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The DiscoverŪ Motiva 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 rewards program,
cardholders who spend up to
$1,500 on general purchases will
receive a .25% rebate, between
$1,500 and $3,000 will receive a
.5% rebate, and over $3,000 will
receive a 1% rebate. Cardholders
will also earn .25% for
purchases made at select
warehouse clubs and discount
stores.
As an added bonus, cardholders
are eligible to earn a 5%-20%
cashback bonus at participating
online retailers through
Discover's exclusive online
shopping site. 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 and
an attractive 3.99% introductory
rate on purchases for 12 months
and a 3.99% rate on balance
transfers for 15 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 BonusŪ
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
DiscoverŪ Motiva 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 only be applied 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.
- Cash rewards for your
good credit management
- Each time you make 6
on-time payments in a row,
you'll get a Pay-On-Time
Bonus equal to a full
month's interest added to
your Cashback Bonus account
- 5% to 20% Cashback Bonus
at over 150 top retailers
through our online shopping
mall
- Up to 1% unlimited
Cashback Bonus on all other
purchases
- 3.99% intro APR on
balance transfers for a full
15 months, then the Regular
APR
- 3.99% intro APR on
purchases for a full 6
months , then the Regular
APR
Apply Now!
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