After the intro period is up, a variable APR of 11.99% to 22.99% will apply. You can also download the Discover mobile app to keep track of your card and access the benefits and services. Discover Card is the third largest credit card brand in the United States, when measured by cards in force, with nearly 50 million cardholders. After that, a variable APR of 11.99% to 22.99% applies. Get objective reviews and advice from Bankrate experts on the best Discover credit cards for the year 2021. Discover has no foreign transaction fees on any of their cards, making them good options if you’re traveling outside the country. Access the website or … They’re meant for people with limited or bad credit, meaning a FICO Credit Score of around 660 or below. Unlike the other cards on our list, the Blue Cash Preferred® Card from American Express (Review) comes with an annual fee of $95 (Rates & Fees). You’ll receive that extra cash back after your first year of using the card. Most cards with the Discover brand are issued by Discover Bank, formerly the Greenwood Trust Company. None of its cards carry foreign transaction fees, and they all come with Discover’s unique Freeze It® feature to switch your account on and off in case your card is lost or stolen. 3. Instead of providing a traditional sign-up bonus, Discover matches every mile you earn during your first year. No, your rewards won’t expire as long as your account is open and in good standing. It’s a great deal because it scales up to match however much you spend, and one you probably won’t find on any other card. Discover Products. Low intro APR: 0% for 12 months on purchases from the date of account opening, then a variable rate, 13.99% to 23.99%. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Discover doesn’t offer retention bonuses, but you can get spending bonuses on their cards. You’ll get See Terms at See Terms APR for purchases and balance transfers, which is fairly good for reward cards like these. 32 East 31st Street, 4th Floor, This is a review of one of the best secured credit cards on the market, the Discover it® Secured.. In addition to the possible 6% cash back you’ll earn at U.S. supermarkets and on streaming subscriptions, you’ll also get 3% back at U.S. gas stations and on transit, along with 1% back everywhere else. Decided to apply for a Discover card so I can build my credit,to my surprise they approved me for 8,500 with 5% cash back. Best Discover Credit Cards The best Discover credit card is the Discover it® Miles because it gives 1.5 miles per $1 spent on all purchases and doubles the rewards new cardholders earn the first year, as an anniversary present. It gets a big boost too, since Discover’s Cashback Match will double the rewards you earn in your first year of use. Discover, launched nationally with a 1986 Super Bowl ad, is a credit card issuer and a card network (Discover offers are not currently available on WalletHub and may be out of date). Discover simplified its lineup of credit cards a few years ago by replacing all of its products with a single platform called Discover it®.All of the Discover it® cards come with a suite of benefits, but each card offers slightly different reward programs and introductory offers. To ensure you have the most up to date information, you should verify relevant information It’s easy to keep track of your credit score with monthly updates on your statement or online at any time. Discover is a financial institution that offers credit card and bank saving accounts. Discover It® Secured Credit Card; Bottom Line: Regardless of how much cash-back you earn during your first year having a Discover It® credit card, all of your earnings will be matched at your first card anniversary. Complete the application with your personal details. But with the Discover card you’ll only earn 5% back after you activate the category, and there’s no forgiveness if you forget to activate. Facts About the Discover Credit Card. Everything else about these cards is the same: no annual fees, the same intro APR periods, the same signup bonus, and the same extra perks and benefits. If you are Discover wants to see a strong credit history, steady income, and low credit utilization. We may also receive compensation if you click on certain links posted on our site. In 2013, Discover discontinued those cards and launched its line of “it” cards. You are about to post a question on finder.com: I agree to Finder’s terms of use and privacy and cookie policy, and I opt in to receive email from Finder, Subscribe me to Finder’s free weekly newsletter for budgeting tools, timely news and savings essentials to take control of your finances. Usually you can only expect to get grocery stores as a category for the Discover it for three months out of the year, and you’ll have a quarterly maximum too. Do you have a correction, tip, or suggestion for a new post? Cash back rewards programs are pretty rare for secured credit cards. Checking your account allows you to quickly find out the account current balance, available credit line as well as promptly report any suspicion transactions. 