Credit Card Review & Application

Discover More Card - $150 Cashback Bonus

5.0

out of 5

- $150 Cashback Bonus when you spend $1,000 in the first 90 days*
- 0% intro APR on purchases and balance transfers for 6 months, then the variable standard purchase APR of 10.99% - 20.99%*
- 5% Cashback Bonus in categories that change like gas, groceries, department stores and more. Limitations apply*
- Up to 20% Cashback Bonus at popular retailers when you shop online through Discover.com
- Discover is ranked #1 in customer loyalty--15 years in a row! (2011 Brand Keys Customer Loyalty Engagement Index report)
- 24/7 access to a U.S.-based Account Manager within 60 seconds
- Great rewards with no annual fee, no rewards redemption fee, and no additional card fee
*Click apply to view rates, fees, rewards, limitations and other important information



Introductory APR: 0%*
Introductory Period: 6 months
APR on Purchases: 10.99% - 20.99% (variable)*
Annual Fee: $0*
Card Issuer: Discover Bank
Card Network: Discover®
Card Category: Consumer (Premium)
Card Type: - Instant Decision Card
- Low Interest Credit Card
- Reward Card
Credit Needed: Good*

Credit card companies are always trying to find new ways to attract new business. Obviously, since there are so many offers out there, this can be quite a difficult feat.

With people in different stages of life and different financial statuses, how can you appeal to the most potential account holders at any given time? Do people want lower rates or better incentives? Do people want a wider variety of benefits or something more streamlined and simplified? This is the dilemma that the Discover More Card $150 cashback bonus attempts to solve.

After you supply your personal information and select the design of card you want, you will notice that the cashback bonus specifications change every few months. While the bonus itself remains the same, how you earn the bonus depends on which quarter of the year you make your purchases.

For instance during one of the three month periods, you earn 5% on Home and Fashion purchases. Another three month period yields the bonus to Travel. The other two bonus periods, there are Restaurants and Fashion, Gas, Hotel, and Movies. This might sound confusing, but it really isn't, and it is indeed an innovative feature that truly creates an incentive for you to use your Discover More card.

Although this is the main feature, you still get a host of standard features that are quite common on cards these days. It has a low introductory rate for both standard purchases and balance transfers, which of course will jump up to a variable rate once the introductory period ends. This variable rate will depend on your credit score, typically. You should also keep in mind that your variable rate can adjust month to month, regardless of your credit score.

The most remarkable features, though, are in the bonuses. First of all, the card gets its name because you can instantly receive so much money back as soon as you accrue a certain amount in purchases in the first three months. On top of that, though, you can get a cashback bonus when you use the card to shop at the Discover's exclusive retail site. Finally, your cashback rewards are unlimited and never expire.

Furthermore, there is no annual fee, as with many Discover cards. There are, however, appropriate fees for balance transfers, cash advances, and for late payments. Also, there is a small foreign currency fee that will be assessed should you choose to use your card in a country other than the United States. These amounts are somewhat standard and in no way remarkable when compared to other, similar cards currently available from competing banks.


The review prepared by . Opinions expressed therein are solely those of the reviewer.

Reward Types: - Cash Back Reward Cards
- Gas Reward Cards
- Home Purchase Reward Cards
- Travel Reward Cards
- Universal Reward Cards
Reward Unit: Cash
Rewards: - $150 Cashback Bonus when you spend $1,000 in the first 90 days*
- 5% Cashback Bonus in categories that change like travel, gas, groceries, restaurants, home improvement stores and more. Limitations apply*
- Up to 20% Cashback Bonus at popular retailers when you shop online through Discover.com
Expiration: None*
Yearly Limit: None*
Other Benefits: See Terms and Conditions of the card
Online Account Access: Yes
Introductory APR: 0%*
Applied Towards: Purchases, Balance Transfer
Introductory Period: 6 months*
APR on Purchases: 10.99% - 20.99% (variable)*
Annual Fee: $0*
Grace Period: 25 days*
Min Finance Charge: $0.50
Late Payment Fee: $19.00*
Balance Transfer: Yes
Transfer Fee (%): 4.00%
APR Cash Advances: 23.99%
Cash Advance Fee: 5.00%
Minimum Fee: $10.00
Additional Fees Foreign Currency Transaction Fee: 2% of the U.S. dollar amount of each purchase made in a foreign currency

We do not offer online application for this card at the moment.


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† The information provided for Discover® More® Card - $150 Cashback Bonus® is believed to be accurate at the time of evaluation (Jan 3, 2013). We strongly advise visitors to review the terms and conditions to verify accuracy of the information posted prior to applying for the product.




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