About the card

I prefer cash reward cards best when compared to all of the other different types of rewards card programs.  Cash rebate cards offer the most flexibility.  You are not limited to miles, gift cards or points that can only be redeemed for certain items.

When friends and family ask me what I want for my birthday, Christmas, Mother’s Day, etc., my response is always the same… Show me the money!  With cash, I am allowed to decide how to spend it.  The premise remains the same with cash rebate reward cards.

The Discover® More(SM) Card - Clear is cash reward card which is issued by Discover.  This card affords me the same freedom.

The basics

• Purchase APRs between10.99% and 18.99% depending on your credit history
• 23.99% APR on Cash Advances
• No annual fee
• 25 day grace period on purchases
• Late fee:  $19 for balances of $250 or less, $39 for balances over $250
• Over the limit fee:  $15 for balances of $500 or less, $39 for balances over $500
• 3% fees on cash advances ($5 minimum and no maximum)

The perks

• Intro 0% APR on purchases for the first six months
• 0% APR for 12 months on balance transfer made in the intro period
• 3% balance transfer fee under this offer ($10 minimum and $75 maximum)
• .25% cash rebate when you spend up to $1,500 on general purchases
• .5% cash rebate when you spend between $1,500 and $3,000 on general purchases
• 1% cash rebate when you spend over $3,000 on general purchases
• Up to 5% Cashback Bonus® gas, restaurant and other qualified special purchases
• Get Cashback Bonus® when you redeem rebates for gift certificates at eligible retailers
• Earn unlimited cash rebates
• Complimentary insurance when you pay using your Discover® More(SM) Card - Clear -  $25,000 coverage in car rental insurance and $500,000 in flight accident insurance

You will like this card if you are looking for a good rebate card with a low APR and you plan to charge more than $3,000 a year.

You won’t like this card if you do not plan on charging more than $3,000 a year.

Credit card review

I like the Discover® More(SM) Card - Clear by Discover.  Well, for one, it is a cash reward card.  That means I get cash back on the items I buy everyday.  And I get even more cash back when I purchase gas or go out to the movies.

Secondly, the credit terms are liberal for a reward card. Most reward cards charge higher interest or fees for their reward cards.  But the Discover® More(SM) Card - Clear terms are comparable to that of non reward cards.  The interest is only 10.99%.  There is a 25 day grace period.  Plus, cardholders are not charged an annual fee.

The card also offers an unbelievable 12 month 0.00% APR introductory rate on balance transfers.  This is a huge plus… especially you are paying a high rate on another card balance.

However, there is one thing I am not so keen about.  In order to get the 1% cash rebate, you have to make more than $3,000 in annual purchases.  If not, then you’ll only earn as little as .5% or even .25%.

Overall rating

I give it 4.5 out of 5 stars.

Apply for your Discover® More(SM) Card - Clear here.