Discover Credit Card: Consumer-friendly Features & Benefits
Discover credit card is the newest of the four major card networks in the United States, and it has grown to become the sixth-largest card issuer in terms of cards in circulation and outstanding balances.
Depending on the discover credit card, you can earn between 1 and 5 percent cash back, and it automatically matches all first-year rewards card earnings dollar for dollar for new cardmembers after your account has been active for 12 months.
What is Discover Credit Card?
Discover is the sole owner of Discover Bank as well as a financial services corporation. Discover is a credit card company that primarily operates in the United States.
Discover credit card does not charge an annual fee and offered a higher-than-average credit limit when it first started, both of which were disruptive to the existing credit card market.
They provide a variety of credit cards with high cash back and no annual fees. There are no foreign transaction fees on any of its cards, and they all include Discover’s exclusive Freeze It® feature, which allows you to turn your account on and off in the event that your card is lost or stolen.
Types of Discover Credit Cards
Discover credit cards are available on the Discover it® platform, a set of common benefits we’re committed to providing to every customer. However, the rewards and some extra benefits vary from product to product to be sure we can give different customers what they need.
Discover Cash Back Credit card: earn rewards at different places
Discover it® Miles: great for vacations or staycations
Discover it® Chrome Gas & Restaurants: earn rewards on road trips
Discover it® Secured Credit Card: build your credit history
Discover it® Student Cash Back:It is also known as discover students credit card. students earn rewards at different places
Discover it® Chrome for Students: students earn rewards at gas stations and restaurants
NHL® Discover it®: put your favorite team on your card
Discover It Cash Back Credit Card
This card functions similarly to the popular Chase Freedom Flex in that it earns 5% back on your first $1,500 in purchases at rotating quarterly categories (upon enrollment). The current 2022 Q2 categories are gas stations and Target.
If you max out the $1,500 bonus category each quarter, you’ll earn $300 on the year, though Discover will match the cash back you earn in your first year (so that’s $600 back). After that, the card earns 1% on all other purchases.
With no redemption minimums to worry about, you can cash out your rewards at any time and get that money working for you again.
Discover Students Cash Book
Discover also offers two other versions of the Discover it card with identical earning structures. One is the Discover it Student Cash Back, which has one additional perk worth mentioning.
For every school year that your GPA is 3.0 or higher (up to five years), you can receive a $20 statement credit as a good grade reward. While that’s not a ton of money, if you’re a student it might be reason enough to pick the student version over the standard Discover it Cash Back card.
Discover It NHLCredit Card
The other is the NHL Discover it. You’ll get access to the same 5% quarterly rotating categories (on your first $1,500 in purchases each quarter you enroll; then 1%) and first year cash-back match, and for no additional cost you can get the logo of your favorite NHL team on the card.
Discover It Miles
This card earns an unlimited 1.5 miles per dollar on all purchases made, although don’t let the name fool you. While Discover will match these miles at the end of your first year, these aren’t transferable miles like you’d earn with certain Chase or Amex cards.
Instead, they can be redeemed as a fixed-value travel eraser. Miles are worth 1 cent apiece.
You can redeem your miles for any travel purchase made on the card in the last 180 days. The terms and conditions list the following as eligible travel purchases:
- Airline tickets.
- Hotel rooms.
- Car rentals.
- Travel agents.
- Online travel sites.
- Commuter transportation.
Discover It Chrome
The Discover it chrome card is not especially competitive for those with established credit, as it only offers 2% at gas stations and restaurants on your first combined $1,000 spent each quarter, then 1% on all other purchases.
That doesn’t compare favorably to a card like the American Express® Gold Card, which offers 4 points per dollar on dining at restaurants, worth 8% back based on TPG’s valuations, but that card has a $250 annual fee (see rates and fees) compared to no annual fee on the Discover It Chrome Card.
Again, Discover offers two different cards that use this same earning structure which might be more useful to certain target audiences.
The first is the Discover it Student chrome, which offers the same $20 statement credit each school year your GPA is 3.0 or higher; for up to the next 5 years, as the Discover it Student Cash Back and might be well-suited to students with less established credit histories.
