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Discover has been a prominent name in the credit card industry, known for its cash back rewards, low fees, and customer-friendly policies. In 2023, the best Discover credit cards continued to offer a range of benefits, including cashback, travel rewards, and unique perks.
Here are some of the top Discover cards that were highly regarded:
Best Discover Credit Card 2023 Reviews
Discover it Cash Back
Best for bonus cash back
On Discover’s website Rates & Fees
The Discover it Cash Back is similar to the Chase Freedom Flex℠ in that it lets you earn 5% cash back on up to $1,500 spent each quarter in bonus categories once activated (then 1%) (from October 1 to December 31, 2023, you can earn 5% cash back at Amazon.com and Target on up to $1,500 in purchases after enrollment, then 1%).
Discover has released its cash back calendar through the third quarter of 2023. From July 1 to September 30, 2023, the categories are gas stations and digital wallets.
New cardholders also get a 0% intro APR for 15 months on purchases and balance transfers (then a 17.24% – 28.24% Variable APR), which can save some cash if you want to spread out payments for large purchases .
Discover it Miles
Best for travel
On Discover’s website Rates & Fees
The Discover it® Miles keeps things simple by earning 1.5 miles for each dollar you spend, and remember that all your miles will be matched after the first year. From there, you can redeem them for travel purchases charged to your card at a rate of 1 cent per mile.
You can also redeem miles for cash back or statement credits to cover other charges made to your card, so you aren’t tied down to just travel redemptions. There is no annual fee to keep this card, and you can get access to your FICO score for free on your monthly statements.
The Discover it® Miles also comes with a 0% intro APR for 15 months on purchases and balance transfers, followed by a 17.24% – 28.24% Variable APR.
Discover it Chrome Card
Best for gas and dining
On Discover’s website Rates & Fees
If you’re looking for a Discover card and spend a lot at gas stations and restaurants, the Discover it® Chrome is worth considering. Cardholders earn 2% cash back on their first $1,000 in combined purchases at gas stations and restaurants each quarter (then 1%), and all other purchases earn 1% back, with no limits or bonus categories to keep track of.
Keep in mind there are cards from other issuers, like the Wells Fargo Active Cash® Card, that earn 2% cash rewards on purchases.
Discover also issues the Discover it® Student Chrome, which has similar benefits to the Discover it® Chrome. However, because it’s designed for college students, it can be easier to get approved with fair credit or limited credit history.
Like other Discover cards, the Discover it® Chrome offers a Cashback Match™ after the first 12 months of opening the account. New cardholders can take advantage of a 0% intro APR for 15 months on purchases (then a 17.24% – 28.24% Variable APR). You can find out all the details in our Discover it® Chrome review.
Discover it Student Cash Back
Best for students
On Discover’s website Rates & Fees
The Discover it Student Cash Back is basically a student version of the Discover it Cash Back. You’ll earn the same 5% cash back on up to $1,500 spent in rotating quarterly bonus categories after activation, then 1%. You’ll also earn 1% cash back on everything else you buy (from October 1 to December 31, 2023, you can earn 5% cash back at Amazon.com and Target on up to $1,500 in purchases after enrollment, then 1%).
There aren’t many student credit cards that come with an introductory APR, but the Discover it Student Cash Back offers a 0% intro APR for six months on purchases, followed by a 18.24% – 27.24% Variable APR. You might want to take advantage of this if you have big expenses, like textbooks or dorm decor, that you can’t pay off all at once.
Discover it Secured Card
Best for lower credit scores
On Discover’s website Rates & Fees
Where many secured credit cards charge annual fees, application fees, and other fees, the Discover it® Secured Credit Card doesn’t charge any fees. You do have to put down a cash deposit to get started, but your deposit is fully refundable provided you close your account in good standing.
You’ll also earn 2% cash back on the first $1,000 spent in combined purchases at gas stations and restaurants each quarter (then 1%), as well as 1% back on everything else you buy. Like other rewards from Discover, you can earn unlimited cash back that never expires and redeem it for cash back, statement credits, and gift cards.