4.1. With all the credit cards I’ve had in my adult life, my Discover card has been my favorite. So you could potentially miss out on your rewards with the Discover card. The extra perks and benefits are decent but not spectacular, giving you a way to monitor one of your credit scores. Cardholders aren’t charged a late fee the first time they miss a payment (after your first late payment, an up to $40 late fee applies) and they won’t get hit with a massive penalty rate if they repeatedly fall behind. (The Discover it Cash Back’s 5% rate applies to the first $1,500 spent per quarter, then 1% is earned; activation required.). (The Discover it Cash Back’s 5% rate applies to the first $1,500 spent per quarter, then 1% is earned; activation required.). However, Credit Card Insider does not make any guarantees about the accuracy or completeness of the information provided. Fees to Watch Out For . This is a great feature in case you forget to activate. Content is accurate to the best of our knowledge when it's published. Like groceries, some people spend a lot of money gas and transit throughout the year, which helps add value to an already robust card offer. No Blackout Dates. These two cards offer some unique opportunities for those in need of credit card repair. We rank card types — travel, cash back, business — on a set of factors that are most relevant to that type of card. Your first late payment fee will be waived as a courtesy, and there is no penalty APR to apply if you’re late on a payment or over-limit, like many other cards. Discover is accepted nationwide by … That makes it good choice if you want to pay off some large purchases over time at no interest, or transfer a balance away from a card with a high APR. While the Discover it® Student chrome card offers 2% cash back on your first $1,000 in combined gas stations and restaurant purchases each quarter (then 1%), the offer may be unattractive to students without a car or on … We create these rankings to help you narrow down a credit card that best suits your spending and budget. Most other cards will charge a fee of up to 3% on purchases when traveling abroad. Rewards: Discover-It ® … Discover it® Cash Back offers up to 5% cash back on purchases in bonus categories that change quarterly based on Discover’s Cashback Bonus Calendar. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Discover is currently headquartered in the Chicago suburb of Riverwoods, Illinois. This heavy-hitter rewards card has uncontested value. As Finder is a financial comparison website providing general information, we do not represent Discover or any of the companies that we feature on our pages. It’s a good pick for those who want to earn free travel, but who don’t want to break a sweat figuring out how to collect and redeem miles. It is a massive, global financial tool and was created during what many consider to be the heyday of consumer credit cards. My Fico is 790 with total cl of 124,450 and total balance on all card 2.9k. Kevin Joey Chen is a credit cards, banking and investments writer whose work and analysis have appeared on CNN, U.S. News & World Report, Business.com, Lifehacker and CreditCards.com. The Cash Rewards card does not allow you to get cash at checkout like the Discover card. Being able to earn 10% back on select purchases and 2% back for every other purchase, all for no annual fee, is a great offer that you won’t find anywhere else. I like how easy it is to access the cashback feature and that I can use it to make my monthly payment. Discover card with high credit limit. One of the more interesting differences between these cards is that the Cash Rewards card will add a 10% bonus to your cash back if you redeem it into a Bank of America checking or savings account. After the intro APR period passes, you’ll be charged interest on purchases for any balance transfers you make. for the first 14 months (then 11.99% to 22.99% variable). But the Discover Secured card is built for people looking to build or rebuild their credit with responsible use. I like how easy it is to access the cashback feature and that I can use it to make my monthly payment. The Discover it® Secured is a great choice if you … You’ll see your updated FICO score on each of your monthly statements. Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening. Credit Card Insider has not reviewed all available credit card offers in the marketplace. The first year put about 30k of medical on it paid the balance off every month. The Discover it® chrome (Review) is very much like the regular Discover it, with the only difference being that it has a different reward structure. 5% back in rotating categories up to $1,500 combined each activated quarter (then 1%), 5% on travel purchased through Chase, 3% on dining and drugstores, and 1% on all other purchases, 0% intro for the first 15 months (then 14.99% to 23.74% variable). Income On Application: $79000 . However, the types of purchases you’ll earn 5% back on will be different between these cards. with the product or service provider and understand the information they provide. But gift cards have to be used with their associated merchants, so they’re a bit limited. Once approved, expect to receive the card by mail within seven to 10 days. However, you need to meet the eligibility criteria before you’re approved for the balance transfer. We may receive payment from our affiliates for featured placement of their products or services. Advertiser relationships do not affect card ratings or our Best Card Picks. Make sure you do your due diligence on all the cards you're considering before you make your … Bottom Line: The Discover Miles card is essentially a cash-back card like the Capital One Quicksilver Cash Rewards Credit Card or the Citi Double Cash Card. The Discover it® Cash Back credit card is a good option for people with 700+ credit scores who want