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NerdWallet > Rewards Credit Cards > First National Omaha Discover(R) Card
Review / Compare / Reward Calculations / Interest Calculations / Rankings / Comments
First National Omaha Discover(R) Card
First+National+Omaha Discover%28R%29+Card Credit Card

(3/5 - 20 Votes)
Net Annual Rewards
$354
of Cash
Reward Rate
0.88% for first $10,000 /yr then 5.00% until $13,750 /yr, then 1.00%
Annual Fee
$0
Signing Promo
None
APR, variable*
Min APR:
13.99%
Max APR:
19.99%
Default:
29.99%
Cash Adv:
25.24%
Intro APR Promotions
Purchase:
0% for 12 mos
Transfer:
0% for 12 mos
Summary
  • 0.5% on first $2,500
  • 1% until $10,000 total
  • 5% from $10,000 to $13,750
  • 1% thereafter
  • Basically, if you spend exactly $13,750 you'll get 2% back, anything less or more and you're under 2%

Compare To Our Most Popular Cards For The Category

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Compare To Blue Cash Preferred℠ Card from American Express

Why do we think you should consider this card?

Earn $150 cash back after spending $1,000 in eligible purchases in the first 3 months of Cardmembership

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Reward Details & Calculator

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Rewards Type: Cash

Signing Promotion
$0
Estimated Annual Rewards
$21,600 * 1.64%
$354
Annual Fee, 2 yr avg
$0
Annual Rewards (Rewards less Fees)
$354

Calculate Interest & Finance Charges

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Use the sliders to the left to calculate balance transfer interest and APR interest for this particular card.

Finance Charge, Balance Transfer of $10,000*

Balance Transfer Fee, 3.0%
$300
Promo APR, First 12 months
$0
APR, 12 months
$1,537
Total
$1,837

*Average APR for Balance Transfers of 8.5% includes transfer fees and APR promotions.

Effective Annual Rate, Purchases

Promo EAR, 12 months
0.00%
Ongoing EAR, 12 months
14.92%
Total EAR, 24 months
7.20%

APR Rankings

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APR
13.99%
ranks #1364 out of 1751 cards.
Average is 11.78%.
Balance Transfer Fee
3%
ranks #905 out of 1639 cards.
Average is 1.67%.
Cash Advance APR
25.24%
ranks #888 out of 1002 cards.
Average is 18.74%.

Rewards Rankings

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Annual Fee
$0
ranks #1 out of 1773 cards.
Average is $9.
Base Reward Rate
0.88%
ranks #864 out of 963 cards.
Average is 0.99%.
Effective Reward Rate
1.64%
ranks #22 out of 958 cards.
Average is 1.04%.
Sign-up Bonus
$0
ranks #1762 out of 1762 cards.
Average is $33.
Credit Card Review: First National Omaha Discover(R) Card


Author:
NERDBOT

Should you get the First National Omaha Discover(R) Card? We'll give you the ins and outs of this card and give you a head-to-head comparison with the Blue Cash Preferred℠ Card from American Express. Also, be sure to check out our interactive credit card comparison tool.

NerdWallet Review: The First National Omaha Discover(R) Card

Promotional APR period: The First National Omaha Discover(R) Card offers an intro APR period. This gives you the chance to make a big purchase and pay it off interest-free for a while.

No annual fee: The card doesn't have an annual fee. No-fee cards are ideal for those looking to keep the account open for a long time. Keeping no-fee accounts open boosts your credit score. Check out more no-fee cards here.

Credit Card Showdown: First National Omaha Discover(R) Card vs. Blue Cash Preferred℠ Card from American Express

Lower rewards rate: The First National Omaha Discover(R) Card's base rewards rate is lower than its competitor's. A decent base rewards rate is important if you're planning on using the card as your go-to. However, many cards give excellent rewards on bonus categories but don't necessarily have the flashiest base rates.

Same late payment fee: The First National Omaha Discover(R) Card has a late fee that's the same as the one on the Blue Cash Preferred℠ Card from American Express. Ideally, you shouldn't have late payment fees anyway. In addition to the late fee, you might get stuck with a big penalty APR that lasts six months or more.

Smaller signup bonus: The First National Omaha Discover(R) Card has a smaller signup bonus than its competitor, so you're leaving a bit of money on the table. Obviously that isn't the end of the story, though - you also have to consider annual fees, ongoing rewards, and so forth.

Read the full review of the Blue Cash Preferred℠ Card from American Express on our blog

  • Daniel Rosensweig

    Why does this card always pop up first for me under cash rewards? The rewards calculator is currently multiplying my spending by a 12.16% rewards rate. When I previously gave the calculator a higher monthly balance, it was multiplying by a 4.52% rewards rate. (That higher amount was more accurate for what I spend on credit cards in total, but would not likely all apply to this card.) Regardless, though, neither of those rewards rates is even REMOTELY close to what the terms above state. 0.88% for all purchases up to $10K, and there’s no way I’d ever spend more than $10K on the card in a year. So what gives? Why is the calculator making up these other numbers for the rewards, and giving me a totally inaccurate figure on what I’d get back? It seems to be mostly accurate for the other cards that pop up.

    • Heronva

      Actually, the NerdWallet calculations are correct. Unless you uncheck Discover, it will continue to come up in your credit card research because it falls with in your review search. From running an Excel spreadsheet of the percentages used, this card would be beneficial to someone who spends big dollars. The 0.88 is the average reward percentage acrruded at 10K. However, I agree with you, unless I am making a highend purchase (down payment on a car, furniture, etc,) this card would not be beneficial to me nor would the PNC Visa at 1.75%.

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