Overview
To own a major credit card is a financial
decision that many people make for a variety of reasons. Some of the
reasons include using them for bulk purchases where it is better to
provide a credit card rather than carrying a large amount of cash. In
few places, paying through credit is the only, such as to rent a car, so
you have no choice other than opting for a credit card. In order to
decide which credit card you want to use, you should first decide which
major card provider fits your needs.
In 1985, Sears introduced the original Discover card that was
designed for usage mostly in the United States. In 2006, Discover also
began to offer Discover debit cards to banks.
Before 2007, the Discover credit card was a part of Morgan Stanley
and Dean Witter. Later, Discover branched out from both companies and
became a self-supporting company known as Discover Financial Services.
How It Works
Discover is one of the major credit card companies that offer
features such as credit card accounts, damage waiver for cars rented
with a Discover card, accident insurance coverage for travel purchased
with a Discover and extended warranty on an item purchased with a
Discover.
Benefits
Discover credit cards offer many benefits for their cardholders. As
you all know, Discover is a well-known organization worldwide, and thus
it is accepted for payment in almost every place you purchase that takes
credit as a mode of payment. Currently, Discover offers their credit
card in two versions: secured and unsecured. This allows for those who
have less than perfect credit can still have a privilege to use the
Discover credit card.
Timing
Making the choice to get a major credit card is solely a personal
decision. Perception varies from one person to other. Some suggest that
the best time to get a major credit card is when you are ready to start
building a solid credit history. Few suggest that the right time to get a
credit card is when you are very young as it lets you build credit,
which will help in buying a home and other purchases. If you feel that
you can be financially accountable, then it is the best time to buy a
credit card.
Companies/Industries
You can obtain Discover credit cards from most banks and many major
financial institutions. Since Discover is a major credit card available
all over the world, there are countless companies that offer Discover
credit cards as one of their financial services.
