This is an unsecured cash back credit card, which means you must have a FICO score of at least 700 to qualify for it. However, credit scores are not the only criteria Discover takes into consideration when reviewing your application. You must also have a steady income, not too many lines of credit and provide proof of your monthly housing payments.

Both instances vary according to your overall creditworthiness and other key data points. While most cardholders get a $500 starting line, it can go as low as $200. Discover does not disclose the maximum credit limit for this credit card, but having a good credit score and a steady high income should reflect on how much spending power will be available to you.

Cardholders can earn 5% back each quarter on different categories up to $1,500 in combined purchases. These categories require activation every 3 months. The calendar for these categories change every year. As of January 2023, card members will be able to earn 5% back at select streaming services, drug stores and grocery stores upon activation.