Cons

• −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

• −Must activate categories each quarter to earn 5%
• −$1,500 quarterly cap on 5% categories
• −Only 1% on non-bonus spending
• −Discover network has less acceptance than Visa/Mastercard
• −Shorter 6-month intro APR than some competitors

Cons

• −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

• −Must activate categories each quarter to earn 5%
• −$1,500 quarterly cap on 5% categories
• −Only 1% on non-bonus spending
• −Discover network has less acceptance than Visa/Mastercard
• −Shorter 6-month intro APR than some competitors

Cons

• −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

• −Must activate categories each quarter to earn 5%
• −$1,500 quarterly cap on 5% categories
• −Only 1% on non-bonus spending
• −Discover network has less acceptance than Visa/Mastercard
• −Shorter 6-month intro APR than some competitors