Enter Discover Cash Back Calculator, an easy tool for you to understand and compare the true cash back value of Discover’s credit cards.
Discover is now a very popular credit card issuer, notably by introducing several cash back features that made Discover cards’ rewards structure very unique and attractive. From a whopping 5% back in rotating categories, to the first year dollar-for-dollar cash back matching, Discover seems to offer generous rewards. But how much are these really worth?
Discover Credit Cards Lineup
Discover’s main credit cards are the following:
- Discover It Cash Back: offering 5% cash back on rotating quarterly categories, 1% everywhere else and first year cash back matching. This essentially doubles the cash back rate in the first year.
- Discover It Miles: the travel credit card earning 1.5X miles on every purchase and matching 100% for the first year.
- Discover It Chrome: offering 2% back on Gas and Restaurant and 1% everywhere else. You also get unlimited cash back matching for the first year
Additionally Discover offers additional credit cards for students and for building credit.
Discover Cash Back Calculator Features
While these Discover rewards are great, it can be a little complicated to calculate the amount of rewards you’d get from those cards.
The rotating categories 5% rate is attractive, but only applies for one quarter of the year. So over the entire year, the effective rate you get on the rotating categories is 2%.
The first year rewards matching is great, but you might be curious which is most beneficial between a matching or a flat signup bonus like many other issuers offer.
Thankfully, our calculator makes it super easy to calculate the total rewards value of any Discover card. You just need to input you typical spending. We will take care of the rotating categories, as well as the cash back and miles matching.
More Cash Back Calculators for Discover
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