Unsecured credit cards bring in all those cards offering distinctive incentives including low interest, introductory APRs (Annual Percentage Rates), balance transfer offers, and bonus points and cash. Unsecured credit cards are the typical cards that most consumers are used to. These credit cards don’t call for a security deposit and generally have low rates and little to no fees. This kind of credit card gives the very best benefits and will help you build your credit, as a result you’ll want to apply for these initially if you are not in any credit dilemma. In general, unsecured credit cards require average to good credit, although there are some issuers that cater to folks with less than stellar credit.
Because of all the offered rewards and other great benefits, along with helping to build a solid credit history, nearly all consumers will want to stick to the unsecured credit cards.
Next, I will discuss Discover Bank’s recent unsecured credit card offerings.
Discover has changed things up and come out with a fresh offering to the credit card market. They’ve cut down on the choices and decided to stick to a set of recent Discover it cards that all offer similar base reward features.
There are three new Discover it cards total – 2 regular consumer credit cards and one for students. With regards to the two regular consumer credit cards, the disparity is in the introductory 0% APR offers.
One Discover it features an introductory 0% APR on purchases for six months and 0% on balance transfers for 18 months.
The other version of the Discover it credit card has an introductory offer of 0% APR for fourteen months for both balance transfers AND purchases.
One of the best features of the Discover it credit cards may be the 5% CashBack earnings you receive on purchases in their quarterly rotating categories.
For January through March you’ll receive 5% CashBack on purchases for movies and restaurants.
For all your other daily purchases that aren’t in the quarterly categories you’ll still receive 1% CashBack with no maximum limit.
In case you were wondering about how the CashBack redemption works; you’ll have several choices from statements credits to redeeming for merchandise online.
Now, here is my favorite feature of the Discover it credit cards. You’ll get up to 20% CashBack when you make purchases through Discover’s online shopping mall which features a ton of popular retailers like The North Face, Groupon, Under Armour, etc.
With ShopDiscover, the CashBack through their partners ranges from 5% to 20%. The only way to earn the CashBack through ShopDiscover is by signing up for a Discover it card and using it to make those purchases.
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