Discover Credit Card Reviews

Discover Credit Card Reviews

discover credit card reviews

Below we present a brief overview and description for every Discover credit card together with thoughts on the other credit cards with which you could evaluate these cards. Each of these cards has no annual cost.

  • It is the Explore it Miles card is the most popular credit card from Discover for the majority of customers. It’s advertised as a travel credit card however, it could just as easily be regarded as an cash-back card. This is how it works The card gives you 1.5 “Miles” for each dollar you spend using the card. However, they are in essence identical to points that can be worth one penny. For instance 10000 “Miles” = $100 in rewards. You can make use of your points and miles to pay for travel expenses that you’ve incurred with your card. Or, use them to purchase cash and earn the equivalent to an 1.5 cash-back card at a % rate. An additional benefit: At the end of your first year with this card the miles you’ve earned will be doubled. This means that you’ll get an 3% discount on purchases made in the first year in the event that you keep this card as length of time (and we’re not sure why you shouldn’t). The cards to compare this with: Citi Double Cash, Bank of America Travel Rewards.
  • Discover It Card The Discover it Card, the company’s most popular credit card, it’s a cash-back card that offers 5percent discount on specific categories of shopping and 1 percent on all other purchases that you purchase using the card. Beware: the categories that earn 5% change every calendar quarter. There is a maximum limit on the amount you can spend but still receive the 5% rebate ($1500) as well as you have to “activate” each quarter to ensure that you’re still eligible to earn the cash back of 5% (even when there’s no reason why you shouldn’t prefer a bigger percentage!). However, if you own many debt-free credit cards, this card is an excellent card to get the 5percent rebates. As with the above card it is increased by a third at the end of twelve months (meaning you will receive a 10 percent rebate on purchases during the initial year). Card to compare this with: Chase Freedom , US Bank Cashand .
  • Discover Chrome Cash back card that has a different formula: it provides you with 2percent cash back on gas and restaurant purchases (on at least $1000 in the quarter) and then the rebate drops to 1 percent) and 1 percent on all other purchases with the card. Like the other cards the first year rebates are doubled after 12 months. Card to compare this with: Capital One SavorOne Card , Bank of America Cash Rewards .
  • Discover it For Student in addition to Discover it Chrome For Students It is basically similar to Discover it Cards with the same name mentioned above, with more interest rates. Compare with: Capital One Journey Student Rewards , Bank of America Cash Rewards for Students .
  • Discover It Secured Credit Card for those who require “build or rebuild” their credit due to past credit problems or a lack of credit background it is our most-loved security credit card. It is necessary to make an amount of security to obtain the card, and then you receive a credit limit equivalent to the amount you put down. The card is then used as every other card and make monthly payments. The payment you make is not out of the security deposits, you receive that security amount back once you’ve decided to stop using this card (assuming you’ve cleared your balance). The goal is to prove the ability of you to use your credit card in a timely manner by paying your bills in time every monthand eventually being able to have an “regular” credit card that does not require the deposit. If you’re doing a great job using this card, Discover may eventually return the security deposit (possibly up to up to 8 years) and allow you to continue to use the card. It offers a rewards program that is rare on secured cards. Get cash back of 2% on food and gas purchases (on up to $1000 of the quarter for these types of purchases) and 1 percent cash back on all other purchases. No annual fees beyond the security deposit, which is refundable. Compare with: Capital One Secured Card , BankAmericard Secured Card .

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BUSINESS CREDIT:

  • Discover It Business Card Small business credit cards offer 1.5 percent cash back for every purchase made using the card. There is no annual fee. It also comes with a bonus: when you finish your first year with the card Discover will match the rewards you earned during that year for a second time. This means that you’ll receive the benefit of a 3% reduction on everything you purchase during the first year. It’s a great credit card for business if you do not need to think at the amount of rewards you can earn, although there are many other credit cards on the market that could give you a little more. You can compare it to Chase Ink Business Unlimited, Blue Business Cash from American Express.

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