Maria Adams, Credit Cards Moderator
@m_adams
Discover is a good credit card company, ranking third-best in customer satisfaction and offering cards with $0 annual and foreign transaction fees. Plus, Discover rewards users with at least 1% cash back on purchases and will match new cardholders' earnings from their first year as a special anniversary gift. Most Discover cards also offer 0% introductory APRs on purchases and balance transfers (with a standard variable rate applying after that).
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.
Discover cards are known for their 100% 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.
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 in combined category spending per quarter in rotating bonus categories (which change every quarter and require activation), and 1% back on all other purchases.
The Discover it® Student Cash Back and Discover it® Student Chrome are attractive choices, too. Both cards offer students better ongoing cash back rates than the average credit card offers. And applicants with bad credit can get 1 - 2% cash back on purchases with the Discover it® Secured Credit Card. Specifically, the card offers 2% cash back at gas stations and restaurants (up to $1,000 spent each quarter combined), 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 200+ 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.
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People also ask
What's the minimum credit score needed for Discover cards?
The minimum credit score needed to get most Discover credit cards is 700 or above. There are a few Discover cards for which there’s no minimum credit score requirement, such as the Discover it® Secured Credit Card which you might be able to get with a below-average credit score (below 640).
Minimum Credit Score Needed for Each Discover Card
- Discover it® Secured Credit Card: No minimum score, applicants with bad credit are eligible for approval (below 640).
- Discover it® Student Cash Back: Available to applicants...
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Which bank has the best credit cards?
The banks with the best credit cards are Capital One, Citibank, Bank of America and Discover. These top-10 credit card companies all have good credit card offers for people across the creditworthiness spectrum, and most major banks offer at least one credit card that would be best for someone.
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