Discover Credit Card Options

One of the four major brands of credit card issued in the United States, Discover cards are the newest entrant to the financial marketplace. In 1985 Sears was the largest retailer in United States and thought to enter the financial arena. To do this, Sears released a credit card, the Discover Card, to rival Visa and MasterCard.

The Discover Card gained a national following rather quickly thanks to no annual fee and higher credit limits than other credit cards of the day. Cardholders were also able to earn cash back bonuses which are still in effect. Then consumers earned 2%, but today Discover Card consumers can earn as much as 5% back toward their account balance. Sears ran into trouble with the Discover Card as many other retailers didn’t accept it thanks to the Sears backing. The other retailers simply didn’t want to help the competition. Eventually the Discover Card was sold along with the brokerage firm, Dean Witter which was responsible for the card until Discover Financial Services became an independent company in 2007.

Discover offers at least seven credit cards designed to suit all walks of life.

Discover More Card

With Discover More Cards you can earn a full 5% cash back bonus on qualified purchases such as travel, gas, groceries and more. You also earn 1% on all other purchases. Discover's More Card can also be used in a special online store where cash back earnings can reach as high as 20%. Currently, the More Card offers 0% APR on purchases for six months and balance transfers for twelve months.

Discover Open Road Card

Discover's Open Road Card is tailored for gas and automobile related purchases. These items earn the full 5% in cash back bonus as well as 1% on all other purchases. The online Discover store is also available with the card where you can earn 5-20% in cash back rebates. The Discover Open Road Card is currently offering twelve months of 0% APR on balance transfers and six months for purchases.

Discover Motiva Card

If you pay your bill on time with the Motiva Card, you will be rewarded. The card offers a Pay-on-Time bonus equal to a full month’s interest after you make six payments in a row on time. The Motiva card also offers you 1% in cash back reward on all purchases as well as 5-20% cash back when the card is used in the special Discover online store. While not a 0% APR, the Motiva Card does offer a 3.99% introductory Annual Percentage Rate for twelve months on balance transfers and six months on purchases.

Miles by Discover Card

Earn one mile for every dollar spent using the Miles by Discover Card. You can earn even more miles by shopping online with Double Miles at the exclusive online Discover store. Currently the Miles Card by Discover is offering a 0% interest rate for both purchases and balance transfers for six and twelve months respectively.

Discover Student Card

The student version of the Discover cash back program offers you 5-20% cash back for purchases made in the exclusive online store and 1% back for purchases made elsewhere. The student card from Discover offers six months of 0% APR with interest rates as low as 16.99% after the introductory period.

Discover Business Card

The standard business card by Discover offers a 5% cash back reward on office supplies, 2% on gas and 1% on everything else. There are extra awards available through the special online Discover site as well. Currently Discover Business Cards have a 0% APR on purchases for twelve months and 3.9% APR for balance transfers for six months.

Discover Business Miles Card

Earn one mile per dollar spent except on gas and travel purchases where you will earn double miles with the Business Miles Card. You can also earn double miles by shopping in the exclusive online Discover store. Discover Business Miles Cards offer a 0% APR for the first twelve months on purchases and a 6% APR on balance transfers for six months.

More Issuers of Credit Cards

American Express - Bank of America - Capital One - Chase
Citibank - HSBC - Visa - Mastercard