The Discover card benefits include no annual fee and no foreign transaction fees on any card, along with security features such as SSN alerts and the ability to freeze your account on demand. Discover will also match all the rewards you earn in your first year. Plus, there’s a “Cash at Checkout” feature that allows cardholders to withdraw cash when making a purchase with a Discover card at specific retailers. Withdrawals are limited to $120 every 24 hours. They are charged at the card’s regular purchase APR, rather than the higher cash advance APR. All of these perks come standard on all Discover cards. It’s important to note that Discover discontinued several key benefits in 2018. Travel insurance and auto rental coverage are no longer available as of February 28, 2018. Purchase protection, extended warranties, and return guarantee protection were also dropped at that time. The price protection benefit was cut on October 31, 2018. Purchases and claims posted before the expiration dates still received coverage. Discover will continue to provide free security benefits on all cards. They include 24/7 account monitoring, alerts that notify cardholders if their personal information has been compromised, and a “Freeze it” account feature. “Freeze it” allows cardholders to temporarily prevent any new purchases, cash advances or balance transfers if their card is lost or stolen.
Discover is a good credit card company because there are Discover cards for people of all credit levels, and all of them have $0 annual fees and $0 foreign transaction fees. Plus, Discover cards all reward cardholders with at least 1% back on purchases and will match new cardholders’ earnings from the first year as an anniversary present. Most Discover cards also offer 0% introductory APRs on purchases and balance transfers (with a standard variable rate applying after that).… read full answer
Discover cards are known for their 100 percent U.S-based customer service, and Discover has very few customer complaints with the Consumer Financial Protection Bureau. There are also user-friendly features such as “Freeze it,” which allows cardholders to temporarily turn off their card to prevent any unauthorized transactions. And Discover provides free monitoring to make sure customers’ Social Security numbers don’t show up on risky websites.
Reasons Discover is a Good Credit Card Company:
Discover has cards for people of all credit levels, from bad to excellent.
Discover cards do not charge annual fees or foreign transaction fees.
All Discover cards match your first year’s rewards.
Discover has highly regarded customer service.
Different Discover cards are good for different people, though. Discover has offers for cash back, travel, bad credit, students and more. One of the best options is Discover it® Cash Back. It offers 5% cash back on up to $1,500 spent per quarter in bonus categories (which change every quarter and require activation), and 1% back on all other purchases.
While all Discover cards are pretty good, there are some downsides. In 2018, Discover cut several key benefits from all of its cards. Those include travel accident insurance, purchase protection, extended warranties and return protection. And as far as global acceptance goes, you can use Discover cards at merchants in 190+ countries and territories. That’s third behind Mastercard and Visa. Both are accepted in more than 200 countries and territories.
But overall, Discover credit cards combine some innovative perks and attractive rewards into a single package. And since they don’t charge annual fees or foreign transaction fees, the cards’ rewards go right to you. Those are just a few reasons why Discover cards are good credit cards in general.
Discover cards are accepted by more than 10.4 million U.S. merchants. Outside the United States, you can use Discover cards in 185 countries and territories. But there are some noticeable gaps, including Saudi Arabia, Ukraine and Taiwan. You can check Discover’s international-use map to see where, exactly, your Discover credit card will work.… read full answer
Even in the countries where Discover Card is accepted, you’ll still find many merchants that only accept Mastercard and Visa. That’s a big reason why Discover ranks 7th out of the 10 largest credit card companies in WalletHub’s International Travel Credit Card Report.
Here are the regions where Discover is not accepted:
Caribbean: Cuba, Haiti
South America: Guyana, Suriname, French Guiana, Bolivia, Chile
Europe: Ukraine, Lithuania, Latvia, Estonia, Albania, Montenegro, Serbia, Belarus, Moldova
Asia: Myanmar, Nepal, Bhutan, Bangladesh, Taiwan, North Korea
Oceania: New Caledonia, Vanatu, Solomon Islands, Timor-Leste, Brunei
Africa: All but 7 countries
Middle East: Almost all countries
The truth is, Discover cards really can’t compare to Visa and Mastercard credit cards in terms of international acceptance. You can use a Visa or Mastercard virtually anywhere on Earth that accepts credit cards. But there are plenty of countries where Discover cards won’t work, which means you’d either need to bring a lot of cash or a different credit card.
I love their Year-End Summaries. Very Useful for my business. Then the cashback my discover it offers.
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. This question was posted by WalletHub.
Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.