Discover has made no main announcement as of but, however trying on its Web page we see that it’s selling a brand new flagship card, the Discover It bank card. The cardboard is an actual improve from the previous Discover Extra card, as a result of it affords a flat 1% money again on all purchases, plus the chance to earn 5% money again on sure spending classes every quarter. Beforehand, Discover’s Cashback Bonus had a really convoluted system that promised “as much as” 1% money again, however in actuality gave solely 0.25% on purchases till you spent no less than $3000 through the yr.
As well as, the brand new Discover It bank card is promising no late payment on your first late bank card cost, plus no over-the-limit payment, and no enhance in your card’s rate of interest when you pay late.
None of that is notably revolutionary within the bank card market, however it marks a way more beneficiant set of phrases and rewards from Discover.
To our dismay, the Discover It card will nonetheless power you to enroll every quarter to get the particular 5% money again affords for that quarter as an alternative of merely giving them to you mechanically. We can’t show it to be true, however this undoubtedly provides cardholders the sensation that Discover doesn’t actually need you to get the 5% reward in these classes. We might love to listen to from Discover on this level.