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Credit Card Reviews » Discover® More Card - Clear |
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The Discove® More Card is a credit card designed for people who have maintained a positive credit history and that are looking for a Discover card with a cashback rewards program.
The Discover® More Card's reward program provides cardholders with 5% rebates for all purchases made in the Discover designated popular categories. Every four months, Discover offers you a different set of categories from which you can earn 5% rebates for purchases; including home, restaurants, movies, gas and other categories people typically make frequent purchases in. Discover® More Cardholders also are rewarded with 1% rebates on all general purchases and .25% for purchases made on the card from select discount stores and warehouse clubs.
People will receive .25% rebates when they spend up to $1,500 on general purchases, a .5% rebate when they spend between $1,500 and $3,000 and a full 1% rebate on all Discover® More card purchases $3,000.
Additionally, Discover® More cardholders earn double Cashback Bonus® rewards when they redeem their rebates on gift certificates from Discover Card Partners.
The Discover® More credit card offers no annual fee and an introductory rate of 0% on all new purchases as well as transferred balance for the first twelve months after opening your account. For qualified cardholders, APR on purchases beyond the introductory period remain reasonably low.
The finance charge calculation method is the "Two Cycles Average Daily Balance", which will cost cardholders who occassionally carry their card balances from one month to the next more than the "Average Daily Balance" method used by the majority of credit card issuers for calculating finance charges. The Discover® More card is financially better for individuals who tend to pay off their card balance in full each month.
Platinum benefits that come with the Discover® More credit card include auto rental insurance, travel accident insurance, and a variety of protection programs for fraud and security that you would expect from a Discover credit card. Additionally, cardholders of the Discover® More card are eligible to discounted products and services from merchants and retailers that are part of the Discover card partners.
Spending more than $3,000 with your Discover® More credit card entitles you to a 1% cash rebate, and helps make the card a strong financial choice for people who spend in excess of $3,000 and plan to pay their balance off at the end of each month. If you use your Cashback Bonus® at participating retailers, you're eligible for double cash rebates. This combination of credit card useage will make the Discover® More card extremely beneficial.
In order to get the most out of the cash reward program with the Discover® More credit card, you'll want to use the card for all of your spending. The 1% rebate is not applicable to all purchases made using the card- and is applied only to purchases that are above $3,000 in a year. Whenever you make purchases within the four designated categories, however, you will earn the full 5% rebate regardless of how much money has been spent on the credit card that year.
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0% Intro APR on Balance Transfers for 12 months
10.99% Regular Variable APR for Purchases
23.99% Regular Fixed APR for Cash Advances |
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25 days Grace Period |
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| (* There is a 0% introductory APR on purchases for 6 months and a 0% introductory APR on balance transfers for 12 months) |
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| Finance Configuration: Two-cycle Average Daily Balance (including new purchases) |
| Additional Cardholders: $0 |
| Late Payment Fee: $19 on balances up to $250 and $39 on balances over $250. |
| Over-The-Limit Fee: $15 on balances up to $500, and $39 on balances over $500. |
| Cash Advance Fee: 3% for each cash advance, with a minimum of $5 and no maximum. |
| Balance Transfer Fee: 3% for each balance transfer made under this offer, with a minimum of $10 and a maximum of $75. |
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| Minimum Credit Limit: n/a |
| Maximum Credit Limit: n/a |
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| Type of Reward: Rebate |
| Rebate Minimum: 0.25% |
| Rebate Maximum: 5% |
| Additional Rebates: 5% to 20% Cashback Bonus at top retailers through our exclusive online shopping site |
Rebate Details: Earn a full 5% Cashback Bonus on category purchases throughout the year by participating in each program.
earn a full 1% unlimited Cashback Bonus on all other purchases after your total annual purchases exceed $3,000.
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| Expiration: None |
| Yearly Limit: None |
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| Additional Features for Discover® More Card - Clear: |
Various card designs to select from.
Various Internet account related services.
Emergency card replacement.
Fraud and security protection services.
Auto rental insurance.
Discounts on products and services at participating merchants and retailers.
See website for additional benefits. |
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| Important Notes for Discover® More Card - Clear: |
The APR for purchases and balance transfers varies according to the applicant's credit history and may range from 10.99% - 18.99%.
See website for complete terms and conditions of card usage and application disclosure. |
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| Notes: The review on Discover® More Card - Clear was updated on January 14, 2008. The review is believed to be accurate during the update, however, information posted may have changed since the update.
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