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Discover® More(SM) Card - Sealife Collection Review
Issued by Discover
  
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Overall Rating:
Benefit Rating:
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The Discover® More(SM) Card - Sealife Collection, issued by Discover, is designed for those with very good credit who are looking for a Cashback Bonus® reward credit card.
Through the reward program, cardholders can earn a 5% Cashback Bonus in categories such as travel, gas, restaurants, movies, and more. Cardholders also earn up to 1% on general purchases and .25% on purchases made at select warehouse clubs and discount stores.
Those who spend up to $1,500 on general purchases will receive a .25% rebate. For those who spend between $1,500 and $3,000, a a .5% rebate will be earned, and over $3,000 will earn a 1% rebate.*
As an added bonus, cardholders can earn up to a double Cashback Bonus® when redeeming their rebates for gift certificates from participating Discover® Card Partners. There is no yearly limit on the amount of rebates that can be earned, and rebates do not expire as long as the account is active within a 36-month period.
The card has no annual fee, an attractive 0% introductory rate on purchases for six months, and a 0% introductory rate on balance transfers for twelve months. The APR on purchases after the introductory rate expires is reasonably low for those who qualify.
Aside from the reward program, the card also provides several platinum benefits, including travel accident insurance, auto rental insurance, and various fraud and security protection services. Cardholders will also have access to discounts on products and services at participating merchants and retailers.
Therefore, those who plan to spend at least $3,000 a year (to earn the 1% cash rebate), plan to use their Cashback Bonus® award at participating retailers (to earn double cash rebates), and plan to pay in full each month after the introductory rate expires (to avoid costly finance charges) will benefit most from what the Discover® More(SM) Card - Sealife Collection has to offer.
*It is important to note that like many cash reward cards, the highest rebate offered will not apply to all purchases made with the credit card. In this case, 1% will be applied only to those purchases made after the cardholder spends over $3,000 in one year, so the overall cash rebate earned will be less than 1%, depending on the amount spent. For instance, if the cardholder were to spend $4,000, only $1,000 of this amount would be applied towards the 1% rebate. However, this does not take into account any promotional offers or the full 5% Cashback Bonus® award.
Through the reward program, cardholders can earn a 5% Cashback Bonus in categories such as travel, gas, restaurants, movies, and more. Cardholders also earn up to 1% on general purchases and .25% on purchases made at select warehouse clubs and discount stores.
Those who spend up to $1,500 on general purchases will receive a .25% rebate. For those who spend between $1,500 and $3,000, a a .5% rebate will be earned, and over $3,000 will earn a 1% rebate.*
As an added bonus, cardholders can earn up to a double Cashback Bonus® when redeeming their rebates for gift certificates from participating Discover® Card Partners. There is no yearly limit on the amount of rebates that can be earned, and rebates do not expire as long as the account is active within a 36-month period.
The card has no annual fee, an attractive 0% introductory rate on purchases for six months, and a 0% introductory rate on balance transfers for twelve months. The APR on purchases after the introductory rate expires is reasonably low for those who qualify.
Aside from the reward program, the card also provides several platinum benefits, including travel accident insurance, auto rental insurance, and various fraud and security protection services. Cardholders will also have access to discounts on products and services at participating merchants and retailers.
Therefore, those who plan to spend at least $3,000 a year (to earn the 1% cash rebate), plan to use their Cashback Bonus® award at participating retailers (to earn double cash rebates), and plan to pay in full each month after the introductory rate expires (to avoid costly finance charges) will benefit most from what the Discover® More(SM) Card - Sealife Collection has to offer.
*It is important to note that like many cash reward cards, the highest rebate offered will not apply to all purchases made with the credit card. In this case, 1% will be applied only to those purchases made after the cardholder spends over $3,000 in one year, so the overall cash rebate earned will be less than 1%, depending on the amount spent. For instance, if the cardholder were to spend $4,000, only $1,000 of this amount would be applied towards the 1% rebate. However, this does not take into account any promotional offers or the full 5% Cashback Bonus® award.
Review Date: June 27, 2008
Note: The review on this card was updated on June 27, 2008. The review is believed to be accurate during the update, however, information posted may have changed since the update. We strongly suggest that you carefully read the Terms and Conditions statement that accompanies the credit card application.
| Credit Card Rate Details | |
Intro Rate (Intro APR):
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0% Intro APR* |
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Intro Applied Towards:
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Purchases, Balance Transfers |
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Additional Intro Details:
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There is a 0% introductory APR* on purchases for 6 months and a 0% introductory APR* on balance transfers for 12 months. See terms and conditions for complete details. |
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Purchase APR:
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10.99% (Fixed) The APR for purchases is based on the Prime Rate. |
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Cash APR:
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23.99% (Fixed) The APR for cash advances is based on the Prime Rate. There is a minimum APR on cash advances. |
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Finance Configuration:
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Average Daily Balance (including new purchases) |
| Credit Card Fee Details | |
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Annual Fee:
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$0 |
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Additional Cardholders:
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$0 |
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Grace Period:
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25 Days (Min.) |
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Late Payment Fee:
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$19 on balances up to $250; $39 on balances over $250 |
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Over the Limit Fee:
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$15 on balances up to $500; $39 on balances over $500 |
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Cash Advance Fee:
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3%, $5 minimum |
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Balance Transfer Fee:
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3% for each balance transfer made under this offer, with a minimum of $10 and a maximum of $75 |
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Minimum Credit Limit:
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$5,000 |
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Maximum Credit Limit:
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$50,000 |
| Credit Card Reward Program Details (Rebate) | |
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Rebate Minimum:
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0.25% |
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Rebate Maximum:
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5% |
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Additional Rebates:
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Cardholders earn a 5% Cashback Bonus in categories like travel, home, gas, restaurants, movies, and more. Earn a 0.25% rebate at select warehouse clubs and discount stores. Earn up to double Cashback Bonus® at participating Discover Card Partners. |
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Rebate Details:
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Earn a 0.25% rebate for up to $1,500 in general spending; 0.5% for over $1,500 up to $3,000; and 1% for over $3,000. Reward is redeemable in $20 increments only. |
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Expiration:
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None (Account inactivity for more than 36 months could result in the forfeiture of some or all of the Cashback Bonus.) |
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Yearly Limit:
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None |
| Features | |
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Most Attractive Feature(s):
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| Double cash rebates at participating retailers and merchants (through the Cashback Bonus® award program); 0% introductory rate; no annual fee. | |
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Least Attractive Feature(s):
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| Low rate not available to all applicants. | |
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Additional Features:
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| Various card designs to select from. Various Internet account related services. Emergency card replacement. Auto rental insurance. Fraud and security protection services. Up to $500,000 in travel accident insurance. Discounts on products and services at participating merchants and retailers. See website for additional benefits. |
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Important Notations
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| *The APR for purchases and balance transfers varies according to the applicant's credit history and may range from 10.99% - 18.99%. See website for complete terms and conditions of card usage and application disclosure. | |
| Additional Information | |
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Apply Online for the Discover® More(SM) Card - Sealife Collection from Discover See other Cash Back Credit Cards See other Discover Credit Cards |
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