Discover® More(SM) Card - Clear Information, Reviews, Ratings

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12/1/2008, Monday, 6:44pm (PST)

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Discover® More(SM) Card - Clear
Issued by Discover

Discover? More Card(SM) - Clear

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Review

Discover's Discover® More(SM) 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(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.

Updated: November 11, 2008

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 on this card was updated on November 11, 2008. 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.

Specifics

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Category Definitions

Card Category: Reward - Cash

Introductory Rate : 0% Intro APR*

Applied Towards : Purchases, Balance Transfers

Introductory Rate 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.

Annual Fee : $0

Additional Cardholders : $0

Grace Period : 25 Days (Min.)

Minimum Credit Limit : $5,000

Maximum Credit Limit : $50,000

Late Payment Fee : $19 on balances up to $250; $39 on balances over $250

Over-The-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

Reward Program Details

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

Perks / Notations

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.

Important 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.

Additional Information

Apply Online for the Discover® More(SM) Card - Clear.

See other cards issued by Discover

APR (Purchases) : 10.99%

The APR for purchases is based on the Prime Rate.

APR (Cash Advances) : 23.99%

Finance Configuration : Average Daily Balance (including new purchases)

Credit Card Reviews - Ratings are based on the CardOffers.com rating system. Posted ratings should not be the only factor in helping you decide which credit card is right for you. Reviews are believed to be accurate during time of evaluation; however, information posted may change after the review date. By entering this page you agree to the Terms and Conditions of CardOffers.com.

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