Discover Credit Cards


Updated: November 28, 2018

Advertisement

Our review of the best Discover credit cards will help you select the most suitable cards from Discover in certain categories. Even if you have not that good credit score, you can be sure that there are quite decent offers for you.

Best Discover Credit Cards

In this review of the best Discover credit cards, we have come up with several worthwhile options. In particular, we have selected credit cards in the following categories: cash back, balance transfer, and poor credit. But even if you have a poor credit score, you still can enjoy decent rewards with Discover – this is something that you can’t find elsewhere!

Discover It Student Cash Back Credit Card

Best Discover credit cards

Annual fee: $0.

Purchase APR: from 14.99% to 23.99% variable.

Recommended credit score: from 690 to 850.

Most suitable for: rewards maximizers who want to get an overwhelming cash back rewards rate.

Credit card features:

Apply Here

When it comes to selecting the best cash back credit card from Discover, this credit card tends to top the ratings. Basically, this is an ideal credit card for rewards maximizers, and we will discover why in this review.

First of all, one has to mention that this credit card comes without an annual fee. Yet, it has high requirements, as the applications must have a credit score of at least 690 (or good). In return, the card promises pretty generous rewards to the cardholders.

The first thing to mention in this review should be the cash back rewards you can get with this credit card. Actually, you will receive 1% cash back on any purchases you make. On the top of that, you will enjoy 5% cash back on quarterly categories for up to $1,500 per quarter. This means that you can earn up to $75 in cash back on such categories per quarter.

This is the category calendar of this credit card:

Indeed, Discover credit cards usually don’t offer straightforward sign-up bonuses. However, there is another advantage of Discover cards: Discover will double the cash back rewards that you will receive during the first year at the end of the period. This means that you effectively get a cash back rate between 2% and 10% in the first year. If you spend $1,500 in quarterly categories (every quarter) alone, you will get $600 in cash back in the first year.

Apart from that, the card comes with a variety of additional features, such as a free FICO score or the Freeze It feature. You can also set up free social security number alerts for your account. You are unlikely to find 10% cash back on categories elsewhere, and this credit card is definitely a good grab for rewards maximizers.


Discover It Secured Credit Card

best credit cards from Discover

Annual fee: $0.

Purchase APR: 24.99% variable.

Recommended credit score: from 350 to 629.

Most suitable for: customers with poor credit score who need to rebuild credit.

Credit card features:

Apply Here

If you are seeking a credit card with generous rewards, you can certainly skip this section. And while this secured credit card from Discover doesn’t offer any extraordinary bonuses, it definitely deserves to be on this list. Even if you have a low credit score, you deserve decent rewards.

Many credit cards for customers with a poor credit score charge an annual fee – and sometimes those fees are unreasonably high. This Discover credit card doesn’t have an annual fee, and it is an amazing chance to rebuild your credit. Of course, it is a secured credit card, which means that you need to make a security deposit. However, this is the best credit card offer for the customers with poor credit at the moment.

But what’s more important is that this Discover credit card comes with decent rewards, which are usually unavailable for the customers with poor credit. You will earn 2% cash back rewards on any purchases made at restaurants and gas stations for up to $1,000 per quarter. Moreover, you will enjoy 1% cash back on any purchases you make. These are the rewards that would be unattainable for the customers with a poor credit score otherwise.

Same as with the previous Discover card, this secured credit card from Discover comes with an intro offer: all the rewards you will receive during the first year will be doubled at the end of the year. This offer effectively boosts the cash back rate to 2% and 4% respectively. Obviously, you cannot find such a high cash back rate elsewhere if you have a poor credit.

For instance, if you manage to spend $1,000 in quarterly categories and $1,500 on other products, you will receive $40 and $30 in cash back per quarter during the first year. Even with such rough calculations, you can get as much as $280 in cash back in the first year. This is an enormous figure for the customers with poor credit.

Apart from that, this Discover It Secured Credit Card also offers a number of other features. In fact, this credit card allows you to get free social security alerts when you sign up on a risky website. There are also other useful features available, but we should definitely point out that your credit card will be reviewed automatically after 8 months. If you will pay your card on time, it is likely that you will be able to upgrade for an unsecured credit card.

To sum up this review, one should definitely get this credit card if he/she has a poor credit score. This card not only allows you to rebuild your credit and not to pay an annual fee, but also provides you with generous cash back rewards. Basically, this is the best credit card for the customers with poor credit out there.


Discover It Balance Transfer Credit Card

Discover credit card review

Annual fee: $0.

Purchase APR: from 13.99% to 24.99% variable.

Recommended credit score: from 690 to 950.

Most suitable for: customers who have a large outstanding debt and want to avoid paying the interest rate.

Credit card features:

Apply Here

Even though this credit card from Discover It is aimed at the customers who need to make a balance transfer, there are decent cash back rewards too. Actually, this is an ideal credit card for many purposes, and you should definitely consider getting this credit card if you need to make a balance transfer.

First of all, this Discover credit card doesn’t have an annual fee. However, it requires you to have a fairly high credit score: it must start at 690 (good). And this credit card is ideal for balance transfers: it offers a 18-month long APR period on balance transfers, such as Wells Fargo Platinum Visa. This means that you won’t have to pay an interest rate for one year and a half! But in order to make a balance transfer, you will have to pay a balance transfer fee of 3%.

Let’s try to calculate whether it is profitable to do so. For instance, you should pay off a credit line of $5,000 with the APR of 15%. If it will take you 1.5 years to pay it off, you will have to pay the interest rate of $614.63. On the other hand, you can complete a balance transfer to this credit card, and this will cost you only $150. Obviously, it making a balance transfer seems to be lucrative.

On the other hand, this is one of the Discover credit cards that is good not only because of its balance transfers. This credit card also offers generous rewards. You will receive 5% cash back on quarterly categories of up to $1,500 per quarter, including such categories like Amazon.com, restaurants, grocery stores, and gas stations. On the top of that, you will enjoy 1% cash back on all other purchases.

To make the matters even better, we should say that this card also has the intro offer from Discover: it will match the cash back you will earn during the first year. This means that the actual cash back rewards rate will vary between 2% and 10% in the first year. Additionally, the credit card also offers a 6-month long intro APR period on purchases as well.

Same as the other Discover credit cards that we have just reviewed above, this credit card offers a number of other useful features. For instance, you will be able to check your FICO credit score and get social security number alerts. One of the advantages of Discover credit cards is that you can redeem any amount of cash back at any time. Moreover, the rewards you earn never expire.

Overall, this credit card from Discover appears to be a good choice for many customers. If you have to pay an interest rate on the existing loan but you have a credit score good enough to get this credit card, we highly recommend you to get this credit card and make a balance transfer. That will help you avoid paying unnecessary interest rates. Considering that the card comes with generous rewards, there is no reason not to get this credit card.

Discover Credit Cards
5 (100%) 1 vote

Share the Word!

Other Banking Options: