A generous cash back and 18-month balance transfer offer makes the Discover It Card the go-to card to keep more money in your pocket. When you consider the rewards, low fees, and good customer service, it’s pretty easy to see why Discover It is one of the most popular cash back credit cards available.
 | | - The new Discover it card is out to change the way people think about credit cards.
- Fair...No annual fee. No overlimit fee. No foreign transaction fee & no pay-by-phone fee. No late fee on your first late payment. And we won't increase your APR for paying late.*
- Generous...5% Cashback Bonus on up to $1,500 in purchases at Home Improvement Stores now through June with free and easy sign-up. And 1% cash back on all other purchases.*
- Plus a Cashback Concierge(SM) who guides a free, personalized online tour to help you get the most rewards for how you use your card.
- Flexible...Choose your own due date and pay up to midnight ET online or by phone.
- Human...talk to a real person any time with 100% U.S.-based service.
- 0% Intro APR* on balance transfers for 18 months. Then the variable purchase APR applies, currently 10.99% - 22.99%.
- 0% Intro APR* on purchases for 6 months. Then the variable purchase APR applies, currently 10.99% - 22.99%. *Click apply for Terms & Conditions.
- Go to issuer's official application, terms, and details
| | | | Intro APR for Purchases | Intro APR for Balance Transfer | Regular APR | Annual Fee | 0% for 6 months | 0% for 18 months | 10.99% - 22.99% (Variable) | $0 |
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| Overall Score | 4.4 | |
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| Rewards | 4.5 | |
| Interest Rates | 4.0 | |
| Fees | 4.5 | |
| Benefits | 4.5 | |
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5-point scale (the higher, the better)
Pros and Cons
- 5% bonus rotating categories
- Full 1% cash back
- 0% Intro APR
- No foreign transaction fee
- No annual fee
- Some merchants don't accept Discover
Bottom Line
Excellent cash back credit card with no annual fee and low interest rate
Cash Back Program
Every time you buy something on the Discover It card, you earn cash back. This card earns an unlimited 1% on all regular purchases. It also has rotating bonus categories that earn extra cash back. For example, the bonus category for April through June 2013 is Home Improvement Stores. For each period, you earn 5% cash back (instead of 1%) on up to $1,500 of purchases in the bonus categories.
Once you’ve earned at least $50 worth of cash back, you can take out the money as a deposit in your bank or as a credit against your card purchases. You can also redeem your cash back for merchandise or gift cards from a variety of vendors. A few vendors double the value of your cash back, so if you redeemed $50, you would get a $100 gift card; although, it's more realistic to redeem $40 for a $50 or less gift card.
Introductory APR
This card offers an introductory 0% APR on balance transfers (18 months) and purchases (6 months) to welcome new cardholders. Then, the variable purchase APR applies, which is currently 10.99% to 22.99%, depending on your creditworthiness.
The 18 month intro APR on balance transfers is a great way to pay down your existing debt. Discover does charge a 3% upfront fee on each balance transfer, but this is usually still far less than the interest you would owe during this period.
Low Fees
There are very few fees on the Discover It Card. This card doesn’t charge an annual fee.
In addition, there are no over limit fees, pay by phone fees, or foreign transaction fees, so you never have to worry about these annoying charges.
Lastly, if you ever miss a payment on the It Card, Discover is quite lenient. You don’t owe a penalty on your first missed payment and Discover never increases your card APR, which reduces a lot of the stress of paying your bills.
US Customer Service
Discover prides itself on delivering great customer service for its cardholders. This card offers 24-hour live customer support - a rare feature in today’s computerized economy. Customer service representatives are trained to help you maximize your rewards. When you call in, you can explain what you want to do with your rewards and the representative will find the best possible deal for you.
Pros
- Earns 5% cash back on rotating bonus categories throughout the year.
- Earns full 1% cash back rewards on all other purchases.
- 0% introductory APR on balance transfers for 18 months
- No annual fee
- No foreign transaction fees
Cons
- Some merchants don't accept Discover
- No signup bonus deal
- 5% bonus rate only applies to $1,500 of purchases per period.
Bottom Line
If you’re looking to save money and avoid fees, the Discover It Card is hard to beat. It combines a fantastic cash back program with a simple and lenient fee structure which make this card overall a great deal. Unfortunately, since some merchants don't accept Discover, we suggest you also have another card in your wallet.
Next Step: View the issuer's official application, terms, and details
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Disclaimer: This content is not provided or commissioned by the company whose products are featured on this site. Any opinions, analyses, reviews or evaluations provided here are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by the Advertiser. This site may be compensated through the Advertiser's affiliate programs.
Disclaimer: Discover is a paid advertiser of CreditDonkey.
Disclaimer: This content was first published on January 11, 2013. This content may have been updated on April 1, 2013. Information including APR, terms and benefits may vary, be out of date, or not applicable to you. Information is provided without warranty. Please check Discover website for updated information.