Discover It Secured Credit Card
The other version is the Discover it Secured, which is another great strategy to build credit, whether you’re young and just starting out or looking to move on from some dings to your credit report.
After you’re approved and given a maximum possible credit line, you’ll pay a refundable security deposit as collateral. Your card’s credit limit will then equal the amount you chose to pay for the deposit.
This allows Discover to issue a full credit card (not a debit or prepaid card) to people with less-than-perfect credit while minimizing risk.
Discover It Business Card
This no-annual-fee, no-frills business card offers an unlimited 1.5% cash back on all purchases, which Discover will match at the end of your first year.
That’s not all that exciting by itself, but high-spending businesses can use the first-year cash-back match to essentially earn 3% back on all their purchases without spending any extra time or effort on their card strategies.
Discover also offers a number of management tools that businesses will appreciate, such as up to 50 free employee cards and the ability to easily download transactions into Quicken, QuickBooks and Excel.
How to Apply for a Discover credit card—-Discover Credit Card Application
You can apply for Discover credit cards at Discover.com or by calling 1-800-DISCOVER (1-800-347-2683). Select from cash back credit cards or travel credit cards.
We also have Discover student cards. All our credit cards earn Discover rewards on every purchase. You’ll need to be 18 or older to apply for a card. If you’re not yet 21, you will have to apply online. Discover Secured credit card applicants must also apply online
Discover credit card application status—–discover credit card pre approval
You can check your Discover card application status online or over the phone: (800) 347-3085. Both methods are available 24/7. You just need to confirm your identity by inputting your Social Security number (SSN) and you’ll find out whether your Discover credit card application is approved, denied or pending.
Discover credit card requirements
Explore how to sign up for a credit card with no credit history. Here’s what to do if you’re looking to sign up for a credit card:
- Age
- Income
- Low debts
- Credit Score
Learn the age, income, and credit score requirements for first-time cardholders
Explore how to sign up for a credit card with no credit history
Discover Credit Card Login
Discover Credit Card Login grants you access to your account. Log in to your Discover Card account securely to check your balance, pay bills, review transactions and more To login to dicover card account:
Go to https://portal.discover.com/customersvcs/universalLogin/ac_main
Enter User ID and password
Click login
Discover Credit card interest rate
Credit card interest is what you are charged according to the terms of your cardmember agreement. It works as a daily rate calculated by dividing your annual percentage rate by 365, and then multiplying your current balance by the daily rate. That amount is then added to your bill.
Standard purchase APR: 13.49% variable to 24.49% variable, based on your creditworthiness. Cash APR: 26.49% variable.
Discover Credit Card Customer service
1-800-347-2683
If you need immediate access, you can contact Customer Service at 1-800-Discover (1-800-347-2683).
Discover Credit Card Designs
Replacement cards come with more options: You can choose from more than 100 Discover Card designs for a replacement card. You can change your card design: To change your card design, log into your account and select “Choose a Card Design.” Your new card will arrive in 4-6 business days.
Discover credit card benefits
The Discover it® Cash Back card is a good credit card that’s worthwhile for people with a credit score of 700+ who want a $0 annual fee and a high cash back rewards rate.
Discover it® Cash Back offers up to 5% cash back on purchases in bonus categories, and Discover will match the rewards you earn the first year.
- Cash back in popular areas
2. Redemption flexibility: You can redeem your cash back in any amount whenever you like, and into any bank account you choose.
3. A long 0% intro APR period
4. A valuable sign-up bonus for new cardholders
5. A considerate late-payment policy
6. No foreign transaction fees
You won’t pay extra to use either card abroad. However, Discover’s international acceptance isn’t as widespread compared with Visa’s or Mastercard’s.
Consumer-friendly features and benefits
7. An account-freezing function
If you misplace your credit card, you can use Discover’s “Freeze it” feature to prevent new purchases, cash advances or balance transfers. Access the website or mobile app to turn the switch on or off.
8. Social Security number alerts
Discover monitors the web and your Experian credit report to protect you against identity theft. The issuer notifies you when your Social Security number is found on the dark web or if a new account is opened and listed in your credit report. You have to opt in to this feature.
