Great Credit Cards from Discover for Consumers with Excellent Credit


ADVERTISING DISCLOSURE: is an independent, advertising-supported web site. receives compensation from most credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » Research » Reviews » Discover » Discover Cards: Breaking Through Zero APR and Cash Back Rewards Program

Discover Cards: Breaking Through Zero APR and Cash Back Rewards Program

Updated: February 4, 2020

The content is accurate at the time of publication and is subject to change.
Discover it® Cash Back
Discover it® Cash Back Expert Rating:’s experts may evaluate each card presented on to assist you with choosing the right offer. Some of the criteria reviewed include, but not limited to, the following: interest rates, fees, benefits, rewards programs, and customer service. The rating provided next to each offer reflects the experts’ honest opinions, beliefs, and experiences with each product presented on Furthermore, this rating is NOT influenced by any compensation received by any partners listed on

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.

Redeem cash back any amount, any time.

Discover offers two rewarding credit cards to the consumers with average to excellent credit history. These two Discover cards look the same but they are different. Both cards do share majority of the features but their introductory periods are different. The Discover it® Cash Back offers 14 months of 0% interest introductory period on purchases and balance transfers (after that the ongoing APR will be 13.49% - 24.49% Variable), while Discover it® Balance Transfer comes with 18 months of 0% interest introductory period on balance transfers (after that the ongoing APR will be 13.49% - 24.49% Variable) and 6 months of intro APR on purchases (the ongoing APR will be 13.49% - 24.49% Variable). The first card is a good option for shopping lovers and the second is for those who are looking for a balance transfer credit card.

Discover it® Cash Back
0% (14 months) Intro on Purchases
0% (14 months) Intro on Bal. Transfer
Discover it® Balance Transfer
0% (6 months) Intro on Purchases
0% (18 months) Intro on Bal. Transfer


Discover endowed their cards with features that a rare credit card issuer will dare to combine together. But since Discover cards are for people with excellent credit history or close to excellent credit, Discover challenged to mix everything they could. Discover took $0 annual fee, added $0 late fee on first payment, sweetened it with no APR increase, and topped it with $0 overlimit fee.

Credit Level Recommended: Excellent/Good Credit
Ongoing APR: 13.49% - 24.49% Variable
Annual Fee: $0
Balance Transfer Fee: 3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)*

Discover allows earning 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. The categories change four times a year (every quarter) and you will need to sign up each time a new category starts. Every category has a maximum of cash back you can earn. All other purchases will bring you 1% back without limits and expirations. Also, you will get a dollar-for-dollar match of all the cash back you’ve earned at the end of your first year, provided you are a new Discover cardmemeber.

Grocery Stores, Walgreens and CVS
Gas Stations, Uber, Lyft and Wholesale Clubs
Restaurants and PayPal
OCT-DEC '20, and


Earned cash back can be redeemed at, iTunes and many others - just choose to pay with your credit card rewards at checkout - one cash back dollar will be equal to one U.S. dollar. Increase your credit card rewards when you redeem them for gift cards. You will be able to choose between more than 150 top brands gift cards. And if you prefer cold hard cash you can redeem your rewards for cash and get them with a direct deposit to your account or as a statement credit.


Discover gathered all benefits consumers would like to see on their credit card and packed their Discover cards with them.

Cardmembers are protected from identity fraud when they activate free Social Security number alerts. This service will alert Discover cardmembers each time their SSN is used or any new credit cards, car loans or other accounts are opened on their Experian credit report. If your card is lost or stolen, you can Freeze it® to quickly prevent new purchases, cash advances or other transactions.
If you go on a shopping spree and accidentally exceed the card limit, you won’t be charged a penny as there’s no overlimit fee. Those who like shopping abroad, will pay no foreign transaction fees on purchases outside of the U.S. For those who often withdraw cash, Discover allows to get cash at checkout at participating retailers at a standard purchase APR.
The most remarkable and attention worthy service offered by Discover is a Credit Scorecard. This service allows you to view your FICO credit score, the number of credit accounts you have, length of your credit, recent inquiries, revolving utilization, and number of missed payments. Now you will be at the helm of your credit and can avoid surprises. You can make fast actions and correct your credit behavior if you see your score going downward. If your credit score is stable or goes upwards, stick to your current credit management.

Discover cards are as alike as two drops of water but they are aimed for different purposes. One is perfect for balance transfers and another is good for big purchases. The annual fee is removed from both cards. The first late payment won’t drive sky high your introductory APR and you won’t be charged a penalty fee. Always generous cash back rewards from Discover will help you save more on your purchases. And if you need some assistance, a real person will kindly explain you everything any time you want.

Discover it® Cash Back
0% (14 months) Intro on Purchases
0% (14 months) Intro on Bal. Transfer
Discover it® Cash Back
Discover it® Balance Transfer
0% (6 months) Intro on Purchases
0% (18 months) Intro on Bal. Transfer
Discover it® Balance Transfer

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
Add to Favorites:
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.

Other Discover Research:

Related Research:

Starting from Zero: A Guide to Zero-Percent Balance Transfers

Starting from Zero: A Guide to Zero-Percent Balance Transfers

Posted: May 07, 2014

Just after college, when I was a new user of credit cards and trying to pay off some debt I’d managed to accrue with a student credit card, a friend of mine gave me a piece of advice. “Play the balance-transfer game,” he said, going on… Continue reading


Discover it® Student Cash Back

Posted: August 14, 2014

It often appears to be hard for students to find an advantageous credit card offer. But things are not that bad since the Discover it® Student Cash Back credit card has come out. The card comes with a 0% (6 months)… Continue reading

Top 5 Credit Cards in {{SEASON}} {{YEAR}} for Those With Excellent Credit

Top 5 Credit Cards in Winter 2020 for Those With Excellent Credit

Posted: December 19, 2017

Do you have excellent credit? If so, banks are actively looking to win you as a new credit card customer by offering unprecedented deals. Although banks have been more careful about acquiring customers with questionable credit since the… Continue reading

  • Josie Brown

    A really generous offer, awesome card! 5% is amazing compared to other cards. I worked to build my credit up to this point and got this card as soon as I could. Discover never fails me, their customer servise is always helpful and never condescending like in other banks… Way to go, Discover!

  • Steven Hayes

    I built my credit score just to get this card! Discover never left me dissapointed. Any problem or question – just call and everything will be resolved carefully. With this card I really feel myself a valued customer. Not to mention their cash back ofers!

You've successfully subscribed!

Please specify the following:All these fields are optional

Your Credit History
Themes you are interested in:

By providing this information you help us make our news letters more useful and informative. Thank you!