Overview of the Best Discover Credit Cards
Discover cards might not have the largest product catalog available, but that doesn’t mean they don’t deliver for their customers. Discover offers everything from cash back cards, to travel reward cards, to cards for students and anyone rebuilding their credit. No matter where your individual situation might fall, there is a card for you. Discover cardholders love the reward opportunities they have with their cards, but they also enjoy the low rates and excellent customer service that are provided. Before you make a choice on your next Discover card, take a look at the ranking that we have put together. See More
Best Discover Credit Card for Cash Back
Discover it® Balance Transfer
Benefits
The competition for cash back credit cards has become stiff the past couple of years. But there is one card that is still ahead of the pack. That card is Discover it® Balance Transfer card. When you have this card in your wallet you will be able to earn 5% or more back on the purchases that you make every day.
Each quarter Discover will assign different categories to earn 5% cash back on up to $1,500. One quarter it might be grocery stores and department stores, while the next quarter might be public transportation and wholesale clubs. Any purchases that falls outside of the bonus categories will receive 1% back.
As a little added bonus, Discover is matching all the cash back that you earn for the first 12 months. That means when you earn 5%, you are actually going to receive 10% back on those purchases.
Things to Consider
It might be pretty attractive that you can earn double cash back on all purchases for the first year, but there is one downside. You will need to wait to receive your bonus. After the 12-month period is over, Discover will calculate the total cash back earned and then issue your bonus cash back at that point.
Something else to consider, is that each quarter you will need to opt into each of the bonus categories. If you don’t, you will only earn the standard 1% back.
Verdict
Compared to most other cash back credit cards available, Discover it® Balance Transfer is one of the best available. Not only can you earn up to 10% back the first year, but there is no annual fee.
- Earn up to 5% cash back on rotating categories each quarter
- Cash back earnings will be doubled the first year
- Introductory 0% APR on purchases for 6 months and balance transfers for 18 months
- No annual fee
- There is no sign-up bonus for new cardholders
- Discover is accepted at fewer retailers
- Cardholders must opt into 5% cash back categories each quarter
More Details
- Intro Offer: Discover will match all the cash back you’ve earned at the end of your first year, automatically. There’s no signing up. And no limit to how much is matched.
- Earn 5% cash back on everyday purchases at different places each quarter like grocery stores, restaurants, gas stations, select rideshares and online shopping, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases – automatically.
- Redeem cash back any amount, any time. Rewards never expire.
- 100% U.S. based customer service.
- Get your free Credit Scorecard with your FICO® Credit Score, number of recent inquiries and more.
- Get an alert if we find your Social Security number on any of thousands of Dark Web sites.* Activate for free.
- No annual fee.
Annual Fee
$0Purchase Intro APR
0% for 6 MonthsBalance Transfer Intro APR
0% for 18 MonthsRegular APR
13.49% - 24.49% VariableBenefits
The competition for cash back credit cards has become stiff the past couple of years. But there is one card that is still ahead of the pack. That card is Discover it® Balance Transfer card. When you have this card in your wallet you will be able to earn 5% or more back on the purchases that you make every day.
Each quarter Discover will assign different categories to earn 5% cash back on up to $1,500. One quarter it might be grocery stores and department stores, while the next quarter might be public transportation and wholesale clubs. Any purchases that falls outside of the bonus categories will receive 1% back.
As a little added bonus, Discover is matching all the cash back that you earn for the first 12 months. That means when you earn 5%, you are actually going to receive 10% back on those purchases.
Things to Consider
It might be pretty attractive that you can earn double cash back on all purchases for the first year, but there is one downside. You will need to wait to receive your bonus. After the 12-month period is over, Discover will calculate the total cash back earned and then issue your bonus cash back at that point.
Something else to consider, is that each quarter you will need to opt into each of the bonus categories. If you don’t, you will only earn the standard 1% back.
