Discover Credit Card

There are many quality credit cards on the market today. Some have good interest rates while other cards give cash back on purchases. Discover credit cards does just that; give cash back to the borrower. Morgan Stanley currently owns the Discover credit card company. Most cards promise you good service; the Discover credit card does just that.

With the Discover credit card, the borrower earns 2% back of what they purchase and 1% Cashback. The discover credit card's prime rates vary between 20 – 25% depending on credit history. There are more than one Discover card there is the Discover Platinum Card and the Discover Classic Card. Both cards give you a 25-day grace period where you owe 0% interest if paid in full. They also charge up to 3 % on each cash advance.

Advantages of Discover credit cards are:

· No Annual Fee

· Pays you cash back for using their card up to 1%

· Like AMEX, Discover is held and financed privately by Morgan Stanley

You can use Cashback award points that you earn every time you purchase something with the Discover credit card. But you can only use it increments of no small amount than $20.

· Certain companies like Sprint and Red Lobster will double those points toward the purchases of their products

· You can convert these points into cash.

· The funds can be electronically transferred into banks, money market accounts, and retirement and college funds.

Discover has since become a key player in the credit cards industry, although it still is not widely accepted, there are a lot more vendors who are looking at their card as a possibility. Even the popular auction house eBay and Paypal accept Discover credit cards as a means of payment.

To apply for a Discover credit card online go check out the section of our site which is dedicated to the credit cards issued by Discover.