Best Discover® Credit Cards

Discover® is one of the most famous financial brands in the USA. The company has garnered some stellar reputation over the years, and today it offers a wide range of financial products and services. One of such products that Discover® offers is Credit Cards. In this article on best Discover® credit cards, we are going to take a quick look at the most famous credit cards that the brand has to offer. You can select the one that addresses your needs properly. Let us begin.

Best Discover® Credit Cards

1. Discover it® Student Cash Back

Best Discover® Credit Cards

Among many different types of credit cards that the company has to offer, the Discover it® Student Cash Back is particularly for students. It is a type of rewards credit card that targets only students. Anyone else cannot use this card.

The student credit card comes with a host of beneficial features. Read on to know what this card has to offer to the students:

Regular Annual Percentage Rate 14.99% to 23.99% (variable)
Introductory APR for purchases 0% – valid for 6 months
Introductory APR for balance transfer 10.99% – valid for 6 months
Balance transfer fee 3% of the total amount transferred
The annual fee on the card $0
Foreign transaction fee None
Required credit Fair

The card comes with some important benefits for students. The benefits are:

  • Cash back on quarterly spending categories: 5% on Amazon.com, dining, restaurants, gas stations, etc. There is a quarterly maximum
  • Cash back on other purchases: 1% – unlimited cash back is possible.
  • Cash back matching – Discover® will match all cash back that a student earns in the first year. The company will match it automatically at the end of the first year.
  • Statement credit: $20 for 5 years if the student maintains GPA of 3.0 or more in each school year.
  • Freeze it option: The student can freeze the card if he or she loses it or if someone steals the card.
  • Cash advance: It is available, but a fee of 5% of total cash advance or $10 (whichever is higher) will be applicable.
  • Late payment fee: $37 per late payment but the student need not pay it for the first late payment.
  • Free Credit Scorecard: Discover® will provide free FICO® credit score.

2. Discover it® Miles

Best Discover® Credit Cards

Discover it® Miles is one of the best Discover® credit cards for those who travel frequently. The card offers a lot of benefits when you use it wisely. The best features of this travel credit card are:

Regular Annual Percentage Rate 13.99% to 23.99% (variable)
Introductory APR for purchases 0% – valid for 14 months
Introductory APR for balance transfer 10.99% – valid for 14 months
Balance transfer fee 3% of the total amount transferred
The annual fee on the card $0
Foreign transaction fee None
Required credit Good or Excellent

The card comes with some irresistible benefits for its users. The benefits are:

  • Miles: The card user can earn 1.5 miles for every dollar he or she spends on all purchases.
  • Miles matching: Discover® promises to match all the miles that a spender earns in the first year. The company will automatically match the miles and credit it to the account of the cardholder at the end of the first year.
  • Miles redemption: A card user can redeem all the miles in dollar amounts, and use the same for traveling. For instance, a user can use the miles for making air ticket purchases.
  • No co-branding: Discover it® Miles does not come with co-branding. It means that the miles that a user earns become usable with any airline, or any hotel.
  • No blackout dates: It means that a user can use the miles for flying on any day. He or she can use the miles for staying at any hotel any day.
  • Statement credit: A user may wish to redeem the miles in the form of a statement credit for all travel purchases.
  • Freeze feature: In case of a lost or stolen card, a user can use this feature to freeze the card to avoid unauthorized access.
  • Credit score: Discover® will provide free FICO® credit score to the card user.

3. Discover it® Secured

Best Discover® Credit Cards

If you have a bad credit score, if you are planning on rebuilding your credit, or if you are completely new to credit, the Discover it® Secured is one of the best Discover® credit cards that you can get in the market. One of the features of this credit card is that you need to make a security deposit against which Discover® will provide you the credit card. The card is a type of reward credit card in which you can earn rewards when you spend money using the card. The features and benefits of the card are:

Regular Annual Percentage Rate 24.99% (variable)
Introductory APR for purchases None
Introductory APR for balance transfer 10.99% – valid for 6 months
Balance transfer fee 3% of the total amount transferred
The annual fee on the card $0
Foreign transaction fee None
Required credit Bad credit or limited credit

The card offers a host of interesting benefits for the card users. The benefits include:

  • Credit building: The card will allow the users to build a credit history with 3 different credit bureaus.
  • Refundable security deposit: The card will allow the user to build his or her credit line. However, the user needs to give a deposit to Discover®. The deposit amount ranges between $200 and $2,500. The user also needs to provide the bank information to Discover®.
  • Transition to unsecured credit line: The company will review the card usage history of the user after 8 months, and if history is excellent, the card will be transitioned to the unsecured credit line.
  • Cash back: The user can earn 2% cash back on combined purchases of up to $1,000 every quarter on restaurant and gas station purchases. In addition to that, the user will also get 1% cash back (unlimited) on every other purchase.
  • Cash back matching: Discover® will match all the cash back that the user earns in the first year at the end of the year.
  • Free credit score: The company will provide free FICO® credit score to the user.

Conclusion

The three credit cards listed above are the best Discover® credit cards available today. However, there are other cards from the same company as well. You can always check them out to find out whether they can take care of your needs or not while being beneficial.

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