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.
The Discover it® Cash Back Credit Card may be a great choice for a first credit card because it offers benefits like 5% cash back on purchases in categories that rotate every quarter up to the quarterly maximum when you activate, 1% automatic cash back on other purchases, and an automatic dollar-for-dollar match on all ...
Discover allows you to redeem any amount you want, any time you want. Cash – You can elect to have your cash-back deposited into your bank account or applied as a statement credit. Amazon – When checking out on Amazon.com, you can pay with your Discover rewards.
Paying the security deposit on a secured card might not appeal to everyone at first, but the Discover it® Secured Credit Card could be one of your best options for building or rebuilding your credit. It reports to the three major consumer credit bureaus and offers plenty of useful features, all with no annual fee.
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).
The highest credit limit on a Discover card is not public knowledge, as Discover does not disclose a maximum credit limit for any of its unsecured credit cards. Some Discover cardholders have reportedly been approved for credit limits ranging from $6,500 up to $9,200. These are unconfirmed reports, however.
One major national chain outlet that doesn't accept Discover at any outlets is Costco, which only honors one credit card brand at its members-only warehouse stores, tire centers and gas stations.
Discover is now also at 99% acceptance among U.S. merchants that take credit cards. That's according to the February 2020 Nilson Report industry newsletter.
A Discover minimum payment will never be more than your full balance. And you'll only be required to pay your full balance if it's $35 or less. But it's best to try to pay your balance in full each billing cycle.
Discover is accepted at 99% of places in the U.S. that take credit cards1. That includes millions of merchants nationwide like grocery stores, gas stations, big retailers, home improvement centers, online favorites, amazing restaurants, major utilities, digital wallets and much, much more.
The big difference is in the initial bonus. Discover it Miles matches all miles you've earned at the end of your first year, and Capital One Venture nets you a one-time bonus of 75,000 miles for spending $4,000 in the first 3 months.
Global acceptance winner: Visa
In comparison to Visa, Discover cards are accepted at more than 48 million locations. The reality is that there are more destinations worldwide where Discover cards aren't accepted, whereas you'll almost always be able to use a Visa in places where credit cards are accepted.
If you're choosing between American Express and Discover, there are a few factors to consider. You'll want to look at welcome offers, rewards and secondary benefits. Overall, American Express is better for travel cards, while Discover is better for cashback cards.
But getting denied doesn't directly hurt your credit scores. Instead, applying may lower your credit scores—usually by just a few points, according to credit-scoring company FICO®—because applying for a credit card will trigger a hard inquiry.
In 2013, Discover discontinued those cards and launched its line of “it” cards. You are not able to apply for the old Discover cards — the only cards available on Discover's website are the new “it” cards, which offer better rewards and features. As a bank and issuer, Discover is the sole provider of Discover cards.
Myth: Most merchants don't accept Discover.
Reality: According to a February 2022 Nilson report, 99 percent of U.S. merchants that take credit cards accept Discover credit cards.
You can register Visa, MasterCard, American Express and Discover. Payment cards registered must be issued by a U.S. bank. If you have an iOS device, and your card is registered to your Apple Wallet, Apple Pay will automatically display as a payment option within the McDonald's app.
Yes! To get cash at an ATM, all you need is your Discover Card and your PIN.
Amazon Pay accepts credit and debit cards. Credit cards currently accepted include Visa, Mastercard, Discover, American Express, Diners Club, and JCB. The Amazon.com store card is available for use with selected merchants. In some circumstances, you might be limited to using Visa and Mastercard credit cards.
Discover credit cards are accepted as a payment method at Walmart. However, the fact that all Discover cards are Walmart Pay-compatible is closest you'll get to a Walmart offer for Discover cardholders.
About Discover Financial Services, Inc. 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.
According to Weiss, one of the most recommended cards for high-net-worth individuals is The Platinum Card® from American Express . While this card comes with a wide range of perks that make it seem too good to be true, it also comes with an annual fee of $695 (See Rates), which is higher than most other credit cards.
If you have good credit, you should have high odds of getting approved for a credit limit around $5,000. With excellent credit, you may get a limit of more than $10,000. A high credit limit is good because using up most or all of your credit card's limit is bad for your credit standing.
If you've avoided credit cards until now, a $500 limit (or something similar) is the perfect way to get your feet wet. Restricting yourself to a lower limit can be a great, low-pressure way to get started with credit cards.