Discover it® Card Review: A Good Option to Have in Your Wallet
The Discover it card is a good card to consider if you’re in the market for a new cash back rewards card. If you like to churn credit cards then you know some people love travel cards and others like a good cash back card.
Regardless of your bent, I find that it’s always nice to have an everyday card to fall back on to earn some cash back for your normal spending. If you are finding that you need a new cash back card then hopefully this Discover it card review will help narrow down the decision making process for you.
My wife had a Discover card in the past though they’ve changed quite a number of things since she originally held the card. My favorite new aspect of the Discover it® credit card is adding 1% cash back on all purchases. Discover also rotates a quarterly 5% cash back program, just like the Chase Freedom card, on specific categories. If you have some targeted spending to do, this can be a nice way to add a little more cash to what you’d already be earning anyway. There are many other features of the Discover it® card I like, and will cover those below.
Before I get on with the Discover it® card review I will point out that if you’re paying off debt or struggle with spending then getting a new credit card should be the last thing you consider. No cash back or free trip is worth the added debt – plain and simple. With that out of the way let’s get on with the review of the Discover it® card.
Things I Like About the Discover it® Card
You Get Cash Back. This is a no-brainer. Who doesn’t like free money? What I love about the Discover it® card is that you get 1% cash back automatically. You can also enroll in 5% cash back quarterly on up to $1,500 in purchases. For October through December that category is for online shopping and Department Store purchases.
Their customer service is U.S.-based. With the Discover it® card, all customer service representatives are based in the U.S. and are available 24 hours per day.
You can pair it with Amazon. If you like to shop on Amazon, or use Amazon Prime, (and who doesn’t) you can pair your Discover card with Amazon to make purchases with your rewards points. This is a neat little feature in my opinion.
No Annual Fee. Many rewards credit cards charge an annual fee. They might be waived the first year, but many are not. That is not the case with the Discover it® card. There’s no annual fee, period.
Free Credit Score. This is becoming more and more common these days, but the Discover it® card offers free FICO credit scores both online and on your monthly statement.
No Jacking Up of Fees. A feature that is somewhat unique to the Discover it® credit card is they do not jack up your rate if you miss a payment. They also allow you to make one late payment without getting hit with a fee. Of course, you should be paying your bills on time but it’s nice to know that if something arises you get a free pass on the first time.
Online Shopping Mall. Discover has an online shopping mall which will allow you to get anywhere from 5 – 20% cash back on purchases. This is a great way to get even more cash back for something you might already be buying anyway.
Intro 0% APR. This is another somewhat common feature, but the Discover credit card allows for an intro APR of 0% for the first 14 months which also includes transfers. Although it is a common feature, this is one of the longer terms available which makes it attractive in the event that you’re looking to transfer to a 0% APR card.
There are numerous other things I like about the Discover it® card, like $0 fraud liability guarantee and flight accident insurance that are more common amongst credit cards. You can see a full listing of their features on the Discover site.
What I Don’t Like About the Discover it® Credit Card
No credit card is perfect, so it stands to reason that’s the case with the Discover card. What I like least about the Discover it® credit card is that there is no signup bonus. That isn’t a deal breaker for me, but I would still like to see it. That said, I still believe for an everyday use cash back card the Discover it® card stands right there with the Chase Freedom card in terms of what it can do for you.
Related: If you’re into travel rewards cards then check out my Barclaycard Arrival World MasterCard review, where you qualify for a $400+ sign up bonus after spending $3,000 within the first 90 days of account opening.
With that in mind, Discover recently launched the Discover it® Chrome card. I’ve covered the Discover it Chrome vs. Discover it card in a previous post, but the major difference breaks down to how the rewards are handled. With the Chrome card, Discover got rid of the rotating 5% cash back program and have changed it to 2% cash back on up to $1,000 in combined purchases at gas stations and restaurants each quarter. You also get the same 1% cash back on all other purchases with the Discover it® Chrome.
My Take on the Discover Card
I believe for the right individual the Discover it® card is going to be a good option to consider. This is especially the case if you’re looking for a new cash back card and are potentially looking for a card that offers higher quarterly cash back bonuses. I also think that the lack of the annual fee makes this an attractive card to consider.
If you’re in to travel hacking, then the Discover it® credit card can be a solid option to consider paring with other more travel related cards like the Barclaycard Arrival or the US Airway MasterCard. Using either one of those cards can help you with the travel aspect and the Discover it® card, when used the right way, can generate some cash for your trip. That, along with its other attractive features make it a solid option to consider if you’re in the hunt for a new cash back rewards card.
Do you like to take advantage of credit card rewards? What’s your favorite rewards credit card?