Discover has been coming out with better and better rewards credit cards. The Discover More card is one of the best yet! With the Discover More card, you get unlimited rewards on just about every purchase you make. The rewards structure is as follows:
Discover More credit card users enjoy the ability to earn a 5% cash back bonus in different purchase categories such as travel, home improvement stores, department stores, gas, restaurants, and many more categories. So what happens if you make a purchase outside of these categories with your Discover More credit card? You still earn! No matter what the purchase is, you will always earn up to 1% cash back on what you spend. Also, Discover has a list of exclusive online shopping websites. If you make purchases from these sites, you earn anywhere from 5% to 20% cash back!
OK still not sold on the Discover more credit card right? You want to know about interest rates. That is another great thing about Discover credit cards in general. They offer very competitive interest rates on all of their credit cards. For the Discover more credit card, the standard interest rate depends on your credit score at the time of completing the application. The interest rate will range from 11.99% to 20.99% variable. However, for the first 6 months, you will receive a 0% introductory interest rate to use the credit card. Also, although I never advise using cash advances from a credit card company, I think that it is important that you know the interest rates for cash advances as well. With this credit card, the cash advance interest rate is 23.99% variable. One of the great things about this credit card is the default interest rate. Most credit card default interest rates are around 29.99% however, with the Discover More credit card, the default interest rate ranges from 16.99% to 25.99% for balance transfers and purchases based on credit scores and other factors. For cash advances, the default interest rate is 28.99% (once again I never advise using a credit card for cash advances).
A Few More Factors Regarding The Discover More Credit Card
How to avoid paying interest on the Discover More credit card: Your due date is at least 25 days after the close of each billing period. We will not charge you any interest on new purchases, or any portion of a new purchase, paid by the due date on your current billing statement if you paid your entire balance on your previous billing statement in full by the due date on that statement. (this portion of this paragraph came from the Discover More credit card terms and conditions on their application). Also, the minimum interest charge for this credit card is very low, only $0.50.