Discover Motiva Credit Card Review
The Discover® Motiva(SM) Card is a unique rewards-based credit card that combines a low introductory APR, rebate points, and a unique pay-on-time bonus if you pay your bills on time for six months straight. When you pay your Motiva credit card bill six months in a row, you’ll receive an additional bonus of the card’s current finance charges. Put simply, cardholders can expect to get back interest payments twice a year when bills are paid on time.
Rebate Percentages: The Motiva also has a unique formula for rebate percentages. Instead of a point-per-dollar for every dollar spent, as is common with rewards cards, the Motiva’s rebates are based on annual purchases. For the first $1500 in spending, you will earn .25% back. After $1500, you’ll receive .50% back and 1% back on all purchases over $3000. What this means is that you don’t have to be a huge spender to receive ample rewards.
Double Rebates: Along with rebates, cardholders can double the amount of rebates by exchanging them for merchant-partner gift certificates. The Discover Motiva Card is teamed up with such partners as Bennigan’s, Chili’s, Red Lobster, Blockbuster, Bed Bath and Beyond, Staples, Pep Boys, and a long list of other outlets. Unlike some other rewards cards that have minimal partnerships, the Motiva card has partnerships at locations you’re more than likely to find in your town. In addition, Discover gives a 5%-25% cashback bonus at Discover’s own online shopping site.
Other Discover Card Features: For a card with a unique rebate plan, you might think that the card makes up the difference with fees. The Discover Motiva card has no annual fee, with a generous grace period of 25 days – longer than the typical credit card. Like other Discover cards, the Motiva has other benefits, such as travel insurance, car rental insurance, and the ability to change the bill due date to the same date as other bills or credit cards.
Conclusion: If you play your cards right, there are a lot of advantages with this card when compared to other cash back cards. You’ll be able to get discounts at the Discover store, along with rebates, which you can then trade in for merchant gift certificates. To top it off, you’ll receive interest payments back twice a year on the above payments – this can also help ensure timely payments, aiding a personal credit rating. As many people carry a balance on their credit cards, this extra bonus twice a year makes the Motiva card very attractive to cardholders who don’t spend a huge amount on credit but carry a balance.
Discover® Motiva(SM) Card  | |
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| Card Features |
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| Best Feature | No annual fee; low introductory rate; reward program. |
| Special Notes | Higher APR for less qualifying applicants. |
| Card Details | If you have very good credit and are looking for a cash back reward card, then the Discover® Motiva(SM) Card may be the right card for you. Through the reward program, cardholders earn a 5% to 20% Cashback Bonus® at top retailers through Discover's exclusive online shopping site, and they get up to a 1% Cashback Bonus® on all other purchases. Cardholders will also be eligible to earn the pay-on-time bonus each time cardholders make six on-time payments in a row. You'll receive several cardholder benefits including up to $500,000 in travel accident insurance, auto rental insurance, and various fraud and security protection services. There's no annual fee, an attractive 3.9% introductory rate on purchases for six months, and a 3.9% rate on balance transfers for twelve months. The APR for this card is reasonable for those who qualify. |
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