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The Discover® More(SM) Card was last reviewed on 26th
June 2008
Summary - The Discover® More(SM) Card (formerly Discover Platinum Card) is a unique hybrid reward and cash back credit card. We recommend this card because you can
Earn 5% cash rebate for purchases at merchant partners of Get More Purchase programDouble the value of your cash rebates if you exchange them for gift certificates or gift cards of partner merchantsYou can earn unlimited rebatesIt has the best 0% balance transfer deal in the market today
Let us take a closer look at this card
Rebate Formula - The Discover® More(SM) Card is a tiered cash back credit card. You can potentially earn up to 2% rebate. Here is how it works. The tiered cash back formula is based on your annual expenditure. For the first $1,500 in annual expenditure, you earn 0.25%. For the next $1,500 in annual expenditure (ie $1,500 to $3,000), you earn 0.50% rebate. Once your annual expenditures exceed $3,000, you earn 1% rebate. You can earn unlimited rebates which do not expire.
5% Rebates for Get More Partners - The real gem of the discover card its various offers and features. The first great feature is the ability to earn 5% cash rebate on Discover's Get More Purchase program. Under this program, shopping at various retailers will enable you to get a 5% cash rebate. Examples of retailers under this scheme are Ace Hardware, Bed, Bath and Beyond, Lowes, Menard, Pier 1 Imports, Restoration Hardware, SHERWIN-WILLIAMS, Smith & Hawken, The Container Store, The Home Depot. These merchants change and rotate every month.
Double the value of your rebates - The other great feature of the Discover® More(SM) Card is that you can up to double the value of the cash rebates you have earned by exchanging them for over 100 merchant partners gift certificate. That means that a $20.00 rebate can turn into a $40.00 gift certificate. Below is the list of their present partners.
Restaurants
Bennigan's
Black Angus/Cattle Company Steakhouse
Bonanza Steakhouse
Buca di Beppo
Chili's Grill & Bar®
Maggiano's Little Italy®
On The Border Mexican Grill & Cantina®
Ponderosa Steakhouse
Red Lobster
Romano's Macaroni Grill®
Steak & Ale
Home
Ace Hardware
Bed Bath & Beyond®
Bedroom Expressions
Big City Chefs
Callaway Golf
Cooking.com
Crutchfield
Denver Mattress Co.
Furniture Row Outlet
K B Toys
Kalamazoo Outdoor Gourmet™ Grills
Lawn-Boy
Oak Express
Pep Boys
Pier 1 Imports
The Sharper Image®
Sofa Mart
Sprint
Staples®
Entertainment
AMC Theatres®
BLOCKBUSTER®
BLOCKBUSTER Online®
Borders Books & Music®
Fandango
Great American Days
Hollywood Video
Reader's Digest
TicketsNow.com
Waldenbooks®
Gifts
Ethel M Chocolates
FTD.COM®
Lobster Gram®
M&M's World
Mrs. Fields
Omaha Steaks
Travel
Carnival® Cruise Lines
Celebrity Cruises®
Enterprise Rent-A-Car
Holland America
Hyatt® Hotels & Resorts
Norwegian Cruise Line
Princess Cruises
Royal Caribbean® International
Samsonite® Company Stores
Electronic Certificates
Big City Chefs
BLOCKBUSTER Online®
Callaway Golf
Cooking.com
Crutchfield
Enterprise Rent-A-Car
FTD.COM®
Fandango
Great American Days
Kalamazoo Outdoor Gourmet™ Grills
L.L. Bean
Mrs. Fields
Omaha Steaks
Ultra Diamond Outlet
Charities
American Red Cross
Junior Achievement
Juvenile Diabetes Research Foundation
Make-A-Wish Foundation®
Shop Discover Card - The Shop Discover is another great feature of all Discover cards. When you use your Discover card to shop at partner merchants from Discover's website, you will get discounts. Below is a sample of what you may get
Barnes and Nobles - 7% cash back
Overstock.com - 5% discount
FTD.com - 20% cash back or discount.
Fees and Rates - The Discover® More(SM) Card has no annual fee. The APR ranges from 10.99% to 18.99%. You also get a 0% APR on balance transfer for 12 months for balance transfers and purchases. The grace period on purchases is 25 days, more than the standard 20 days used by most credit cards. The average daily balance method is used to calculate monthly balances.
Important Discover Card Features - Discover Cards allow you to download your credit card statements to Quicken and Microsoft's Money. You can also change your statement bill due date to match your other credit cards.
Verdict - I highly recommend the Discover® More(SM) Card because of its great features.
While the tiered rebate formula is actually not impressive,
you are compensated by other great features. Firstly, you can earn 5% rebates from GET MORE Merchants partners. While there are credit cards that allow you to earn 5% rebates on supermarket, gasoline and pharmaceutical purchases, no other credit card allows you to earn 5% rebates from other types of merchants. Furthermore, you can double the value of your cash rebates by exchanging them for gift certificates of merchant partners. Lastly, you can save more money by purchasing goods from ShopDiscover.com.
To fully make use of this card, you have to be vigilant and be on top of things like which merchant is in the Get More Partner in a given month, and check which merchants are in ShopDiscover.com (because they rotate and change). You should also check and see if you could see yourself exchanging rebates for any of its cash back bonus partners. If you are a
bargain hunter and keep track of these things, then the Discover® More(SM) Card will make a great card for you.
Different Designs - Discover Cards have over 150 designs to choose from. Below are just a sample of four popular choices.
Positives
Up to double the value of your rebatesNo annual fee25 day grace period for purchasesEarn unlimited rebates5% cash rebate on Get More Purchase partners
| Rebate Percentages |
Tiered rebate system
Earn 5% cash rebate on Get More Purchase program
Earn 0.25% rebate for annual expenditures up to $1,500
Earn 0.50% rebate for annual expenditure between $1,500 and $3,000
Earn 1% rebates once annual spending exceeds $3,000 |
| Credit Limit |
Up to $50,000 |
| Introductory rate |
0% introductory APR on balance transfers and purchases for 12 months |
| Annual Fee |
No annual fee |
| Purchase APR |
10.99% to 18.99% |
| Balance Transfer APR |
10.99% to 18.99% |
| Cash Advance APR |
20.99% to 23.99% |
| Penalty/Default Rate APR |
Up to 28.99% |
| Min Finance Charge |
$0.50 |
| Grace Period |
25 days |
| Balance Calculation Method |
Average daily balance (including new purchases) |
| Balance Transfer fee |
3.00% for each balance transfer made under this offer, with a minimum of $10 and a maximum of $75. |
| Cash Advance fee |
3% min $5.00 |
| Over-the-credit-limit fee |
$15 on balances up to $500, and $39 on balances over $500. |
| Late Payment fee |
$19 on balances up to $250 and $39 on balances over $250. |
Apply for the Discover® More(SM) Card
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