Discover to expire consumer cards, releases Discover it Card

By on December 28, 2012

We have a big announcement in the credit card space folks. Discover has decided that they will be expiring their current consumer AND student card offers, and replacing them with one new offer, designated the “Discover it Card.” The new “it Card” offer will include a regular consumer version as well as a college student version. While the new card isn’t set to go live until January 2nd, this will be your last chance to apply for any of the current Discover offers. It seems as though Discover wants to ring in the new year on a fresh note.

I currently have the Discover® More Card, which I will never be canceling. It provides me with unmatched flexibility in that its rotating categories offer 5% cash back throughout the year. Read my post about why I’m so fond of this card.

While on the surface these deactivations may seem like a disappointment, Discover has found a nifty way to combine their old benefits into one solid credit card. Here’s what we can expect from the Discover it Card.

Discover it™ Card

The new Discover it card is out to change the way people think about credit cards.
Fair…No annual fee. No overlimit fee. No foreign transaction fee & no pay-by-phone fee. No late fee on your first late payment. And we won’t increase your APR for paying late.*
Generous…5% cash back at restaurants and movies right now through March on up to $1,500 in purchases with free and easy sign-up. And 1% cash back on all other purchases.*
Plus a Cashback ConcerigeSM who guides a free, personalized online tour to help you get the most rewards for how you use your card.
Flexible…Choose your own due date and pay up to midnight ET online or by phone.
Human…talk to a real person any time with 100% U.S.-based service.
0% Intro APR on balance transfers for 18 months. Then the variable purchase APR applies, currently 10.99% – 20.99%.*
0% Intro APR on purchases for 6 months. Then the variable purchase APR applies, currently 10.99% – 20.99%.
Introductory 0% APR Offer: 18 months on balance transfers and 6 months on purchases
Regular Purchase APR: 10.99 – 20.99% (V)*
Annual Fee: $0

Discover® it for Students

The new Discover it card is out to change the way people think about credit cards.
Fair…No annual fee. No overlimit fee. No foreign transaction fee & no pay-by-phone fee.
No late fee on your first late payment. And we won’t increase your APR for paying late.*
Generous…5% cash back at restaurants and movies right now through March on up to $1,500 in purchases with free and easy sign-up. And 1% cash back on all other purchases.*
Plus a Cashback ConcerigeSM who guides a free, personalized online tour to help you get the most rewards for how you use your card.
Flexible…Choose your own due date and pay up to midnight ET online or by phone.
Human…talk to a real person any time with 100% U.S.-based service.
Safe…Because you’ll never pay for unauthorized purchases with our $0 Fraud Liability Guarantee.
0% Intro APR on purchases for 6 months. Then the variable purchase APR applies, currently 12.99% – 18.99%. *Click apply for Terms & Conditions.
Introductory 0% APR: 6 Months on purchases.
Regular Purchase APR: 12.99%- 18.99 V
Annual Fee: $0

Cards set to expire:
Discover® More® Card
Discover® More® Card – 18 Month Promotional Balance Transfers
Discover® Motiva Card
Discover® Open Road Card
Escape by Discover® Card
Miles by Discover® Card
Discover® Student More Card
Discover® Student More Card – Clear
Discover® Student More Card – Monogram Collection
Discover® Student More Card – Mix Tape
Discover® Student More Card – Tropical Beach
Discover® Student Open Road Card

If you’d like to jump on one of the classic Discover cards before they expire, view our list here.

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