Verdict
Compared to most other cash back credit cards available, Discover it® Balance Transfer is one of the best available. Not only can you earn up to 10% back the first year, but there is no annual fee.
Best Discover Credit Card for Travel
Discover it® Miles
Benefits
If you are looking for a credit card with a high sign-up bonus, then you won’t find it with Discover it® Miles. Instead you will find something that no other travel credit card offers. It’s the chance to have your miles doubled the first year. You will receive 1.5x miles on every purchase, and then Discover will match your earnings for the first 12 months. Not a bad perk for a card that has no annual fee.
Have a large purchase that you need to make right away? You will receive an introductory 0% APR for the first 14 months on purchases. If you need to transfer a balance the APR is 10.99% for the first 14 months. After the introductory period, the APR on both purchases and balance transfers will change to 13.49% - 24.49% Variable.
When compared to some of the premium travel cards, Discover it® Miles card doesn’t have nearly as many benefits for travelers.
Things to Consider
When it comes time to redeem your rewards, every 100 miles is worth $1. They can be redeemed for either cash back or a statement credit on travel expenses. For many, this can be beneficial because of its simplicity. However, cards that give you the opportunity to transfer rewards to different loyalty programs can offer more value.
Verdict
If you are looking to a travel card that doesn’t have an annual fee and gives you a simple way to earn rewards, then Discover it® Miles card is a great option.
- Earn 1.5x miles on all purchases
- Introductory 0% APR on purchases for 14 months
- No annual fee
- No ability to earn a sign-up bonus
- No chance to earn bonus rewards on select categories
More Details
- Unlimited Bonus: Discover will match all the Miles you've earned at the end of your first year, automatically. For example, if you earn 35,000 Miles, you get 70,000 Miles. That’s $700 towards travel! The more you earn, the more you get.
- Earn unlimited 1.5x Miles for every dollar spent on all purchases all with no annual fee.
- No Blackout Dates. Simply pay for travel purchases like airlines, hotels, rental cars, and more with your Discover it® Miles card.
- Miles Pay You Back. Easily redeem Miles as a statement credit for travel purchases. Or get cash.
- Freeze your account in seconds with an on/off switch either on the mobile app or website to prevent new purchases, cash advances, and balance transfers.
- Get your free Credit Scorecard with your FICO® Credit Score, number of recent inquiries and more.
- Get an alert if we find your Social Security number on any of thousands of Dark Web sites.* Activate for free.
Annual Fee
$0Purchase Intro APR
0% for 14 MonthsBalance Transfer Intro APR
10.99% for 14 MonthsRegular APR
13.49% - 24.49% VariableBenefits
If you are looking for a credit card with a high sign-up bonus, then you won’t find it with Discover it® Miles. Instead you will find something that no other travel credit card offers. It’s the chance to have your miles doubled the first year. You will receive 1.5x miles on every purchase, and then Discover will match your earnings for the first 12 months. Not a bad perk for a card that has no annual fee.
Have a large purchase that you need to make right away? You will receive an introductory 0% APR for the first 14 months on purchases. If you need to transfer a balance the APR is 10.99% for the first 14 months. After the introductory period, the APR on both purchases and balance transfers will change to 13.49% - 24.49% Variable.
When compared to some of the premium travel cards, Discover it® Miles card doesn’t have nearly as many benefits for travelers.
Things to Consider
When it comes time to redeem your rewards, every 100 miles is worth $1. They can be redeemed for either cash back or a statement credit on travel expenses. For many, this can be beneficial because of its simplicity. However, cards that give you the opportunity to transfer rewards to different loyalty programs can offer more value.
Verdict
If you are looking to a travel card that doesn’t have an annual fee and gives you a simple way to earn rewards, then Discover it® Miles card is a great option.
