Discover it®: A 5% Contender? - NerdWallet
Advertiser Disclosure

Discover it®: A 5% Contender?

You can trust that we maintain strict editorial integrity in our writing and assessments; however, we receive compensation when you click on links to products from our partners and get approved. Heres how we make money .
Discover it®: A 5% Contender?

Discover it®- Double Cash Back your first year Editor's Rating: 4.4 / 5

The Discover it®- Double Cash Back your first year offers some pretty enticing terms: high rewards, a $0 annual fee and access to a killer bonus mall. But as an everyday card, it’s up against a tough slate of competitors. Let’s examine whether or not this is the right cash-back card for you.

Discover it®- Double Cash Back your first year

Apply Now on Discover's secure website

Pros

  • Bonus cash back categories
  • No annual fee
  • 0% on purchases for 12 months and 0% on balance transfers for 12 months
  • No foreign transaction fee

Bonus Offer

We'll DOUBLE all the cash back you've earned at the end of your first year. So if you earned $101 cash back, we'll double it to $202—Automatically. Only for new cardmembers.*

Annual Fee

$0

Intro APR Promotions

0% on purchases for 12 months and 0% on balance transfers for 12 months

APR

  • APR: 11.24% – 23.24% Variable*
  • Cash Advance APR: 25.24%, Variable

Card Details

  • We'll DOUBLE all the cash back you've earned at the end of your first year. So if you earned $101 cash back, we'll double it to $202—Automatically. Only for new cardmembers.*
  • 5% cash back in categories that change each quarter like gas, restaurants, home improvement stores and more -up to the quarterly maximum when you sign up.* 1% cash back on all other purchases.
  • 0% intro APR* on purchases & balance transfers for 12 months—then a variable purchase APR applies, currently 11.24% – 23.24%. A 3% fee applies to each transferred balance.
  • Freeze It℠ on/off switch lets you prevent new purchases, cash advances & balance transfers on misplaced cards in seconds by mobile app & online.* Plus get 100% U.S.-based service.
  • Track your recent FICO® Credit Scores for free in one easy-to-read chart on monthly statements & online.*
  • No annual fee.* No overlimit fee. No foreign transaction fee. No late fee on first late payment & paying late won't raise your APR.*
  • Each Discover purchase is monitored. If it's unusual, you're alerted by e-mail, phone or text and you're never responsible for unauthorized purchases on your Discover card.
  • Click "Apply Now". *See rates, rewards, FICO® Credit Score terms & other information.

At a glance
Annual fees $0
0% APR promotions 0% on purchases for 12 months and 0% on balance transfers for 12 months, and then the ongoing APR of 11.24% – 23.24% Variable, OR
0% on purchases for 6 months and 0% on balance transfers for 18 months, and then the ongoing APR of 11.24% – 23.24% Variable
Balance transfer fee 3% of the amount transferred
Rewards program Cash back
Signup bonus None
Verdict: It’s a good card, but the 5% cash-back field is very competitive.
Good for:
  • Access to the Discover Deals bonus mall
  • Use during the holiday shopping season
  • People who fit the card’s bonus categories
  • Earning rewards while paying off a small balance
Bad for:
  • Someone who has a large amount of credit card debt
  • Someone looking for a 5% cash-back credit card with different categories
  • Making a big purchase and paying it off over time

In this article:

The Discover it®- Double Cash Back your first year basics
When to use the Discover it®- Double Cash Back your first year
Discover it®- Double Cash Back your first year vs.  other cash-back credit cards
Discover it®- Double Cash Back your first year vs. low APR credit cards

The Discover it®- Double Cash Back your first year basics

The Discover it®- Double Cash Back your first year offers 5% cash back in rotating bonus categories, up to $1,500 spent per quarter. Here are the bonus categories for 2016:

Q1 (Jan. 1 – March 31)

Gas and ground transportation

Q1 (April 1 – June 30)

Restaurants and movies

Q1 (July 1 – Sept. 30)

TBD
(In 2015, it was Amazon.com, department stores and home improvement stores)

Q1 (Oct. 1 – Dec. 31)

