Discover is both a top 10 credit card issuer and one of the four major card networks in the U.S. In addition to credit cards and payment processing services, Discover offers checking and savings accounts, personal loans, student loans and home loans. Consumers can get a free credit score from Discover, too, even people... show more
Discover® Reviews
The WalletHub rating is comprised of reviews from both WalletHub users and ratings on other reputable websites. The rating was last updated on 11/26/2025.
Discover’s personal loans are some of the best on the market. They’re available nationwide; they offer the potential for low rates; and they don’t charge big fees upfront. Plus, the funding process is relatively quick, with the money available as soon as the next business day after approval.
The best part of Discover personal loans is their low cost. Discover has a 0% origination fee and a $0 prepayment fee. The only major fee they have is a $0 late fee. Discover’s loan APRs range from 7.99% - 24.99%. They’re not the absolute cheapest choice for people with pristine credit, as you can find lenders whose ranges start 1% - 2% lower. But the upper bound of 24.99% is relatively low in a market where APRs can reach up to 36%.
Discover isn’t explicit about what credit score you need to qualify for a personal loan, but the minimum is reportedly around 660. They do, however, provide a minimum income requirement: $25,000. And to be able to apply, you’ll need to have a Social Security number, though you can be either a U.S. citizen or a permanent resident.
Discover Personal Loan Review Highlights:
Discover personal loan rates:7.99% - 24.99%
Origination fee:0%
Late fee:$0
Funding timeline: As soon as the next business day
Loan amounts:$2,500 - $40,000. While that’s a decent range, there are plenty of lenders that offer bigger loans than that.
Payoff periods:36, 48, 60, 72 or 84 months. Many competing lenders don’t offer payment timelines longer than 60 months.
Customer satisfaction: Discover receives an A+ rating from the Better Business Bureau and has an average user rating of 4.0/5 on WalletHub
Pre-qualification: You can pre-qualify for a personal loan on Discover’s website. You can also try out WalletHub’s pre-qualification tool to see what other lenders might pre-qualify you.
Co-signer policy: Unfortunately, you won’t be able to share responsibility for a Discover personal loan with another person.
Discover is a bank that’s known primarily for being one of the four major card networks, alongside Visa, Mastercard and American Express. But their personal loans shouldn’t be overlooked. The 0% origination fee coupled with low rates and high customer satisfaction makes them an excellent choice. Below, you can see how WalletHub rates Discover in our three major categories: Terms, Requirements & Application, and Reviews & Transparency.
Discover Ratings by Category:
Category
Editor’s Rating
Terms
4.6/5
Requirements & Application
3.8/5
Reviews & Transparency
4.5/5
Overall Score
12.9/15
These scores reflect how close a loan offer is to WalletHub’s definition of a 5-star loan. For more information, please read WalletHub’s full methodology.
Product: Discover® Personal Loans
Comment
12
4
Mahbod k @MahbodK
Do you know what excellent credit, no late payments, and lots of money in a savings account gets you at Discover: a closed bank account “due to a business decision”
I received a email saying suspicious activity on my account and to call discover. I called to shockingly find out they closed my account. I asked why and they replied, “all we can tell you is a business decision was made”.
But wait it gets even more crazy, I asked where all my money went? They said, “in 60 to 90 days it will be mailed out to you”. Luckily I have money in another bank, but if I didn’t I would be late on all my bills! I would stay far far away from Discover!!!
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7
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dealyour7 @dealyour7
I been with them for more than 20yrs until this happen i realized that they will rip u off the 1st chance they get. U don't want to deal with discover card because they will try to ruin your credit by charging you for things you didn't buy etc and they don't accept your disputes when you dispute them. U better off without Discover Card. Look I'm a card holder and I stopped using their card when I saw them take my money or allow them to ruin my credit. I had to pay them for things I didn't buy to keep my credit in good standings with other companies. They refuse to go to arbitration.
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4
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Barbara Hibberd @Crazy_Bird
@MahbodK Us too. 20 years as Discover customers and $20K in a savings account and a credit score of a FICO score of 800 got us more than $600 worth of disputed charges reapplied to our account because the some employee with the IQ of a drunken raccoon "reviewed" both transactions and found them "to be valid"
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3
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Mary Elizabeth Flory @3817itsreal
@MahbodK hello well I is to know more
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0
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Discover®
Claire R @clairerice
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1 Star Rating
Verified Customer
For over 20 years, I have received great service from Discover. I have always paid my account on time and have an excellent credit rating. Now, I will be closing my account after Discover charged my account for the same amount of $209, 45 times, when only once was authorized, and blamed the vendor. It took weeks to get most of the charges reversed, but 3 charges, totaling $627, remain. After each of four calls, the account representative assures me the issue is resolved, but the charges are still on my account and are now included in my November statement. I will either have to pay the amount or incur interest while I continue the battle. It is very stressful and disappointing that even speaking to a manager has not resolved the issue.