Best Discover Credit Card for Students
Discover it® Student Cash Back
Benefits
College is the time that most young adults start building their credit. The easiest way to do that is by using a student credit card. One of the best options is Discover it® Student Cash Back. With this card you will receive 5% cash back on rotating categories each quarter, up to $1,500. It might be grocery stores or it could be at gas stations. All other purchases will receive 1% back.
As a little added bonus, Discover will match all cash back that you earn during the first 12 months. If you earn $200, then you will actually receive $400. Another nice feature for students is that you will be rewarded for your good grades. Each year, over the next five years, that you earn a 3.0 or higher GPA, you will receive a $20 statement credit.
Things to Consider
With this card there is an introductory 0% APR for the first 6 months on purchases. Once the introductory period is over, the APR will change to 12.99% - 21.99% Variable. This would be useful if you are expecting a large, upcoming expense. Just make sure everything is paid off at the end of 6 months so you avoid finance charges.
Verdict
If you are heading off to college and looking for your first credit card, Discover it® Student Cash Back is an excellent choice. Not many other student credit cards will give you the opportunity to earn this much cash back and also come with no annual fee.
- Earn up to 5% cash back on rotating categories each quarter
- Discover will match all cash back earned during the first 12 months.
- Introductory 0% APR on purchases for 6 months
- Earn $20 statement credit each year with a 3.0 or higher GPA (for up to 5 years)
- No annual fee
- No sign-up bonus
- Bonus cash back limited to $1,500 per quarter
- Cardholders must opt into bonus categories each quarter
More Details
- Intro Offer: Discover will match all the cash back you’ve earned at the end of your first year, automatically. There’s no signing up. And no limit to how much is matched.
- Earn 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, gas stations and when you pay using PayPal, up to the quarterly maximum, when you activate. Plus, earn unlimited 1% cash back on all other purchases - automatically.
- Good Grades Rewards: $20 statement credit each school year your GPA is 3.0 or higher for up to the next 5 years.
- No annual fee. No late fee on first late payment. No APR change for paying late.
- Get your free Credit Scorecard with your FICO® Credit Score, number of recent inquiries and more.
- Freeze It® on/off switch for your account that prevents new purchases, cash advances & balance transfers in seconds.
- Get an alert if we find your Social Security number on any of thousands of Dark Web sites.* Activate for free.
- 0% intro APR on purchases for 6 months, then the standard variable purchase APR of 12.99% - 21.99%.
Annual Fee
$0Purchase Intro APR
0% for 6 MonthsBalance Transfer Intro APR
10.99% for 6 MonthsRegular APR
12.99% - 21.99% VariableBenefits
College is the time that most young adults start building their credit. The easiest way to do that is by using a student credit card. One of the best options is Discover it® Student Cash Back. With this card you will receive 5% cash back on rotating categories each quarter, up to $1,500. It might be grocery stores or it could be at gas stations. All other purchases will receive 1% back.
As a little added bonus, Discover will match all cash back that you earn during the first 12 months. If you earn $200, then you will actually receive $400. Another nice feature for students is that you will be rewarded for your good grades. Each year, over the next five years, that you earn a 3.0 or higher GPA, you will receive a $20 statement credit.
Things to Consider
With this card there is an introductory 0% APR for the first 6 months on purchases. Once the introductory period is over, the APR will change to 12.99% - 21.99% Variable. This would be useful if you are expecting a large, upcoming expense. Just make sure everything is paid off at the end of 6 months so you avoid finance charges.
Verdict
If you are heading off to college and looking for your first credit card, Discover it® Student Cash Back is an excellent choice. Not many other student credit cards will give you the opportunity to earn this much cash back and also come with no annual fee.
Best Discover Credit Card for Poor Credit
Discover it® Secured
Benefits
Most secured credit cards have one purpose and that’s to help build credit. They typically don’t come with many perks, including the ability to earn rewards. Discover it® Secured is different though.