TBD
(In 2015, it was Amazon.com, department stores and clothing stores)

There are two versions of the card — one with 0% on purchases for 12 months and 0% on balance transfers for 12 months, and then the ongoing APR of 11.24% – 23.24% Variable; the other with 0% on purchases for 6 months and 0% on balance transfers for 18 months, and then the ongoing APR of 11.24% – 23.24% Variable. Both versions come with:

  • No foreign transaction fee or over-the-limit fee
  • No penalty APR
  • Free FICO score
  • Waived first late-payment fee

Discover it®- Double Cash Back your first year Discover it®- 18 Month Balance Transfer Offer
Discover It Credit Card
Apply Now

on Discover's
secure website

Discover it Credit Card
Apply Now

on Discover's
secure website

Bonus Offer
We'll DOUBLE all the cash back you've earned at the end of your first year. So if you earned $101 cash back, we'll double it to $202—Automatically. Only for new cardmembers.* We'll DOUBLE all the cash back you've earned at the end of your first year. So if you earned $101 cash back, we'll double it to $202—Automatically. Only for new cardmembers.*
APR
0% on purchases for 12 months and 0% on balance transfers for 12 months, and then the ongoing APR of 11.24% – 23.24% Variable 0% on purchases for 6 months and 0% on balance transfers for 18 months, and then the ongoing APR of 11.24% – 23.24% Variable
Annual fee
$0 $0
Details
  • We'll DOUBLE all the cash back you've earned at the end of your first year. So if you earned $101 cash back, we'll double it to $202—Automatically. Only for new cardmembers.*
  • 5% cash back in categories that change each quarter like gas, restaurants, home improvement stores and more -up to the quarterly maximum when you sign up.* 1% cash back on all other purchases.
  • 0% intro APR* on purchases & balance transfers for 12 months—then a variable purchase APR applies, currently 11.24% – 23.24%. A 3% fee applies to each transferred balance.
  • Freeze It℠ on/off switch lets you prevent new purchases, cash advances & balance transfers on misplaced cards in seconds by mobile app & online.* Plus get 100% U.S.-based service.
  • Track your recent FICO® Credit Scores for free in one easy-to-read chart on monthly statements & online.*
  • No annual fee.* No overlimit fee. No foreign transaction fee. No late fee on first late payment & paying late won't raise your APR.*
  • Each Discover purchase is monitored. If it's unusual, you're alerted by e-mail, phone or text and you're never responsible for unauthorized purchases on your Discover card.
  • Click "Apply Now". *See rates, rewards, FICO® Credit Score terms & other information.
  • We'll DOUBLE all the cash back you've earned at the end of your first year. So if you earned $101 cash back, we'll double it to $202—Automatically. Only for new cardmembers.*
  • 5% cash back in categories that change each quarter like gas, restaurants, home improvement stores and more -up to the quarterly maximum when you sign up.* 1% cash back on all other purchases.
  • 0% intro APR* on balance transfers for 18 months—then a variable purchase APR applies, currently 11.24% – 23.24%. A 3% fee applies to each transferred balance.
  • Freeze It℠ on/off switch lets you prevent new purchases, cash advances & balance transfers on misplaced cards in seconds by mobile app & online.* Plus get 100% U.S.-based service.
  • Track your recent FICO® Credit Scores for free in one easy-to-read chart on monthly statements & online.*
  • No annual fee.* No overlimit fee. No foreign transaction fee. No late fee on first late payment & paying late won't raise your APR.*
  • Each Discover purchase is monitored. If it's unusual, you're alerted by e-mail, phone or text and you're never responsible for unauthorized purchases on your Discover card.
  • Click "Apply Now". *See rates, rewards, FICO® Credit Score terms & other information.

Let’s compare Discover it®- Double Cash Back your first year to other cards out there.

When to use the Discover it®- Double Cash Back your first year

One of the best things about the Discover it®- Double Cash Back your first year is the Discover Deals online bonus mall, which gives 5 to 20% cash back on popular online retailers, from Apple (5%) to ProFlowers (20%). In our comparison of online rewards malls, Discover trumps Chase’s Ultimate Rewards Mall and Citi’s Bonus Cash Center.

