January 09, 2018

Three Discover It® Credit Cards Recognized in Nerdwallet’s 2018 Best-of Awards

Riverwoods, IL, Jan. 9, 2018 – The Discover it® Card, Discover it® Card for Students and Discover it® Secured Card were named among the best credit cards for 2018 as part of NerdWallet’s annual Best-of Awards Program. This marks the second year in a row that Discover has received a NerdWallet Best-of Award and has been included on its annual 10 Best Credit Cards list.

NerdWallet recognized the flagship Discover it Card as the Best Bonus Category Cash Back Card for its generous Cashback MatchTM program1 for new cardmembers and quarterly rotating 5 percent Cashback Bonus® categories on up to $1,500 in purchases each quarter when activated. The Discover it Card for Students ranked as the Best College Student Card for offering the same rewards structure as Discover’s non-student cards. The Discover it Secured Card was named the Best Card for Building Credit due to its automatic review of cardmembers’ accounts after eight months to see if they qualify for an unsecured line of credit2.

“Discover is committed to offering industry-leading credit card options that meet a wide range of financial needs, whether for those who are new to credit or looking to rebuild their credit, or for those who want to maximize their ability to earn rewards,” said Kate Manfred, Discover’s senior vice president of brand and consumer insights. “This recognition from NerdWallet really hits home because it shows that we are delivering on our commitment to serve a variety of different consumer wants and needs. Put that together with great customer service, strong rewards and innovative security features and we feel really good about our position in the marketplace.”

Features of the three Discover cards recognized by NerdWallet’s 2018 Best-of Awards include:

  • Discover it Card : Discover’s flagship cashback rewards card features no annual fee3 and 5 percent cash back in quarterly rotating categories such as gas stations, grocery stores, whole sale clubs and more – on up to $1,500 in purchases each quarter when activated. Cardmembers also earn unlimited 1 percent cash back on all other purchases.
  • Discover it Card for Students : The student version of Discover’s flagship cashback card features no annual fee, 5 percent cash back in quarterly rotating categories, including gas stations and restaurants, among others – on up to $1,500 in purchases each quarter when activated. Cardmembers also receive unlimited 1 percent cash back on all other purchases. Plus, cardholders can get an additional $20 cash back each school year if their GPA is 3.0 or higher, for up to five years4.
  • Discover it Secured Card : Designed for those looking to build or rebuild their credit, the Discover it Secured Card offers 2 percent cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter. The card, which requires a minimum security deposit of $200, offers unlimited 1 percent cash back on all other purchases, all with no annual fee. The card reports to the three major credit bureaus and automatic monthly reviews start at eight months to see if cardmembers can be transitioned to an account with no security deposit.

“NerdWallet is happy to recognize several Discover credit card products in our 2018 Best-of Awards for the second consecutive year,” said Kevin Yuann, vice president and general manager of the Credit Product Group at NerdWallet. “Discover’s ability to provide products designed for a range of consumer spending profiles, while also offering generous reward structures, are just some of the reasons why Discover’s products are consistently industry front-runners.”

To read more about Discover’s award-winning products that were recognized in NerdWallet’s 2018 Best-of Awards, go to .

Other Discover cardmember benefits include:

  • Cashback Match – only Discover automatically matches all the cash back cardmembers earn at the end of their first year
  • 24/7 live, U.S.-based customer service
  • $0 Fraud Liability Guarantee means cardmembers are never responsible for unauthorized purchases on their Discover card
  • Ability to redeem rewards for cash in any amount and at any time; plus, cashback never expires5
  • Freeze It® – an on/off switch that enables cardmembers to freeze their account in seconds using the Discover mobile app or website if they misplace their card to prevent new purchases, cash advances and balance transfers6

For more information about the Discover’s credit card products, visit .

About NerdWallet’s 2018 Best-of Awards

NerdWallet’s editorial team selects the best cards in each category based on overall consumer value. Factors in their evaluation include fees, promotional and ongoing annual percentage rates (APRs), and sign-up bonuses; for rewards cards, they consider earning and redemption rates, redemption options and redemption difficulty. A single card is eligible to be chosen in multiple categories.

NerdWallet offers consumers clarity for all of life's financial decisions. Whether it's regarding credit cards, insurance, loans or investing, people lack the clear, unbiased information they need to make the best choice. With NerdWallet, consumers have free access to user-friendly tools and advice that save time and money, and give them the freedom to do more. For more information, visit .

About Discover

Discover Financial Services (NYSE: DFS) is a direct banking and payment services company with one of the most recognized brands in U.S. financial services. Since its inception in 1986, the company has become one of the largest card issuers in the United States. The company issues the Discover card, America's cash rewards pioneer, and offers private student loans, personal loans, home equity loans, checking and savings accounts and certificates of deposit through its direct banking business. It operates the Discover Network, with millions of merchant and cash access locations; PULSE, one of the nation's leading ATM/debit networks; and Diners Club International, a global payments network with acceptance in more than 185 countries and territories. For more information, visit .

Media Contact
Jeremy Borling

Discover Financial Services

1Only from Discover, as of November 2017. No purchase minimums. After the first 12 consecutive billing periods that your new account is open, we will match all of the cash back rewards you've earned and apply them to your account in the following one or two billing periods. If your account is closed or no longer in the cash back reward program at the time we calculate your potential award, your cash back will not be matched. You've earned cash back rewards when they have posted to your account by the end of the 12th consecutive billing period. This promotional offer may not be offered in the future. This exclusive offer is available only to new cardmembers.

2Discover refunds deposits two ways: 1) Automatic monthly reviews start at 8 months to see if your account qualifies to “graduate” after showing responsible use of all your credit over time, or 2) When you close your account and pay in full we will return the security deposit to you, which can take up to two billing cycles plus ten days. See other issuers’ terms for their details.

3 Intro purchase APR is 0% for 14 months from date of account opening; then the standard purchase APR applies. Intro Balance Transfer APR is 0% for 14 months from date of first transfer, for transfers under this offer that post to your account by April 10, 2018; then the standard purchase APR applies. Standard purchase APR: 12.24% variable to 24.24% variable, based on your creditworthiness. Cash APR: 26.24% variable. Variable APRs will vary with the market based on the Prime Rate. Minimum interest charge: If you are charged interest, the charge will be no less than $.50. Cash advance fee: Either $10 or 5% of the amount of each cash advance, whichever is greater. Balance transfer fee: 3% of the amount of each transfer. Annual Fee: None. Rates as of December 29, 2017. We will apply payments at our discretion, including in a manner most favorable or convenient for us. Each billing period, we will generally apply amounts you pay that exceed the Minimum Payment Due to balances with higher APRs before balances with lower APRs as of the date we credit your payment.

4Good Grade Reward only available to new cardmembers on or after 7/23/2015 who indicate on their application that they are currently enrolled in college, and whose accounts are current and remain open when the Good Grade Reward is requested. Students with a Discover it® or Discover it® Chrome card who have a GPA of 3.0 or higher (or equivalent) during a School Year (September - August) may apply at for a $20 Cashback Bonus ("Good Grade Reward"). One Good Grade Reward per School Year, per account, up to a maximum of five (5) consecutive years from the date your account is opened. Terms of Good Grade Reward Offer are subject to change.

5Discover will credit your account with your cash back bonus balance if your account is closed or has not been used in 18 months. See rewards terms and conditions.

6When you freeze your account, Discover will not authorize new purchases, cash advances or balance transfers. However, some activity will continue, including bills that merchants mark as recurring, as well as returns, credits, dispute adjustments, payments, Discover protection product fees, other account fees, interest, rewards redemptions and certain other exempted transactions.