» Discover Card Review

Discover It Card

Discover has recently replaced its line of credit cards with the Discover It cards. With the new Discover Cards you can capitalize on a big number of rewards and lengthy introductory rates, as well as enjoy a number of attractive features exclusive to Discover. This is arguably one of the best mid-range credit cards available in the US today, so make sure you read through this guide to see what it has to offer.

The Benefits

The benefits on offer with the Discover Card make it a great choice for anyone who needs a new card for a big purchase, to transfer a balance or simply to spend and receive cash-back and plenty of cash-back bonuses and rebates – all without paying an annual fee.

In terms of introductory rates, you get 0% on purchases and balance transfers for 14 months. This means you pay no interest on any purchases you make for 14 months, nor interest on any balance you transfer within the balance transfer window.

The Discover Cash Rewards program provides you with 5% cash-back for expenditures in specific purchase categories that change throughout the year. This ‘cashback calendar’ includes moves and restaurants from January to March, typical spring purchases from April to June, gasoline during from July to September, and retail spending from October to December. There are limitations, but if you do go over the limit, you will still receive up to 1% cash-back. You get even higher rates of cash-back (up to 20%) if you shop at the Discover online shopping mall, which has over 200 online retailers. To apply for the Discover It card, Click Here now.

You also get extra Cashback Bonuses for all of your purchases, which you get in the form of a direct deposit, and double bonuses are available if you redeem at selected retailers. If you pay your bills with your Discover Card, you get even more cash-back.

With long expiry dates for the cash-back rewards you build, there is no need to worry about redeeming them quickly – further information can be found by following this link.

Discover Card Features

The Discover Card comes with a number of features to keep you safe and to help you when you travel or take out a rental. The card offers up to $500,000 in travel accident insurance, car rental insurance and travel security and assistance services. You also get complete purchase protection with a $0 Fraud Liability Guarantee, which means you don’t pay anything in the event of fraud.

Discover Card Terms and Conditions

After the introductory period finishes, the APR for purchases and balance transfers is between 10.99% and 20.99%, depending on your credit history. The cash advance APR is 24.99%. These rates mean you will need at least a good credit score to apply. Penalty rates are reasonable, ranging from 15.99% to 25.99%. Late payment fees and returned payment fees are up to $35. There are no foreign transaction fees, balance transfer fees are 3% of the transferred amount and cash advance fees are 5% of the transferred amount (or a minimum of $10). You can see the full disclosures by following this link.