Discover isn’t the oldest credit card company, but it’s most certainly a formidable opponent for its competitors. Ever since it introduced the first cash rewards credit card in 1986, Discover has consistently been an award winner – with both consumers and financial boards.
Editor’s Choice[card id=”985473″]
There are no shortage of great reasons for any of the Discover cards to be chosen as the Editor’s Choice, but this Discover card has something for everyone. We took into account a number of things as we made our decision, including rewards programs, cash back bonuses and annual fees.
4 More Competitive Discover Choices[card id=”986468″] [card id=”985478″] [card id=”770990″] [card id=”868123″]
Many people are unaware that Discover actually unveiled the very first cash rewards in the mid-1980s. It remains the number one cash rewards program in the United States and not only that, but Discover is in more households that use cash rewards programs than any other card network. A combination of great customer service – which has been ranked number one in the industry for 16 years – along with a wide selection of consumer credit cards, business credit cards and now, student credit cards, it’s easy to understand why Discover has so many loyal customers.
Benefits of Owning Discover Credit Cards
Of course, the consistent top ranking for customer loyalty is one big reason to consider Discover financial products. It’s more than that, though. The cash back bonuses, ShopDiscover Miles, the security efforts, versatility in card offers – it all comes together to define a company that truly puts its customers first. Most recently, the Discover Network announced better options for college students looking for an affordable way to finance their education; clearly, it’s about building strong communities for this card network.
One reason Discover is such a go-to card is because of its generous 5% cash back on all of your online purchases at the time of the year when consumers are doing a lot of online shopping. The quarterly bonus cash back options are carefully chosen so that they best suit the needs of their customers. These bonuses apply to the first $1,500 spent during the quarter. The online shopping cash back occurring during the fourth quarter is no accident as millions are holiday shopping, nor is it a mistake that the 5% cash back on gas purchases are applicable during the summer months when families are vacationing and when gas prices, historically, are at their highest.
Of course, it’s those rewards programs that are truly the hallmark of the Discover brand. There are a series of co-branded offers, too, which can save money in a number of ways. A leader in fraud prevention and one of the easiest to navigate websites only add to convenience factor.
Cautions of Owning Discover Cards
Frankly, it’s difficult to find any significant past consumer complaints and even then, we’ve not found any trend or widespread complaints. If you do find yourself awaiting a credit on your account, you might want to watch your statement closely. There are times, according to some consumers (and again, there has been no trend that we could find) that it takes 45 days or longer for a credit to appear on a statement. That said, there’s a reason why there’s such high marks for the Discover customer service team. If you run into any problems, it’s been our experience that these professionals are willing to move some mighty big mountains to ensure those high marks are deserved. Our advice, should you run into any problems, is to contact the company and if you don’t get the results you feel are justified, ask to speak with a supervisor.
In a world where the financial sector, both here in the U.S. and on a global level, can be incredibly complicated, there are those companies that rise to the top and Discover is certainly one of beacons of light. Generous rewards programs, versatile credit card options and a sincere willingness to put their customers first, there are plenty of similar companies that could learn something from this winning formula.
Of course, your goal should be to always find the right credit card that meets your needs. Fortunately, there are no shortage of Discover credit cards that can meet your needs at any stage of your life. Whether it’s a co-branded offer you’re looking at close to retirement when you can finally travel or if you’re newlyweds looking for ways to begin your credit history together, there’s a Discover credit card for that.
Have you had any personal experience with Discover Credit Card?