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Updated April 1, 2016

Is Discover It a Good Credit Card?

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Is Discover It worth it? The most popular offering by Discover can be well worth the application for the following 10 reasons. To round out this list, we'll also give you 3 reasons why you might want to look elsewhere:

Overall Score


Cash Back Deal


Bonus Cash Back

5-point scale (the higher, the better)

Pros and Cons

  • 5% bonus categories
  • FICO credit score
  • Intro APR on purchases and balance transfers
  • No annual fee
  • Not a Visa/MasterCard

Bottom Line

Great cash back credit cards with no annual fee

Reasons to Get It

  1. 5% bonus categories: Throughout the year, you have the opportunity to earn 5% cash back on certain spending categories. The categories change every quarter. Examples include purchases made at restaurants and movie theaters, home improvement stores, and gas stations. The categories are broader than similar rewards programs of other credit cards, so you stand to make a significant amount of cash back if the categories fit your lifestyle (keep in mind the 5% cash back stops accruing after you've made $1,500 in purchases in the bonus category each quarter). Signup is free and takes just a few clicks on Discover's website every three months.

    Another plus: You get an unlimited 1% cash back on all other purchases — and the 1% cash back applies to purchases when you go over the $1,500 threshold.

    But that's not all. As an promotional offer for new cardmembers only, Discover will match all the cash back you've earned at the end of your first year, automatically.

  2. You'll have regular access to your FICO credit score: Your FICO credit score is included for free on your monthly statement. It's a great way to keep an eye on your score without having to devote time (and money) to tracking it down from other sources.

  3. 0% intro APR: New cardholders enjoy 14 months of 0% APR on purchases and balance transfers. Then a 13.49% - 24.49% Variable APR.

    If you're carrying a balance on another card, this intro offer is an opportunity to make a dent in that debt (assuming you pay your balance in full by the time the intro period ends).

    Related: Best Balance Transfer Credit Cards

  4. No annual fee: The It card has no annual fee, even though it offers a minimum of 1% cash back on all your purchases.

  5. No nickel-and-diming: Many of the fees commonly charged by other credit cards are absent with the It card. There are no overlimit fees, no late payment fee on your first late payment, and no pay-by-phone fees.

  6. Leniency on late payments: Not only will Discover waive the late fee on your first late payment, but your APR will not increase just because you pay late.

  7. Accessible customer service: Discover is known for its customer service. Cardholders have access to 24-hour live customer support.

  8. No foreign transaction fee: Anyone who travels will appreciate the lack of a foreign transaction fee, which is generally around 3% of purchases charged in other countries when you use other credit cards.

3 Reasons to Consider Other Cards

  1. Acceptance is not as widespread: The network of retailers that accept Discover cards is not as wide as that of Visa or MasterCard, which means you won't be able to use your card to pay for purchases in as many places.

  2. Limit on rewards earned in bonus categories: You can only earn the bonus cash back percentage of 5% on $1,500 worth of purchases each quarter. Spending over $1,500 earns cash back at the regular rate of 1%.

    Another downer: You have to wait until you've earned $50 before redeeming your rewards for cash or a credit statement. Discover allows smaller amounts if redeeming for gift cards or purchases made through its site. Good news, Discover now allows you to redeem your rewards with no minimum requirements. You can redeem your rewards toward a statement credit or have it deposited directly into your bank account.

  3. Better signup offers elsewhere: You get a period of 0% APR on both purchases and balance transfers, but other cards offer new cardholders opportunities to earn bonus cash back or reward points that can add up to several hundred dollars in real cash. Some of these cards offer longer 0% APR introductory periods as well as the opportunity to earn bonus cash.

Bottom Line

Whether the pros outweigh the cons will depend entirely on your own financial situation and what types of purchases you make on a regular basis. The Discover It is a great general purchase cash back rewards credit card, but some cardholders might find other cards to be better options, whether because of higher cash back percentages, fewer limits on rewards spending, better introductory offers, or more widespread acceptance. Make sure you do your due diligence on all the cards you're considering before you make your final pick.

Leah Norris is a research analyst at CreditDonkey, a credit card comparison and reviews website. Write to Leah Norris at

Editorial Note: This content is not provided by Discover. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Discover.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. This site may be compensated through the Advertiser's affiliate programs.

Disclaimer: The information for the Discover it® Cash Back has been collected independently by CreditDonkey. The card details on this page have not been reviewed or provided by the card issuer.

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Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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