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Product: Discover® Credit Cards
Comment
0
0
Discover®
Richard @movingvermont
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2 Star Rating
Verified Customer
Secured card, and just about worthless for building credit. However, they do report on-time payments to 3 CBs, and your tradeline takes a tiny bump. Your score may go up 3-7 points over 2 years. However, you'll get your deposit back in 7-8 months if you pay on time and keep the balance below 30%. You'll never get a credit line increase, even if you pay it off in full every month. I went over 60% once while on a trip, and then paid it right off when I returned. No success. When you ask for a credit line increase, they'll bring up past late payments and negative marks from 4-6 years ago, despite their claim of an opportunity for a "fresh start". They'll issue a regular card after 7 years.
Well, I, as a recipient with whom I had been for several years, had been keeping track and had fallen into hardship. I had spoken to customer service support about my issues, asking for help and assistance and what they could do while I sent payment and refrained from using the card to get these payments down. Apparently, they can't work with their clients. I'm very disappointed to discover that they have been applying interest and fees on a recipient's account by going over the limits while I've been making payments. I feel that's just not fair to a recipient who has been paying on time and then gets slapped with this. If they were willing to negotiate or work with the recipients on trying to get the amount owed down, that would be great, but no! So, this rating is a two. It's very disappointing that credit card companies do this. I really appreciate your inconvenience.
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Product: Discover® Credit Cards
Comment
0
0
Discover®
judy george @jstevrn
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5 Star Rating
Verified Customer
Best credit card I have ever used. Monitor credit. Alerts me when payment is due. Automatic increase depending on multiple factors. Customer service representatives are also awesome. Extremely helpful.
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Product: Discover® Credit Cards
Comment
0
0
Discover®
JL Yyman @JLYyman
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1 Star Rating
Dishonest—will not protect consumers! Sides with scammers regardless of consumer proof; customer service spouts dogma and does not listen or look at obvious proof of fraud. Do business with more reputable credit cards!
We received the typical 'you're approved' emails and fliers. I did their 'no impact to your credit score' on their site and got a message that we were approved. Said we just needed to submit our supporting documents and give them account info for cards we wanted to pay off. Then they needed us to link our checking account so they could deposit the left over funds. After alllllll that, they came back 48 hours later and said we were denied, despite the steps we went through saying it was approved and they were paying our cards off and depositing money in our account. Had they said they needed that information to see if we were approved I'd never have given them access to all of our accounts! Good news is it made me realize consolidating would save us money, so I applied at our credit union, approved same day and money deposited immediately. Discover is the first account I paid off and closed. Good riddance!
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Product: Discover® Personal Loans
Comment
0
0
Discover®
stephendcherry @stephendcherry
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1 Star Rating
I've used Discover for a credit card and decided to open a savings/checking account to gain access to Zelle. It was a terrible experience. First off, it took several months to even get access to Zelle. Finally, after getting access, anytime someone sends me money, it's stuck for several days because I can only transfer out $1000 a day. I would expect more from a bank the size of Discover.
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Product: Discover® Checking
Comment
0
0
Discover®
William Walburn @shane7223
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5 Star Rating
Verified Customer
Discover card, what can I say, it's an awesome card! Plus, they have numerous other benefits and a great cashback match. I only wish the balance amount offered for their secured card were higher. I recently learned it's best to keep utilization below 10% when starting out, rather than the traditional 30%, and having just $300 to work with means only using $30 at 10% versus the $90 at 30% traditionally used for optimal results. If it were higher, it would allow for more room, so new users trying to build credit would have more wiggle room to keep it below 10%. Had I been aware of this when applying for the card, I likely would not have applied and instead waited for my scores to improve with my Capital One card alone.
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Product: Discover® Credit Cards
Comment
0
0
Discover®
Victoria Maddox @victoriamaddox2464
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5 Star Rating
Verified Customer
Excellent card to have, accepted everywhere. Having this card improved my credit score. Discover It accepted me when no other credit card would. I will stay loyal to Discover It.
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Product: Discover® Credit Cards
Comment
0
0
Discover®
Soheil Abadifard @abadifardso
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1 Star Rating
Verified Customer
Hard inquiry for nothing. Closed my card after two months without any reason.
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Product: Discover® Credit Cards
Comment
0
0
Discover®
GregoryAPhillips2025 @GregoryAPhillips2025
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1 Star Rating
They don't tell you until after doing a hard inquiry that you must submit copies of your Social Security card among other identification. With identity theft concerns, I'm uncomfortable with that. I canceled my application. The hard inquiry is still on my credit score. I'm very dissatisfied with Discover!
