Discover it Card Review

One of the Friendliest Cards Around

Man using rewards credit card
••• © ONOKY - Julien de Wilde / Creative RF / Getty

Discover's latest credit card is a great card with great rewards, few fees, and flexible payment terms.

The Discover it is one of the friendliest credit cards around. The card is largely fee-free: there's no annual fee, no fee for exceeding your credit limit, no fee on foreign transactions, and no fee for the first late payment. (Balance transfers and cash advances still incur a fee.)

The card's design is pretty impressive. The card is metallic. The front bears only the words "Discover" and "it." All the card information, your name and card number, are printed (not embossed) on the back of the card. If you're approved, the card arrives via expedited delivery in a sleek, metallic box that matches the credit card design.

Discover it Details

Sign-up Bonus Double cash back at the end of your first year
Rewards Rate 1% cash back on all purchases and 5% back on select purchases
Intro Purchase APR 0% for 14 months
Ongoing APR 14.24% to 25.24%, based on your creditworthiness
Balance Transfer APR 0% for 14 months
Balance Transfer Fee 3% of the amount of each transfer
Late Payment Fee None the first time you pay late. After that, up to $37
This card has no annual fee, or foreign transaction fee

Discover it Pros & Cons

What We Like

  • 5% cash back on certain purchases.

  • No annual fee.

  • 0% APR for 14 months.

What We Don't Like

  • $39 fee for returned payments.

  • Late payments affect your credit score.

  • $10 or 5% fee for cash advances

Discover it Sign-Up Bonus

New cardholders get double cash back on all the cash earned in the first year.

Earning Points and Rewards

Earn up to 5% cash back on certain purchases in categories that change quarterly. You must sign up in advance. All other purchases, including those that exceed the 5% category maximum, earn 1% cash.

Another neat feature is the ability to connect your Discover "it" card to your Amazon account and use your rewards to make purchases at Amazon.com. This feature is available for other Discover cash reward cards, too.

You can redeem your rewards at any time; you don't have to accumulate a certain amount of rewards or redeem rewards in specific increments. That flexibility makes it much easier to redeem your rewards at your convenience.

Pricing for the Discover it

The card comes with a competitive 0% introductory interest rate on purchases and balance transfers for 14 months. The regular post-promotional APR is 14.24% to 25.24% based on your credit history, i.e. people with better credit scores will receive a lower interest rate. A 3% fee applies to balance transfers after August 10, 2019.

The Discover it Card lets you pay at your convenience. You have up until midnight on your due date to pay your bill online or by phone. And you don't have to be stuck with a due date that doesn't fit your pay schedule. You can choose your own payment due date by phone or online.

While there's no late payment fee on the first late payment, you will pay up to $39 for a subsequent late fee. According to the credit card terms, your late payments won't be punished with a penalty APR either. Returned payments, i.e. checks returned for nonsufficient funds, will incur a $39 fee. Late payments can also affect your credit score.

Discover it's Other Features

Discover it cardholders now receive a free FICO score automatically on their monthly statements. Your FICO score is based on information in your TransUnion credit report. Only primary account holders will receive their free FICO scores.

Freeze it is a unique feature of Discover credit cards that let you freeze your account and prevent new transactions on your account. This includes purchases, balance transfers, and cash advances. You can easily freeze and unfreeze your credit card through the mobile app or the website.

A few other perks: payment or interest rate help after job loss, purchase protection, extended warranty, price protection, and return protection.

Discover it's Other Fees

Penalty APR None
Returned Payment Fee $37
Cash Advance APR 27.24%
Cash Advance Fee $10 or 5% of the amount of each cash advance, whichever is greater.
Overlimit Fee None

Is This Card Right For You?

This card has great rewards, very few fees, and flexible payment terms.

The Discover it is one of the friendliest credit cards around. The card is largely fee-free: there's no annual fee, no fee for exceeding your credit limit, no fee on foreign transactions, and no fee for the first late payment.

Next Steps

To apply, go the the Discover it website.

Last updated May 30, 2019. Credit card terms and sign-up bonuses are subject to change from the time of this review. Refer to the application for current terms and conditions.