Discover Cashback Debit
Discover
Annual Percentage Yield (APY)
0.00% APY
Monthly Fee
$0
Welcome Bonus
N/A
Apply Now →on Discover's website
Transaction limit:1% cash back on up to $3,000 in monthly debit card purchases
Minimum Deposit:$0
Annual Percentage Yield (APY):
0.00% APY
Welcome Bonus: N/A
Monthly Fee:
$0
Minimum Deposit:
$0
Transaction Limits:
1% cash back on up to $3,000 in monthly debit card purchases
The standout feature of the Discover Cashback Debit account is its cash back rewards, allowing users to earn 1% on their debit card purchases. However, it is important to note that Discover has ceased accepting new applications, making it a unique option for existing customers.
Pros:
- 1% cash back on purchases
- No monthly fees
Cons:
- No new applications accepted
- Limited to existing account holders
In conclusion, the Discover Cashback Debit account is ideal for current Discover customers looking to earn cash back on their everyday debit card purchases without incurring monthly fees. However, potential new users should be aware that the account is no longer accepting applications, limiting its availability.