Summary of Article:
Discover credit cards: Discover offers credit cards with no annual fee and no hidden fees such as foreign transaction fees, penalty APR, and late payment fees. Discover it® Cash Back is one such card that offers generous rewards. Discover is well-known for its commercials featuring actors like Alicia Silverstone, Jack Black, John Candy, and Mike Myers saying “no” in their famous roles. Discover merchant fees vary depending on the card, ranging from 1.35% to 2.40% interchange fees.
Questions and Answers:
1. Does Discover charge an annual fee?
No, Discover does not charge an annual fee for any of its credit cards.
2. Are there hidden fees with Discover cards?
No, Discover credit cards have no annual fee, no foreign transaction fees, no penalty APR, and no late fee on your first late payment (after that, up to $41).
3. Does Capital One charge an annual fee?
No, Capital One credit cards do not have an annual fee. You can earn unlimited 1.5% cash back on every purchase with Capital One cards.
4. Who is in the “No Discover Card” commercial?
The “No Discover Card” commercial features actors Alicia Silverstone and Jack Black, along with John Candy and Mike Myers.
5. What are the Discover card fees for merchants?
The average interchange fees for Discover merchants range from 1.35% to 2.40% plus $0.05 to $0.10. The assessment fees are typically 0.13% of transactions under $1,000 and 0.01% for transactions $1,000 or more.
6. What are the Discover merchant fees?
The average credit card processing fees for Discover merchants range from 1.58% to 3.28% plus $0.05 to $0.10.
7. How can I get my annual fee waived?
You can try the following methods to convince your credit card issuer to waive your annual fee: call your issuer, ask for a fee waiver in exchange for card usage, ask your issuer to match another offer, ask to cancel the card, use military benefits, switch to a different card, or earn rewards to offset the fee.
8. Does American Express have an annual fee?
Yes, American Express credit cards have annual fees that range from $0 to $695, depending on the card.
Does Discover charge an annual fee
You don't need an annual fee for generous credit card rewards and top benefits. At Discover®, every credit card has no annual fee.
Cached
Are there hidden fees with Discover card
The Discover it® Cash Back does not charge an annual fee or foreign transaction fees. In fact, all Discover credit cards have no annual fee, no foreign transaction fees, no penalty APR and no late fee on your first late payment (after that, up to $41.).
Does Capital One charge annual fee
Get the credit you need with no annual fee. Earn unlimited 1.5% cash back on every purchase, every day. Earn unlimited 1.5% cash back on every purchase, every day. Earn 1.5% cash back on every purchase with a refundable $200 minimum deposit.
Who is in the no Discover card commercial
Discover No commercial cast
The commercial stars actor Alicia Silverstone saying, “No way” as her famous character from Clueless. Actor Jack Black hilariously says, “Come on, no way” as his character from the 2003 film School of Rock. It also features John Candy and Mike Myers.
What are Discover card fees for merchants
Typical Costs From Major Credit Card Companies
| Credit Card | Average Interchange Fees | Average Assessment Fees |
|---|---|---|
| Mastercard | 1.15% + $0.05 to 2.50% + $0.10 | 0.1375% (transactions under $1,000); 0.01% (transactions $1,000 or more) |
| Discover | 1.35% + $0.05 to 2.40% + $0.10 | 0.13% |
| American Express | 1.43% + $0.10 to 3.30% + $0.10 | 0.15% |
What are Discover merchant fees
What are the average credit card processing fees for merchants
| Payment network | Average credit card processing fees |
|---|---|
| Visa | 1.29% + $0.05 to 3.29% + $0.10 |
| Mastercard | 1.39% + $0.05 to 3.29% + $0.10 |
| Discover | 1.58% + $0.05 to 3.28% + $0.10 |
| American Express | 1.5% + $0.10 to 3.15% + $0.10 |
Mar 9, 2023
How do I get my annual fee waived
There are a few possible ways to convince an issuer to waive your fee.Call your issuer.See if your issuer will waive the fee in exchange for card usage.Ask your issuer to match another offer.Ask to cancel.Use military benefits.Switch to a different card.Earn rewards to offset the fee.
Does Amex have an annual fee
American Express credit card annual fees range from $0 to $695, depending on the card. Generally, the higher the annual fee, the more rewards and benefits the card is likely to offer. American Express typically charges annual fees when the cardholder opens an account and again on each account anniversary.
