Best Discover Credit Card Review: Is it Good Credit Card?

Discover is a financial services company that provides a variety of banking and payment products. It is known for its credit cards, which often offer cashback rewards and competitive benefits.

Discover also operates a direct banking platform, offering savings accounts, certificates of deposit, and other financial services. The company’s goal is to provide innovative and customer-centric financial solutions to its clients.

Discover offers a diverse range of credit cards known for their appealing cashback rewards, often featuring no annual fees and introductory 0% APR offers. Cardholders benefit from free FICO credit score tracking, robust security measures, and high-quality customer service.

Discover also caters to students and individuals seeking to build or rebuild their credit. With wide acceptance and numerous partnerships, Discover provides a solid option for various financial needs.

Discover credit cards can be a good choice, depending on your financial needs and spending habits. To choose the best Discover credit card, consider factors such as your credit score, preferred rewards (cashback, travel, or student benefits), and any specific features like 0% APR introductory periods or no annual fees.

Discover it® Cash Back is a credit card by Discover Financial Services known for its cashback rewards program. Cardholders can earn cashback on various purchases, with bonus categories that change quarterly.

One unique feature is the Cashback Match, where Discover doubles the cashback earned in the first year. It typically offers a 0% introductory APR on purchases and balance transfers for the first 14 months, and there’s no annual fee.

Cardholders also benefit from free FICO credit score tracking and a range of redemption options.

• Best Feature: Cash back on everyday purchases.
• Rotating bonus categories for 5% cash back.
• No annual fee and a long 0% introductory APR.
• Double cash back for the first year.
• No foreign transaction fee.
• Freeze your account if your card is lost or stolen.
• Free monthly FICO credit score access.

The Discover it® Student Cash Back is a credit card crafted for students. It offers cashback rewards on purchases, with a unique Cashback Match feature that doubles the rewards in the first year.

Additionally, it usually features a 0% introductory APR on purchases for the first six months, making it suitable for students. There’s no annual fee, and Discover provides free FICO credit score tracking, educational resources, and various redemption options.

• Best Feature: Student rewards.
• 5% cash back in rotating categories.
• Dollar-for-dollar match on all points earned in the first year.
• Redeem cash back rewards for a statement credit.
• No annual fee and no foreign transaction fees.

Discover it® Miles is a travel rewards credit card from Discover. It allows cardholders to earn miles on every dollar spent, which can be redeemed for travel expenses like flights and hotels.

The card usually comes with no annual fee and offers an introductory 0% APR on purchases for the first 14 months. Cardholders also enjoy free FICO credit score tracking and security features like the $0 Fraud Liability Guarantee.

• Best Feature: Travel rewards.
• All miles earned in the first year are matched by Discover.
• Earn 1.5 miles per dollar on all purchases.
• Miles do not expire and can be redeemed as a statement credit.
• No foreign transaction fees and no annual fee.

The Discover it® Student Chrome is a credit card tailored for students, featuring cashback rewards geared toward student spending habits, particularly on gas and dining.

It offers a unique Cashback Match feature, doubling all rewards earned in the first year for new cardholders. The card often includes a 0% introductory APR on purchases for the initial six months and doesn’t come with an annual fee.

It provides valuable credit education resources, robust security features, free FICO credit score tracking, and versatile cashback redemption options.

• Best Feature: Rewards for students.
• 2% cash back on combined gas and restaurant purchases each quarter.
• Dollar-for-dollar match on all cash back earned in the first year.
• No annual fee.
• Ideal for students who spend consistently in certain categories.

The Discover it® Secured Credit Card is designed for individuals seeking to establish or rebuild their credit. It requires a refundable security deposit, which becomes the credit limit, making it accessible to those with limited or damaged credit.

The card offers cashback rewards on purchases, coupled with the Cashback Match feature that doubles rewards in the first year.

It typically includes a 10.99% introductory APR for balance transfers during the first six months, no annual fee, credit education resources, and security features such as the $0 Fraud Liability Guarantee.

• Best Feature: Secured purchases.
• 2% cash back on gas and restaurant purchases (up to $1,000 per quarter).
• 1% cash back on all other purchases.
• Dollar-for-dollar match on all cash back earned in the first year.
• Opportunity to build or rebuild credit.
• No annual fee and refundable security deposit.

Discover card rewards are a straightforward and beneficial way to get something back from your purchases. When you use your Discover credit card, you earn cashback rewards, which can be redeemed through the Discover website or app in various ways.

These include getting your cashback as actual cash or as a statement credit to lower your card’s balance. You can also use your rewards for travel credits, get gift cards, make charitable donations, or use them for direct payments on Amazon.com.

The amount of cashback you earn depends on the type of purchase and usually ranges from 1% to 5%. There are often special categories that change every few months where you can earn more cashback, like at grocery stores or gas stations. To take full advantage of these bonus categories, you typically need to activate them each quarter.

Discover has an exciting feature called Cashback Match. In your first year as a new cardholder, Discover matches all the cashback you’ve earned. It’s like getting double the rewards for your first year, which is quite a bonus, especially if you plan to make substantial purchases during that time.

When you decide to redeem your rewards, the value may vary based on what you choose. If you opt for gift cards or e-certificates from Discover’s partners, you can start redeeming them with as little as $5.

Other options, such as making charitable donations, getting account credits, depositing money electronically, or making purchases on Amazon.com, can be redeemed for even small amounts, starting from just a penny.

The great thing about Discover’s cashback rewards is that they don’t expire, even if you close your account or don’t use it for a while. You have the flexibility to redeem your rewards whenever and for whatever amount suits you best. It’s a rewarding system designed to give you more value for your spending.

• Explore Discover’s credit card offerings on their official website.
• Select the specific Discover credit card that best suits your needs and preferences.
• Ensure you meet the card’s eligibility requirements, which typically include a good credit score.
• Complete the online application form with your personal and financial details.
• Carefully review your application for accuracy and submit it.
• Discover will review your application and may request additional information if needed.
• You will receive a decision via email or regular mail, typically within a few weeks.
• Once approved, follow the instructions provided to activate your Discover credit card.
• After activation, you can begin using your Discover card for purchases and payments.

R.R Singha

Hey, I’m Ratiranjan Singha, the Creator of Myworldstuffs.com. I Offer in-Depth Articles and Guides that Help you to Understand Various Financial Concepts.