The Discover® Motiva(SM) Card, issued by Discover, is designed for those with very good credit who are looking to earn cash rewards by paying on time and making purchases.
Through the reward program, cardholders earn a 5% to 20% Cashback Bonus at top retailers through Discover's exclusive online shopping site, and they get up to a 1% Cashback Bonus on all other purchases.
There is no yearly limit on the amount of rebates that can be earned, and rebates do not expire as long as the account is active within a 36-month period.
Cardholders will also be eligible to earn a pay-on-time bonus. Each time cardholders make six on-time payments in a row they will receive a credit towards the payment of their next month's interest. Cardholders will be eligible to receive the pay-on-time bonus twice a year, every year when monthly payments are received on time.
The card has no annual fee, an attractive 3.9% introductory rate on purchases for six months, and a 3.9% introductory rate on balance transfers for twelve months. The APR for this card is reasonably low for those who qualify.
Aside from the reward program, the card also provides several cardholder benefits, including up to $500,000 in travel accident insurance, auto rental insurance, and various fraud and security protection services.
Therefore, those who plan to spend over $3,000 a year (to earn the 1% cash rebate), plan to use their Cashback Bonus® award at participating online retailers (to earn additional cash rebates), plan to pay in full each month after the introductory rate expires (to avoid costly finance charges), and pay on time every month will benefit most from what the Discover® Motiva(SM) Card has to offer.
*It is important to note that like many cash reward cards, the highest rebate offered will not apply to all purchases made with the credit card. In this case, 1% will be applied only to those purchases made after the cardholder spends over $3,000 in one year, so the overall cash rebate earned will be less than 1%, depending on the amount spent. For instance, if the cardholder were to spend $4,000, only $1,000 of this amount would be applied towards the 1% rebate. However, this does not take into account any promotional offers.
This review was updated 2008-05-08T00:00:00.0000000-07:00
| Type Of Rewards: |
Rebate |
| Reward Program Optional: |
No |
|
Optional programs may have a fee. See Data for details. |
For Cards with Cash Back Incentives
| Lowest Possible Rebate: |
.25% |
| Highest Possible Rebate: |
20% |
| Additional Rebates: |
Earn a 0.25% rebate at select warehouse clubs and discount stores. Earn 5%-20% Cashback Bonus at participating top online retailers through Discover's exclusive online shopping site. |
| Rebate Details: |
Earn a 0.25% rebate for up to $1,500 in general spending; 0.5% for over $1,500 up to $3,000; and 1% for over $3,000. Cardholders will also earn .25% rebate on purchases made at select warehouse clubs, discount stores and their affiliates. Rewards are redeemable in $20 increments only. |
For Cards with Point Incentives
| Points Per Dollar Spent: |
n/app |
| Additional Points: |
n/app |
| Point Details: |
n/app |
For Cards with Airline Incentives
| Miles Per Dollar Spent: |
n/app |
| Additional Miles: |
n/app |
| Program Details: |
n/app |
Rewards Expiration Period: None
Annual Limit: None
Additional Credit Card Perks
Various Internet account related services.
Fraud and security protection services.
No liability for unauthorized transactions.
Up to $500,000 in flight insurance.
Auto rental insurance.
Access to Pay-On-Time Bonus.
Access to 5%-20% Cashback Bonus at top online retailers through Discover's exclusive online shopping site.
Flexible payment due dates.
See website for additional benefits.
Special Notations about the Discover® Motiva(SM) Card
*The APR for purchases and balance transfers varies according to the applicant's credit history and may range from 10.99% - 18.99%.
See website for complete terms and conditions of card usage and application disclosure.
Always read the credit card's Data before applying!
