logo

A Review of the Best Credit Card

Having a good credit score and credit history are incredibly important things to have when it comes to navigating your personal finances. A good score can help prepare for your future, as it'll be significantly easier to take out a personal loan if you have the credit needed for it.

Now, one way to attain and maintain a good credit score is to choose the right credit card. When it comes to credit cards, you'd be hard-pressed to find one better than the Discover it® Cash Back card.

But what about it makes it a better option than the best credit cards out on the market right now? If you want to know the answer to this question, read on as we breakdown what makes the Discover it® Cash Back Card one of the best credit cards you can get.

Why the Discover it® Cash Back Card is Your Best Bet

When it comes to features, the Discover it® card has it all. Only a few cards offer as many comprehensive benefits from the moment you sign-up to the time you pay for your first bill. To give you a better idea of what you'll be signing up for, we've summarized the card's most important features.

The Features of the Discover it® Cash Back Credit Card

Sign-up Bonus

While most cash back cards give a special welcome bonus in the form of cash back rewards, Discover it® Cash Back offers one of the best sign-up bonuses available. This is because they'll match the cash back you've earned via purchases in the first year.

A sign-up bonus like this is an upgrade compared to other cards, as other cards put a limit on their sign-up bonus by limiting it to the first three months from account opening. This is why cards that offer unlimited cashback match for their entire first year pulls ahead of the competition.

Cash Back

One of the biggest perks of having a rewards credit card like the Discover it® Cash Back is its ability to earn cash back at U.S. establishments. Aside from getting cash back, this credit card offers a way for you to earn other rewards when you make purchases. Cardholders have a rewards rate of 5% cashback up to $1500 every quarter.

This cash reward credit card allows cardholders to earn 5% cash back when making purchases at select establishments throughout the year. This will come in handy as you can earn cash back on everyday purchases from these establishments:

  • Grocery stores
  • Restaurants
  • Gas stations

Minimal Fees

Additional fees can be quite troublesome for credit cardholders. Fortunately, the Discover it® Cash Back credit card comes with very few additional fees. You can maximize your savings with their generous policies regarding purchases and balance transfers.

First off, the card boasts no annual fee. This includes an intro APR 0% for the first 14 months on purchases and the balance transfer fee. The card also doesn't charge you extra for foreign transaction fees, making it particularly useful if you travel often.

In addition to this, they also waive your late payment fee on your first late payment. This, along with the lack of a foreign transaction fee, will go a long way when it comes to saving you a sizeable amount of money when you look at things long-term.

Security Features

Credit cardholders are often targeted by cybercriminals. This is why it's noteworthy to mention the Discover it® Cash Back credit card's extensive security features.

For one, it comes with a Social Security Number alert. This feature notifies you if your Social Security Number is compromised or is found on sites on the Dark Web.

If you end up losing your card, you can also freeze your account via the mobile app. This will prevent any purchases, cash advances, and balance transfers until you unfreeze your account. They'll also replace your card and make sure you get your free credit card as soon as possible via their free overnight shipping for lost cards.

The Application Process

Another great thing about the Discover it® Cash Back card is the streamlined application process. All you'll need to do is to provide basic information such as your name, address, and Social Security number.

You'll also need to supply them with financial information so they can gauge your application based on your creditworthiness. To make this process even easier, prepare the following information:

  • Total Gross Income
  • Monthly Housing Payment
  • Housing Status

Do note that this process could also differ depending on where you live as different terms apply depending on the state.

Frequently Asked Questions

What's the difference between a credit and debit card?

The difference between a credit card and a debit card is how your purchases are funded. Debit cards charge the costs to your checking account instantaneously. Credit works differently, as purchases are charged to your line of credit. This allows you to pay at a later date.

How do I apply for a credit card?

The process of applying for a card differs depending on the services provider. For example, if you want to apply for a card from American Express, then you'll have to meet their requirements.

In general, you'll need to be at least 21 years old. However, it is possible to obtain a card if you're 18 years old as long as you have your parent's permission. Another requirement is a Social Security number. Lastly, you'll need a verifiable source of income.

How will this affect my credit score?

While your card won't determine your credit score as it is determined by your credit history, your card's features could either positively or negatively affect your credit score. One aspect that affects your credit score is late credit card payments, thus a card that is flexible with late payments will be better for your credit score.

If you have any more questions about credit cards, you'd be glad to know that we have an entire section dedicated to them. For more on this, check out the credit cards section on Any Credit.

Additional Resources

Credit Reports and Scores Guide

Credit scores can be quite tricky to understand considering you can have different scores depending on the credit reporting agency you choose to go with. This is a helpful guide that can clear things up when you're unsure about certain aspects of your credit and your score.

We hope this review helps you make a more informed decision on how to choose a credit card. If you want to know more about credit cards, contact Any Credit today!

logo
Here at AnyCredit, we aim to make the most complex financial issues and topics easy to understand. In our articles, we will be making analysis, smart finance judgments, and honest conversations to help you make sense of your financial capacities and options.
Copyright © 2021 AnyCredit. All Rights Reserved.