The Discover it® Cash Back features a high cash-back rate in rotating quarterly categories — but you don't get those rewards automatically, activation is required and spending caps apply. Even so, for people who prefer cash back and don't mind putting in a little work, this
$0-annual-fee card is well worth it
.
Is the Discover card a good card to have?
Discover is
a good credit card company
because there are Discover cards for people of all credit levels, and all of them have $0 annual fees and $0 foreign transaction fees. … Most Discover cards also offer 0% introductory APRs on purchases and balance transfers (with a standard variable rate applying after that).
Why is Discover card not accepted?
Why isn't Discover as widely accepted as Visa or Mastercard? … There's about one-seventh the number of Discover cards as Visa cards, so
merchants may not have as much of an incentive to accept them
. Discover sometimes charges merchants more for card acceptance than either Visa or Mastercard.
What is the benefit of having a Discover card?
All Discover credit cards
earn cash back rewards
and Discover card rewards have no minimum rewards balance needed to redeem. Discover cardholders get a free Credit Scorecard with their FICO® Score and other important credit information. Scores are updated monthly.
What are the pros and cons of Discover card?
| Pros Cons | Good for people who want to earn high cash back for everyday purchases No annual fee No foreign transaction fee User-friendly online banking system No travel rewards Penalty APR if you carry a balance month-to-month 5% cash back is limited every quarter |
|---|
What places do not accept Discover?
Where Is Discover Card Not Accepted? One of the biggest retailers where Discover cards are not accepted is
Costco
, a wholesale warehouse club. Costco has an exclusive partnership with Visa to only accept Visa credit cards in exchange for a lower merchant fee rate.
Does Amazon accept Discover?
Amazon Pay
accepts credit and debit cards
. Credit cards currently accepted include Visa, Mastercard, Discover, American Express, Diners Club, and JCB. The Amazon.com store card is available for use with selected merchants.
Is discovery better than Capital One?
The big difference is in the
initial bonus
. Discover matches all cash back you've earned at the end of your first year, and Capital One nets you a one-time bonus of 50,000 miles when you spend $1,000 in your first three months. That's worth $500 in travel rewards. Both cards' miles are worth 1 cent each.
Do you have to pay Discover card in full every month?
A Discover minimum payment will never be more than your full balance. And you'll only be required to pay your full balance
if it's $35 or less
. But it's best to try to pay your balance in full each billing cycle.
Why did Discover discontinue benefits?
Discover's statement blamed
“prolonged low usage”
as its reason for discontinuing these benefits. Because the Discover it cards are all no-annual-fee cards, I figured it was an anomaly that wouldn't spread to premium reward cards. … The disappearing benefits included: Worldwide car rental insurance.
What are 3 disadvantages of using credit?
- Paying high rates of interest. If you carry a balance from month-to-month, you'll pay interest charges. …
- Credit damage. …
- Credit card fraud. …
- Cash advance fees and rates. …
- Annual fees. …
- Credit card surcharges. …
- Other fees can quickly add up. …
- Overspending.
Is Discover it good for building credit?
The Discover it® Student Cash Back
is our top pick for students looking to build good credit while attending college. … This card also offers the welcome bonus of a dollar-for-dollar match of all cash back earned the first year for new cardholders.
Do most places take Discover?
Discover is accepted at 99% of places in the U.S. that take
credit cards
1
. That includes millions and millions of merchants nationwide like grocery stores, gas stations, big retailers, home improvement centers, online favorites, amazing restaurants, major utilities, digital wallets and much, much more.
Is Discover Card accepted at Walmart?
Is Discover accepted at Walmart? We accept:
Visa, MasterCard, Discover, and American Express debit and credit cards
.
Does Mcdonalds accept Discover?
Plastic is now on the menu at McDonald's as credit and debit cards are to be accepted in about 6,000 restaurants by year-end. The QSR has signed agreements with Visa, MasterCard, American Express and Discover.
Do airlines accept Discover Card?
Yes
, you can use your Discover card to spread the cost of your flight over time. Alternative Airlines offer a number of different flight payment plan options that can be paid off with Discover card through Affirm (US only), Fly Now Pay Later (UK only) and PayPal Credit.
