» Discover It Card Review

Discover It Card Gets High Marks

Discover It Card

The new Discover It Credit Card has just been released, and with it comes a wide range of benefits that few other credit cards in the same consumer category are able to beat. In-fact, it has so many unique features and benefits it would be of no surprise if competing credit card providers decide to give their customers a whole lot more in the future. Let’s take at what this card has to offer.

Transfer Offers and Purchase Incentives

The Discover It Credit Card offers both an introductory rate on balance transfers and purchases (0% for 14 months), and a cash back program to reward you for your purchases. Few other credit cards offer such long introductory rates with a rewards program on top, but this card provides all with no annual fee, making it great for those who need to transfer a balance or to make a big purchase.

You get 1% unlimited cash-back on all purchases and 5% cash-back for purchases made in specific categories that change during the course of the year.  The 5% cash-back scheme might be a little complicated for some, but Discover can help you make the right cash-back choices and get the most out of the program with a 1-on-1 service available online.

Credit Card Review

Discover It Credit Card Service Benefits

The purchase and balance transfer incentives are very good, but there are still many little extras which help to ensure a positive credit card experience and less stress and hassle than other credit cards might cause. This includes no foreign transaction fees and no over-limit fees, no penalty APR for missing a payment, and no late payment fee for your first late payment.

You also get to choose a payment due date on a date that is convenient for you. On the day your payment is due, you have until midnight (ET) to pay your bill over the phone or online. Support is offered by Discover if you lost your job and get into financial difficulty – they are able to lower your rate and your minimum payments.

Discover It Card Features

The Discover It Credit Card might not quite offer the same breadth of features as for example Gold or Platinum Visa, but you still get travel accident insurance and car rental insurance up to $500,000, and $0 fraud liability protection to keep you safe from fraudulent purchases.

Terms and Conditions

The standard APR for purchases and balance transfers is from 10.99% to 22.99%, putting this card within reach of people with good, very good and excellent credit ratings. Cash advance Fee is 24.99%. The grace period for avoiding interest on purchases is 25 days after the close of the previous billing cycle. The minimum interest charge is $0.50. Balance transfer fees are 3% of the amount transferred, and cash advance fees are the greater of $10 or 5% of the amount transferred. Late payment fees and returned payment fees are up to $35. See the complete terms and conditions here.