Discover Credit Cards: Three Advantages you may not know about
Even if you don’t own one, you’ve probably heard of Discover credit cards. They’ve been around since 1985, when Sears first introduced them. Today, more than 50 million people own Discover credit cards.
So what is it about Discover that sets it apart from others? There are probably many reasons, but here are just a few:
The chance to earn significant amounts of cash. When it first started, Discover offered its cardholders a chance to earn cash back for using the card. Over the years, that philosophy has evolved quite a bit. Today, you can earn up to 20 percent cash back with some Discover credit cards. To do so, you simply head to the Discover online shopping site and make purchases from one of its participating retailers. Even if you don’t shop at the Discover site, you’ll still be able to earn cash back every time you use your card.
Discover issues its own cards. Two of the industry’s leading brands, Visa and MasterCard, do not actually issue their own cards. These companies have systems set up to take care of card transactions. They then make agreements with various banks, which in turn issue the actual credit cards. Discover, however, operates in a way similar to American Express. The company issues its own cards, which puts it one step closer to you, the cardholder.
No annual fee. Many credit cards, especially those that offer a rewards program, charge an annual fee for using their card. This charge can be a significant amount of money. Discover credit cards, however, come with no annual fee. This allows you to participate in the rewards program without having to pay an annual charge for it.
If you’re shopping for a new credit card, you may find that these advantages will help you out. Before you apply for a Discover card, though, make sure you look through all of the terms and conditions. If these fit your financial needs, then you’re ready to fill out an application and start gathering the rewards.
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Important Notices and Disclosures:
* See the online Discover credit card application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However all credit card information is presented without warranty. When you click on the “Apply Now" button, you can review the credit card terms and conditions on Discover’s website.