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• Pay-On-Time Bonus equal to a full month's interest every time you make 6 on-time payments in a row
• Up to 1% unlimited Cashback Bonus® on all other purchases
• 5% to 20% Cashback Bonus® through our exclusive online shopping site
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Discover® MotivaSM Card
Discover Motiva Card
The Discover Motiva Card is a credit card that allows you to get rewarded when you make every day purchases. Unlike some other cards which give you cash back on purchases, it comes with no annual fee.
If you use your card to make more than $3000 of eligible purchases in a one year period, you will be able to earn a 1% cash back on the value of your purchases. Use your card for grocery shopping and get double the rwards during the months of November and December. Discover also features an exclusive online shopping site, in which you get a cashback bonus from 5 to 20%. This is great for regular online shoppers.
You can redeem your rewards in the form of a credit on your statement, an electronic transfer to your bank account or if you like to shop at certain selected retailers, such as the GAP or FTD.com, discover will double your rewards when you redeem for a gift card from those establishments. There are over 100 merchants that you can choose from.
Cardholders are also given great convenience and flexibility. For example, you have the ability to chose a due date that fits best with your schedule and can make free online or telephone payments, even on the day of your due date.
The Discover Motiva Card also comes with a very low promotional interest rate of 3.99% for the first six months, which is much lower than other card issuers that typically charge you several times that much. The interest rate stays at 3.99% for 12 months for balance transfers, which can save you money if you have balances on other credit cards that charge you high interest. After the promotional period is over, the APR is variable from 10.99% to 18.99% depending on certain factors such as your credit history, however it still stays very competitive with other issuers in the Credit Card industry.
This Discover card also comes with many additional benefits, such as email reminders that help you keep tract of your due dates, $0 fraud liability and advanced fraud monitoring and a 24/7 fraud reporting hotline, so that you can feel confident using your Discover card.
A few drawbacks is that Discover cards in general are not as widely accepted as others and can only be used in very few locations when you travel overseas. Also, in order to qualify to get the most cash back rewards (1%), you must remember that you need to charge $3000 or more to the card each year. You are given 0.25% on the first $1000 in purchases, then 0.5% on the second $1500 in transactions and finally 1% after $3000.
In order to really benefit from the savings that this credit card has to offer, you would need to pay your monthly balance in full each month before the due date. Otherwise, you will end up paying interest charges that would be more than the amount of cash back that you can expect to get.
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Introductory Offer
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Introductory Term
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Annual Fee
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Late Fee
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Credit Required
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3.99% Intro APR*
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6 Months*
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None*
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Label
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Excellent
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