"Comparisons and secure applications
of the best credit card offers online."
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"Comparisons and secure applications of the best credit card offers online." |
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Additional Details, Terms and Conditions | |
| Category | Reward - Cash |
|---|---|
| Status | Platinum |
| Introductory Percentage Rate | 0.00 |
| Introductory Time Period | 6.00 |
| Intro Applies To | Purchases, Balance Transfers |
| Intro Details | There is a 0% introductory APR* on purchases for 6 months and a 0% introductory APR* on balance transfers for 12 months. See terms and conditions for complete details. |
| APR for Purchases | 10.990 |
| Purchase Rate Type | Variable |
| APR for Cash Advances | 23.990 |
| Cash Advance Rate Type | Fixed |
| Finance Charge Calculation | Average Daily Balance (including new purchases) |
| Annual Fee | $0 |
| Additional Annual Fees | $0 |
| Annual Fee Detail | None |
| Grace Period | 25 Days (Min.) |
| Late Payment Fee | $19 on balances up to $250; $39 on balances over $250 |
| Over Limit Fee | $15 on balances up to $500; $39 on balances over $500 |
| Cash Advance Fee | 3%, $5 minimum |
| Balance Transfer Fee | 3% for each balance transfer made under this offer, with a minimum of $10 and a maximum of $75 |
| Minimum Balance Transfer | $5,000 |
| Maximum Balance Transfer | $50,000 |
| Type of Reward | Rebate |
| Optional Reward | No |
| Rebate Minimum | .25% |
| Rebate Maximum | 5% |
| Additional Rebates | Cardholders earn a 5% Cashback Bonus® in categories like travel, home, gas, restaurants, movies, and more. Earn a 0.25% rebate at select warehouse clubs and discount stores. Earn up to double Cashback Bonus® at participating Discover Card Partners. |
| Rebate Details | Earn a 0.25% rebate for up to $1,500 in general spending; 0.5% for over $1,500 up to $3,000; and 1% for over $3,000. Reward is redeemable in $20 increments only. |
| Expiration | None (Account inactivity for more than 36 months could result in the forfeiture of some or all of the Cashback Bonus®.) |
| Yearly Limit | None |
| Bonus Approval | None |
| Bonus First Purchase | None |
| Bonus Balance Transfers | None |
| Bonus Annual | None |
| Bonus Other | None |
| Bonus Details | None |
| Additional Perks | Various card designs to select from. Various Internet account related services. Emergency card replacement. Fraud and security protection services. Auto rental insurance. Up to $500,000 in travel accident insurance. Discounts on products and services at participating merchants and retailers. See website for additional benefits. |
| Notations | 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. |
| Features / Benefits: | 5% to 20% Cashback Bonus® at Top Online Retailers* |
| 1 | Up to 1% Unlimited Cashback Bonus® on All Other Purchases Automatically |
| 2 | Increase, Even Double, Your Rewards When You Redeem for Gift Cards from Our 100 Cashback Bonus® Partners |
| 3 | No Annual Fee |
| 4 | Online Account Access |
| 5 | Online Bill Payment |
| 6 | *View Discover® Card Rates, Fees, Rewards, and Other Important Information |
| Rating | 4.00 |
| Benefit Rating | 3.50 |
| Best Feature | Double cash rebates at participating retailers and merchants (through the Cashback Bonus® award program); 0% introductory rate; no annual fee. |
| Worst Feature | Low rate not available to all applicants. |
| Review | Discover's Discover® More(SM) Card – Clear is fitting for those with very good credit who want a cash reward credit card. Through this card's reward program, cardholders are able to earn a 5% Cashback Bonus® in categories such as travel, gas, restaurants, movies, and more. Up to 1% can also be earned on general purchases and .25% for purchases made at select warehouse clubs and discount stores. The way rebates can be earned is quite simple. Those who spend up to $1,500 on general purchases will receive a .25% rebate. If a cardholder spends between $1,500 and $3,000, a .5% rebate will be earned. Any general purchase expense yields a 1% rebate to the cardholder.* As an added bonus, cardholders can earn up to a double Cashback Bonus® when they redeem their rebates for gift certificates from participating Discover® Card Partners. What's more is that with the Discover® More(SM) Card – Clear, there is no annual cap on the amount of rebates that can be earned. As long as the account is active during a 36-month period, rebates will not expire. What makes this card even more attractive is that there is no annual fee and a 0% introductory rate on purchases for six months. Balance transfers will be covered by a 0% introductory rate for twelve months. After the introductory rate expires, the APR for purchases with this card is reasonable for those who qualify. Platinum style benefits that are provided with this card include travel accident insurance, auto rental insurance, and fraud protection services. Cardholders will also have access to discounts on products and services at participating merchants and retailers. With the Discover® More(SM) Card – Clear, those who plan on spending at least $3,000 per year and who plan on taking advantage of the Cashback Bonus® reward program will find this card to be the most beneficial. *It is important to note that like many cash reward cards, the highest rebate offered will not apply to all purchases made with the credit card. In this case, 1% will be applied only to those purchases made after the cardholder spends over $3,000 in one year, so the overall cash rebate earned will be less than 1%, depending on the amount spent. For instance, if the cardholder were to spend $4,000, only $1,000 of this amount would be applied towards the 1% rebate. However, this does not take into account any promotional offers or the full 5% Cashback Bonus® award. |
| Date of Data Update | 2008-08-19 00:00:00 |
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