Overview: The Discover® More Card features high spending limits, no annual fee, an attractive introductory APR for purchases and balance transfers, and a reasonable APR after the introductory term with good credit. Cardholders earn rebates on all purchases, and bonus rebates are awarded for purchases made at movie theatres and other select locations. The rebate for other purchases varies. A certain amount must be spent on the card for the highest rebate to be awarded. There are no rebate limits, and rebates do not expire on active accounts. Bonus rebates are awarded when collected rebates are redeemed towards gift certificates for select retail locations. Because of the method used to calculate finance changes, this card is not ideal for those who carry a balance. Cardholders will qualify for discounts at select retail locations and receive benefits like online account access and protection against fraudulent purchases.
Pro and cons of the card:
Pros:
High spending limits
No annual fee
Low introductory APR for purchases and balance transfers
Reasonable APR after introductory term with good credit
Earn rebates on all purchases
Bonus rebates for purchases made at movie theatres and other select locations
No rebate limits
Rebates do not expire on active accounts
Earn bonus rebates when rebates are redeemed for gift certificates at select locations
Receive discounts at select retail locations
Benefits like online account access are included
Cons:
Must meet set spending levels to qualify for maximum rebate
Variable APR depending on credit history
Method used to calculate finance charges means this card is not ideal for those who carry a balance
Late payment and over the limit fees
Fees for balance transfers and cash advances
Excellent Credit
750-850
Good Credit
660-749
Fair Credit
620-659
Bad/Poor Credit
350-619
No Credit
0-0
Do You Know Your Credit Score? Find Out Now!
A credit score
is a number generally between 300-850, based on a statistical
analysis of a person's credit files. This score represents the credit
worthiness of a person. A credit score is assigned to each individual, to rate
how risky a borrower he or she is--the higher the score, the less
risk the individual poses to creditors. In most cases, your credit score will determine whether you will be
approved for a credit card.
1. Credit Scores range from 300-850, the higher the better 2. Most lenders base approval on your credit score. 3. Higher Scores mean lower payments and better deals. 4. Higher Scores mean Lower interest rates. 5. Scores are determined by 5 main categories:
Payment History
Amounts Owed
Length of Credit History
Type of Credit Used
New Credit
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Type of credit needed: Good Credit
Security Notice: All Applications utilize Secure SSL Technology for secure transmissions.