Discover Surpasses American Express in Credit Card Customer Satisfaction

Discover Surpasses American Express in Credit Card Customer Satisfaction

August 16, 2018         Written By Lynn Oldshue

Discover inched past American Express in the 12th annual U.S. Credit Card Satisfaction Study from J.D. Power. Discover earned the highest customer satisfaction rating among credit card providers, surpassing AmEx by just six points.

The credit card companies are ranked on a 1,000-point scale using six factors: interaction, credit card terms, communication, benefits and services, rewards, and key moments. J.D. Power surveyed over credit cardholders from September 2017 and May 2018. Discovered earned a score of 836, compared to 830 from American Express and 806 for Barclays US.

Top Features :No annual fee; $150 statement credit after spending $1,200 in first 90 days; 0% on Purchases for 12 months

Wells Fargo ranked among the lowest banks in customer satisfaction, outranking only Synchrony Financial and Credit One Bank. Wells Fargo earned a score of 777, likely due to the series of alleged scandals that have been uncovered over the last few years.

Discover and AmEx have consistently competed for the top spot in the study. In 2016, Discover ranked on top, but American Express pushed ahead last year.

Rewards were the driving force in customer satisfaction. Cardholders with rewards cards reported significantly higher satisfaction rates than those without rewards. Cards with understandable rewards programs ranked the highest. More than one-third (36%) of respondents said they did not understand their credit card rewards program. Those who did spent an average of $307 more per month on their credit cards.

Another draw was the availability of free credit scores, something Discover has offered for over two years.

The information contained within this article was accurate as of August 16, 2018. For up-to-date
information on any of the terms, cards or offers mentioned above, visit the issuer's website.


About Lynn Oldshue

Lynn Oldshue has written personal finance stories for for twelve years. She majored in public relations at Mississippi State University.
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