The Discover® Motiva(SM) Card, issued by Discover, is designed
for those with very good credit who are looking to earn cash rewards
by paying on time and making purchases.
Through
the reward program, cardholders earn a 5% to 20% Cashback Bonus®
at top retailers through Discover's exclusive online shopping
site, and they get up to a 1% Cashback Bonus® on all other
purchases.
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 period.
Cardholders
will also be eligible to earn a pay-on-time bonus. Each time
cardholders make six on-time payments in a row they will receive
a credit towards the payment of their next month's interest.
Cardholders will be eligible to receive the pay-on-time bonus
twice a year, every year monthly payments are received on time.
The card
has no annual fee, an attractive 3.9% introductory rate on purchases
for six months, and a 3.9% introductory rate on balance transfers
for twelve months. The APR for this card is reasonable for those
who qualify.
In additiom
to the reward program, the Discover® Motiva(SM) Card also
provides several cardholder benefits, including up to $500,000
in travel accident insurance, auto rental insurance, and various
fraud and security protection services.
Therefore,
those who plan to spend over $3,000 a year (to earn the 1% cash
rebate), plan to use their Cashback Bonus® award at participating
online retailers (to earn additional cash rebates), plan to
pay in full each month after the introductory rate expires (to
avoid costly finance charges), and pay on time every month will
benefit most from what the Discover® Motiva(SM) Card 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.
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Special
Offer: 3.99% Intro APR* and is applied to Purchases, Balance Transfers.
