Discover is a great credit card company because it offers many types of cards without annual fees for people of all credit scores.
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Best Discover credit cards
Discover offers several types of cards based on what you’re looking for. Whether it’s your first credit card or you want a cashback credit card for your business, Discover has great choices. The following are the best Discover credit cards.
Best for cashback: Discover it® Cash Back
The Discover it® Cash Back is not only the best cashback card, but it’s also the best Discover card, overall.
It’s a great credit card because you get 5% cash back at different places without an annual fee. It has categories that rotate every three months, where you can earn cashback at places like the grocery store, restaurants, gas stations, and Amazon.com.
If you buy something that’s not in the category for the 5% cashback reward, you’ll get 1%. The cash that you earn won’t expire, so you can save it and redeem it whenever you’d like.
You can redeem your cash back in the following ways:
- Deposit it into your bank account.
- Use it as a statement credit on your Discover card balance.
- Use it to pay for things on Amazon or PayPal.
Another great reason to get the Discover it® Cash Back Card is the Cashback Match program. This means that Discover will match all the cashback you earn at the end of your first year after you open your card.
Best for travel: Discover it® Miles
With the Discover it® Miles, you’ll earn 1.5 miles for every dollar you spend, and it doesn’t have an annual fee. You can redeem the miles for cash, or as a statement credit towards a travel purchase.
It’s a straight-forward travel credit card, and you’ll earn miles on every purchase you make, unlike other cards that are based on categories.
Like the cashback card, you can double your miles at the end of your first year with Discover Match. They’ll match the number of miles you earned during your first year of having the card.
Best for students: Discover it® Student Chrome
If you’re in college or know someone in college who’s looking to build credit, the Discover it® Student Chrome is the best choice.
You’ll earn 2% cashback at gas stations and restaurants up to $1,000 in combined purchases each quarter. On all other purchases, you’ll earn an unlimited 1% cashback.
Another benefit is the Good Grade Reward, which gives you a $20 statement credit each school year your GPA is 3.0 or higher for up to the next five years.
Best for business owners: Discover it® Business Card
Discover also has a card for business owners. It’s the Discover it® Business Card, which earns 1.5% cash back on every dollar spent, and doesn’t have an annual fee.
You can also add up to 50 free employee cards and earn rewards for all of their purchases. It’s an excellent way to maximize the amount of cashback you earn. Especially because it won’t expire.
Best for building or rebuilding credit: Discover it® Secured Credit Card
If you’re looking to build or rebuild your credit score, the Discover it® Secured Credit Card is a great option. It has a refundable minimum security deposit of $200, and it earns 2% cashback at gas stations and restaurants up to $1,000 every 3 months.
There are two ways to get your security deposit back. The first is to close your account without an outstanding balance, then Discover will refund the money.
The other method is an automatic monthly review that Discover does at 8 months of having the card to see if you’re eligible for an unsecured card.
Frequently asked questions
Which Discover card is the best?
Overall, the Discover it® Cash Back credit card is the best. There’s no annual fee, and you get 5% cashback on everyday purchases, such as at grocery stores, gas stations, restaurants, and Amazon.com.
Where is Discover accepted?
Discover is accepted by 99% of the places that take credit cards in the United States. It’s also accepted in 200 countries and territories. However, it’s not as wide-spread as Visa or Mastercard.
What credit score is needed for a Discover card?
Although the only way to find out if you can get a Discover is to apply. Generally, a credit score of 670 or higher should be sufficient. 670 is the minimum to be considered good credit, according to Equifax.
How do I pay my Discover card bill?
To pay your Discover card bill, you can log in to your online account to make a payment, use online bill payment from your bank, pay through the mobile app, call 1-800-DISCOVER (1-800-347-2683), set up automatic payments, or mail your check to the following address:
Discover Financial Services
P.O. Box 6103
Carol Stream, Illinois 60197-6103
Regardless of your age, credit score, or occupation, Discover has a card that can benefit you. One aspect of Discover that stands out is that the cards don’t have annual fees. For the generous rewards, that’s an excellent feature.
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Featured image courtesy of Discover.
About David Em
David Em is the founder of More Money More Choices, which he launched to help you take control of your finances and build your dream life. Before More Money More Choices, David worked in leadership positions in the finance industry.