9. Cash at checkout
This benefit can save you a trip to the ATM when you use your credit card at a qualifying register to get cash. You won’t pay a transaction fee, ATM fee or a bank fee, but your regular purchase APR will apply to the cash you request. You can get up to $120 per 24-hour period at certain stores.
discover student credit card
Discover student credit cards help college students build credit history, earn cash back rewards, and learn healthy credit behavior. On top of the rewards, you get a free FICO score, low fees and forgiveness for your first late payment.
Secured Discover Credit Card Reviews—-Discover Secured Credit Card Reviews
The Discover it® Secured Credit Card is 2022’s best secured card because it has a $0 annual fee and gives good rewards on purchases (1% to 2% cash back).
- Quick Facts
- View rates and fees
- No credit score required to apply.
- No Annual Fee, earn cash back, and build your credit with responsible use.
Establish your credit line by providing a refundable security deposit of at least $200. That means a $200 deposit for a $200 credit line. Or a $500 deposit for a $500 credit line.
Bank information must be provided when submitting your deposit, and the security deposit equals your credit limit.
How to close discover credit card
To cancel a Discover it card, call Discover Customer Service at 1 (800) 347-2683. You’re not required to pay off the balance before you cancel, but you will have to continue making payments even after you’ve cancelled the card.
And be sure to redeem any rewards you’ve earned before you cancel.
How can I get a new credit card from Discover?
Discover credit cards may be applied for online at Discover.com or by calling 1-800-DISCOVER (1-800-347-2683).
Choose from cash back credit cards and travel credit cards. Discover student cards are also available.
Every purchase made with any of our credit cards earns Discover rewards. You’ll need to be 18 or older to apply for a card. I
f you are under the age of 21, you must apply online. Applicants for the Discover Secured credit card must also apply online.
Discover credit card contact number
1-800-347-2683
If you need immediate access, you can contact Customer Service at 1-800-Discover (1-800-347-2683).
FAQS
Is discover credit card good?
Yes it’s worth it, especially in your first year.
There’s no minimum spending or maximum rewards. You could turn $150 cash back into $300. During that first year, Discover it® Cash Back offers the greatest savings of any other cashback card around.
What credit score is needed for Discover business credit cards?
Since it’s a business card, the Discover it Business requirements call for excellent credit (a FICO score of 740 to 850) to apply.
How does the Discover it student cash back work?
Discover it® Student Cash Back: Basics
Discover will automatically match all the cash back you’ve earned at the end of your first year! So you could turn $50 cash back into $100. Or turn $100 into $200. There’s no minimum spending or maximum rewards.
How do I pay Discover credit card bill?
The easiest way to make a Discover card payment is to log in to your online account or call (800) 347-2683. You can also mail payments to Discover Financial Services, P.O. Box 6103, Carol Stream, Illinois 60197. For fastest service, you should submit your payment online or by phone
Which is the best Discover credit card?
Which Discover credit card is right for you is a question only you can answer. Whether or not you need a credit card that provides certain benefits over others or earns rewards based on specific or all-around spending are among some of the decisions you’ll make while finding the right credit card for you.
What is the minimum income for a Discover card?
No, there is no minimum income required to get approved for Discover it Cash Back. When it comes to income, what you need to demonstrate is your ability to make at least the minimum monthly payments and to repay any balance you may incur. Moreover, a good credit score or better is required to get this card.
Is Discover card a good card?
Overall, Discover is not a bad credit card company. Discover actually is a good credit card company for most people because it has credit card offers for people of all credit levels, and its cards all have $0 annual fees as well as rewards.
What is the required credit score for a Discover card?
A 700+ credit score is needed to get most Discover credit cards, but there’s no minimum credit score needed for a few Discover cards. You can get the Discover it® Secured Credit Card with a bad credit score (below 640).
Conclusion
With no cash or points sign-up bonuses, Discover cards probably shouldn’t be the first cards you add to your wallet. That being said, for people with poor or limited credit histories, the various student and secured cards Discover offers can be a great stepping stone to more rewarding transferable points cards.
Experienced players can get great value here as well. Since there’s no cap on the first year cash-back match, high-spending individuals and businesses can score an incredible return on bonus categories and everyday spending without jumping through as many hoops as some other cards require.