Annual Fee

Welcome Bonus

Base Earn Rate

Top Earn Categories

Network

Key Benefits

Pros

• +Industry-leading 18-month 0% intro APR on balance transfers
• +6-month 0% intro APR on purchases
• +No annual fee
• +Cashback Match doubles all cash back earned in the first year
• +No late payment fee on first occurrence

• +Cashback Match doubles ALL rewards earned in first year - unlimited
• +5% cash back on rotating quarterly categories (up to $1,500 spend/quarter)
• +No annual fee ever
• +No foreign transaction fees (rare for no-AF cards)
• +0% intro APR for 15 months on purchases and balance transfers

Cons

• −Only 1% cash back on all purchases (lower than category cards)
• −3% balance transfer fee applies
• −Discover network has more limited merchant acceptance than Visa/Mastercard
• −No bonus categories for elevated earning
• −Variable APR of 17.49%-26.49% after intro period ends

• −Discover network has lower acceptance than Visa/Mastercard, especially internationally
• −Must activate 5% categories each quarter or earn only 1%
• −$1,500 quarterly cap on 5% categories limits high spenders
• −After year one, effective earn rate drops significantly
• −Base rate of 1% on non-bonus spending is below flat-rate alternatives

Annual Fee

Welcome Bonus

Base Earn Rate

Top Earn Categories

Network

Key Benefits

Pros

• +Industry-leading 18-month 0% intro APR on balance transfers
• +6-month 0% intro APR on purchases
• +No annual fee
• +Cashback Match doubles all cash back earned in the first year
• +No late payment fee on first occurrence

• +Cashback Match doubles ALL rewards earned in first year - unlimited
• +5% cash back on rotating quarterly categories (up to $1,500 spend/quarter)
• +No annual fee ever
• +No foreign transaction fees (rare for no-AF cards)
• +0% intro APR for 15 months on purchases and balance transfers

Cons

• −Only 1% cash back on all purchases (lower than category cards)
• −3% balance transfer fee applies
• −Discover network has more limited merchant acceptance than Visa/Mastercard
• −No bonus categories for elevated earning
• −Variable APR of 17.49%-26.49% after intro period ends

• −Discover network has lower acceptance than Visa/Mastercard, especially internationally
• −Must activate 5% categories each quarter or earn only 1%
• −$1,500 quarterly cap on 5% categories limits high spenders
• −After year one, effective earn rate drops significantly
• −Base rate of 1% on non-bonus spending is below flat-rate alternatives

Annual Fee

Welcome Bonus

Base Earn Rate

Top Earn Categories

Network

Key Benefits

Pros

• +Industry-leading 18-month 0% intro APR on balance transfers
• +6-month 0% intro APR on purchases
• +No annual fee
• +Cashback Match doubles all cash back earned in the first year
• +No late payment fee on first occurrence

• +Cashback Match doubles ALL rewards earned in first year - unlimited
• +5% cash back on rotating quarterly categories (up to $1,500 spend/quarter)
• +No annual fee ever
• +No foreign transaction fees (rare for no-AF cards)
• +0% intro APR for 15 months on purchases and balance transfers

Cons

• −Only 1% cash back on all purchases (lower than category cards)
• −3% balance transfer fee applies
• −Discover network has more limited merchant acceptance than Visa/Mastercard
• −No bonus categories for elevated earning
• −Variable APR of 17.49%-26.49% after intro period ends

• −Discover network has lower acceptance than Visa/Mastercard, especially internationally
• −Must activate 5% categories each quarter or earn only 1%
• −$1,500 quarterly cap on 5% categories limits high spenders
• −After year one, effective earn rate drops significantly
• −Base rate of 1% on non-bonus spending is below flat-rate alternatives