The Discover® More Card has a limited time offer on balance transfers which waives the balance transfer fee. The Discover® More Card – No Balance Transfer Fee is a cash rewards card with features above and beyond any regular spending and rewards program. This is a rewards card that is designed to meet the needs of those with good to excellent credit. The card gives members the opportunity to earn cash back on every purchase and offers up to 5% cash back in rotating categories. The card offers a special introductory rate of 0% for both purchases and balance transfers. Members get to take advantage of all the perks this card offers and there is no annual fee. You have to demonstrate good credit standing, this is the only requirement Discover has for cardholders to start earning cash rewards. Here are the card features:
- Limited Time – No Balance Transfer Fee
- Promotion only valid through February 28, 2011
- 0% intro APR on balance transfers for a 12 months, then the Regular APR
- 0% intro APR on purchases for a 12 months, then the Regular APR
- 5% Cashback Bonus® in categories that change like travel, gas, groceries, restaurants, home improvement stores and more
- Up to 1% unlimited Cashback Bonus on all other purchases
- No Annual Fee
Rates and Offers
The Discover® More Card has a special promotional offer on balance transfers. New credit card members will receive 0% on balance transfers for the first 12 months and there will be no balance transfer fee. You must make all balance transfers before February 28th, 2011 in order for this 24 billing cycle offer to apply. There is no balance transfer fee for balance transfers made before February 28th, 2011. After that, the balance transfer fee will be 5% of the transferred amount or $10 dollars, whichever is greater. In addition, the card gives 0% on purchases for the first 12 months. After the introductory period, the APR will be 11.99% to 19.99% based on your creditworthiness. The APR for cash advances is 23.99% and the penalty APR is 16.99% to 25.99% based on your creditworthiness and other factors.
Cash Back Program
The Discover® More Card features the Cashback bonus program. This is Discover’s popular rewards program that earns you Cashback bonuses on every purchase you make. There are plenty of ways to earn rewards with seasonal purchases and flexible redemption options. Check out the details below:
- Earn between 5% and 20% Cashback bonus – You’ll earn an increased percentage of Cashback bonuses when you shop online with over 150 retailers through ShopDiscover.com, Discover’s exclusive online shopping mall!
- Earn 5% Cashback bonus on shopping categories – You can earn 5% Cashback bonus on seasonal spending categories that change each yearly quarter. You enroll in each spending category as the calendar date arrives, giving you even more chances to accrue Cashback bonuses every season!
- Earn up to 1% Cashback bonus on all other purchases – Your Discover® More Card earns you .25% Cashback bonus on every purchase up to 3,000 dollars yearly. After that, you’ll earn an unlimited 1% Cashback bonus on every purchase you make!
5% Cash Back Details
With this card you can earn 5% cash back in rotating categories. This means every couple months you can earn 5% back in a different category. From January through March, cardmembers can earn 5% Cashback Bonus on up to $800 in purchases for travel and restaurants. Throughout March, cardmembers can earn 5% Cashback Bonus on up to $200 in purchases at grocery stores and drug stores. From April through June, cardmembers can earn 5% Cashback Bonus at home improvement, department and clothing stores. From July through September, cardmembers can earn 5% Cashback Bonus at gas stations, hotels, theme parks and movies. From October through December, cardmembers can earn 5% Cashback Bonus at department stores, clothing stores and restaurants.
Discover Fees
To see a complete list of fees associated with using the Discover More Card you should review the terms and conditions. The table below highlights some of the current fees. You can apply for the card online today.
| Description | Fee |
|---|---|
| Foreign Currency Transaction Fee | 2% of the U.S. dollar amount of each purchase made in a foreign currency |
| Annual Fee | $0 |
| Minimum Finance Charge | $0.50 |
| Balance Transfer Transaction Fee | 5% of the amount of each transfer made under this offer; otherwise, either $10 or 5% of the amount of each transfer, whichever is greater. |
| Late Fee | Up to $35 |
| Cash Advance Transaction Fee | 5% for each cash advance, with a minimum of $10 and no maximum. |
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