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Discover Motiva Benefits

If you have a great credit history, applying for the Discover Motiva card can pay you back, in more ways than one. Everyone says how credit card rewards are all the same. Call a guy in India and he’ll laugh at you if you want to get cash for your rewards points. Discover cards, however, have a cashback bonus award, that pays you in cash up to 1% of your purchase amount when you make purchases with your card? Once you get to $3,000 in annual purchases, you will earn 1% back — the first $3,000 is earned at .25%. Once the amount in your rewards reaches $20.00, they go ahead and give you the amount as a check.

But Motiva does more. Do you know you can earn back your entire interest purchase? With the Motiva card, if you make your payments on time, six times in a row, you will get the next month’s interest back as a statement credit. It’s like getting a month’s worth of credit card use interest free. Effective May 1, 2011, however, the program is changing that a person will earn 5% of their interest back every month they pay their bill on time, and all of the accounts will change to the 5% reward bonus by April 1, 2012. You pay your bills on time anyways, why not be rewarded for doing what you do anyways? The good news is they just recently updated the card for November 2011 to offer no interest introductory rate for 15 months.

If 1% cash reward isn’t enough, imagine your total skyrocketing by using ShopDiscover. A network of over 150 big name stores, including Sears, Best Buy, Macy’s, Omaha Steaks and Sears, all of which will earn 5% to 20% on the things you buy every day with your credit card. And there is no limit to the amount of cash back bonuses that you can earn with your Discover Motiva card!

What if you wanted your cashback bonus to be worth more? Discover can make it happen. They have a list of over 100 brand-name partners that will increase your bonus when you redeem your bonus for a gift card from one of their retailers. Why not get more for your money? Make that reward work for you.

What can you do with the cashback bonus? A lot. You can donate your reward to charity, deposit the money electronically into your bank account, or even get a Discover gift card, which they will waive the charges and the shipping and send you directly. With all of these options, why wouldn’t you apply for this card?

Interest rates are great for this card. A Discover Motiva owner can get a 0% introductory rate for 15 months on purchases (formerly 15 months on balance transfers). After that, the interest is between 11.99 and 20.99 based on your credit history. As you keep your credit history going, your interest will go down over time because the credit card companies look at your creditworthiness every six months.

Knowing how to maintain good credit is important, and Motiva does reward people who keep good credit, but things will always happen. Things happen and credit card debt can trouble you for years to come. Knowing how to manage your credit is important both now and in the future. But the Motiva card is for people with great credit and rewards for those who manage their credit well.