Discover® More(SM) Card- American Flag

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At a Glance:

  • Issuer: Discover
  • Intro APR: 0%
  • Regular APR: 10.99%
  • APR Type: Variable APR
  • Annual Fee: $0
  • Application Fee: $0
Link to Application

Review:

The Discover® More(SM) Card - American Flag, issued by Discover, is designed for those with very good credit who are looking for a cash reward credit card. Through the reward program, cardholders earn a 5% Cashback Bonus® in categories such as travel, home, restaurants, movies, and more. Card users also earn up to 1% for general purchases and .25% for purchases made at select warehouse clubs and discount stores. Those who spend up to $1,500 on general purchases will receive a .25% rebate, between $1,500 and $3,000 will receive a .5% rebate, and over $3,000 will receive a 1% rebate.* As an added bonus, cardholders can earn up to a double Cashback Bonus® when redeeming their rebates for gift certificates from numerous Discover® Card Partners. There is no yearly limit on the amount of rebates that can be earned, and rebates do not expire as long as the account remains active within a 36-month time-period. Aside from the reward program, the card also provides several platinum benefits, including up to $500,000 in travel accident insurance, auto rental insurance, and various fraud and security protection services. The Discover® More(SM) Card - American Flag card has no annual fee, an attractive 0% introductory rate on purchases for 6 months, and a 0% introductory rate on balance transfers for twelve months. The APR for this card is reasonable, although it is important to note that only higher qualifying applicants will receive the lowest rate available. Therefore, those who plan to spend at least $3,000 a year (to earn the 1% cash rebate), plan to use their Cashback Bonus® award at numerous retailers (to earn double cash rebates), and plan to pay in full each month after the introductory rate expires (to avoid costly finance charges) will benefit most from what the Discover® More(SM) Card - American Flag has to offer. *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.

Rates and Fees:

  • Introductory Rates: The Discover® More(SM) Card- American Flag has an introductory rate of 0%, which applies to purchases and balance transfers and is effective for up to 6 months.
  • Purchase APR: After 6 months, when the introductory rate ends, the APR for purchases will be 10.99%. This APR is variable.
  • Cash Advance APR: The cash advance APR is 23.99%. Please note that the introductory rate does not apply to cash advances and that the cash advance APR for this particular card is fixed. Please also note that the cash advance fee is 3%, $5 minimum.
  • APR Type: The APR on purchases for this card is variable and the APR on cash advances for this card is fixed. A fixed APR means that it is guaranteed for the life of the credit card and a variable APR means that it could change according to market conditions.
  • Balance Transfer Fee: The current balance transfer fee is: 3% of each balance transferred, with a minimum of $10 and a maximum of $75 per balance transfer.
  • Annual Fee: The annual fee is $0.
  • Payment Grace Period: The grace period for this credit card is 25 Days . This means you have 25 days to pay for your purchase before interest accrues.
  • Late Payment Fee: The fee for a late payment is $19 on balances up to $250; $39 on balances over $250.
  • Over-The-Limit Fee: The fee for spending over this card's limit is $15 on balances up to $500; $39 on balances over $500.
  • Application Fee: There is no application fee.

Rewards:

  • You will earn Rebates for using this card.
  • Card users 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 numerous discover card partners.
  • What's the expiration policy for miles? none (no account activity for more than 36 months could result in the forfeiture of some or all of the cashback bonus®.)
  • Is there a yearly point limit? none

Card Features and Perks:

  • Full Featured Online account management tools.
  • Up to $500,000 in travel accident insurance.
  • Complimentary car rental insurance.
  • Full protection against unauthorized withdrawls and transactions.
  • Fraud and security protection services.
  • Receive valuable discounts on products and services found at countless websites and stores.
  • Details and more benefits and perks can be found at the card's website.