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The Discover® More(SM) Card was last reviewed on 26th
July 2009
Summary - The Discover® More(SM) Card (formerly Discover Platinum Card) is perhaps the card that will allow you to get the most cash back, rewards if you use it properly. It gives you more cash rebates on more items than any other card on the market today. This will be a lengthy review because Discover does not disclose its' merchant partners unless you have the card. But we do and so there will lots of screenshots and pictures. Below is a main summary of its' features before we get into the proper review.
5% rebates on Airlines, Hotels, Car Rentals and Cruises, Home Improvement Stores, Department Stores and Clothing Stores, Gas Stations, Hotels, Theme Parks, Zoos, Bookstores, Grocery Stores, Restaurants, Movie Theaters, Movie Rentals
5% and 20% rebates (I look at them more like discounts) at over 100 online retailers like GAP.com, OldNavy.com, Dell.com, BestBuy.com!
You can also Double the value of rebates that you have earned if you redeem them for select gift cards (over 100 partners).
0% Intro APR for 6 months on Purchases, and up to 12 months on Balance Transfers*
One of the rare cards that give 25 day grace period
Seperate card number for online shopping - extra security
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 Rotating Categories - Discover gives 5% rebates on various categories that rotate once every quarter. In the first quarter, you earn 5% rebates for airlines, hotels, car rentals and cruises. For the second quarter, you earn rebates on home and fashion retailers. In the third quarter, it is gas, hotels and theme parks. In the fourth quarter, it is grocery stores, restaurants and movies.
Shop Discover Card - The Shop Discover is another great feature of all Discover cards (and perhaps the best). When you use your Discover card to shop at partner merchants from Discover's website (shopdiscover.com), you will earn anywhere between 5% and 20% discounts. So rather than going directly to the merchants' website, all you have to do is just to login into your account and navigate to the merchant's site from there (it is essentially the same site - but it tracks your purchases made on your Discover Card). Below is the full list of their merchant partners and the discounts you can get..
Double the value of your rebates - But best of all, 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.
Fees and Rates - The Discover® More(SM) Card has no annual fee*. The APR ranges from 11.99%* to 19.99%*.
You get 0% Intro APR for 6 months on Purchases, and up to 12 months on Balance
Transfers*. 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. 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% to 20% 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 every quarter, and remember to go to online retailers websites via ShopDiscover.com. 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 |
Intro APR for 6 months on Purchases, and up to 12 months on Balance Transfers* |
| Annual Fee |
No annual fee* |
| Purchase APR |
11.99% to 19.99%* |
| Balance Transfer APR |
11.99% to 19.99%* |
| Cash Advance APR |
23.99%* |
| Penalty/Default Rate APR |
Up to 29.99%* |
| Min Finance Charge |
$0.50* |
| Grace Period |
25 days* |
| Balance Calculation Method |
Average daily balance (including new purchases)* |
| Balance Transfer fee |
5.00% for each balance transfer made under this offer* |
| 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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