discover credit card foreign transaction fee

#DISCOVER CREDIT CARD FOREIGN TRANSACTION FEE HOW TO#

It offers 2% cash back on restaurant and gas station purchases (up to $1,000 in combined spending per quarter, then 1%) and 1% 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, it may be hard to truly maximize rewards with this card depending on the categories offered. In 2023, the categories are as follows: Discover it ® Cash Back Bonus Calendar 2023 Winterĭiscover previously announced the entire cash back calendar in advance, making it easier for cardholders to plan their year, but now only announces the featured categories quarterly. With the Discover it ® Cash Back card, you’ll earn 5% cash back in rotating categories that you must activate each quarter (up to $1,500 in purchases per quarter, then 1%).

#DISCOVER CREDIT CARD FOREIGN TRANSACTION FEE HOW TO#

See Related: How to transfer a balance to a Discover credit card Rotating bonus categories Just be sure not to charge more than you can pay off in the introductory period – or you’ll end up paying interest that will cut into your rewards earnings. If you have a balance to pay down – or want to be able to finance a large purchase over time without racking up interest – the Discover it ® Cash Back balances these two prospects. But on the downside, it has a shorter introductory period for new purchases. It boasts the same cash back rate as the Discover it ® Cash Back, but offers a lengthier intro APR on balance transfers. While this offer is one of the longer balance transfer periods available, cardholders looking for the best balance transfer offer might be better off opting for the Discover it® Balance Transfer instead. (Note the 3% fee is an introductory rate, and you can pay up to 5% on future balance transfers. Just keep in mind you’ll have to pay a 3% intro 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. The Discover it ® Cash Back offers a 15-month 0% intro APR ( 17.24% - 28.24% Variable APR thereafter) on purchases as well as balance transfers. Intro APR offers on both purchases and balance transfers 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% cash back 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 your bonus category purchases, you can still bring in $300 in the first year on bonus purchases alone (which is then matched by Discover at the end of your first year for a total of $600). 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 your first year. Flexible redemption options, a generous sign-up bonus and intro APR offers are just a few notable features. There are more than a few reasons why the Discover it ® Cash Back should be on your list of cash back cards to consider. Why you might want the Discover it ® Cash Back

Discover is not accepted as widely as Mastercard or Visa, which could limit your usage.The high cash back rate is limited to $1,500 in combined purchases per quarter.Enrollment is required each quarter to benefit from the latest bonus category, so you have to stay on top of your spending in order to maximize reward earnings.

Discover credit card foreign transaction fee