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Credit Card Reviews » Discover® Motiva Card |
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If you are looking for a card that gives you the cash rewards you deserve in return for your timely payments and large purchases, the Discover® Motiva Card, issued by Discover, is the credit card for you. This credit card gives users who have excellent credit the cash rebates they want, and the benefits they need.
When you use your Discover® Motiva Card to make your everyday purchases up to the tune of $1,500 per year, you will automatically earn a .25% rebate, while if spend in between $1,500 and $3,000 each year, you will receive a .5% rebate. If you use your Discover® Motiva Card to spend over $3,000 in general purchases each year, you will earn the high rebate rate of 1%. But it's important that you remember that your rebate percentage will only kick in after you have spent the minimum amount. While you will be earning 1% cash rebates on all of your purchases after your first $3,000, that percentage won't apply to the $3,000, and so on with the other spending levels.
You can also earn .25% for any purchases that you make at select discount stores and warehouse clubs, to help you maximize your savings.
In addition, Discover® Motiva Card users can earn incredible rebates by shopping at participating online retailers. When you shop at Discover's exclusive online shopping site, you can earn up to a 5%-20% cashback bonus, just for buying the things that you want. There is no limit to the rebates that you can earn in a year, and your rebates won't expire for three years as long as your account stays active.
Discover wants to reward you for being a responsible card user, so you can earn additional rewards, just for paying your bills on time. Every time you make your credit card payments on time six times in a row, you will automatically receive a credit toward your next bill, up to two times a year.
The Discover® Motiva Card has absolutely no annual fee, and a low introductory APR of 3.9% on purchases for ten months, and 3.9% until the last day of the billing period ending April 2009. After the introductory period ends, this card offers a reasonable APR to card users with good credit.
If that isn't enough, this card comes with a wide array for user benefits as well, from travel accident insurance to auto rental insurance, in addition to great user protection features. There's no better way for a person with good credit to get great cash rewards.
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3.9% 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 3.9% introductory APR on purchases for 6 months and a 3.9% introductory APR on balance transfers for 12 months) |
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| Finance Configuration: 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 the 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: 20% |
| Bonus Rebates First Purchase: n/a |
| Bonus Rebates Other: n/a |
| Expiration: None |
| Yearly Limit: None |
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| Additional Features for Discover® Motiva Card: |
Various Internet account related services.
Fraud and security protection services.
No liability for unauthorized transactions.
Auto rental insurance.
Access to Pay-On-Time Bonus.
Access to 5%-20% Cashback Bonus at top online retailers through Discover's exclusive online shopping site.
Flexible payment due dates.
See website for additional benefits. |
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| Important Notes for Discover® Motiva Card: |
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® Motiva Card 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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