The next-best part of the Discover it®- Double Cash Back your first year is the bonus category for the fourth quarter. Historically, it includes online shopping, so you can get great rewards on all of your holiday gifts. If you stack this on top of Discover Deals promotions, you’ll net even more cash back.

And finally, the Discover it®- Double Cash Back your first year gives you free access to your FICO score and prints it on your monthly statement.

Discover it®- Double Cash Back your first year vs. cash-back credit cards

The Discover it®- Double Cash Back your first year is up against a series of 5% cash back heavyweights — like the Chase Freedom®  and U.S. Bank Cash+™ Visa Signature® Card — as well as some pretty stellar flat rewards rate cards.

Discover it®- Double Cash Back your first year vs. U.S. Bank Cash+™ Visa Signature® Card

U.S. Bank Cash+™ Visa Signature® Card

Apply Now on US Bank's secure website

Pros

  • Bonus cash back categories
  • No annual fee
  • 0% for 9 mos on transfers

Cons

  • Needs excellent credit

Bonus Offer

N/A

Annual Fee

$0

Intro APR Promotions

Purchase: None

Transfer: 0% for 9 mos

APR

  • Min APR: 13.24%, Variable
  • Max APR: 24.24%, Variable

Card Details

  • 5% cash back on your first $2,000 in combined net purchases² each quarter on two categories you choose*.
  • 2% cash back on your choice of one everyday category (like gas or groceries)*.
  • 1% cash back on everything else*.
  • No limit on total cash back.
  • Subject to credit approval.

If you want to choose your 5% categories, the U.S. Bank Cash+™ Visa Signature® Card is a great option. It offers  5% back on up to $2,000 in spending per quarter in two spending categories of your choice. The available bonus categories change each quarter. It also offers an unlimited 2% back on an everyday purchase category — like gas or groceries — and 1% back on everything else.

The U.S. Bank Cash+™ Visa Signature® Card’s annual fee is $0. It’s a great option if you don’t spend according to Discover’s bonus categories, and would rather choose your own.

Discover it®- Double Cash Back your first year vs. Chase Freedom®

Chase Freedom®

Apply Now on Chase's secure website

Pros

  • Bonus 5% cash back categories
  • No annual fee
  • 0% intro APR on purchases and balance transfers
  • Qualify with Good credit

Cons

  • If you value simplicity, a flat rate cash back card may be better

Bonus Offer

Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening

Annual Fee

$0

Intro APR Promotions

0% for 15 Months on purchases and 0% Intro APR for 15 months on balance transfers

APR

  • APR: 14.24-23.24% Variable
  • Cash Advance APR: 25.24%, Variable

Card Details

  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
  • Earn a $25 Bonus after you add your first authorized user and make a purchase within this same 3-month period
  • 0% Intro APR for 15 months on purchases and balance transfers. After the intro period, a variable APR of 14.24-23.24%
  • Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate
  • Enjoy new 5% categories every 3 months like gas stations, restaurants, and select grocery stores
  • Unlimited 1% cash back on all other purchases - it's automatic
  • Cash Back rewards never expire as long as your account is open
  • No annual fee

The Chase Freedom® is a bit more traditional. It offers a sign-up bonus: Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening. And like the Discover it®- Double Cash Back your first year, it has 5% bonus categories that change quarterly. Here’s the 2015 bonus schedule:

  • Q1 (January 1 – March 31): Grocery stores, movie theaters and Starbucks stores
  • Q2 (April 1 – June 30): Restaurants, Bed Bath & Beyond, H&M and Overstock.com
  • Q3 (July 1 – September 30): Gas stations and Kohl’s
  • Q4 (October 1 – December 31): Amazon.com, Zappos.com, Audible.com and Diapers.com

There’s a case to be made for both the Chase Freedom® and the Discover it®- Double Cash Back your first year. In the end, it will come down to your spending habits — think carefully about which bonus category schedule best fits your needs.

