Discover Credit Card Review

Discover credit card is one of the major and popular credit cards in United States and is issued by Discover Financial Services. Discover credit card has several different cards that are specifically designed for different individuals so as to accommodate their spending habits and budget requirements. These cards also have different rewards benefits that allow cardholders to take complete advantage of using the cards.

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Terms and benefits of Discover credit card

One of the most beneficial features of Discover credit cards is that these cards are available with introductory APR of 0% on all purchases for a period of 15 months. However this introductory rate is applicable only if the payment is made in full in time. In the event of pending payment or late payment, the cardholder may be required to pay interest at the original rate from the purchase date. This introductory rate is applicable for all the cards except Discover Student More card. The different cards include Discover More card, Discover Open Road card, Discover Motiva card and Discover Student More card.

The APR on purchases in case of Discover More card, Discover Open road card and Discover Motiva card is 10.99% to 19.99%. Discover Student More cardholders can enjoy introductory 0% APR on purchases for a period of 9 months. The APR on purchases for this card is between 12.99% to 18.99% after that. Discover credit cards do not have any annual fee. The cards also have 0% interest on Balance transfers for a period of 15 months. The interest on balance transfers after the introductory offer is between 10.99% to 19.99% for Discover More card, Discover Motiva card and Discover open Road card. These cards also have a Balance transfer fee of 3%.

The Discover More Cardholders can get 5% cash bonus benefit in some categories including restaurants, gas and department stores. These categories keep on changing from time to time. On use of the card for other purchases, cardholders can get 1% cash back. Cardholders can also get between 5% to 20% cash back through online shopping mall. The cash rewards can also be redeemed for gift cards or for eCertificates that include 100 brand name partners. In case of Discover Open Road card, cardholders can get double cash back on spending at any restaurant as well as gas station besides cash back of 5% to 20% on shopping at online shopping mall. Cardholders can also enjoy 1% cash back bonus on using the card for other purchases and also redeem the cash back just as Discover More card.

In case of Discover Motiva card, cardholders automatically get 5% of interest charges in the form of cash back bonus each month if the payment is made on time. Cardholders can also enjoy 5% to 20% cash back bonus on using the card at the online shopping mall and 1% cash back on other purchases. They also have the freedom to redeem the rewards. The Discover Student More card is designed to allow cardholders to earn 5% cash back bonus on using the card for certain purchases like restaurants, gas as well as department stores. Cardholders can likewise enjoy 5% to 20% cash back bonus on using the card at the online shopping mall along with 1% cash back bonus on using the card elsewhere. All cardholders of Discover also have the chance to earn fabulous prizes including a grand $1 million prize on using the card. Cardholders can take benefit of other special benefits like travel benefits, online account management, protection against fraud etc. If used properly, Discover credit card can be an exceptionally beneficial credit card.

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