Credit Cards

The 8 Best Discover Credit Cards of 2019


The 8 Best Discover Credit Cards of 2019 24.09.2019Leave a comment
The 8 Best Discover Credit Cards of 2019

Discover® it offers 8 different types of cards, each with its unique features and benefits. However, there are some benefits that they all share in common.

So, before we take detailed views of the cards individually, let’s see the general card benefits that Discover® it has to offer.

  • Freeze it
    Easy to freeze your account online on the app if you misplace or lose your card. This will instantly prevent any fraudulent purchases, cash advances, and balance transfers.
  • Looking out for you
    Purchases are being monitored by the company, and they take responsibility for unauthorized purchases made on your Discover® it card.
  • FICO Credit Score for free
    You can view your FICO credit score for free on monthly statements, mobile and online.
  • 100% US-based customer service
    The call center is intended for help only and not offering new products. Additionally, get powerful and fast mobile and online services.

Discover® it Cash Back

The Discover® it Cash Back credit card allows you to benefit from cash back in several ways.

First of all, you can earn 5% cash back in different bonus categories with a quarterly limit of $1,500 on purchases. This means that you will have $75 of maximum cash back per quarter and $300 per annum.

In addition, there are bonuses in different purchase categories for each quarter. Those can range from gas stations, grocery stores, Amazon.com shopping platform, up until restaurants, and more. For other purchases you will have a 1% cash back all year long with no limits.

Discover® it Cash Back
Discover® it Cash Back

And finally, this card allows you to earn twice your bonus with cash back match at the end of your first year

There is no minimum amount of purchases to be eligible for cash back. Your cash back will be matched to your account after 1 or 2 billing periods following the 12th consecutive billing period that your new account is open.

However, note that by the time when your cash back is calculated, your account has to be open and you have to be within the cash back reward program in order for your cash back to be matched.

Your cash back bonuses will not expire. You can redeem any time in any amount you like.

Fees

  • Minimum interest charged is $0.5
  • Cash advance fee – higher of 5% of the cash advance and $10
  • Balance transfer fee – 3% fee on balances transferred until 10 December 2019, up to 5% thereon
  • There is no annual fee

Reviews

Most review writers for this credit card appreciate the easy-to-use feature and are content with the customer service they get from owning this card.

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On the other hand, some customers think that Discover® it Cash Back has higher APR when compared to other credit cards. Another notable argument is the absence of notifications of recurring charges, a feature that Mastercard gives its customers.

Discover® it Travel

With this credit card, you will earn 1.5 Miles for every $1 you spend on all kinds of purchases with no limit. The Miles you earn will never expire. At the end of the first year you will get a bonus through Discover® Match as your Miles will double.

Discover® it Travel
Discover® it Travel

You can redeem your miles through both making travel purchases (such as airline tickets, hotels, car rentals, etc.) or converting into cash. No matter how you redeem your Miles, the worth is 1 Mile is equivalent to the worth of 1 penny.

Fees

  • Interest charged is at least $0.5
  • Cash advance fee – greater of 5% of the cash advance and $10
  • Balance transfer fee – 3% fee on balances transferred until 10 December 2019, up to 5% thereon
  • Annual fee – none

Reviews

This card is liked by the reviewers, who highlight the features of ease of use, great customer service and an immense amount of bonuses. However, some other users think that customer service underperforms, especially when compared to AmEx.

Discover® it Gas & Restaurant

If you are looking for a credit card with a no expiry date on its cash back, then this is the right one for you.

With this card, every purchase you make at restaurants and gas stations will be rewarded with a 2% cash back for the first $1000 of each quarter amounting to $80 a year.

Discover® it Gas & Restaurant
Discover® it Gas & Restaurant

Additionally, you will have 1% cash back on every other purchase you make. And if you spend $1500 – $2000 every month on purchases, you will get back $180 – $240 annual cash back.

And this yearly amount of $260 – $320 will be doubled for the first year of your card membership, making it $520 – $640.

And the best thing about these cash backs is that you will be able to redeem it anytime, in any amount you wish.