If it’s an option, you could get the Chase Freedom® and the Discover it®- Double Cash Back your first year. They’ll both come in handy in the 4th quarter for holiday shopping. After that, you’re probably better off leaning on the Chase Freedom® for everyday use and turning to the Discover it®- Double Cash Back your first year for access to Discover Deals.

Discover it®- Double Cash Back your first year vs. Citi®Double Cash Card

Citi®Double Cash Card

Apply Now on Citibank's secure website

Pros

  • High rewards rate
  • No annual fee
  • 0% if you qualify for 15 mos on transfers

Cons

  • Needs excellent credit

Bonus Offer

The only card that earns you cash back twice on every purchase

Annual Fee

$0

Intro APR Promotions

0% on purchases and balance transfers for 15 months*

APR

  • Min APR: 13.24%, Variable
  • Max APR: 23.24%, Variable
  • Penalty APR: Up to 29.99%, Variable
  • Cash Advance APR: 25.49%, Variable

Card Details

  • 0% Intro APR on Balance Transfers and Purchases for 15 months. After that, the variable APR will be 13.24%-23.24%, based on your creditworthiness*
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater
  • The only card that earns you cash back twice on every purchase with:
  • 1% cash back when you buy
  • Plus 1% cash back as you pay for those purchases, whether you pay in full or over time*
  • No Category Restrictions, No Caps, No Enrollments in Rotating Categories
  • No Annual Fee

Rotating bonus categories can be great, but if you’re looking for a card with a high, ongoing rewards rate, it doesn’t get much better than the Citi®Double Cash Card. You’ll earn 1% cash back on all your purchases, then an additional 1% cash back when you pay them off. This means that if you’re paying your balance in full every month, you can expect to reliably earn cash back at one of the highest levels out there for credit cards, without spending caps.

The Citi®Double Cash Card has an annual fee of $0, no foreign transaction fees and an introductory APR of 0% for 15 months on purchases and balance transfers, and then the ongoing APR of 13.24% - 23.24% Variable .

Discover it®- Double Cash Back your first year vs. low APR credit cards

Discover it®- Double Cash Back your first year vs. Citi Simplicity® Card

Citi Simplicity® Card

Apply Now on Citibank's secure website

Pros

  • No late fee
  • No annual fee
  • 0% if you qualify for 21 mos on transfers

Cons

  • No rewards
  • Needs excellent credit

Bonus Offer

0% on purchases and balance transfers for 21 months

Annual Fee

$0*

Intro APR Promotions

0% on purchases and balance transfers for 21 months

APR

  • Min APR: 13.24%, Variable
  • Max APR: 23.24%, Variable

Card Details

  • 0% Intro APR on Balance Transfers and Purchases for 21 months. After that, the variable APR will be 13.24% - 23.24% based on your creditworthiness.
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater.
  • No late fees - EVER
  • No penalty rate - EVER
  • No annual fee - EVER
  • Save time when you call with fast, personal help, 24 hours a day.

If you’re looking for a low-interest credit card, the Discover it®- Double Cash Back your first year isn’t your best option. The card with the longest 0% APR period is the Citi Simplicity® Card, which offers 0% for 21 months on purchases and balance transfers, and then the ongoing APR of 13.24% - 23.24% Variable . It also has no penalty APR and no late fees — ever. The Discover it®- Double Cash Back your first year does earn rewards, while the Citi Simplicity® Card doesn’t, but if you’re going to carry a balance, rewards rate shouldn’t be your focus.

