I have spent a lot of time on the channel talking about the discover it credit card and while that
remains one of my favorite beginner credit cards to this day, what you may not know is there are a
lot of different versions of this Credit card. So today let’s make the ultimate comparison of
every single version of the discover it to help you decide which one is the best option
for you. Alright let’s jump right into it. What is going on everyone I hope you are all having a
fantastic day. Before we get into each individual card and their unique features, let me remind you
that every discover it credit card has no annual fee making it a great beginner product and they
all offer the unique Discover match where Discover will match any and all rewards that are earned in
the first year of having this card. And beyond that I will mention that Discover is just as
widely excepted in the US nowadays has major credit card companies like Visa and MasterCard
so while international acceptance is still not as good as some of the other major card providers,
if most of your transactions are in the United States then you shouldn’t have any issues with
Discover. So first and foremost we have the classic discover it cash back credit card which
is probably the card that I’ve talked about the most here on the channel. With this you’re going
to earn 5% back on specific spending categories that change each quarter. Now each of these
categories are capped at $1500 in spending each quarter which means the most you could earn for
these categories in a year is $300 in cash back and while the categories do change each year, they
usually include things like gas stations, grocery stores, restaurants, PayPal, Amazon, and other
major spending categories where you are likely already spending a lot of money. Plus beyond
that $1,500 spending limit each quarter and on all purchases outside of those categories you’re
going to earn unlimited 1% cashback. But keep in mind that all of that is going to be matched at
the end of your first year meaning you’re really getting 10% back on the role in categories and 2%
back on all other purchases in your first year. We’ll cover some of the other niece benefits that
every discovered product offers at the end of the video but the next part is the Discover it student
cash back credit card. This card is essentially identical to the regular cashback card that we
just talked about the only difference is that it is obviously designed for students meaning there
is no credit score required in order to apply and this is actually the first credit card that
I ever got and after I built up a credit score and graduated not only was able to upgrade my discover
it credit card but I was able to get approved for some other more premium credit cards from
other companies. However if you’re not currently a student but you are brand-new to credit or have
damaged credit history then they also offer the discover it secured credit card. If you’re not
familiar with a secured credit card essentially the way this works is you put up a security
deposit which acts as your credit limit. So with a regular credit card you would go ahead and apply
and they would give you a credit limit of lets say $1000 and you would be able to spend up to
1000 bucks and of course have to pay them back the amount that you spend. But with a secured credit
card you actually give the credit card company usually a few hundred dollars upfront and are
able to spend up to that amount. So let’s say you make a security deposit of $500 that means
that you can spend up to $500 on this card and you continue to pay it off just like you would with a
regular credit card but should you ever decide to not pay your bill, the credit card company is able
to keep your security deposit without them losing out on the money that you spent. You can see why
this is a popular option for those who are new to credit or have damaged credit history however
it doesn’t offer nearly as good benefits as the regular cashback card and only currently gives
you 2% back at gas stations and restaurants on up to $1000 in purchases each quarter and
1% unlimited cashback on all other purchases with that same cashback match in your first year. So if
you’re able to qualify for the standard cash back credit card I would definitely go for
that first but if you are denied then you are able to get the secured card at least for a few months,
build up that foundational credit score and then go ahead and upgrade to those better
benefits. Similar to the benefits of the secured card, they also offer the discover it chrome gas
and a restaurant credit card which offers the same 2% cashback at gas stations in restaurants and up
to $1000 in purchases each quarter and 1% back on all other purchases again with that cashback
match at the end of your first year. The only difference here is that the chrome card works
like a standard credit card where you do not have to put up a security deposit in order to
get that credit limit. But again in my opinion the regular cashback card is probably a better choice
even with those roling categories but you’re really wanna take a deep dive into your spending
habits to know for sure. In general though this card is obviously designed for those
that spend a lot of money at gas stations and restaurants so if that is you then the
Chrome card might be the better option over the standard cashback credit card. They also have
a student version of the Chrome card which you guessed it…is exactly the same the only
difference is there’s no credit score required to apply and as you’ve probably noticed by now,
discover really wants to help students learn how to safely use a credit card right out of
the gate and start building your credit score at a young age which is why they have so many products
targeted towards that younger demographic. In fact when I first got this card they had a good
grade reward where you could literally input your GPA into the app and they will immediately give
you a $20 statement credit each semester. I’m not sure if there’s a feature they still offer but if
you do have one of your student focus cards and that’s definitely something I would look into.
We’ve got two products left the first of which is the discover it travel credit card which in place
of cashback is going to earn you miles on every purchase that you can apply to earn free travel.
So this product is fairly basic but it’s gonna give you 1.5 miles or points on every dollar that
you spend without any limits. From there you can redeem them for cash or use them as a statement
credit towards travel purchases on your card. And you guessed it they will even match the miles that
you earn at the end of your first year meaning if you earned 35,000 miles for example that
would instantly become 70,000 miles which has a redemption value of about $700. Now this is cool
and all and I like that Discover expanded into the travel credit card space however because you can
only redeem it directly for cash or as a statement credit towards travel purchases, there’s no way to
get a higher redemption value on those miles or points like there is with a similar card from
Chase or American Express. That’s understandable considering this card has no annual fee but if you
are to the point where you want to get into the travel credit card space then personally this is
not going to be my first choice but that’s just my opinion. And lastly we have what is one of the
most unique credit card products that I’ve ever seen but that would be the discover it NHL credit
card. This one is clearly more of a publicity stunt for Discover than anything and it’s
basically identical to the regular cashback credit card the only difference is that you can get a
design from any of the 32 NHL teams so if you are a huge hockey fan then this might be something
worth looking into. On that note, one of the other benefits of the discover it credit card is
that they have more card designs than any other credit card company I have ever seen. Currently
they have 159 designs that are constantly being updated and range anywhere from your favorite
hockey team to the standard brushed metal look too adorable animals and pretty much everything
in between. Plus ordering a new card design is completely free and in the several years that
I’ve had my discover it credit card I’ve probably ordered like five different designs so while this
has absolutely nothing to do with the use of the product, it is a nice benefit if you care about
what your credit card looks like. So when all is said and done these products are all fairly
similar to each other and for a majority of consumers, the standard discover it cashback
credit card is going to be the best option by far. Yes having to activate those rolling categories
can be a bit inconvenient but I promise it’s not that challenging and is going to offer you
great cashback in places where you’re most likely already spending a lot of money. The
last benefit I want to point out for all discover it credit cards is the unmatched customer support
that Discover has. Currently they offer 24 seven US based customer service that is truly second
to none and of all of the financial products and brands I have used and reviewed over the years,
Discover still remains at the top in terms of customer support. The discover it app is also
fairly easy to use and well it doesn’t have the most sleek in modern design,
it’s definitely a lot better than some of the older card providers like Wells Fargo or Chase
and allows you to do everything you need right from your smart phone including checking your
balance paying off your card in full of course and even monitoring your credit score. If you wanna
check out the discover it credit card I will leave a link for that down below the like button with
my full review but i’d also love to know what do you think of this product in the comment section
and which of the many options Discover has is your favorite. Be sure to check out some of my favorite
financial tools using those links download like button and as always thank you so much
for your time I really do appreciate it so much take it easy and I’ll see you in the next one!