Are the people in the Discover Card commercials the same person
They are twin sisters. And the twin sisters in the ad are played by real-life twin sisters, not one actress portraying two roles. This is not a Leonardo DiCaprio/ The Man In The Iron Mask situation. The two actresses in the Discover Card twins ad are Sinem and Meltem Gulturk.
Which bank owns Discover Card
Discover Financial
Discover Card
| Type | Subsidiary |
|---|---|
| Owner | Discover Financial |
| Number of employees | See Parent company |
| Parent | Dean Witter Reynolds (1985–1997) Morgan Stanley (1997–2007) Discover Financial (2007–present) |
| Divisions | Discover Bank |
Do merchants have to pay fees to credit card companies
Card issuers charge a merchant fee whenever you use your credit card. The merchant is expected to cover this fee to process credit card payments. However, those fees can add up.
Why are businesses charging credit card fees
The main reason merchants add credit card surcharges is to compensate for high credit card processing costs. Consumers generally frown upon extra fees, especially if you're one of the only businesses in your local area to charge fees.
How do you avoid merchant fees
7 Ways to Avoid Merchant FeesLearn How to Read Your Merchant Statements.Choose the Right Pricing Structure for Your Merchant Account.Reduce Fraud and Chargebacks.Avoid Equipment Leases.Monitor and Audit Your Statements Every Month.Negotiate Merchant Fees Directly With Your Processor.Don't Switch Processors.
Can I ask for annual fee to be waived
You could ask to speak to your credit card issuer's retention department and tell them that you want to cancel your card to avoid being charged the annual fee. If they're worried about losing your business, they may offer to waive the fee.
Do you have to pay annual fee on credit card if you don t use it
You'll still need to pay your annual fee
Some credit card companies charge annual fees that you must pay in order to use their cards. You'll still have to pay a fee if you do not use the card. Choosing to stop using your credit card so that you can avoid this fee won't do you any good.
Why is Amex annual fee so high
Bianca Smith, WalletHub Credit Cards Analyst
The main reason why Amex cards are so expensive is that many American Express credit cards offer generous rewards rates and high-end perks, which warrant steep annual fees.
Which Amex does not have annual fee
The Amex EveryDay® Credit Card*, which doesn't charge an annual fee, offers a key benefit: Cardholders can earn a 20% bonus on all points earned by making 20 purchases or more in a billing cycle. This card is ideal for those who want to start earning Membership Rewards without paying an annual fee.
Are the actors in the Discover Card commercials twins
They are twin sisters. And the twin sisters in the ad are played by real-life twin sisters, not one actress portraying two roles. This is not a Leonardo DiCaprio/ The Man In The Iron Mask situation. The two actresses in the Discover Card twins ad are Sinem and Meltem Gulturk.
Is Discover bigger than Amex
Discover is accepted at 10.4 million U.S. merchant locations and in 190+ countries. American Express lags behind at 8.5 million and 160+, respectively.
Is Discover a major credit card
Major credit cards are any cards that belong to one of the big four credit card networks: Visa, Mastercard, American Express and Discover.
Where Discover is not accepted
Where Is Discover Card Not Accepted One of the biggest retailers where Discover cards are not accepted is Costco, a wholesale warehouse club. Costco has an exclusive partnership with Visa to only accept Visa credit cards in exchange for a lower merchant fee rate.
How much does discover charge merchants
What is a credit card processing fee
| Card network | Interchange fee | Assessment fee |
|---|---|---|
| American Express | 2.3%-3.5% | 0.165% |
| Discover | 1.55%-2.5% | 0.14% |
| Mastercard | 1.5%-2.6% | 0.1375% |
| Visa | 1.4%-2.5% | 0.14% |
Is it legal for merchants to charge credit card fee
There is no prohibition for credit card surcharges and no statute on discounts for different payment methods. Sellers may impose a credit card surcharge of no more than 5 percent of the purchase price. Surcharges must be clearly posted and communicated before payment.
Are businesses allowed to charge credit card fees
If you're wondering if it is legal to charge credit card fees, the short answer is yes. The practice of surcharging was outlawed for several decades until 2013 when a class action lawsuit permitted merchants in several U.S. states to implement surcharges in their businesses.
How do I get rid of annual fees on my credit card
The ultimate way to avoid paying an annual fee is to cancel your card altogether. Most credit card issuers allow you to cancel your card within 30 to 60 days of being billed the annual fee and receive the fee back in the form of a statement credit.
