Discover More Clear Credit Card Review

The consumer is definitely the king with Discover Card. And when it comes to pleasing him with a plethora of goods and services to satisfy his taste and preferences, nothing beats the commerce and industry takes, and this is how it looks considering the markets world over.

The Discover More Card - Clear makes sure that this aim is fulfilled within good levels. The main highlights of this card are enumerated below-

The so called Annual Percentage Rate (APR) for Purchases is 0% until the last day of the billing period ending during September 2008; then the standard APR, a rate between 10.99% and 18.99%. There is another catch here too. The other APRs Balance Transfers comprise of 0% until the last day of the billing period ending during September 2008; then the standard APR for purchases. The Default Rate could shoot up to 28.99%, and the Cash Advances can work up to a decent 20.99%. The Grace Period for Repayment of the Balance of Purchases is at least 25 days when you pay your balance in full each month Method of Computing the Balance for Purchases Two-cycle Average Daily Balance that is inclusive of the new purchases. The Annual Fee is nil, thankfully, and the minimum finance charge is $.50. This does make up for an attractive strategy in getting more customers over a period of time.

The cash advance transaction fee is 3% for each cash advance, with a minimum of $5 and does not have a maximum limit. The late fee could mount up to $15 on balances up to $500, and $39 on balances over $500. For billing periods ending after 10/1/2007, $19 on balances up to $250 and $39 on balances over $250. The over limit fee of this card goes up till $15 on balances up to $500, and $39 on balances over $500. The balance transfer fee is 3% for each balance transfer made under this offer, with a minimum of $10 and a maximum of $75. In case if you are late making a payment, they may increase your APRs to the Default Rate. Your Default Rates are determined based on factors such as your current purchase APR, your payment history with us and your general credit history. See the Cardmember Agreement for details. Another important feature of the Discover Clear Card remains that the actual rate will be based on our evaluation of your credit and will be disclosed with your Card.

The Discover More Card - Clear makes for an interesting proposition. One can earn unlimited cash rewards on all purchases. Earn 5% Cash back Bonus on purchases throughout the year by participating in each Get More program. In addition, earn a full 1% on all other purchases after your total annual purchases exceed $3,000; other purchases that are part of your first $1,500 earn .25% and other purchases that are part of your second $1,500 earn .50%. Purchases made at select warehouse clubs, discount stores and their affiliates earn .25%. Rewards are redeemable in $20 increments. Full terms and conditions will be sent with the card.

They can also offer you special Cash back Bonus for opening and using your account in connection with the application of this card. If that is the case then, the special Cash back Bonus will be added to your Cash back Bonus account within 10-12 weeks after you use your Card to make a purchase within 6 months of your account opening date. Limit one offer per Card member. If as of the date we determine your eligibility for this offer your account is closed or delinquent, you will not receive this special Cash back Bonus. It looks like there is something enough for everyone that this card has to offer, and that is quite some relief.

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