Verdict: The Discover® Motiva Card is a good value for those who carry credit card balances. To date, it is the only card of its kind that actually pays you for good credit management and the Discover Cashback bonuses are always a nice treat. However, if you prefer to keep those cards paid off each month (good for you!) then you may want to seek cards with benefits or reward offers that are better suited to your lifestyle and preferences.

Overview: The only card that gives you a full month’s interest back for on-time payments. With the new Discover® Motiva Card, your good credit management earns you cash rewards. Just make six on-time payments in a row and they will pay you the next month’s interest back as a Pay-On-Time Bonus.

How this card works: With the Discover Motiva Card, card members who make on-time monthly payments six times in a row receive their next month’s interest back as a Pay-On-Time Bonus(r)- twice a year, every year, when they pay on time every month. Pay-On-Time Bonus rewards are in addition to the unlimited Cashback Bonus(r) card members earn on all purchases, giving them two ways to earn cash rewards and putting more money in their pockets. The Discover Motiva Card even offers helpful payment tools such as automatic payment reminders and free payments by phone – even on their payment due date.

Benefits:

• Free payment by phone or online-even on your Payment Due Date
• Get timely e-mail reminders to help you avoid fees
• Choose a Payment Due Date that meets your needs
• Get a bonus equal to a full month’s interest each time you make six consecutive on-time payments
• 5% to 20% Cashback Bonus at over 150 top retailers through their online shopping mall
• Up to 1% unlimited Cashback Bonus on all other purchases
• Turn your Cashback Bonus into bigger rewards every time you redeem for gift cards or instant eCertificates from over 100 brand-name Partners
• $0 Fraud Liability guarantee and advanced fraud early warning alerts
• Shop protected with Secure Online Account Numbers

Fees:
The Discover® Motiva Card has no annual fee. The card APR will depend on your credit history, and there may be late fees so read the card terms and conditions before applying.

Pros:

• If you keep a balance on your card and make on time payments the bonus is very attractive
• The introductory APR is a nice added benefit
• Nice cash back bonuses
• No annual fee
• Online access and payment reminders
• Free payments by phone

Cons:

• Encourages credit card debt by rewarding you for carrying a balance
• Cost of carrying a balance may far exceed the value of the reward

Apply for the Discover® Motiva Card.

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