With this card you will have the ability to earn 2% cash back on gas and at restaurants, up to $1,000 combined per quarter. All other purchases, will earn 1% back. Plus, for the first year Discover will match all cash back that you earn. That means if you earn $100, you will receive a total of $200 after the Discover Cashback Match™.
Like many other secured cards, you will need to make a deposit upon approval. This will act as your credit limit. There is a minimum deposit of $200 required. As you continue to make payments on time and improve your credit, you will be able to move into a different Discover card and receive your deposit back.
Things to Consider
Discover it® Secured comes with no annual fee, but it does have a very high APR of 22.99% Variable on purchases. It’s critical that you do your best to pay your balance in full each month. If not, your purchases will end up costing a lot more after finance charges are included.
Verdict
If you have less than ideal credit and are looking for a credit card to help build your credit score, Discover it® Secured is a great option. Not only does it have no annual fee, but it gives you the ability to earn cash back on purchases.
- Earn 2% cash back on gas station and restaurant purchases, 1% on everything else
- Discover will match all cash back earned the first year
- Late fees will be waived on first late payment
- No annual fee
- High 22.99% Variable APR
- Requires at least a $200 security deposit
More Details
- No Annual Fee, earn cash back, and build your credit with responsible use.
- It’s a real credit card. You can build a credit history with the three major credit bureaus. Generally, debit and prepaid cards can’t help you build a credit history.
- Establish your credit line by providing a refundable security deposit of at least $200 after being approved. Bank information must be provided when submitting your deposit.
- Automatic reviews starting at 8 months to see if we can transition you to an unsecured line of credit and return your deposit.
- 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter, automatically. Plus, earn unlimited 1% cash back on all other purchases.
- Get 100% U.S. based customer service & get your free Credit Scorecard with your FICO® Credit Score
- Intro Offer: We automatically match all the cash back you’ve earned at the end of your first year.
- Get an alert if we find your Social Security number on any of thousands of Dark Web sites.* Activate for free.
Annual Fee
$0Purchase Intro APR
N/ABalance Transfer Intro APR
10.99% for 6 MonthsRegular APR
22.99% VariableBenefits
Most secured credit cards have one purpose and that’s to help build credit. They typically don’t come with many perks, including the ability to earn rewards. Discover it® Secured is different though.
With this card you will have the ability to earn 2% cash back on gas and at restaurants, up to $1,000 combined per quarter. All other purchases, will earn 1% back. Plus, for the first year Discover will match all cash back that you earn. That means if you earn $100, you will receive a total of $200 after the Discover Cashback Match™.
Like many other secured cards, you will need to make a deposit upon approval. This will act as your credit limit. There is a minimum deposit of $200 required. As you continue to make payments on time and improve your credit, you will be able to move into a different Discover card and receive your deposit back.
Things to Consider
Discover it® Secured comes with no annual fee, but it does have a very high APR of 22.99% Variable on purchases. It’s critical that you do your best to pay your balance in full each month. If not, your purchases will end up costing a lot more after finance charges are included.
Verdict
If you have less than ideal credit and are looking for a credit card to help build your credit score, Discover it® Secured is a great option. Not only does it have no annual fee, but it gives you the ability to earn cash back on purchases.
Methodology SmartAsset has developed a quantitative and independent system for evaluating the relative value of a credit card offer versus other offers in the marketplace. Our system evaluates cards based exclusively on their features, such as their rewards earning rate (if applicable), fees, perks, and rewards program redemption options. The annual rewards values on this page are calculated using annual spending assumptions in various categories such as, but not limited to, gas, restaurants, airfare, and US supermarkets. These spending assumptions are built on research that SmartAsset has conducted on existing cash back credit cardholders. Our promise with our credit card recommendations is that we will always strive to have the most comprehensive, accurate, and objective method of evaluating credit card offers. Any recommendations are solely determined by the result of this research and model, and is never influenced by any fees, commissions, or other forms of compensation that SmartAsset may receive from credit card issuers for leads generated on our website.