Discover Card
The Discover Card is a great credit card for those who want to earn cash back on their purchases. The card offers 5% cash back on quarterly rotating spending categories throughout the year, and it will automatically match all the cash back you’ve earned at the end of your first year. There is no minimum cashback redemption, which makes this card very attractive.
However, there are some downsides to the Discover Card. The 5% bonus cashback rate is limited to $1,500 per quarter in spending, so if you spend more than that, you won’t earn the full bonus. Additionally, the bonus categories must be activated quarterly, so you have to keep track of that. Finally, the base reward rate is only 1% on everything else, so if you don’t spend in the bonus categories, you won’t earn as much cash back.
Overall, the Discover Card is a great option for those who want to earn cash back on their purchases. Just be aware of the limits and keep track of the bonus categories.
