Discover it® Card Review

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I’ve started seeing advertisements for a Discover it® Card and having never seen it before, I was curious what it was. Other than a different looking card, it’s actually not much different than their base Discover More card. If you recall, the Discover More card was as straightforward a card as they come – bonus cashback on rotating categories, no annual fee, and a few other little features that most credit cards offer.

So I was surprised when I saw the Discover it® card because I thought maybe there was something special. There is… kind of. The biggest draw of the card is that it offers an 18 month 0% APR balance transfer (3% fee) on top of the types of features you expect from a Discover card – no annual fee, no foreign transaction fee, and 5% cashback on rotating categories (first 1st quarter of 2013, it’s on restaurants and movies).

That’s the biggest financial benefit of the card. The card comes with a few nice features that, hopefully, none of you will ever have to use. First, customer service is all U.S. based and human, so you can get on the phone with a person in the U.S. that you, hopefully, won’t have communication problems with. I’ve never had a problem with companies with outsourced customer service in the last five years, but if you have and it frustrates you, this is a nice perk. I say hopefully because I hope you never have to call them!

Next, if you miss a payment, the first one won’t result in a late fee and it won’t increase your APR. Again, hopefully you don’t miss payments but it is nice that they put it in writing that they won’t ding you immediately. A lot of companies that offer 0% balance transfer rely on you missing a payment, so they can jack up the rates, or that you keep spending on the card, so the new purchases accrued interest at the regular APR.

All in all, it’s a small step up from the Discover More card.

{ 12 comments, please add your thoughts now! }

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12 Responses to “Discover it® Card Review”

  1. Best I remember, on the old discover cards other purchases did not pay 1% cash back immediately but this card does. I think this card is a big improvement from discover’s old credit cards.

  2. freeby50 says:

    Yeah as Lance points out the 1% on all purchases is a bigger change here. Discover used to pay 0.25% rebate on the first $X and then 0.5% on the next $X. You only got the 1% on purchases over $3000. That was an annoyance that made the cards basic cash back worse that most others.

  3. Shirley says:

    I have used the Discover More card since 2005 and have always gotten 1% back on all purchases other than the 5% category.

  4. admiral58 says:

    It seems like a great card, but until they add a generous sign up bonus, i’ll probably pass until that point.

  5. Cash back on purchases combined with a zero percent balance transfer is an interesting and possible costly combination.

    Many cards will waive the grace period on interest once the borrower pays anything less than the full balance each month. Getting 5% cash back on new purchases gets washed out by the interest charges.

    How does Discover handle this?

  6. TN says:

    Anyone know if the new card still does the “double-cash” back bonuses that the More card frequently does? Recently 2% on the first $250 you spent in January.

  7. Sadie says:

    Truly enjoy the benefits with Discover Card.

    Prior to shopping online, log in to Discover Card to identify if desired vendor participates as a ShopDiscover Partner.

    Earn 5% to 20% Cashback Bonus for online purchases with over 175 top retailers.

    All adds up to make the most of your Cashback Bonus. Gift Cards, Merchandise, Cash and more.

  8. admiral58 says:

    No foreign transaction fee is good, but how many places take Discover overseas? Not worth the risk, but a nice perk if you have the card.

    • cindilu says:

      Because Discover is part of another network, Diners Club maybe, I was able to use my Discover card through South America with no transaction fees. It saved me 3% on a family trip for 5 in Costa Rica at Christmas…a nice feature! Additionally, it was widely accepted so while I took my VISA too I used my Discover.

    • tshack says:

      Actually, Discover partnered with JCB (Japanese Credit Bureau) back in 2006. Finally, in 2011, the partnership is official and your Discover card can now be used at all JCB terminals in Japan with zero transaction fee.

      This is a big deal as JCB is the major processor in Japan.

      Also, I do not know the specifics first hand, but I hear the situation is similar in China with UnionPay.

  9. pkreger says:

    Thanks for the article. I was also wondering how it was different.

  10. Trish says:

    I just signed up for this card a few weeks ago! So far I love it. I have only had one credit card before this a Capital One card which was OK, and all I could get for someone who had no credit at the time. I had that card a little over a year and decided I wanted to try Discover IT. So far I love how easy it is to pay on the internet and simple to pay from two different back accounts. I have’t gotten to use the 5% cash back bonuses yet but I am looking forward to using it!

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