Discover is a good credit card company, ranking third-best in customer satisfaction and offering cards with $0 annual and foreign transaction fees. Plus, Discover rewards users with at least 1% cash back on purchases and will match new cardholders' earnings from their first year as a special anniversary gift. Most Discover cards also offer 0% introductory APRs on purchases and balance transfers (with a standard variable rate applying after that).
Reasons Discover is a Good Credit Card Company:
- Discover has cards for people of all credit levels, from bad to excellent.
- Discover cards do not charge annual fees or foreign transaction fees.
- All Discover cards match your first year’s rewards.
- Discover has highly regarded customer service.
Discover cards are known for their 100% U.S-based customer service, and Discover has very few customer complaints with the Consumer Financial Protection Bureau. There are also user-friendly features such as “Freeze it®”, which allows cardholders to temporarily turn off their card to prevent any unauthorized transactions. And Discover provides free monitoring to make sure customers’ Social Security numbers don’t show up on risky websites.
Different Discover cards are good for different people, though. Discover has offers for cash back, travel, bad credit, students and more. One of the best options is Discover it® Cash Back. It offers 5% cash back on up to $1,500 spent per quarter in bonus categories (which change every quarter and require activation), and 1% back on all other purchases.
The Discover it® Student Cash Back and Discover it® Student Chrome are attractive choices, too. Both cards offer students better ongoing cash back rates than the average credit card offers. And applicants with bad credit can get 1 - 2% cash back on purchases with the Discover it® Secured Credit Card.
While all Discover cards are pretty good, there are some downsides. In 2018, Discover cut several key benefits from all of its cards. Those include travel accident insurance, purchase protection, extended warranties and return protection. And as far as global acceptance goes, you can use Discover cards at merchants in 200+ countries and territories. That’s third behind Mastercard and Visa. Both are accepted in more than 200 countries and territories.
But overall, Discover credit cards combine some innovative perks and attractive rewards into a single package. And since they don’t charge annual fees or foreign transaction fees, the cards’ rewards go right to you. Those are just a few reasons why Discover cards are good credit cards in general.
This answer was first published on 03/05/21 and it was last updated on 03/06/24. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.
