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Cardholders could also earn a "Cashback Bonus", in which a percentage of the amount spent would be refunded to the account (from 1% to 5%), depending on how much the card was used. [10] Discover was also noteworthy for being the only credit card accepted by the U.S. Customs Service to pay customs duty , effective February 19, 1987. [ 11 ]
On September 1, 2002, Discover announced that Citibank would accept the Discover® Card for cash advances at its approximately 450 Financial Centers and more than 2,000 ATM locations nationwide. [23] In 2003, Discover introduced gas and miles rewards cards. The Gasoline Card (renamed Open Road in 2007) awarded 5% Cashback Bonus on gas purchases.
On February 19, Capital One announced it would acquire Discover in an all-stock transaction worth $35.3 billion. Both companies are among the largest credit card issuers in the country while ...
5 out of 5 Overall. Key Features. Variable cash back offers. Unique bonus program. No foreign transaction fees. Get Details. Discover it Cash Back is one of the best credit cards with no annual ...
Tiered Cash Back: These cards offer higher cash back rates for specific spending categories, like groceries, dining, or gas. For instance, you could earn 3% on groceries, 2% on dining, and 1% on ...
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Depending on the card, you could earn based on a cash-back rate or get a certain number of miles or points per dollar, and specific retailers or purchase types could yield higher rewards.
Consumers can receive the cashback or similar rewards by searching on the cashback program's website, but usually also via its mobile app, via browser extensions. The plugins may also alert consumers to better prices for the same product from the program's participating merchants, or to available discount coupons. [5]
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