Discover More Credit Card Review + Available Bonuses

September 6, 2012 No Comments »
Discover More Credit Card Review + Available Bonuses

[Update 2013: The Discover More Card is now the Discover "it" Card]

Discover it™

  • The new Discover it card is out to change the way people think about credit cards.
  • Fair…no annual fee. No overlimit fee. No foreign transactions fee & no pay-by-phone fee. No late fee on your first late payment. And we won’t increase your APR for paying late*
  • Generous…5% cash back at restaurants and movies right now through March on up to $1,500 in purchases with free and easy sign-up. And 1% cash back on all other purchases*
  • Plus a Cash Back ConciergeSM who guides a free, personalized online tour to help you get the most rewards for how you use your card
  • Flexible…Choose your own due date and pay up to midnight ET online or by phone
  • Human…talk to a real person any time with 100% U.S.-based service
  • 0% Intro APR on balance transfers for 18 months. Then the variable purchase APR applies, currently 10.99% – 20.99%.*
  • 0% Intro APR on purchases for 6 months. Then the variable purchase APR applies, currently 10.99%-20.99%. *Click apply for Terms & Conditions


Apply Here


Generous credit card rewards usually come with an annual fee of $75 or more. That’s why we like the Discover More card. This card offers a rebate program and many extras, without paying a dime on annual fees. Plus, you’ll get access to fun reward options, and even an opportunity to double the value of your reward (at no extra cost).

With a rock bottom interest rate of 0% APR on new purchases AND balance transfers, this card is definitely worth a look.

Generous Cash Back Rebates

The Discover More card gives you 5% cash back on qualifying purchases. Here’s how it works. The card offers rotating categories, which qualify for the 5% rebate earnings. This includes categories such as restaurants, gas, travel and holiday shopping. For example, you might earn 5% cash back on restaurants and movies April through June, gas and summer purchases July through September, and holiday purchases October though December.

Enrolling in this program is FREE and simple. You can either call Discover More customer care or enroll directly online, after you’ve opened your new account.

Rewards Fine Print 

What happens if you spend outside the 5% “reward category”? Do you earn nothing? Fortunately, the Discover More card offers 1% unlimited cash back on all other purchases, once your total annual purchases exceed $3,000. For everything under $3,000, you’ll earn 0.25%.

Plus, if you pay for household bills such as insurance, cell phone, internet and cable using your card, it’s fairly easy to meet the $3,000 threshold in a year. However, keep this in mind. Any charges that qualify for your 5% rebate won’t count toward your first $3,000.

Redeeming your Rewards 

The Discover More card doesn’t just offer generous rebates. The company has come up with some fun ways to redeem them, including an opportunity to double your rewards. Take a look.

Redeem for cash. Redeem your rewards for cold hard cash, directly deposited into your bank account in $50 increments, or credited directly to your Discover More card account.

Gift cards. Double your rebate value by redeeming your rewards for specific gift cards, through 100+ partner stores. For example, if you have a $40 rebate, you can redeem it for an $80 gift card on Celebrity Cruises. Or, redeem a $20 rebate for a $40 Samsonite gift card. There’s no shortage of choices!

Best of all, your rebates don’t expire unless your Discover More card is inactive for over 36 months. So, there’s no pressure to use your rewards. Take your time, and decide what you want most.

0% APR Balance Transfer 

The Discover More Card offers a promotional APR of 0% on all balance transfers! With this super low rate, other cards usually offer short promotional periods, such as 3 to 6 months. However, with the Discover More card, your rate lasts 15 months! Payoff your existing balances faster, without the burden of interest.

Keep in mind, there’s a balance transfer fee of 3%, which is relatively low. For example, if you transfer a balance of $300, you’ll pay $9. Or, transfer $3,000 and pay $90.

0% APR on NEW Purchases 

The 0% APR isn’t limited to just balance transfers. You’ll enjoy a 0% APR on all purchases for 15 months, which is a nice perk. After the promotional period expires, your interest rate will revert to the regular APR, which is 10.99 to 20.99%, depending on your credit history.

Insurance Perks 

Credit card fraud is a frustrating problem. But, fortunately, the Discover More Program offers fraud liability protection. With this card, you have a $0 fraud liability guarantee. This means, you are never liable for unauthorized transactions on your Discover More card.

Plus, you’ll get free travel insurance, which includes up to $500,000 in travel accident insurance and FREE rental insurance. Also, if you’re traveling, this card provides emergency card replacement, allowing you access to a new card quickly, if it’s lost or stolen.

Comprehensive Financial Education System

The Discover More card offers a comprehensive financial education package, which helps you better understand money and credit card management. This feature is comprehensive enough to add value for new and experienced card users. Also, you can set up email payment alerts, reducing risk for late payments, which cost $35.

Plus, you’ll get access to special online tools. Move your funds around, manage payments and check your balance easily online.

The Verdict 

If you spend $3,000 or more a year (even if you pay it back monthly), the Discover More card is a great choice. It’s not hard to meet the $3,000 threshold if you pay household bills with your card. And, remember, the card has no annual fee. Plus, if you have existing debt, you can pay it off faster, without wasting money on interest payments.

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