Discover it Cash Back

Discover it Cash Back

DiscoverNo annual feeNo foreign transaction feeIssuer's page

A fair time to apply if the card fits how you spend.

Already have it? Keep it open: it holds a perk or an upgrade path at no cost.

Welcome bonus

$200

after $500 in purchases in the first 3 months

12 Month Rule, 2 Card Limit. Am I eligible?

First year
$338
Each year after
+$143

A typical spender, at Miles' point values.

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A typical spender, at Miles' point values. Values as of October 22, 2026. How Miles computes this
First-year valueAmount
Welcome bonus$200 cash$200
Rewards above a 2% no-fee cardvs Double Cash, on $32,500 typical spend; includes a typical year of rotating 5%, if activated each quarter+$143
Annual fee$0
Meeting the $500 minimumearns 1% here vs 2% on Double Cash−$5
First year$338
Each year after+$143
No ads, no paid placement · Your wallet, your math

Earning

Ranked by how much of a typical year's spending each rate covers. Return is the cash back rate itself. Rates in medium weight return more than the 2% benchmark.
RateCategoryReturn
5%Rotating categoriesThis quarter: Restaurants, Entertainment, Utilities. Up to $1,500 a quarter combined; requires activation.5%
5%Hotels, vacation rentals, rental cars, and activities booked through Capital One Travel5%
5%Tickets and events booked through Capital One Entertainment5%
1%Everything else1%

Personal card · Earns Cash Back

Is this the best card for Hotels, vacation rentals, rental cars, and activities booked through Capital One Travel?Is this the best card for Tickets and events booked through Capital One Entertainment?

Where this card ranks

What this card returns on each page, priced against what its points are worth. Open a page to see the card it crowns and why.

Other Perks

  • Cashback Match: Unlimited dollar-for-dollar match of all cash back earned at the end of the first year
  • 0% intro APR for 15 months on purchases and balance transfers
  • Free FICO Credit Score access
  • $0 Fraud Liability Guarantee
  • Free Social Security number dark web alerts
  • Online Privacy Protection: Scans people-search sites every 90 days and submits opt-out requests to remove your personal information
  • Account Freeze: Instantly disable purchases and cash advances via mobile app if card is lost
  • Capital One Offers access
  • Gift-card rewards redemptions have a $25 minimum and retain at least 5% added value
  • Automatic statement-credit redemptions are available after re-enrollment following the Capital One migration
  • Rewards can no longer be redeemed toward the minimum payment after the Capital One migration
  • Pay with Rewards with Apple Pay is unavailable after the Capital One migration
Sources and methodology

First-year value is Miles' estimate for a typical spender: the welcome bonus at Miles' point values, plus the rewards this card earns above the best no-annual-fee card's everyday rate on a typical year of spending, plus credits at the share a typical holder uses rather than their face value, plus any certificate or free night earned in that year, minus the first-year fee and the cost of putting the minimum spend on this card instead of that one.

Lounge access, elite status, other benefits, purchase and travel protections, and a certificate or free night that arrives on the card's anniversary are listed beside the first-year figure, not in it. Each year after counts them, with the rewards and credits, less the annual fee. A credit or benefit that needs a spend or a stay counts only where its condition is printed beside it, and credits gated on spend most people never reach are left out.

The fee, offer, earning rates, credits and protections come from the card's record in the Miles dataset, kept against the issuer's own terms. The verdict line is chosen from a fixed set of sentences by Miles' analysis of the offer and the card; nothing on this page is written by hand for one card.

Recent changes

  • changed from Get $200 after $500 spend in the first 3 months. All cashback earned in first 12 months + First Year Double to Get $200 after $500 spend in the first 3 months. + $100 for using a referral. All cashback earned in first 12 months + First Year Double
    Oct 22, 2026
  • changed from $100 after first purchase. All cashback earned in first 12 months will be doubled including 5% earned in rotating categories. to Get $200 after $500 spend in the first 3 months. All cashback earned in first 12 months + First Year Double
    Oct 21, 2026
  • changed from 0 to 500
    Oct 21, 2026
  • changed from null to 90
    Oct 21, 2026
  • changed from $100 after first purchase. All cashback earned in first 12 months will be doubled including 5% earned in rotating categories. + First Year Double to $100 after first purchase. All cashback earned in first 12 months will be doubled including 5% earned in rotating categories.
    Oct 11, 2026
  • changed from null to Discover it Cash Back
    Oct 8, 2026
  • changed from $200 after spending $500 in the first 3 months. All cashback earned in first 12 months will be doubled including 5% earned in rotating categories. + First Year Double to $100 after first purchase. All cashback earned in first 12 months will be doubled including 5% earned in rotating categories. + First Year Double
    Aug 18, 2026
  • changed from 500 to 0
    Aug 18, 2026
  • changed from 90 to null
    Aug 18, 2026
  • changed from null to 500
    Aug 13, 2026
  • changed from null to 90
    Aug 13, 2026
Last updated: October 22, 2026