Discover it®- Double Cash Back your first year vs. Chase Slate®

Chase Slate®

Apply Now on Chase's secure website

Pros

  • No annual fee
  • No balance transfer fee
  • 0% Intro APR for 15 months on purchases and balance transfers
  • Qualify with Good credit

Cons

  • No rewards

Bonus Offer

$0 Introductory balance transfer fee for transfers made during the first 60 days of account opening

Annual Fee

$0

Intro APR Promotions

0% Intro APR for 15 months on purchases and balance transfers

APR

  • APR: 13.24%-23.24% Variable
  • Cash Advance APR: 25.24%, Variable

Card Details

  • Chase Slate named "Best Credit Card for Balance Transfers" three years in a row by Money Magazine
  • $0 Introductory balance transfer fee for transfers made during the first 60 days
  • 0% Introductory APR for 15 months on purchases and balance transfers
  • Free Monthly FICO® Score and Credit Dashboard
  • No Penalty APR - Paying late won't raise your interest rate (APR). All other account pricing and terms apply
  • $0 Annual Fee

For an affordable balance transfer, the Chase Slate® can’t be beat. It offers 0% Intro APR for 15 months on purchases and balance transfers, and then the ongoing APR of 13.24%-23.24% Variable. But the best thing about this card is that all balance transfers made in the first 60 days of opening your account are free. By contrast, the Discover it®- Double Cash Back your first year has a 3% transfer rate.

Erin El Issa is a staff writer covering personal finance for NerdWallet. Follow her on Twitter @Erin_Lindsay17 and on Google+.


Image via iStock.

  • BigD

    Hey Nerdwallet, glad you got your act together and are writing articles more professionally. Kudos!

  • BigD

    Hey Nerdwallet, glad you got your act together and are writing articles more professionally. Kudos!

  • BigD

    Hey Nerdwallet, glad you got your act together and are writing articles more professionally. Kudos!

  • disqus_bOdq3A9HUV

    In comparing the It with the Forward, how in the world is some sign up bonus a tie with no sign up bonus??? That literally makes no sense whatsoever. Those 10,000 points can be worth up to $100, depending on how they’re redeemed.

  • disqus_bOdq3A9HUV

    In comparing the It with the Forward, how in the world is some sign up bonus a tie with no sign up bonus??? That literally makes no sense whatsoever. Those 10,000 points can be worth up to $100, depending on how they’re redeemed.

  • disqus_bOdq3A9HUV

    In comparing the It with the Forward, how in the world is some sign up bonus a tie with no sign up bonus??? That literally makes no sense whatsoever. Those 10,000 points can be worth up to $100, depending on how they’re redeemed.

  • http://twitter.com/_ArcTic_FiRe Tom@L

    true. Citi forward’s 10,000 thank you points is equal to $100 signup bonus.

  • http://twitter.com/_ArcTic_FiRe Tom@L

    true. Citi forward’s 10,000 thank you points is equal to $100 signup bonus.

  • Tom@L

    true. Citi forward’s 10,000 thank you points is equal to $100 signup bonus.

  • stanolshefski

    As of September 2012, the Cii Forward no longer has a cap on points per year.

    • http://www.nerdwallet.com/ NerdWallet

      Hi there,

      The Citi Forward card still shows a 75,000 annual ThankYou Points cap – check out the terms here: https://www.citicards.com/cards/wv/cardDetail.do?screenID=960&contentId=BV46EZG .

      Thanks for using our site!

      • stanolshefski

        I have the card and I can tell you that the terms have changed. Many Fatwallet members are reporting the sme change in terms.

        • http://www.nerdwallet.com/ NerdWallet

          Hey Stan,

          You’re completely right. We obtained a copy of a Citi Forward cardholder agreement, which states:

          Earn at least 1 ThankYou Point for every $1 spent on all eligible purchases.

          Earn, on average, 4 extra points for every $1 you spend when you shop through the ThankYou® Bonus Center, a network of your favorite retailers, at thankyou.com.

          There is no limit to the amount of points you can earn.

          We’ll be sure to update our info on the blog – it’s a shame it’s no longer being offered, but we hope it’ll find its way back soon.

          Thanks again for the tip,
          The Nerds

          • stanolshefski
          • http://www.nerdwallet.com/ NerdWallet

            Hi Stan,

            Unfortunately, the only version available is the one you mentioned here – the college student version. While still a good option for students (you earn 5 points per $1 on fast food and bars, after all), the Citi Forward for Students is a step down from the no-longer-available adult version. It doesn’t earn 5x rewards on bookstores – which means it doesn’t earn 5x rewards on Amazon.

