The Discover More Card 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 and an online rewards program called ShopDiscover. This card has a 0% intro APR on purchases and balance transfers, an extensive cash back benefits program, no annual fee and 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.
The Discover® More Card has one of the best reward programs with a 5% cash back bonus in categories that change – like travel, gas, groceries, restaurants, home improvement and others. You can also earn up to 1% cash back bonus on every other purchase and up to 20% bonuses when redeeming for purchases online.
The Discover More 5% cash back bonus schedule for the remainder of 2011 is as follows:
- Now until the end of September: gasoline, hotels, movies and theme parks
- October through December: restaurants and fashion
There is no expiration on 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. 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.
Important: Customers can achieve the 1% unlimited cash back bonus on all other purchases after they spend $3,000 annually. If you are looking to earn the 1% right off the bat, I recommend paying a few bills with your card that you would have otherwise paid for with cash and then paying the card balance off immediately. Until $3,000 in spending is reached, you’ll receive .25 percent cash back on purchases that are in the 1 percent cash back category. Also, warehouse purchases earn .25 percent cash back.
The Discover More Card has no annual fee. The APR will depend on your credit history, but there is no purchase APR for the first 15 months (must be done by December 31, 2011) which is great for a cash back credit card. For a complete list of updated rates and fees check the card website before you apply.
Discover More vs Chase Freedom Card
The Chase Freedom Card edges out the Discover More Card. It offers $250 cash back after $500 is spent within the first 3 months. It’s introductory APR for purchases is 0 percent for 6 months and 0 percent for 12 months on balance transfers. While both of these are shorter periods than those found with Discover, it won’t matter unless you happen to pay a bill late after these periods are over. Other than that, the fees are fairly similar, with Chase having a few lower fees (but not by a lot).
Chase Freedom also offers 5 percent cash back on rotating categories, matching it very well with the Discover More Card. Additionally, it offers 2 percent cash back on airfare, giving it an advantage over the Discover More Card. Finally, it offers a better version of a 1 percent cash back offer than the Discover More Card has, as there is no $3,000 threshold to reach.
Discover More vs Citi Dividend World MasterCard
The Citi Dividend World MasterCard is also a better bet than the Discover More Card. It offers the same introductory APRs as the Discover Card (0 percent for 15 months on purchases and balance transfers) and similar fees otherwise. It also offers 5 percent cash back on rotating categories and purchases made through the Citi Bonus Cash Center as well as 1 percent for all other purchases. The amount of cash back in the 1 percent category is limited to $300, so that is a bit of a limitation that this card has.
Discover More vs Capital One Cash Credit Card
The Capital One Cash Credit Card offers $100 cash back after $500 is spent within the first 3 months. It also offers 1 percent cash back on all purchases and a 50 percent bonus annually, making it effectively a 1.5 percent cash back offer. This does not measure up well with the Discover More Card’s 5 percent cash back on rotating categories and other cash back rewards.
The fees associated with the Capital One Cash Credit Card are similar to those with the Discover More Card. It has no annual fee and no foreign transaction fee (which helps if you travel abroad frequently). However, it’s 0 percent introductory APR lasts until August of 2012, making it a shorter period than the 15 months offered by Discover. With a similar (but less attractive) fee system and less rewards, most people would be better off avoiding This Card in favor of the Discover More Card.
Pros
- 5% cash back in categories that change – like travel, gas, groceries, restaurants, home improvement and more
- Up to 1% unlimited cash back on all other purchases
- No annual fee
- 0% intro APR on balance transfers for 15 months
- 0% intro APR on purchases for 15 months
- $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 reason
- Balance transfers cannot be used for other Discover credit card accounts
Apply for the Discover® More Card.
- Credit RequiredGood Credit
- Rewards Program5% cashback bonus on rotating categories. 1% unlimited cashback on all other purchases.
- Signup Bonus$150 Cash Backafter $1000 in purchases in the first 3 months.
Kevin Fleming founded CreditShout in 2008 to help people manage their credit and finances. Kevin wants to make it easy for anyone, regardless of their level of financial knowledge to understand credit cards and what may seem like the complex world of personal finance. | 
November 19th, 2010 at 7:08 am
This is a solid card to do the majority of your christmas shopping with because you can also Double the value of rebates that you have earned if you redeem them for select gift cards (over 100 partners)…