Interest Rates

  • Introductory Rate: 0% Intro APR* on purchases and balance transfers for 14 months
  • APR (Purchases): 10.99%-22.99% Variable
  • APR (Cash Advances): 24.99% Variable


  • Annual Fee: $0
  • Grace Period: N/A
  • Late Payment Fee: None the first time you pay late. After that, up to $35.
  • Over-The-Limit Fee: N/A
  • Cash Advance Fee: $10 or 5% of the amount of each cash advance, whichever is greater.
  • Balance Transfer Fee: 3% of the amount of each transfer.

Reward Program

  • Points per Dollar: 1% cashback bonus on all eligible purchases
  • Additional Points: 5% bonus on revolving categories when you sign up*
  • Point Details: N/A
  • Expiration: N/A
  • Yearly Limit: N/A

The Discover it® card is an excellent option for those looking for a 0% introductory rate, good cash back rewards and no annual fee. Contrary to popular belief, Discover cards are accepted at many locations throughout the world. The card also has a relatively lower on-going purchase APR.

Key Features Of The Discover it® Card

Introductory APR: 0% introductory APR on purchases and balance transfers for 14 months from opening the card. A 3% fee applies to each transferred balance. This is an above average introductory period.

Fantastic Rewards Program: Discover offers 1% cash back on all eligible purchases. However, Discover also gives 5% cash back on revolving categories that change each quarter. These categories have included restaurants, movie theaters, home improvement, gas stations and holiday shopping.  From July through September 2014, receive 5% cash back up to $1,500 at gas stations when you sign up*.

Lower On-Going Purchase APR: If you plan on carrying a balance after the introductory period, this card has a relatively low on-going purchase APR based on credit worthiness.

Main Advantages

Customer Service: Discover offers 100% US-based customer service and direct access to their friendly customer service staff.

Fee Structure: This card does not have any annual fee and the issuer is fair when it comes to late payment fees and over-the-limit-fees.

FICO Scores: Discover will provide you with your free FICO score online and on your monthly statement to help you stay on top of your credit*.

Fraud Protection: Discover monitor's your card every day, and if something looks suspicious they will notify you via e-mail, phone, or text message.  Plus with your Discover card, you're never liable for unauthorized purchases.

Main Disadvantages

Added Perks: Some other cards offer additional travel perks and benefits, which this card does not have. But those perks usually come with an annual fee.

Designed For Better Credit: This card is not designed for those with poor or fair credit scores, so keep this in mind when comparing cards.

Editor's Final Word

The Discover it® card is a fantastic card for those with a strong credit profile who are looking for on-going cash back rewards, good customer service and an attractive introductory period. With no annual fee and low fee structures, this card has very few drawbacks. Plus, Discover is now accepted at more locations around the world than ever before. It's tough to pass up an offer as attractive as this!

To apply for the Discover it®, click here to be redirected to the issuer's website.

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