The Discover® Motiva Card from Discover, is meant for people with very good credit and who want to earn cash rewards by making timely payments and purchases. It is certainly one of the excellent choices from amongst the various cards due to its great credit card rewards program.
The reward program offers cardholders who spend up to $1,500 on general purchases a .25% rebate, $1,500- $3,000 attracts a .5% rebate, and over $3,000 earns a 1% rebate. You can also earn .25% for purchases made at certain warehouse clubs and discount stores.
For those who love online shopping, it is great. Shop for anything on Discover’s exclusive online shopping site, and you can get anywhere from 5-20% cash back. If you don’t want to utilize this benefit immediately, don’t worry because any points or cash back rebates on your card are valid as long as the card is active. Besides there is no limit on the amount you can earn in total rebate value.
If you pay by due date, you will get a pay-on-time bonus. If you manage to make 6 on-time payments consecutively, you get a credit for the payment of your next month’s interest. You can get pay-on-time bonus, 2 times a year.
Apart from the reward program, the card also comes with many cardholder benefits like travel accident insurance of up to $500,000, auto rental insurance, and different fraud and security protection services.
The introductory APR is a nominal .9% for the initial 10 months and is applicable even for balance transfers. After that, the APR is comparatively low for those eligible for the card, so ensure your credit score is completely perfect.
Tags: Credit Cards, Discover Rewards