Review: The Best Discover Card For Cash Back Rewards

If you have good credit history and are looking for a Discover card with cash back programs, the Discover More card may be what you’re looking for. With up to 5% rebates and double cash back options, it can prove a real value in your wallet.

Rebates

Discover offers cardholders a 5% rebate on all purchases for pre-defined categories such as home, gas, restaurants, movies and plenty of other common expenses. Chances are, majority of your regular, year-round credit card charges will qualify for the maximum rebate.

For general expenses not covered in the pre-defined categories, you can get a .25% rebate for everything bought under a $1500 spending for the year. Between that and $3000, you can get a flat .5% cash back. A full 1% is given for any other sale that goes through past $3000.

If you decide to cash in your cash back bonus in the form of rewards, you get double its value. A thousand dollars in rebates during the year, for instance, will allow you to buy $2000 worth of products from Discover Card’s partner merchants.

Fees And Charges

Discover More doesn’t charge an annual fee. Additionally, it offers 0% interest on all first-year purchases and balance transfers. APR for the second year will be computed based on the customer’s credit behavior during the first year - if you carry over balances month to month, the higher it is likely to be. If you pay balances in full, however, you can expect especially low finance charges.