New Discover Motiva Card Offers Interest Refunds to On-Time Payers
By Justin McHenry
Discover launched a new consumer credit card this week, the Discover Motiva Card, that rewards balance-carrying customers whenever they make on-time payments for six straight months. Cardholders who meet that criteria will get one month’s credit card interest charges refunded back to them, essentially allowing them to have an interest-free month as often as twice per year. There is no limit to how many times Motiva cardholders can take advantage of the interest refund, and the interest refunds are on top of the traditional Cashback Bonus that Discover is known for.
According to Discover, the Motiva card is in response to customer feedback that showed cardholders who were “good” customers in terms of on-time payments felt the card companies only give substantial rewards to the biggest card spenders.
Like all Discover cards, the Discover Motiva Card has no annual fee.
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1.Discover® More Card - 0% APR on balance transfers for 12 months & 6 months on purchases, 5% cashback bonus in popular categories, up to 1% cashback bonus on all other purchases
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2.Chase Freedom Card - 0% Intro APR and no Annual Fee, 5% bonus cash back in popular categories , 1% cash bank on everything else
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3.Citi® Platinum Select® MasterCard® - 0% on purchases & balance transfers for Up to 18 months, APR as low as 9.99% variable. $30 statement credit.
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4.Blue Cash® from American Express - Earn up to 5% cash back on gas, groceries and drug store purchases, and up to 1.5% back on all other purchases, no annual fee, fast approval under 60 seconds
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6.American Express® Gold Card - 10,000 American Express Membership Rewards bonus points when you use the card for at least $500 in purchases within the first 3 months.
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7.TrueEarnings® Business Card from Costco & American Express - 4% cash back for annual gas purchases up to $6,000, 3% restaurants, 2% travel, 1% everywhere else, 0% APR on purchases for first 6 months