This was my first Discover credit card and is most definitely still one of my top cards (I now have 18 credit cards, two of which are this one and the Discover it Chrome Cash Back CC). I never plan on getting rid of it! I had a Chapter 7 bankruptcy (medical debt) back in 2019, and two years later, Discover started my initial line of credit at $7,000. They then raised it much higher after the first 12-18 months. I've worked very hard to rebuild my credit, and I'm grateful to Discover and other credit card companies for giving me a chance and with high limits. There's no annual fee, but there is cash back, and the 5% cash back match for the first year was nice. Sure, some of the categories I'll never use for the 5% cash back, but it's a great card to have. 🙂
Discover is by far the worst credit card company I've ever dealt with. They attributed a $42.78 Walmart charge to me that Walmart confirmed never occurred. I even made a three-way call with Walmart, Discover, and myself on the line, where Walmart informed Discover directly that there was no transaction—yet Discover is still denying this and refusing to remove the charge. They promised to resolve the issue, waive the fees, and refund my money, but then they reneged on their promise. This is blatant dishonesty and bullying toward their own customer. On top of that, instead of rectifying the error, they added late fees and interest charges, and the balance increased from $42.78 to $120. If you want a card company that stands by you, avoid Discover at all costs.
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Product: Discover® Credit Cards
Comment
0
0
Discover®
robert_552023 @robert_552023
Report Abuse
1 Star Rating
Utter waste of time. Subprime rates with zero room for negotiation. 800+ credit and low DTI, yet received APR offers around 17.99%. I called and spoke to someone, and all they did was repeat what I saw online and received in email. They had no authority or additional knowledge whatsoever. I suspect this service was a lot better before Capital One, given the reviews. But now, I don't recommend.
Get answers to your questions about Discover® below. Editorial and user-generated content is not provided, reviewed or endorsed by any company. Please keep in mind that it is not a financial institution’s responsibility to ensure all posts and questions are answered. In addition, WalletHub independently collected information for some of the cards on this page. Ad Disclosure
You can make a Discover credit card payment online, by phone, through the Discover mobile app, by mail or at a branch. To pay a Discover credit card bill online, log in to your online account and click on “Make a Payment.” Then, choose how much to pay, when to pay it, and where the payment is coming from. Discover does allow cardholders to set up automatic payments, too.
Ways to Make a Discover Credit Card Payment
Online: Log in to your online account and click on “Make a Payment.”
By phone: Call 1-800-347-2683 and enter your card information when prompted, then follow the prompts to make a credit card payment.
Through the mobile app: Log in to your account and select your card, then tap “Payments.”
By mail: Send a check or money order (but not cash) to
PO Box 6103 Carol Stream, IL 60197-6103.
Make sure to send it early enough that it will arrive by the due date. Write your credit card number on the check, too.
At a branch: You can make a payment at any Discover branch during normal business hours.
In conclusion, there are multiple ways to make a Discover payment, so just choose whichever method is easiest for you. The important part is to not miss payments, as that can seriously damage your credit score.
The Discover cash back bonus pays you back a certain percentage of the money you spend as a reward. The Discover cash back bonus can be redeemed at select merchants, for gift cards, charity, or cash. More specifically, there are three types of Discover cashback bonuses:
5% bonus rate: You earn 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 credit cards that offer this deal are the Discover it® Cash Back, the NHL® Discover it®, and the Discover it® Student Cash Back.
To activate a Discover card, use the online activation page or call Discover customer service at (800) 347-2683. Discover card activation requires a Social Security number as well as the card number, expiration date and security code.
You don't need a Discover username and password to activate a Discover card online. But having an account can streamline the process because you won't have to enter extra personal information to verify your identity. Either way, Discover...
The Discover card benefits include no annual fee and no foreign transaction fees on any card, along with 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 Discover it® Cash Back categories for rewards include a broad range of everyday spending, such as restaurants, grocery stores, and wholesale clubs. Cash back categories are the types of purchases that cardholders can earn 5% cash back on, up to $1,500 spent per quarter.
Here are the Discover it Cash Back Categories for 2025
January-March: Restaurants, home improvement stores, and select streaming services
Discover is an online-only bank, so it doesn't have any physical branch locations. They operate entirely through their online and mobile banking platforms. This means you can't visit a Discover branch to conduct transactions in person.
You can see what Discover it® Cash Back designs are available online, either while applying for the card or, if you're already a cardholder, by logging into your account. Options for Discover it Cash Back designs depend on whether you're opening a new account or looking for a replacement card. You'll have a small number of generic designs to choose from when applying for a new account. But once your account is open, you can immediately order a replacement card bearing...
Discover cards are accepted by more than 10.64 million U.S. merchants. Outside the United States, you can use Discover cards in 190+ countries and territories. But there are some noticeable gaps, including Russia, Ukraine, and most countries in Africa. You can check Discover's international-use map to see where, exactly, your Discover credit card will work.
Even in the countries where Discover Card is accepted, you'll still find many merchants that only accept Mastercard and...
It takes 5 to 9 business days to get a new Discover credit card and 3 to 7 days for replacement cards, in most cases.
Discover card applicants can get approved in as little as 60 seconds and, if eligible, could receive a virtual card number to use online or in a digital wallet before the physical card arrives in the mail. Some other credit card issuers also offer fast access to card info....
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* The information about the following cards has been independently collected
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