  1. What the application asks: your name, address, date of birth, Social Security number (or ITIN), income and housing payment. By law the issuer must consider your ability to pay (Regulation Z, 1026.51).
  2. Your credit report: applying usually means a hard inquiry, which can lower your score slightly for a while. Some issuers let you check whether you’re pre-approved first without one. How credit reports work (CFPB)

Questions

What is the annual fee?
No annual fee · discover.com, since Oct 8, 2026
What is the purchase APR?
18.74–28.74% APR · discover.com, since Nov 1, 2026
Is there an intro APR?
0% for 15 months. · discover.com, since Sep 29, 2026
Is there a welcome bonus?
$200 cash back after $500 in purchases in 3 months. · discover.com, since Nov 1, 2026
Apply on discover.comPartner offer: we may be paid if you apply