            It’s a shame – the adult Forward used to be one of the better cards out there for urbanites, and we hope it’ll return.

            Cheers,
            Team NerdWallet

          • stanolshefski

            It says bookstores on that page:

            “5 ThankYou Points for every $1 spent on purchases at restaurants (including fast food), bookstores, music stores, video rental stores and movie theaters; 1 ThankYou Point for every $1 spent on all other purchases2”

          • Alex’s Experiences

            Yes it gets the 5x on bookstores, I have a student and a regular (don’t ask…) both get the reward.

          • Allie Kat

            Yes it gets the 5x on bookstores, I have a student and a regular (don’t ask…) both get the reward.

  • stanolshefski

    As of September 2012, the Cii Forward no longer has a cap on points per year.

  • stanolshefski

    As of September 2012, the Cii Forward no longer has a cap on points per year.

    • http://www.nerdwallet.com/ NerdWallet

      Hi there,

      The Citi Forward card still shows a 75,000 annual ThankYou Points cap – check out the terms here: https://www.citicards.com/cards/wv/cardDetail.do?screenID=960&contentId=BV46EZG .

      Thanks for using our site!

      • stanolshefski

        I have the card and I can tell you that the terms have changed. Many Fatwallet members are reporting the sme change in terms.

        • http://www.nerdwallet.com/ NerdWallet

          Hey Stan,

          You’re completely right. We obtained a copy of a Citi Forward cardholder agreement, which states:

          Earn at least 1 ThankYou Point for every $1 spent on all eligible purchases.

          Earn, on average, 4 extra points for every $1 you spend when you shop through the ThankYou® Bonus Center, a network of your favorite retailers, at thankyou.com.

          There is no limit to the amount of points you can earn.

          We’ll be sure to update our info on the blog – it’s a shame it’s no longer being offered, but we hope it’ll find its way back soon.

          Thanks again for the tip,
          The Nerds

          • stanolshefski
          • http://www.nerdwallet.com/ NerdWallet

            Hi Stan,

            Unfortunately, the only version available is the one you mentioned here – the college student version. While still a good option for students (you earn 5 points per $1 on fast food and bars, after all), the Citi Forward for Students is a step down from the no-longer-available adult version. It doesn’t earn 5x rewards on bookstores – which means it doesn’t earn 5x rewards on Amazon.

            It’s a shame – the adult Forward used to be one of the better cards out there for urbanites, and we hope it’ll return.

            Cheers,
            Team NerdWallet

          • Allie Kat

            Yes it gets the 5x on bookstores, I have a student and a regular (don’t ask…) both get the reward.

  • http://Techderp.net/ Moscato SugarRush

    I know this is a dated post, but it’s missing something really critical

    The biggest advantage the Discover card has, is access to cashdiscover, which by a longshot is the best cashback shopping mall, period.

    The chase freedom does have a nice signup bonus, but in the longrun, if you use shopdiscover, discover can winout.

  • http://Techderp.net/ Moscato SugarRush

    I know this is a dated post, but it’s missing something really critical

    The biggest advantage the Discover card has, is access to cashdiscover, which by a longshot is the best cashback shopping mall, period.

    The chase freedom does have a nice signup bonus, but in the longrun, if you use shopdiscover, discover can winout.

  • http://techraptor.net/ Moscato359

    I know this is a dated post, but it’s missing something really critical

    The biggest advantage the Discover card has, is access to cashdiscover, which by a longshot is the best cashback shopping mall, period.

    The chase freedom does have a nice signup bonus, but in the longrun, if you use shopdiscover, discover can winout.

  • http://www.doctorofcredit.com/ doctorofcredit

    There is a $150 sign up bonus with $750 spend if you use specific links.

  • http://www.doctorofcredit.com/ doctorofcredit

    There is a $150 sign up bonus with $750 spend if you use specific links.

  • http://www.doctorofcredit.com/ doctorofcredit

    There is a $150 sign up bonus with $750 spend if you use specific links.

