What you should know about the Discover Motiva credit card
If you’re looking for a good low-interest credit card, you should check out the Discover Motiva card. The Motiva Card is a great cash back rewards card for those with good or perfect credit. If you’re a responsible card user looking to capitalize on the best interest rates, look no further.
Introductory APR sits at an attractive 3% for six months for all qualifying customers. 99% for 15 months. Gone are the days of the 0% 12-month introductory offer credit card. However, Discover offers a very reasonable interest rate if you need to make a balance transfer from another card. 15 months at 3.99% is a very good offer. There are many cards that also offer good introductory offers, however only for 6 months. Those with a higher credit rating will have a better chance of getting the lower interest rate after the trial period ends. After the introductory offer, the interest rate will vary between 11.99% and 20.99%. Again, this depends on your credit. The ideal beacon score for this card is around 750. It is still possible to qualify for this card with a 600 credit score, however, your APR may not be as low.
The Motiva card is also a good cash back rewards card. The rewards program is very similar to other Discover products. After you reach $3,000 of total charges, you get a 1% refund. The good thing is that these rewards are unlimited. That gives you a nice 1% discount on all your purchases. Will get. 25% cash back until you reach the second level of $3000.
The cash back program works even more to your benefit when you shop with partner companies. Earn 5%-20% cash back at over 150 rewards partners. This is a great way to get discounts every time you go shopping. You have to go through their online shopping portal, ShopDiscover.com. There you’ll get access to shop at stores like Best Buy, FTD Flowers, Hewlett Packard, and Lands End. The site is easy to use and navigate. They also offer double cash back rewards on grocery items. This is a great way to earn points.
Redeem your points is designed to be an easy and fun process, not tedious and frustrating like other accounts. All you have to do is the following:
1. Sign in to your account
2. Follow the links that take you to the rewards redemption page
3. As with any account, as long as you can manage it properly, you shouldn’t have any difficulty getting all the benefits your credit card has to offer.
On the other hand, it is also just as easy to lose them. Pay your monthly statement on time every month and you won’t be penalized. If you can make six payments in a row and on time, you will be awarded bonus reward points. They can also be as unpleasant as they are pleasant. Make two late payments and all your reward points will be gone. In addition to losing your rewards, they can also raise your interest rate indefinitely. This is like being in “Discover Hell”. It’s not exactly Dante’s Hell though, if he’s looking to save money (like most of us), this will derail his plan. That’s why it’s always a good idea to never charge more than you can afford.
Overall, the Discover Motiva Credit Card is a good rewards card. They offer an excellent introductory offer. 3.99% over 15 months is almost unheard of these days. Your credit score also doesn’t have to be in the eight hundred to qualify. After doing some research, I was able to discover that people with scores of 621 were getting approved. As always, Discover has excellent customer support 24/7. I really like the fact that double rewards points are offered on grocery purchases. These are the types of categories where you want to earn points, especially double points. This is a great card for stay at home moms, college students, or just about anyone.