a $0 annual fee and a high cash back rewards rate. To use the 0% intro APR period of 14 months following your account opening, your balance transfers must post to your account by a rolling deadline. Plan It® gives the option to select purchases of $100 or more to split up into monthly payments with a fixed fee. This is as simple as logging in and clicking “Activate” and you can do it months in advance, so be sure to do so. Discover's credit cards don't charge annual fees and offer new cardholders a unique bonus in which the issuer matches all rewards earned in the first year. The best Discover credit cards pack in rich perks like no annual fees, up to 5% cash back, and leading 0% interest free promos. The Discover it Cash Back is a rotating categories card that offers a 5% bonus on a different category each … Data points suggest that having a credit score in the mid to upper 600s can be good enough for a credit line increase. Discover originally had a line of credit cards that included Discover More Card, Discover Open Road Card and Discover® Motiva Card. Overall Rating: I did the prequal for this credit card, honestly had no real intentions on using it just boosting score for utilization purposes. The responses below are not provided or commissioned by bank advertisers. It offers a generous 5% cash back on rotating categories, introductory APR on purchases and balance transfers, and late payment leniency. Credit Card Insider and CardRatings may receive a commission from card issuers. The Discover it Chrome features a reward structure that’s very different from the Discover it. You’ll have the potential to earn quite a lot of cash back. Content is not provided or commissioned by any credit card issuers. The Better Business Bureau accredited Discover and rated the card issuer with an A+. But you would still need to use your card fairly regularly. This will let you earn rewards at a pretty high rate on a variety of purchases all year long, while only paying one annual fee. Most credit card offers require very good credit. Input your current credit card balance and interest rate to calculate your potential savings. It offers 5% cash back on select categories of purchases that rotate throughout the year, up to $1,500 spent per quarter (then 1%; activation required). While we may receive revenue and referral fees from advertising and affiliate links, advertisers do not approve our reviews. They consistently win or come in near the top of customer satisfaction surveys. Discover credit cards are known for generous rewards, 0% introductory APRs, no foreign transaction fees, and customer service that treats you like you. It’s an easy way to monitor my credit without signing up for a separate service. No matter which redemption method you choose, you’ll be able to get at least $1 for every $1 in cash back that you’ve earned. The Discover it Cash Back is a rotating categories card that offers a 5% bonus on a different category each … Instead of offering rotating 5% cash back categories, this card gives you the ability to choose your 3% category each month. With all the credit cards I’ve had in my adult life, my Discover card has been my favorite. 6% Cash Back on select U.S. streaming subscriptions. Not the card for you? Credit Card Insider receives compensation from some credit card issuers as advertisers. OK I said so now … The Discover it® Cash Back is one of the more popular and rewarding credit card offers, with 5% cash back in categories that rotate every three months (up to $1,500 spent per quarter, then 1%; activation required). Discover card credit score requirements vary by product. Cash-back bonus categories on Discover credit cards help your rewards accumulate faster. Redeem Miles for cash in any amount to pay your bill, including your minimum payment. finder.com is a financial comparison and information service, not a bank or product provider, We cannot provide you with personal advice or recommendations, Compare with Discover it® Chrome Gas & Restaurant Card, Compare with Citi® Diamond Preferred® Card, Blue Cash Preferred® Card from American Express, Blue Cash Everyday® Card from American Express, Balance Transfers for Someone Else’s Debt, 0% intro for the first 14 months (then 11.99% to 22.99% variable), $10 or 5% of the cash advance amount, whichever is greater. Click “Apply Now” to learn more about Preferred Rewards. Responses have not been reviewed, approved or otherwise endorsed by bank advertisers. When you click on any ‘Apply Now’ button, the most up-to-date terms and conditions, rates, and fee information will be presented by the issuer. The Discover it® Cash Back credit card is a good but not great cash back card. Along with some basic perks, Discover will also double all the rewards you earn in the first year — a pretty lucrative opportunity. Efforts have been made to keep the content up to date and accurate. If you spend heavily on 5% bonus categories, you may be able to get away with spending less. Most customer reviews complain about the high APR of the card, and some even complained that the company lowered their credit line without prior notice. That applies to the first $6,000 you spend each year, then you’ll earn 1% on that category for the rest of the year. Best cash back credit cards for excellent credit, If you spend within the rotating quarterly 5% cash back categories, the no-fee Discover it® Cash Back card could be well worth your time. When applying for new credit it’s important to know what your credit scores are and what’s on your credit reports. The BofA card also adds a few basic shopping and travel protections that the Discover card lacks, like Price Protection and Extended Warranty Protection. If you use the Discover it credit card, how do you like it? About Discover it® cards. Finder experts pick Discover it® Cash Back as a 2021 best product for credit cards. Discover is one of the few card issuers that offers one. Discover originally had a line of credit cards that included Discover More Card, Discover Open Road Card and Discover® Motiva Card. To apply for the card, you must be at least 18 years old and a US resident. 