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Discover
No annual fee, up to 5% cash back at select shops, unlimited Cashback Match after your first year, and 0% intro APR for 15 months on purchases and balance transfers.
The Discover it® Cash Back Credit Card is a strong choice for South Africans seeking cashback rewards with no annual fee. You receive a 0% intro APR for 15 months on purchases and balance transfers, with a standard variable APR from 17.49% thereafter. Earn 5% cashback at select places like grocery stores and Amazon, up to a quarterly limit when you activate, plus 1% on all other purchases. There’s also an unlimited Cashback Match: Discover matches all cashback earned in your first year with no cap. Eligibility depends on creditworthiness. Credit limit is based on your financial information, subject to approval.
How to apply for the Discover it® Card
Applying is straightforward. First, check if you pre-qualify online, which won’t affect your credit score. If pre-approved, submit the full application with personal and financial details. Wait for approval.
Pros of the Discover it® Cash Back Card
This card stands out for its unlimited Cashback Match in the first year, allowing cardholders to double their rewards with no minimum spend required. The no annual fee structure keeps your earnings maximised.
The 0% intro APR for 15 months on purchases and balance transfers is ideal for consolidating balances or financing large expenses interest-free for a substantial period.
Cons of the Discover it® Cash Back Card
Cashback categories require quarterly activation, which may be tedious for some users. The 5% cashback applies only to certain categories up to the quarterly maximum, limiting higher earnings after reaching the cap.
The standard APR after the intro period ranges up to 26.49%, which may become costly if you carry a balance. International acceptance may be limited compared to Visa or Mastercard for some South African travellers.
Final verdict
The Discover it® Cash Back Credit Card offers generous rewards, especially in the first year and no annual fee. It’s a compelling option if you value strong cashback and want to maximise your earnings with minimal costs. For qualifying South Africans, this card presents an appealing solution for both everyday and seasonal spending, provided the drawbacks align with your financial habits.