How to Get a Discover Card

If you're considering adding a Discover card to your wallet, you're joining millions of consumers who appreciate its customer service, rewards, and distinctive features. This comprehensive guide will walk you through the process of obtaining a Discover card, detailing the types of cards available, eligibility criteria, application process, and tips on maximizing card benefits.

Understanding Discover Card Types

Discover offers a range of credit cards designed to meet various financial needs. Here are the main categories:

Cashback Credit Cards

Discover is renowned for its generous cashback programs. These cards offer cash back for purchases in certain categories or on all spending.

1. Discover it® Cash Back:

   • Offers 5% cash back in rotating categories each quarter like grocery stores, gas stations, and restaurants, up to a quarterly maximum after activation.
   • Unlimited 1% cash back on all other purchases.

2. Discover it® Chrome:

   • 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter.
   • 1% on all other purchases automatically.

Travel Credit Cards

These cards are tailored for travelers, offering rewards and benefits related to travel expenses.

1. Discover it® Miles:
   • Earn unlimited 1.5x Miles for every dollar spent on all purchases.
   • No blackout dates or travel restrictions.

Student Credit Cards

Specially designed for those new to credit, typically offering rewards and no annual fees.

1. Discover it® Student Cash Back:

   • 5% cashback on rotating categories after activation.
   • Unlimited 1% cash back on all other purchases.

2. Discover it® Student Chrome:

   • 2% cash back at gas stations and restaurants up to $1,000 in combined purchases each quarter.
   • 1% cash back on all other purchases.

Secured Credit Cards

Ideal for those looking to build or rebuild credit history.

1. Discover it® Secured Credit Card:
   • 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter.
   • 1% on all other purchases automatically.

Business Credit Cards

Although Discover has limited offering for business credit cards, they cater to small business needs with competitive rewards structures.

Eligibility Requirements

Before applying, ensure you meet Discover's requirements:

1. Credit Score:

   • General credit cards prefer a fair to excellent credit score (650 and above).
   • Secured cards are more lenient and suitable for those with limited or damaged credit histories.

2. Age and Residency:

   • Must be at least 18 years old.
   • Must have a valid Social Security Number.
   • Legal residency in the U.S. is typically required.

3. Income:

   • You must have a verifiable income source to show your ability to manage credit repayments.

4. Credit History:

   • A positive credit history without recent bankruptcies or unpaid debts improves your chances.

Application Process

The process to get a Discover card is relatively straightforward. Follow these steps to apply:

Step-by-Step Application

1. Research and Choose:

   • Review the card options and select the one that best meets your needs. Consider your spending habits and financial goals.

2. Gather Necessary Information:

   • Ensure you have your personal information ready, such as your full name, address, Social Security Number, income details, and employer information.

3. Online Application:

   • Visit Discover's official website and navigate to the credit card section. Click on the card of your choice and hit 'Apply Now.'
   • Alternatively, you can apply over the phone by calling Discover's customer service.

4. Complete the Application:

   • Fill out the application form accurately and completely. Double-check for errors to avoid processing delays.

5. Submit and Await Response:

   • After submitting the application, you'll generally receive a response within seconds to a few minutes. In some cases, additional verification might be required.

6. Consider Pre-qualification:

   • Discover offers a pre-qualification process, allowing you to check your likelihood of approval without affecting your credit score.

Receiving and Activating Your Card

Once approved, your new Discover card will be mailed to you within 7-10 business days. Upon receiving it, follow these steps to activate:

1. Activation Process:

   • You can activate your Discover card online by logging into your account or via Discover's customer service phone line.

2. Set Up Your Online Account:

   • Establish your Discover online account to manage your card, view statements, make payments, and track rewards.

Maximizing Discover Card Benefits

To fully enjoy the benefits of your Discover card, consider these strategies:

Utilizing Cashback and Rewards

1. Enroll in Rotating Categories:

   • Activate bonus categories each quarter to earn 5% cash back on designated spending, such as grocery or entertainment.

2. Plan Big Purchases:

   • Consider timing large expenditures to align with high-reward quarters.

3. Continuous Usage:

   • Use your Discover card for everyday purchases to accumulate rewards.

Financial Management

1. Pay On Time:

   • Avoid late fees and interest charges by paying your balance on time each month.

2. Monitor Credit Utilization:

   • Keep your credit utilization ratio low to improve your credit score over time.

3. Set Up Alerts:

   • Use Discover's alert system to track spending, due dates, and account changes for better financial oversight.

Special Discover Offers

Discover periodically provides promotional offers like match bonuses or introductory APRs on balance transfers and purchases. Keep an eye on these promotions to maximize your card’s value.

Comparison Table: Discover Card Options

Frequently Asked Questions

What is the minimum credit score for a Discover card?

The minimum credit score typically considered is 650; however, secured cards don’t rely as heavily on your credit score.

How does Discover's Cashback Match work?

For the first year as a cardholder, Discover matches all the cashback you've earned dollar-for-dollar.

Are there international transaction fees with Discover cards?

Most Discover cards do not charge international transaction fees, but it’s wise to verify this under individual card terms.

How can I check my application status?

You can check the status of your application online or by calling Discover’s application status phone line.

Achieving financial benefits through a Discover card is a wise choice for many consumers. The right card paired with strategic spending can lead to significant rewards and a robust credit history.