The Discover it Cash Back pairs 5% back on quarterly rotating categories, dining, entertainment, and utilities for Q4 2026, with 15 months of 0% intro APR on both purchases and balance transfers and no annual fee. That combination makes it a flexible pick for someone who wants to float a purchase or move a balance while still earning meaningful rewards, and it ranks #8 on our Best Cash Back Credit Cards list. The catch is the work involved: you must activate the categories every quarter, and the 5% rate stops at $1,500 in spend per quarter before dropping to 1%. Outside the bonus categories, everything else earns just 1%, which lags flat-rate cards. No foreign transaction fee is a nice extra, but this card rewards people willing to track the calendar and pair it with a stronger everyday card.
Earn rates & credits
| Category | Rate |
|---|---|
Rotating categories Activation required each quarter on first $1,500/qtr, then 1% Q4 2026: Dining, Entertainment, Utilities | 5% |
Everything Else | 1% |
Card details
Regular APR | 17.49%–26.49% variable |
Intro APR on purchases | 0% for 15 months |
Intro APR on balance transfers | 0% for 15 months |
Foreign transaction fee | None |