3% Cash Back at U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more). In 2013, Discover discontinued those cards and launched its line of “it” cards. The ability to get cash at checkout can be pretty handy, as long as you tend to shop at one of the participating retailers. Credit Card Insider is an independent, advertising supported website. We may rely on information that is provided I was pre-approved for … The other card features are pretty comparable between the Chase Freedom Flex and Discover it. The Discover it Miles credit card offers solid value for a travel card with no annual fee. When it comes to U.S. supermarkets it’s a more convenient option in most cases, because people usually buy groceries year-round, not just a few months out of the year. Finder.com LLC. You can update your choice category for future purchases once each calendar month using the Mobile banking app or Online banking, or do nothing and it stays the same. The 3% and 2% categories are limited to the first $2,500 spent per quarter; after that you’ll earn 1% back in those categories. You may want to read about it on this page on Balance Transfers for Someone Else’s Debt. Credit Card Insider has partnered with CardRatings for our coverage of credit card products. With the Discover it® Cash Back credit card you can 5% cash back on everyday purchases at different places each quarter like amazon.com, grocery stores, restaurants, gas stations and when you pay using paypal, up to the quarterly maximum when you activate, 1% unlimited cash back on all other purchases - automatically The strong earnings categories change on a regular basis, … Our team evaluates credit cards to determine their value against similar cards on the market. As you can see there’s quite a bit of overlap between the Freedom Flex and Discover it’s bonus categories, in many cases offering the same categories in the same months. See Related: How to transfer a balance to a Discover credit card. finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. Pick something else if you want a card with a lower variable APR. I t’s no secret that the Discover it card is one of my favorite credit cards. Discover it Miles also has a $0 annual fee and a $0 foreign transaction fee, like all Discover cards. What credit scores are needed for a Discover credit line increase? It also has no annual fee. The rewards are the main attraction, but you’ll also get an intro rate on purchases and balance transfers. Image courtesy of Shell. Some college credit cards even offer some perks just for students, like the Discover it® Student Cash Back which offers a $20 statement credit each school year if … 0% Intro APR for 15 months from account opening on purchases, then a variable APR of 14.99 – 23.74%. You’ll likely receive a decision almost immediately after you apply. Take note that you must manually activate your 5% cash back rewards every quarter, and you won’t earn at the 5% rate until you do. can i transfer card debt for a family member onto my discover card? While its cash back offer, including 5% on rotating categories, is well known, the card offers some perks that may surprise you. Given this, any bank can give a high credit limit for as long as you match their eligibility requirements. After you spend that much in the category, you’ll earn 1% cash back. There are 3 Discover cards for fair credit: Discover it Secured, Discover it Student Cash Back, and Discover it Student Chrome. It also pioneered America's … Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve. There’s no annual fee required to use this card, and you’ll get an introductory APR for both purchases and balance transfers. The Discover it’s rotating rewards program can provide a lot of value to the everyday spender. Enjoy new 5% categories each quarter! Learn the details of our methodology and scoring. Take note that sometimes the reward categories will overlap, and at those times it will be best to use the Discover it at gas stations, grocery stores, restaurants, and eligible online merchants, including Amazon.com, Walmart.com, Uber, and Lyft. Get up to 5% cashback in rotating and newly added everyday categories. Cash Back Credit Card; Travel Credit Card; NHL Credit Card; Student Credit Card; Business Credit Card; Cardmember Agreement; Banking; Home Equity Loans; Mortgage Refinance ; Personal Loans; Student Loans; Gift Cards; Debt Consolidation; Credit Card Benefits; Identity Theft Protection While its cash back offer, including 5% on rotating categories, is well known, the card offers some perks that may surprise you. Capital One, on the other hand, focuses on offering customers a credit limit higher than the deposit requirement as they establish trust.   Discover was an innovator when it launched in 1986, with its no annual fee and cash back rewards program.

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