Discover it Cash Back

The Discover it Cash Back earns 5% in rotating quarterly categories on up to $1,500 in spending per quarter, which for Q4 2026 covers dining, entertainment, and utilities, then 1% on everything else, all with no annual fee. It also offers 0% intro APR on purchases and balance transfers for 15 months, so it can double as a modest financing tool. The catch is the work involved: you have to activate the 5% categories every quarter, and the cap means the bonus tops out at $75 per quarter before dropping to 1%. Outside those categories, the flat 1% base rate is weak compared with simpler flat-rate cards. It ranks #7 on our Best Cash Back Credit Cards list and works best as a no-fee companion card for people willing to track the calendar.