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 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|
|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.
Earned cash back can be redeemed at Amazon.com, 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 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.