Discover foreign transaction fee how to#
Discover foreign transaction fee full#

While this is one of the longer balance transfer periods available, cardholders who are looking for the best balance transfer offer might be better off opting for the Discover it® Balance Transfer instead.

Discover foreign transaction fee how to#

See Related: How to transfer a balance to a Discover credit card (Note the 3 percent fee is an introductory rate, and you can pay up to 5 percent on future balance transfers.) Just keep in mind you’ll have to pay a 3 percent balance transfer fee. If you are hoping to pay off some debt without sacrificing a great rewards program, the Discover it Cash Back can be a great choice for you.

Cardholders can enjoy a 0 percent intro APR on balance transfers for the first 15 months (13.49% to 24.49% variable APR thereafter). In addition to a generous rewards rate, the Discover it Cash Back comes with a lengthy balance transfer offer. If you meet a $5 threshold, you also have the ability to redeem for gift cards (ranging from $5 – $200 in $5 increments).

There is no minimum amount required to redeem and you can opt for a statement credit, direct deposit into your bank account, a donation to charity or for payment at. Once you’ve racked up rewards with the Discover it Cash Back, you have several different redemption options. No annual fee cash back cards that offer a more traditional bonus can’t bring home quite as much, even with varying rewards rates. Plus, there is no limit to the 1 percent cash back that you earn on general purchases.Įven if you don’t max out the bonus category limit each quarter, we estimate the average spender will bring home $502 in the first year with the Discover it Cash Back card. If you max out the quarterly purchase limit on 5 percent bonus category purchases, you can still bring in $600 in the first year on bonus purchases alone. This is an incredibly lucrative offer, even for a more moderate spender. Rather than a flat cash bonus, the Discover it Cash Back includes a unique introductory offer for new cardholders – it matches the cash back you earn at the end of the first year. It offers 2 percent cash back on restaurant and gas station purchases (on up to $1,000 in combined spending per quarter) and 1 percent cash back on general purchases. Tip: If enrolling in and keeping track of rotating bonus categories is too much for your schedule, the Discover it® chrome is a good alternative.

Additionally, if you have an authorized user on your account, the purchase limit applies to the total purchases among cards on your account (they won’t get an individual $1,500 quarterly limit). While Discover’s categories are typically varied and practical, depending on the categories offered, it may be hard to truly maximize rewards with this card.

Discover foreign transaction fee full#

By staying on top of activating rotating categories and shifting your spending to take advantage of the full bonus limit each quarter, we estimate Discover it Cash Back cardholders can bring in an average of 1.58 percent cash back.

Digital wallets (Apple Pay, Google Pay, Samsung Pay, and Garmin Pay)įor the last couple years, Discover has announced its entire cash back calendar in advance, making it easier for cardholders to plan their year.

In 2022, the categories are as follows: Discover it Cash Back Bonus Calendar 2022 Winter With the Discover it Cash Back card, you’ll earn 5 percent cash back in rotating categories that you must activate each quarter (up to $1,500 in purchases per quarter, then 1%).

Discover not accepted as widely as Mastercard or Visa.

5% cash back is limited to $1,500 in combined purchases per quarter.