Is the Discover Motiva Credit Card a good choice for you? Read through this Discover Motiva Card review to see for yourself and then either click on the button above to apply for the Discover Motiva Card or use our free tool to compare many different credit cards today!
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As credit cards go, Discover is the new kid on the block, so to speak, of credit cards. Discover was first established in 1985 by Sears in hopes of producing a card that could compete with Visa and MasterCard but still be associated somewhat with Sears. Half of the plan worked, as Discover made a splash with Americans, largely due to the fact that there were no annual fees (practically unheard of at that time) and because of the large credit limits that Discover was offering. However, Discover cards did not give Sears the boost that they were hoping for and Discover was sold off to another company (and another and another) until they became their own financial entity in 2007.
Today you can choose from dozens of different Discover cards; however, if you are looking for a card that rewards you for being responsible, then you can investigate the Discover Motiva Credit Card.
The Discover Motiva Credit Card pays you back for paying your bill on time each month. The reward is offered two times a year, every six months that you pay our bill on time. Basically, if you pay your credit card bill on time, you will receive a payment equal to the amount of your previous month’s interest rates. This can be very beneficial to those individuals who intend to carry a balance on their credit cards and, as there is also a business version of this card, business can benefit a great deal from this reward program.
What to Expect if You Pay off Your Balance Each Month
Discover understands that not everyone carries a balance on their credit card. If that applies to you don’t worry, there are more rewards being offered by the Discover Motiva Credit Card, making it equally beneficial for you to use this credit card as well.
The Discover Motiva Credit Card offers two different types of cash back bonus plans. The first one is a 5% to 20% cash back plan. This is offered to you if you shop on the ShopDiscover site. The ShopDiscover site will offer you links to over a hundred companies such as Guess, Hotwire, Kohl’s, Limited Too, Pet Smart, Office Depot and many more. In order to qualify for the higher percentage cash back reward, you have to link to these sites from the ShopDiscover site and order products online.
Discover also offers an up to 1% cash back bonus for your everyday purchases as well. This could be gas, milk, lipstick and more. You are not limited by retailers and every purchase applies. While this is a smaller cash back option, it ensures that you choose exactly where you want to shop rather than having to choose a specific retailer.
How You Can Collect Your Discover Motiva Rewards
You have many different options for collecting your cash back rewards. First of all, you can have the rewards applied directly to your credit card as a payment. This is a great option if you carry a balance each month and allows you to skip a payment or have a reduced payment. If you prefer, you can have your cash back bonus sent to you in the form of a check. You can request to have a check sent to you at any time; however, if you are late on your payment, you cannot collect on your cash back award. You can also choose to have your rewards sent to a charity of your choice. This can be sent in your name or anonymously if you prefer.
Discover Motiva Credit Card also offers a way to get the most out of your cash back rewards and that is by purchasing gift cards through their website. Just like when you shop with ShopDiscover, there are over a hundred vendors to choose from. You can purchase gift cards for a greatly reduced price by purchasing them through the ShopDiscover site.
You Can Do Balance Transfers Too
Discover Motiva Credit Card offers many different types of cards. They have cards for people with excellent credit, which offers a 3.99% interest rate for twelve months for credit card balance transfers. For those with good, but not excellent, credit, they offer a 3.99% interest rate for six months for credit card balance transfers. Once your credit score reduces, the Discover Motiva Credit Card no longer offers balance transfers. After the introductory rate, the interest rate on the Discover Motiva Credit Card is 11.99% to 18.99%, depending on your credit.
There are some excellent features on the Discover Motiva Credit Card website that can give you an idea of whether or not you can be approved for a credit card. In their credit card FAQ section, you can learn what they consider when they look at your credit and how long they expect you to maintain consistent payments for to equal excellent credit versus bad credit. You should be aware, however, that the Discover Motiva Credit Card is not for those with bad credit, they do, however, offer cards to those individuals with credit that needs improvement and have consistently made their payments (no late payments) for at least a year.
If you choose to apply for a Discover Motiva Credit Card, you have the option to create your own credit card. You will be asked a question about your credit and how you plan to use the card and then you will be directed to a page that allows you to create your card. You will first select the reward option that you would prefer, then you can pick a card design (there are 28 designs to choose from), after that, you choose your terms (for example if you want a balance transfer option). Once you have built your card, you are then taken to the application page to determine if you qualify for the card. The site claims to get you results in 30 seconds; however, the small print at the bottom of the page indicates that results could take up to 30 days.
The bottom line is that the Discover Motiva Credit Card is an excellent credit card for those who manage their credit card debt responsibly. Additionally, this is a good card for those who pay off their balance every month and want a good cash back reward program, especially if you enjoy shopping online from brand name retailers. If you want to apply for this card, you can accomplish this easily right now and fill out their very short application.
If you want to explore other options for your credit card, then you can use our credit card chaser tool to discover which credit cards are right for you. Simply select three of our many card options, from reward options to bad credit credit cards, tell us whether or not you carry a balance from month to month and if you have good or excellent credit and then press the GO button and we will chase down the cards that will meet your criteria.
We make your search even easier because we show you what kind of credit you will need in order to be considered for each card, with ratings from excellent to poor. We also rate each card for you to tell you what we think the card offers you in terms of value, service and so on. In addition, we let you see what the terms are without you ever having to visit another website to check out the terms and you can see whether you can get instant results when you apply.
With all of this information at your fingertips, there is no reason for you not to use our chaser tool or apply for the Discover Motiva credit card by clicking on the apply button at the top of the page. There is no obligation for you to apply to a single card, you simply review each card and decide on your own whether something meets your needs. If not, you can conduct another search for different types of cards and see if you get the results that you want. Why not try our chaser tool today and find the right credit card for you!