Discover it Card Review

The Credit Card That Changes Everything

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

Discover's latest credit card is different from virtually every credit card on the market. This revolutionary card has great rewards, very few fees, and flexible payment terms.

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

Discover it Rewards Program

Earn up to 5% cash back on certain purchases in categories that change quarterly. You must sign up in advance. You will only earn 5% cash back on the first $1,500 in purchases each quarter, which is . All other purchases, including those that exceed the 5% category maximum, earn 1% cash. New cardholders get double cash back on all the cash earned in the first year.

Another neat feature is the ability to connect your Discover "it" card to your Amazon account and use your rewards to make purchases at

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.

Pricing for the Discover it

The card comes with a competitive 0% introductory interest rate on purchases and balance transfers for 12 months.

The regular post-promotional APR is 11.24 to 23.24% 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.

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 $35 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 $35 fee. Late payments can also impact your credit score.

Other Perks With the Discover it

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 accountholders 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.

Last updated May 22, 2016. 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.

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