  • arbitus

    Discover It may or may not be a good card. However, the Shareholder Value driven parent company knowingly screws its existing Discover More customer base by neither advising them of the major difference between the More Card and the It Card or offering a simple upgrade. Legacy Discover More customers, who blindly assume the cards are equal, are systematically cheated out of rewards that would and should be theirs, by a company who would rather make a sleazy profit on the existing More customers than reward them with an automatic upgrade to the It card. Discover has made no effort whatsoever to advise their customer base that the More card is substantially inferior in rewards benefits to the It card, especially relative to the $3000 spending threshold to start getting a full 1% reward. Discover is a classic example of the type of screw your customer corporate culture fostered by the Shareholder Value rationale.

  • arbitus

    Discover It may or may not be a good card. However, the Shareholder Value driven parent company knowingly screws its existing Discover More customer base by neither advising them of the major difference between the More Card and the It Card or offering a simple upgrade. Legacy Discover More customers, who blindly assume the cards are equal, are systematically cheated out of rewards that would and should be theirs, by a company who would rather make a sleazy profit on the existing More customers than reward them with an automatic upgrade to the It card. Discover has made no effort whatsoever to advise their customer base that the More card is substantially inferior in rewards benefits to the It card, especially relative to the $3000 spending threshold to start getting a full 1% reward. Discover is a classic example of the type of screw your customer corporate culture fostered by the Shareholder Value rationale.

  • arbitus

    Discover It may or may not be a good card. However, the Shareholder Value driven parent company knowingly screws its existing Discover More customer base by neither advising them of the major difference between the More Card and the It Card or offering a simple upgrade. Legacy Discover More customers, who blindly assume the cards are equal, are systematically cheated out of rewards that would and should be theirs, by a company who would rather make a sleazy profit on the existing More customers than reward them with an automatic upgrade to the It card. Discover has made no effort whatsoever to advise their customer base that the More card is substantially inferior in rewards benefits to the It card, especially relative to the $3000 spending threshold to start getting a full 1% reward. Discover is a classic example of the type of screw your customer corporate culture fostered by the Shareholder Value rationale.

  • Hinrg4me

    Note that Discover has a number of options for redeeming $20 cashback for $25 gift cards, like at Bed Bath & Beyond. That can put your 5% earning at an effective 6.25% if you can make use of the gift cards…

  • Hinrg4me

    Note that Discover has a number of options for redeeming $20 cashback for $25 gift cards, like at Bed Bath & Beyond. That can put your 5% earning at an effective 6.25% if you can make use of the gift cards…

  • Hinrg4me

    Note that Discover has a number of options for redeeming $20 cashback for $25 gift cards, like at Bed Bath & Beyond. That can put your 5% earning at an effective 6.25% if you can make use of the gift cards…

  • Jason Evans

    I have the Discover it and it provides a free FICO score and no annual fee.

  • Jason Evans

    I have the Discover it and it provides a free FICO score and no annual fee.

  • Jason Evans

    I have the Discover it and it provides a free FICO score and no annual fee.

  • first last

    Both Discover and Chase tend to use the same categories, over and over and over again. Discover used to have grocery stores AND travel as a category, but not for 2015. Chase used to have charitable donations as a category, but hasn’t in at least 3 years. Same boring categories: gas, home improvement, dept stores and amazon.

    If you hardly ever shop at home improvement or dept stores, these 2 cards are no longer worth it for the bonus.

  • first last

    Both Discover and Chase tend to use the same categories, over and over and over again. Discover used to have grocery stores AND travel as a category, but not for 2015. Chase used to have charitable donations as a category, but hasn’t in at least 3 years. Same boring categories: gas, home improvement, dept stores and amazon.

    If you hardly ever shop at home improvement or dept stores, these 2 cards are no longer worth it for the bonus.

  • first last

    Both Discover and Chase tend to use the same categories, over and over and over again. Discover used to have grocery stores AND travel as a category, but not for 2015. Chase used to have charitable donations as a category, but hasn’t in at least 3 years. Same boring categories: gas, home improvement, dept stores and amazon.

    If you hardly ever shop at home improvement or dept stores, these 2 cards are no longer worth it for the bonus.