Verdict: The Discover® More® Card is the best cash back credit card out there hands down. You can earn up to 5% back on a lot of your purchases effectively saving you hundreds or even thousands of dollars a year. Another huge plus is that there is no annual fee or other hidden hang-ups with this card.

The Discover® More® Card now takes the place of Discovers previously named Platinum card. The name has changed, but it continues to rise above most with its enormous amount of benefits, including a great cash back program.

Overview:

The Discover® More® Card has a 0% intro APR on purchases and balance transfers, an extensive cash back benefits program, no annual fee and a guaranteed fraud protection. It is a great choice in credit cards for those that have excellent credit and would like to earn maximum cash back bonuses on their everyday purchases.

How This Card Works:

Whenever the Discover® More® Card is used, a cash back bonus of 5% will be earned on specific shopping items at various places that you shop everyday, like restaurants, department stores and grocery stores.

You can choose from many designs for this credit card, from wildlife to patriotic themes. There are over 150 are shown on the Discover credit card website.

Additional credit cards for the account can be requested online with the convenient online management that the company has made available. Paying your bill can be done easily online, as well, by providing your checking account information and then your information will be saved for future use.

Travel and Shopping Benefits:

The Discover® More® Card has one of the best reward programs in credit cards with the 5% cash back incentive for making personal purchases, 1% on every other purchase and up to 20% bonuses when redeeming for purchases online.

There is no expiration to your earned cash back bonuses and you can earn as much as you like because there is no limit to how much you can earn. Using the Discover® More® Card online at ShopDiscover.com will earn cash back rewards that are credited directly onto your account. Redeem your rewards for gift cards with over 100 participating retailers or choose to have cash deposited directly into your checking account. Cash back benefits can be redeemed when it reaches $20. The Discover shopping website has many of the best retailers to give the most selection and satisfaction. If the cardholders account is in default status, rewards cannot be redeemed.

Fees:

There is zero percent interest on the credit card account for the first 6 months for purchases and balance transfers. At that time, the interest will go to the standard rate of 11.99%, if the account is not in delinquency state. It could go to a higher APR according to the credit review.

On over-the-limit fee will be charged if your balance becomes higher than allowed by the card member agreement. Any balance over $500 will be charged $15, and balances over $500 will have a charge of $39.

Cash advances can be made through any Discover Cash Network ATM or one of the 58,000 participating financial institutions or banks. You will need to request a personal identification number from Discover by calling customer service. There is a minimum charge of $5 and there will be a 3% fee for each individual cash advance. These transactions also will have a fixed 23.99% APR.

There is a 25 day grace period for paying your minimum payment. If the payment is received and considered late, it will incur a late fee. The late fees depend on the account balance and will be between $19 and $39.

Pros:

• 5% cash back on places that you shop everyday, like Travel, gas, restaurants, department stores, grocery stores.
• 1% cash back on everyday purchases.
• No annual fee.
• 0% introductory APR for the first twelve months on purchases.
• 0% introductory APR for the first six months bases on credit for balance transfers.
• $0 Fraud Liability Guarantee means that the cardholder will not be held responsible for any fraudulent or unauthorized charges on the Discover More Card.

Cons:

• Any earned cash back bonuses will be lost if the account is closed for any sort of reason.
• Balance transfers cannot be used for other Discover credit card accounts.
• If your credit account becomes over-the-limit twice or if you miss a payment, the APR can be raised a substantial amount to a default rate.

Apply for the Discover® More® Card.

(17 votes, average: 3.18 out of 5)

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