Review for Discover® More® Card - Clear
Discover's Discover® More® Card - Clear is ideal 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® 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. Cardholders also enjoy a 0% introductory APR on balance transfers for 6 months, and a 0% introductory APR on purchases and balance transfers for 6 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® 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.
Updated: July-02-10
Most Attractive Feature(s): Double cash rebates at participating retailers and merchants (through the Cashback Bonus® award program); 0% introductory rate; no annual fee.
Least Attractive Feature(s): Low rate not available to all applicants.
Note: The review of this card was updated on July-02-10. The review is believed to be accurate during the update, however, information posted may have changed since the update. We strongly suggest that you carefully read the Terms and Conditions statement that accompanies the credit card application.
