About Discover More Card

  • 0% intro APR on purchases and balance transfers for 14 months, then the variable standard purchase APR of 10.99% - 20.99%*
  • Earn 5% Cashback Bonus on up to $1,500 in purchases at Department Stores and everywhere you shop online through December, as well as in categories that change throughout the year like gas, restaurants, and department stores up to the quarterly maximum. It's free and easy to sign up.*
  • Up to 20% Cashback Bonus at popular retailers when you shop online through Discover.com
  • Discover is ranked #1 in customer loyalty--16 years in a row! (2012 Brand Keys Customer Loyalty Engagement Index report)
  • 24/7 access to a U.S.-based Account Manager within 60 seconds
  • $0 Fraud Liability. You're never responsible for unauthorized charges on your Discover card account, plus mobile and email fraud alert options
  • Great rewards with no annual fee, no rewards redemption fee, and no additional card fee
Overall Rating
Editor Rated
Consumer Rated
  • Simon Zhen's Profile Image

    By Simon Zhen, Aug 15th 2012

    Editor Rating

    Discover More is a very popular cash back credit card mostly due in part to its 5% cash back program.

    Like Chase Freedom and Citi Dividend Platinum Select, Discover More only offers bonus cash back on select categories that rotate every quarter. Unlike its two competitors, however, Discover More imposes a $3,000 spending threshold before customer receive 1% cash back on all non-bonus purchases.

    The Discover More card shines with its low APR range, which is uncommon for a card with cash back. Also, the card doesn't have foreign transaction fees -- a good sign for those who want to carry this card when traveling internationally.

    Combined with some cool online and mobile features and you can see why the Discover More card is so popular.

    Pros Cons
    Up to 5% cash back There is a spending threshold for 1% cash back
    No foreign transaction fee
    One-time account number generator

    Annual fee

    Its competitors, in the Chase Freedom and Citi Dividend cards, do not carry an annual fee, so it isn’t a surprise that the Discover More card has none either.

    Other fees/charges

    Discover does not charge foreign transaction fees, so cardmembers do not have to pay the 3% fee that is commonly found with other credit cards. Because of the feature, you can bring this card with you when you travel overseas and still earn cash back.

    Also, the Discover More card does not charge an over-the-limit fee. It doesn’t mean you can spend frivolously with the card though. Discover may opt to deny transactions on a case by case basis.

    Interest rates

    One of the most enticing attributes of the Discover More card is the APR range, which stands at 10.99% to 19.99% (subject to change and may vary by card agreement). Compared to most credit cards that offer some form of rewards or cash back, the APR on the Discover More card is relatively low.

    With a good credit history, you could potentially lock in an interest rate of 10.99%, which is better than many credit card that don’t offer any kinds of neat perks or rewards.

    The lower-than-usual APR range could be due to the less competitive cash-back structure for non-bonus spending, which you can read more about in the next item on the list.

    Rewards/Perks

    Discover More cardmembers can earn 5% cash back on various purchase categories that changes every three months in the calendar year. Discover is kind enough to provide a schedule of the categories so that you can actually plan major purchases to maximize the amount of cash back earned.

    Some of these categories show up more than once during the year, but they tend to be in categories that matter all year round. For example, in 2012, bonus cash back is available on gas and movies in two quarters.

    But, Discover places a cap of $75 on cash back from bonus categories per quarter, which is equivalent to $1,500 in spending. And, cardmembers have to sign up for 5% cash back or they won’t earn it even if they did spend in the bonus categories.

    Probably the biggest drawback about the Discover More card is the threshold required to earn 1% cash back on non-bonus purchases. For the first $3,000 spent in the calendar year, you only earn 0.25% cash back. After that you, get 1% cash back on these purchases.

    On that amount of spending, cards with a fixed 1% cash back would have earned $30 cash back while Discover More card users receive only $7.50 cash back. Over the life of the cardmembership, it could add up to a large chunk of change.

    Misc.

    Discover’s mobile applications offer standards functions including the ability to check balances and credit limits, pay balances and review transactions. Cardmembers can also sign up for 5% cash back directly through the apps.

    Discover cardmembers can redeem their cash back through electronic certificates that can be entered online or scanned in-store (through the mobile app) during checkout.

    Another customer-favorite is the ability to create secure online account numbers, which are randomly generated with the purpose of hiding your real card number -- reducing the chance of fraud.

    Learn more about the current Discover More offer if you think it is right for you.

    (Disclosure: MyBankTracker was not compensated for the publishing of this review. However, MyBankTracker does receive compensation for successful signups through affiliate links.)

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