Is Discover a bad card?

Asked by: Prof. Leone Lockman  |  Last update: February 9, 2022
Score: 4.7/5 (70 votes)

Is Discover a bad credit 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.

Is it worth having a Discover Card?

The Discover it® Cash Back features a high cash-back rate in rotating quarterly categories — but you don't get those rewards automatically, activation is required and spending caps apply. Even so, for people who prefer cash back and don't mind putting in a little work, this $0-annual-fee card is well worth it.

Is Discover it a hard card to get?

But we recommend a score of at least 700, which is toward the top of the good range, for the cards that require good credit for approval. So, most Discover cards may be a tough get for the average person, who has a credit score of 680-703. With that being said, it's not just your credit score you should worry about.

Why Discover Card is not accepted everywhere?

Why isn't Discover as widely accepted as Visa or Mastercard? ... There's about one-seventh the number of Discover cards as Visa cards, so merchants may not have as much of an incentive to accept them. Discover sometimes charges merchants more for card acceptance than either Visa or Mastercard.

Why would anyone get a Discover Card?

The best Discover card for you will match your spending habits and allow to you earn the highest cash-back rewards on those purchases. For example, if you spend a lot on gas and dining, you may prefer the Discover It Chrome card which earns 2% cash back on those bonus categories.

How Discover Won Over The U.S. Middle Class

44 related questions found

Is Discover a good company?

Discover recognized in 2021 Investor's Business Daily's Most Trusted Financial Companies List. ... Most notably, Discover was recognized in the overall top 25 most trusted list at #8 for credit cards and #1 in the credit card category line of business.

Is Discover better than Chase?

If you like to plan your spending months in advance, the Discover it Cash Back is the better choice as Discover releases its full cash-back calendar for the year, whereas Chase only announces Chase Freedom's bonus cash-back categories by quarter.

Does everyone accept Discover?

Is Discover Card accepted everywhere? Discover is accepted nationwide by 99% of the places that take credit cards. And internationally, the Discover Global Network offers acceptance in 200 countries and territories, and growing.

Does Amazon accept Discover?

Amazon Pay accepts credit and debit cards. Credit cards currently accepted include Visa, Mastercard, Discover, American Express, Diners Club, and JCB. The store card is available for use with selected merchants.

Is Discover accepted at Target? and Target app

Third-party gift cards from American Express, Discover, Visa and Mastercard. Affirm, Sezzle, and PayPal® Pay in 4. PayPal® is not an accepted payment method for items sold by Target Plus™ Partners.

What major retailers do not accept Discover?

Where Is Discover Card Not Accepted? One of the biggest retailers where Discover cards are not accepted is Costco, a wholesale warehouse club. Costco has an exclusive partnership with Visa to only accept Visa credit cards in exchange for a lower merchant fee rate.

What is the credit limit on a Discover Card?

You are guaranteed a credit limit of at least $500 on each Discover it Student card. Some people report getting starting limits as high as $3,000. The Discover student credit card limit is high compared to some cards from other issuers.

What credit cards can you get with a 670 score?

The best credit cards for a 670 credit score are Capital One Platinum, Petal 2 Visa Card, and Capital One QuicksilverOne. Capital One Platinum is a credit card for people with limited credit, so fair credit should qualify you for this card.

Is 3 credit cards too many?

It depends on how well you can manage 1 credit card, then 2, and so on. So while 3 credit cards could be too many for one person, someone else might be able to comfortably manage 6. The average adult has 4 credit cards, according to a 2020 Experian report.

Is Discover a major credit card?

Major credit cards are any cards that belong to one of the big four credit card networks: Visa, Mastercard, American Express and Discover. That's what stores mean by “we accept all major credit cards.” A major credit card will almost always show the logo of its network on the front.

Is 7 credit cards too many?

As with almost every question about credit reports and credit scores, the answer depends on your unique credit history and the scoring system your lender is using. "Too many" credit cards for someone else might not be too many for you. There is no specific number of credit cards considered right for all consumers.

Is Discover accepted at Walmart?

As to practical, everyday usefulness, Discover cites credit card industry analyst The Nilson Report to claim its cards are "accepted nationwide by at least 97% of the merchants that take credit cards." That's very high market penetration and, indeed, major national retailers such as Walmart and Target accept Discover ...

What is the most popular payment method online?

Most used payment methods for e-commerce worldwide 2019, by region. According to a January 2019 survey, 82 percent of responding online shoppers in the Americas cited credit or debit cards as their preferred payment method when making online purchases.

Does Home Depot accept Discover card?

We can accept VISA, MasterCard, American Express, Discover and PayPal. Neither The Home Depot Consumer Credit Card nor The Home Depot Commercial Revolving Charge Card can be accepted as payment for an eGift Card purchase because this site is operated by The Home Depot's third-party partner, CashStar.

What is the most accepted credit card in the world?

Mastercard credit cards are accepted at 37 million merchant locations in more than 210 countries and territories. Mastercard is accepted in more countries than Visa, yet roughly 7 million more merchants worldwide take Visa. Both have a claim to the title of most widely accepted credit card as a result.

Does anyone not take Discover?

Myth: Most merchants don't accept Discover.

Reality: According to a February 2021 Nilson report, 99 percent of U.S. merchants that take credit cards accept Discover credit cards.

Is Discover bank safe?

Your deposits with Discover Bank is safe and protected by FDIC insurance (FDIC #5649). FDIC insures your deposits up to $250,000. Discover uses state-of-the-art encryption to protect your transactions and data.

Is Discover owned by Chase?

Discover Financial Services, Inc., a business unit of Morgan Stanley (NYSE:MWD), operates the Discover Card brands and the Discover Business Services network for its more than 50 million Cardmembers. ...

Which is better Chase Freedom or Discover?

The Chase Freedom Flex℠ is best for those who want to earn an easy sign-up bonus and to lock in consistent, long-term value. Meanwhile, the Discover it® Cash Back is better for those who can maximize their spending in the first year and take advantage of Discover's exclusive cashback match program.

Is discovery better than Capital One?

The big difference is in the initial bonus. Discover matches all cash back you've earned at the end of your first year, and Capital One nets you a one-time bonus of 50,000 miles when you spend $1,000 in your first three months. That's worth $500 in travel rewards. Both cards' miles are worth 1 cent each.