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Discover® More Card - American Flag

• 5% Cashback Bonus® in categories that change four times a year like travel, apparel, home, gas, restaurants, movies and more
• 5% to 20% Cashback Bonus at top retailers through our exclusive online shopping site
• Up to 1% Cashback Bonus on all other purchases automatically
• Increase, even double, your rewards when you redeem for gift cards from our 80 Cashback Bonus Partners
• 0% Intro APR*

Issuer : Morgan Stanley

Introductory APR : 0%

Introductory Period :  6 months

APR After Introductory Period:  The rate is configured to a standard APR, an estimated rate between 10.99% and 17.99%.  For balance transfers it is between 15.99% and 28.99% and the number you are assigned is based on your payment history.

Cash Advance Rate : 20.99% or 22.99% variable rate on cash advances depending on your credit history.

Annual Fee :  No annual fee.

Credit Line Possible :  The credit line possible is dependent on an evaluation of your credit rating and personal resources.

Insurance included :  The Discover Platinum American Flag Card offers platinum type rewards that include auto rental insurance, up to $500,000 in travel accident insurance.

Financing Configuration – Interest is calculated according to a two cycle daily balance, which is more expensive to you than the average daily balance method used, by most credit card issuers.

Grace Period – You have twenty-five days after making a purchase with this patriotically styled card during which you do not have to pay interest.

The Best Thing About It—Through the reward program, cardholders earn a 5% cash back bonus as well as 1% on all other purchase.

The Worst Thing About It – Taking out cash advances with this card is very expensive because of the high APR and you may not qualify for the lowest rate of $10.99-%

Credit Rating Needed For Acceptance : Excellent Credit.

Who Is It For?

The Discover Platinum American Flag Card is designed for patriots with excellent credit who may also be looking for a card that offers a flexible and generous cashback rebate program.  The card is embellished with a graphic of a waving American flag.

The Benefits

There is a lucrative rebate program. You earn 5% back in popular categories such as gas stations, restaurants, clothing and travel that change four times a year and a 1% cashback on all other purchases.

You 1000 points on each first purchase that you use the card each month. However you only get these if you consistently use the card at least once each month.

Duplicate cards are free.  There is no fee for issuing duplicate cards.

You can keep track of all of your business expenses in one place.  You are also able to monitor what goes on in your account with full access to an online account report.

No Fraud Liability.  If you claim someone has stolen your card then you do not have to be liable for the usual $50 that is typically deducted as fraud liability. Your are also protected by a Fraud Protection program.

The Drawbacks

 

There are limits to the points you can earn. Discover Platinum American Flag Card is subject to a maximum of 60,000 Miles per account each year.

Offers may not always be available. Airline participation in the complimentary companion travel program varies from market to market and is based on airline controls and availability. Round trip coach tickets obtained with Miles require a Saturday night stay and must be purchased 21 days in advance. Certain air travel rewards are subject to a maximum dollar value, including taxes and destination fees.

Card must be used for points to remain active. Points expire within three years if the card is not active.

Monthly payments are applied to purchases before cash advances. The amounts that you pay monthly are not applied to the highest interest activities such as taking out a cash advance. This can make it longer to pay off your debt.

The APR is not guaranteed. If you make a late payment on any bill, not just your credit card bill, your introductory 0% rate can be replaced with a costly variable default rate

There are lots of hidden fees.  See the Fees to Watch Out For section below.  The fees charged for your certain financial transaction can really add up and make your credit card charges seem hefty.

Fees To Watch Out For

 

Late payment fee : $15 on balances up to $500, and $39 on balances over $500.

Over The Limit fee : $15 on balances up to $500, and $39 on balances over $500.

Cash advance Fee : 3% for each cash advance, with a minimum of $5 and no maximum.

Minimum Finance Charge :  Fifty cents.

Balance Transfers : 3%, $5 minimum, $50 maximum (does not apply to introductory offer)

To Summarize –

The Discover Platinum American Flag Card has a high interest rate for cash advances but the cash back program is worth it. Overall, this is not an ideal credit card for those who plan to carry a revolving balance or take out cash advances but the lack of an annual fee is attractive. The evaluation of your APR is also very dependent on your credit and the lowest rate of 10.99% is definitely not guaranteed.

Intro APR	Intro APR Period	Regular APR	Annual Fee	Balance Transfers	Credit Needed
0%	6 Months	10.99%	None	Yes	Excellent Credit