Discover Bank Review: read before applying
There are many financial institution options, which can make it difficult to choose. But, check out this Discover Bank Review, and find out if it might be the right option for you!
by Sabrina Paes
Discover Bank: find hassle-free account options!
Discover is one of the most popular lenders in North America. It has several options of cards and plans to meet all needs. So, checking out the Discover Bank review will help you choose one of them.
Discover’s financial institution has many possible account types. In addition, it offers several card options with cashback above 1%, some with zero fees, and a lower APR rate than many institutions.
If you want a complete banking option with benefits, Discover is the one to offer it. Many card options have zero fees and some benefits according to your goals. Read more.
|Fees*||There are no monthly fees for the checking, savings, and Money Market accounts.|
|Minimum balance*||No minimum deposit for the online savings account.|
|Account options*||You can earn up to 1% cash back with the checking account’s debit card.|
|Investment options*||Online savings account with 2.00% APY and 2.70% APY for 12 months with the Certificate of Deposit option.|
|Other financial products||The checking account offers a debit card with rewards. Also, there is a savings account, money market account, and others.|
Is the Discover Bank legit?
Discover Bank has several reviews on reputable platforms such as Forbes and BankRate. Reviews about their services show that they are legitimate and of good quality.
Other sites also point out user reviews and are listed as positive. In other words, it is an option to be considered for investment.
Discover Bank: how does it work?
Discover Bank is a very versatile lender option that allows you to open a range of accounts as needed. The card options have great ratings and are available for all credit score types.
Fees are generally very competitive with other institutions. The Cashback offered is also above the market as per the card option requested. Check out the pros and cons of this option.
- No requirement for minimum balances for the savings account;
- No monthly fees for the checking, savings, and money market accounts;
- Possibility of paying all bills online;
- Plenty of account types to suit all needs;
- Great availability of ATMs in the country;
- Highly competitive APYs on savings accounts and CDS.
- There are no auto loans available;
- No refunds for ATM fees that are used outside the established network.
Credit scores need to be good?
Generally, a fair credit score of at least 690 is enough to apply for one of the card options. Student cards are the options that require this minimum credit.
Other account options may accept you even with a low score.
Want to apply for a Discover Bank account?
As you can see in this Discover Bank Review, this financial institution can be very advantageous. You can benefit from zero annual fees on most cards and good cashback.
However, you must follow a few steps to apply for a Discover Bank account. Thus, your chances of approval and obtaining the benefits increase. Check out how to apply in our post below!
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