Discover it® Credit Card Review

There’s a lot to like about the Discover it® credit card: Cash back, a 0% into APR for up to 18 months, free FICO score monitoring, and 24/7 U.S.-based customer service.

The Discover it® credit card is ideal for young consumers with good credit because it pays rewards on everyday spending and features low intro APRs.The Discover it® credit card combines cash back on everyday purchases, a free FICO® credit score with your monthly statement, and competitive intro and regular APRs.

Who “it” is for:

Discover it® is a multi-purpose card for consumers who want to earn cash rewards with every purchase but also may want to take advantage of a 0 percent intro APR on purchases or balance transfers.

If you’re looking for a card for shopping with great cash back rewards, the it® card:

  • Pays 5 percent cash back on quarterly categories, on up to $1,500 in spending.
  • Pays 1 percent cash back on all other purchases.
  • Provides other ways to maximize, rewards. For example, the ShopDiscover online bonus mall will offer cash back bonuses at places like Expedia (5 percent) or Nordstrom (10 percent).

If you’re working on paying down a balance, you have two options with Discover it®:

(With both cards, a 3 percent balance transfer fee applies.)

Regular APRs on the Discover it® credit card vary from 10.99 to 22.99 percent depending on creditworthiness.

Why I like “it”:

Beyond Discover’s competitive rewards and APRs, I enjoy their refreshing approach to customer service and features.

24/7 U.S.-based customer service

Discover is the only major credit card company to offer 100 percent U.S.-based customer service 24/7. No more frustrating calls with India.

Free FICO score with every statement

Being a card carrier gives you access to a complimentary monthly FICO® score which can be beneficial for even the most cautious credit user.

For example, I once went six months without knowing an overdue electric bill had gone to collections….two years after moving. Had I been actively monitoring my credit, I would have been able to act sooner and might have saved my score from a 100-point hit. It hurts to know that a $120 bill to Western Massachusetts Electric has cost me access to better credit options. Hence, I jump at the option for free monitoring when I can (also remember to pull you free report each year from all three agencies) and recommend that you do, as well.

Late payment forgiveness

Another great feature of the it card is Discover’s policy for late payment forgiveness. You’ll still pay a late fee, but you won’t see your APR jump to 29 percent for blanking on your payment date once. Of course, we recommend automating your finances to avoid ever needing to take advantage of this policy, but it doesn’t hurt to have it available.

FreezeIt fraud protection

New in April 2015, the FreezeIt feature acts like an on/off switch on your Discover card that lets you prevent new purchases, cash advances and balance transfers. For example, let’s say you’re out one Friday night, pay for dinner, and walk out of the restaurant with your card still on the table. You can freeze your card until you retrieve it, then unfreeze your account when you get it back — this is handled in seconds via Discover’s website or mobile app, so there’s no need to call customer service.

With all these features combined, Discover it® earns its place as one of our most recommended credit cards for young adults. (Keep in mind, you’ll need good credit to get approved, of course.)

Learn more

Learn more or apply for:

Each application page features more information on rewards and rates, as well as a chart that compares Discover it® to other leading cash rewards cards.

About Jamie Weliver

Jamie Weliver is a Boston-based multimedia producer and Marketing Manager for Money Under 30.