You can get free access to your FICO score on your credit card statement each month, which can help you monitor and improve your credit over time. Further, you won’t pay a late fee on your first late payment, and there aren’t any over-the-limit fees with this card, either. Automatic reviews start at seven months to see if Discover can transition you to an unsecured line of credit and return your deposit.
Discover it Balance Transfer
Best for balance transfers
On Discover’s website Rates & Fees
If you’re carrying high-interest balances on other credit cards, it can make sense to transfer your balance to a card with a 0% introductory APR on balance transfers. The Discover it® Balance Transfer is one of only a handful of cards that offers a long intro 0% APR period and earns substantial rewards.
New cardholders receive a 0% intro APR on balance transfers for 18 months and on purchases for six months (after that, there’s a 17.24% – 28.24% Variable APR) — and the card offers a generous cash-back rewards structure. You’ll earn 5% cash back in popular rotating quarterly bonus categories after enrollment, on up to $1,500 in combined spending (then 1%), and 1% back on all other purchases (from October 1 to December 31, 2023, you can earn 5% cash back at Amazon.com and Target on up to $1,500 in purchases after enrollment, then 1%).The card offers the same Cashback Match™ program as other Discover cards.
The appeal of Discover credit cards often lies in their straightforward rewards structure, lack of annual fees on most cards, and excellent customer service. Additionally, Discover has garnered praise for its user-friendly mobile app and innovative security features, including free Social Security number alerts and the ability to freeze your account instantly if your card is misplaced.
Discover has also been known for its commitment to customer satisfaction, offering U.S.-based customer service representatives available around the clock to assist cardmembers.
However, the specific benefits, terms, and features of these cards might have changed after my last update. I highly recommend checking Discover’s official website or contacting their customer service to get the most up-to-date information about their credit card offerings and their respective benefits in 2023.
Before applying for any credit card, it’s crucial to assess your spending habits, financial goals, and creditworthiness to determine which card aligns best with your needs. Always read the terms and conditions thoroughly to understand the rewards structure, interest rates, fees, and any limitations that may apply.
Conclusion
In conclusion, Discover has been a prominent player in the credit card market, offering a range of cards catering to different lifestyles and financial situations. The best Discover credit card for you in 2023 would depend on your spending habits, whether you prioritize cashback, travel rewards, building credit, or other specific benefits. Always do your research and compare different options to find the card that aligns best with your financial goals and preferences.
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frequently asked questions (FAQs)
What are the best Discover credit cards available in 2023?
Discover offers various credit cards tailored to different needs, including cashback, travel rewards, and student cards. Some of the top options in 2023 include the Discover it® Cash Back, Discover it® Miles, Discover it® Secured, and Discover it® Student Cash Back cards.
How can I choose the best Discover credit card for my needs?
Consider your spending habits, lifestyle, and financial goals. If you prefer cashback, the Discover it® Cash Back might be suitable. For travel rewards, the Discover it® Miles could be a good fit. Students may benefit from the Discover it® Student Cash Back card, while individuals looking to build credit might opt for the Discover it® Secured card.
What are the benefits of Discover it® Cash Back?
The Discover it® Cash Back card offers rotating quarterly bonus categories that earn 5% cashback, along with 1% on all other purchases. Discover matches all cashback earned in the first year for new cardmembers. There’s also no annual fee.
How does the Discover it® Miles card work?
With the Discover it® Miles card, users earn unlimited 1.5x miles on all purchases. Additionally, Discover matches all the miles earned at the end of the first year for new cardmembers. These miles can be redeemed for travel expenses, statement credits, or cash back.
Can students benefit from Discover’s credit cards?
Yes, Discover offers credit cards designed specifically for students, such as the Discover it® Student Cash Back card. These cards typically offer rewards on everyday purchases and often include features like good grade rewards and a credit education tool.
Is the Discover it® Secured card a good option for building credit?
Absolutely. The Discover it® Secured card is ideal for individuals looking to establish or rebuild their credit. It requires a security deposit and offers cashback rewards, helping users demonstrate responsible credit behavior.
