Discover® More(SM) Card - Monogram

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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 Monogram is perfect for a person with very good credit looking for a card that can earn cash rewards. The card also features personalized designs which displays the cardholder's intial(s) on the card's face. The reward program allows cardholders to earn a 5% Cashback Bonus® in categories such as travel, gas, restaurants, movies, and more. In addition, cardholders can automatically earn up to a 1% Cashback Bonus® on all other purchases. As an added bonus, cardholders can earn up to a double Cashback Bonus® when their rebates are redeemed 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 is active within a 36-month time-period. A unique feature with this card is that cardholders can choose from several card designs that will display their initial(s) on the front of the card. The card has no annual fee, a 0% introductory rate on purchases for six months, and a 0% introductory rate on balance transfers for twelve months. The APR for this card is reasonable for those who qualify. 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. Card users will also receive discounts on products and services at hundreds of stores and websites. Therefore, those who plan on spending over $3,000 a year (to earn the 1% cash rebate), plan on using their Cashback Bonus® award at numerous retailers (to earn double cash rebates), and plan on paying in full each month after the introductory rate expires (to avoid costly finance charges) will benefit most from what the Discover® More(SM) Card - Monogram 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 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 - Monogram 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: 3% for each balance transfer made under this offer
  • 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 up to a 1% cashback bonus® on all other purchases automatically.
  • 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:

  • Card users choose their personalized card design.
  • Full Featured Online account management tools.
  • Up to $500,000 in travel accident insurance.
  • Fraud and security protection services.
  • Complimentary car rental insurance.
  • 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.