Discover More

Est Annual Rewards, Net
$194
of Cash
 Discover More Credit Card
Reward RateReward DetailsAnnual Fee & PromosAPR, variableIntro APR Promotions
0.25% for first $3,000 /yr then 1.00 % thereafter.
  1. Earn 0.25% on purchases
  1. 5% all year on a revolving category
  2. 0.25% on first $3,000 spent each year
  3. 1% after
 Fee:$0
Promo: None 		Min Apr: 11.99%
Max Apr:20.99%
Default: 25.99%
Cash Adv: 23.99% 		Purchase:0% for 6 mos.
Transfer:0% for 12 mos.
Card Details
  • 5% Cashback Bonus® in categories like travel, home improvement stores, department stores, gas, restaurants, pet stores and many more
  • Up to 1% unlimited Cashback Bonus® on all other purchases
  • 5% to 20% Cashback Bonus® through our exclusive online shopping site
Finance Charge Calculator
Use the sliders to the left to calculate balance transfer interest and APR interest for this particular card.
Finance Charge, Balance Transfer*
TypeInterest
Balance Transfer Fee, 4.0%$400
Promo APR, First 12 months$0
APR, 24 months$2,803
Total$3,203
* calculations assume a balance transfer of $10,000 over 3 years.

Effective Annual Rate for Balance Transfers of 9.7% includes transfer fees and APR promotions. EAR>APR because APR is compounded monthly while EAR is compounded annually.

Effective Annual Rate, Purchases
Promo EAR, 6 months0.00%
Ongoing EAR, 30 months12.67%
Total EAR, 36 months10.45%
APR Rankings
APR 11.99% ranks # 60 out of 313 cards. Average is 13.66%.
Balance Transfer Fee 4% ranks # 218 out of 305 cards. Average is 3%.
Cash Advance APR 23.99% ranks # 148 out of 304 cards. Average is 22.19%.

Rewards Rankings
Annual Fee $0 ranks # 1 out of 322 cards. Average is $19.
Base Reward Rate 0.25% ranks # 229 out of 248 cards. Average is 0.95%.
Effective Reward Rate 0.9% ranks # 216 out of 248 cards. Average is 1.04%.
Sign-up Bonus $0 ranks # 317 out of 317 cards. Average is $35.

Rewards Type: Cash
Signing Promotion
 $0
Estimated Annual Rewards
$21,600 * 0.90% 		$194
Annual Fee, 3 yr avg
 $0
Annual Rewards (Rewards less Fees) $194

NerdWallet's Review

The tiered rebate structure of the Discover More card makes it appear to lag behind competitors from a rewards perspective.  However, this is deceiving as the card offers possibly the highest cash rebates on the market.  Below is an overview of the cash back structure. 

Tiered Cash Back Rebate Calculation:

The cash back rebate is based on annual spending on the card.

  • 0.25% on first $1,500 spent each year
  • 0.5% on the next $1,500 spent (i.e. $1,500 – $3,000)
  • 1.0% after $3,000 annual spend
  • Unlimited rebates which never expire

Revolving 5% Cash Back Feature

The Discover More card offers a unique way to enjoy additional rebates, by offering 5% cash back on various categories of purchases that change on a quarterly basis.

  • First Quarter: 5% rebates on airlines, hotels, car rentals and cruises
  • Second Quarter: Rebates on home and fashion retailers
  • Third quarter: Gas, hotels and theme parks
  • Fourth quarter: Supermarkets, restaurants and movies 

Additional Features:

When you log in to ShopDiscover.com to access more than 100 online retailers, you will receive 5-20% cash back bonuses.  

For the discerning consumer that is attentive to changes in which merchants are part of the Get More Partner Program each quarter, and use ShopDiscover.com to access online retailers, this card is a great option.

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