Fees

  • Interest charged is at least $0.5
  • Cash advance fee – higher of 5% of the cash advance and $10
  • Balance transfer fee – 3% fee on balances transferred until 10 December 2019, up to 5% thereon
  • No annual fee

Reviews

Customers of this credit card like the introductory benefits and the outstanding service. A reviewer pointed out the benefit that Discover® it tracks and makes sure that during your trips you really were at the place where your card was being used.

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The main dissatisfaction associated with this card is the high interest rates, one that especially is too expensive for students.

Discover® it Secured

The motto of this credit card is “Build or rebuild your credit with responsible use.”

Now we’ll dive into the specifics of the benefits.

Let’s say you’ve already decided that you want to take this credit card and you are wondering what to do next. The step following your decision should be your request for the card after which you will need to deposit the amount of your credit limit, which is refundable. This allows you to be secured from the default of repayment.

Being secured from default is part of the process of building your positive credit history with the three major credit bureaus.

When using the card at restaurants and gas stations, you will have 2% cash back with a limit of $1000 on purchases per quarter. This means that you can save up to $80 per year only in restaurants and gas stations.

Discover® it Secured
Discover® it Secured

Moreover, you will get a 1% cash back on all other purchases. This perk has no quarterly or yearly limit. If you spend $2000 on purchases every month, you will save $240 for each year.
But wait, the most exciting part is yet to come. There is a Match bonus at the end of your first year. This means that your cash back for the first year will be doubled. So, if you have a $320 cash back for the first year it will become $640 by the end of the first year.

On top of everything, this secured card gives you free access to your FICO score and the history of its changes during the last 1 year as well as more credit score related information.  

Fees

  • Interest charged is at least $0.5
  • Cash advance fee – $10 or 5% of the cash advance
  • Balance transfer fee – 3% fee on balances transferred until 10 December 2019, up to 5% thereon
  • No annual fee

Reviews

Most reviewers are happy with the benefit of getting a good credit history, which they use to obtain long-term loans. Some others claim to receive high credit limits on other cards thanks to the fact that they own Discover® it Secured credit card.

The most significant and common issues that the reviewers share are technical delays associated with posting payments.

Discover® it Student Cash Back

When you are a student, especially if you pay your tuition fee yourself, every penny seems important and you want to save as much as possible. The good news is that Discover it understands that and they have taken it into consideration when designing the Student Cash Back credit cards.

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Here are some of the benefits you can have with this card.

If you can keep your GPA at 3.0 or higher for the upcoming 5 years, you will get a $20 annual bonus. Well.. you may think $20 a year is nothing.

But wait until I tell you about the rest of the bonuses.
If you are a frequent visitor of restaurants and gas stations, you make purchases on Amazon, Uber, Lyft, Target, Wallmart, and more, you will get a 5% cash bank for the first $1500 purchases every quarter.  This equals to $75 for each quarter and $300 for a year.

Discover® it Student Cash Back
Discover® it Student Cash Back

Additionally, at the end of your first year as a cardholder, your cash back will be doubled reaching up to $640.

Fees

  • Interest charged is at least $0.5
  • Cash advance fee – higher of 5% of the cash advance and $10
  • Balance transfer fee – 3% fee on balances transferred until 10 December 2019, up to 5% thereon
  • No annual fee

Reviews

The customers like the rewards associated with this card. Others are also delighted with the low APR and the pretty look of the card.

Nevertheless, some reviewers argue that this card has cut all the important benefits it had from the past such as price protection, purchase protection, and extended warranty.

Discover® it Student Chrome

Let’s take a look at the cash rewards this card has to offer.

Student Chrome credit card has the same cash bonus as the Student Cash Back card: $20 annual bonus for 5 years if you maintain your GPA of 3.0 or higher.

However, unlike the 5% cash back reward with Student Cash Back card, here you will get 2% cash back at gas stations and restaurants for the first $1000 spent during each quarter.

Discover® it Student Chrome
Discover® it Student Chrome

Although the percentage of the quarterly limited cash back is smaller then on the other card, you will also have 1% unlimited cash back on all other purchases.

Cash back bonus – 2% at gas stations and restaurants each quarter with a quarterly maximum of $1000 on purchases. 1% unlimited cash back will apply on all other purchases.

And just like on most of the other cards, your cash back will be doubled at the end of the first year of your card membership.

