Discover it Credit Card Overview

Discover Card

Credit cards are so necessary to have for so many of us. As a matter of fact, I learned that the other day. My husband and I have four small kids (8, 5 and 2-year-old twins) and something happened to my brand new SUV that had the air conditioner not working properly. It was the second day of school for the big kids, it’s Florida, and we suddenly died a little bit in the car when we realized it wasn’t working. Thankfully, it was a quick fix and a total fluke that only took a few hours to fix, but we needed something to drive in the meantime. My husband has a tiny red convertible that only has two seats, so there was no way that would work.

We rented a Suburban for the day from a local car rental location. We always use our Paypal cards for everything because of the cash back incentive but when my husband handed it over to the car rental agency as he’s done numerous times in the past when we need a quick rental, they told him they couldn’t accept it. Why? Because it’s a debit card. Thankfully, we have a credit card, so he was able to use that instead. Imagine if he didn’t, and we were left standing there without an option; talk about inconvenient in that case.

Credit cards are important, and that’s why we talk so much about them. If you’re going to use a credit card, you might want to know which ones are the best, which work for you and what you might want in your wallet. That’s why we review the best of the best on a regular basis. Today we’re bringing you the Discover it Card from Discover. There are a few things worth mentioning about this card we might not have mentioned in the past, so we thought we’d bring those to you today.

What We Love

The thing we love most about this cash back credit card is that there is no annual fee. Who doesn’t love a card that doesn’t charge you simply because you put it in your pocket? However, it’s the rewards that often get the most attention. The Discover it card offers cardholders some serious cash back incentives, but you have to be careful about using them so that you always max them out. All cardholders get 5% cash back on their purchases in certain categories throughout the year.

These categories change every quarter, and they can include anything from gas and groceries to travel to dining to entertainment to shopping and more. It gives everyone a chance to earn serious cash back on a regular basis. You never have to worry that your cash back will expire either. Every purchase not included in the categories throughout the quarter is worth 1% cash back.

Something else we love a lot is the fact that you can redeem your cash back any time you want it as a statement credit. You can also use it at checkout when you shop Amazon. That’s amazing, since you can use it automatically and never have to spend a dime. Who doesn’t love that? And who doesn’t love Amazon?

On that note, we have to get to the best part. You’ll note we did not say anything about a sign-up bonus, thought we always talk about cards with great sign-up bonuses. This card doesn’t offer one, really. What it offers is even better. At the end of your first year of membership with the Discover it card, you’re going to see your cash back matched. What you earn this year in cash back is matched by Discover. Let’s say you earn $700 cash back this year; Discover will send you another $700 cash back for a grand total of $1,400 cash back.

A few other nice things include the fact that a payment made just a tiny bit late won’t cause your APR to rise. Discover understands that sometimes life happens and it is easy to forget to mail a payment on time or schedule it right away, so you’re not even charged a late fee the first time you make a late payment. You don’t get charged over your limit fees, you don’t pay foreign transaction fees when you travel, and that’s a big savings.

What We Don’t Love

There’s not all that much not to love about this card, but we do have to point out that cards with rotating rewards categories are not always our favorite. They aren’t always convenient, they limit what you can max out on all the time, and they sometimes mean people spend more money in one category than another that they might not have spent otherwise. It’s not always convenient, but it’s good for some people.

The lack of an annual fee is nice, though; and you don’t have to worry about one hitting you on year two. Basically, that’s all we don’t love about this card, which is saying a lot since there is so much being offered by Discover it.

Photo by Getty Images

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