The Discover More Credit card is one of the most unique cash back credit cards offered by credit card companies these days. Its rebate formula is quite tempting as well. It has a tiered structure for its cash back features. This, however, will be based on your expenditure on an annual basis.
Through the tiered rebate formula, you will get 0.25% for the first $1,500 that you spend every year. For the addition $1,500, you will get a 0.50% rebate. If you spend more than $3,000, you will get a 1% rebate, and if you spend more than $4,500, you will earn up to 2% as your cash rebate. These rebates can be redeemed anytime you may want to as the cash backs earned will not expire.
Aside from the usual cash rebate rate, the Discover More Credit card also offers a higher cash rebate for purchases made with its affiliate shops and retailers. For purchases made from Ace Hardware, Bed, Bath and Beyond, Restoration Hardware, SHERWIN-WILLIAMS, Smith & Hawken, The Container Store, Lowes, Menard, Pier 1 Imports, The Home Depot, and more, you can earn a cash rebate of 5%.
You can also double the value of your cash rebates if you opt to trade them for gift certificates from the merchant partners of the Discover More program. That just means that if you have a cash rebate of $50, you will then get a gift certificate that will amount to a $100.
Aside from the cash rebates, you can also get a lot of discounts because of the cards “Shop Discover” feature. Using this card, you can make purchases with the partner merchants on Discover’s website and get discounts. For example, purchases made with overstock.com will get a 5% discount while those from FTD.com will get 20%.
As for the APR charges, the Discover More credit card has a variable interest rate of anywhere between 10.99% and 18.99%. There is also a Zero percent balance transfer rate for the first twelve months. Unlike the usual grace period for most credit cards that last for twenty days, the Discover More credit card offers twenty five days.
To make sure that you can maximize the features of this cash rebate credit card, you should always check which among the partner merchants of “Shop Discover” are featured for the month. You ought to keep on mind that these partner merchants rotate and change. Another thing that you should take into careful consideration is the double cash rebates than you can get. Choose which among the merchant partners can provide you with products that you greatly need and then trade your cash rebates for gift certificates.
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