Fees

  • Interest charged is at least $0.5
  • Cash advance fee – higher of 5% of the cash advance and $10
  • Balance transfer fee – 3% fee on balances transferred until 10 December 2019, up to 5% thereon
  • No annual fee

Reviews

The fans of this card like to describe it as a “Good beginner card” for its benefits. Reviewers claim the card is accepted almost everywhere and the customer support system, the website and app are of very high standards.

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Some reviews came negative as people complain about high APRs following the first year and low benefits of the card.

Discover® it NHL

Discover® it NHL is the official credit card of the NHL.

Discover® it NHL
Discover® it NHL

This credit card offers benefits to NHL fans. Let’s take a look at these benefits:

  • Get a 10% discount at Shop.NHL.com using the code ITPAYS. Get 10% discount on your subscription on NHL.TV as well using your Discover® it card.
  • Cash back bonus – 5% at different places each quarter with a quarterly maximum of $1500 on purchases. The places can range from gas stations, grocery stores to Amazon.com and more. 1% unlimited cash back will apply on all other purchases.
  • At the end of your first year as a cardholder, cash back on your account will be doubled

Fees

  • Interest charged is at least $0.5
  • Cash advance fee – higher of 5% of the cash advance and $10
  • Balance transfer fee – 3% fee on balances transferred until 10 December 2019, up to 5% thereon
  • No annual fee

Our thoughts

The card is good for anyone who appreciates discounts and doesn’t only focus on the cashback options when choosing a credit card. If you are an NHL fan, you are going to love this card for its discount code for shopping and a 10% discount on TV.

Although the card has a few charges, it comes with no annual fee and the discounts and cashback bonuses will probably cancel most of the charges out.

Discover® it Business

This credit card has the following motto – “Simple. Smart. Built for your business. ” It suggests that if you are looking for a credit card to run your business with, this is the one for you.

Discover® it Business
Discover® it Business

Now let’s have a look at the benefits this card has to offer:

  • 5% cash back is available on absolutely all purchases and the rewards never expire
  • An unlimited Cash Back Match is available for the first year to double your cash back bonus at the year end
  • Strong 100% US-based customer service to help promptly. You will also get powerful and fast mobile and online services.

 There are more benefits from Discover® to offer to businesses. Those include:

  • Business expense tracking
    • Export transactions into Quicken, QuickBooks and Excel
  • Free employee cards
    • Add employee cards with Discover® with credit limits and earn bonuses from their purchases
  • Free Social Security Number alerts
    • Get alerts if your SSN is found on any Dark Web site
  • Fraud protection
    • Discover® is fully responsible for unauthorized purchases with its $0 fraud Liability Guarantee
  • FICO credit score
    • Get free FICO Credit Scorecard. Also get your business’s credit score, number of recent inquiries and more.
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Fees

  • Interest charged is at least $0.5
  • Cash advance fee – higher of 5% of the cash advance and $10
  • Balance transfer fee – 5% fee on the amount of each transfer
  • No annual fee

Our thoughts

This credit card is really made for business as it says in its motto. It has no annual fee and for the same charges as Discover has for some personal credit cards, it offers so many extra features.

However, while those extra benefits might make your job a lot easier, the cash back rewards will be significantly less than your charges for the card.

If you are looking for some of the benefits that this card has, then you should take it. But if you are looking for a low-cost credit card you should consider other options as well.

To sum it up…

Discover® has an interesting variety of credit cards to offer, as they account for the multiple needs of their customers. Some general benefits and functions like online account freezing and unauthorized purchase monitoring may come in handy if you are considering a credit card from Discover®.

By and large, people seem to be happy with Discover’s easy-to-use mobile app and website. The colossal amount of benefits also seems to attract new cardmembers. Whilst most customers are very happy with their Discover® credit cards; some others feel there is quite some room for improvement.

The main sources of discontent are technical delays in transaction processing and perceptibly high-interest rates that can’t be afforded by everyone.

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Andrei Shilkov

Blog author. I am well versed in Finance and Digital Marketing. I have two bachelors degrees in Finance. Born in Russia, but later moved to the USA, to western Pennsylvania, the city of Pittsburgh. I have a Certified Public Finance Officer (CPFO) certificate. I also worked at IRS and Microsoft.

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