Unsecured credit cards are the standard cards that nearly all consumers are used to. Special features like introductory APRs (Annual Percentage Rates), low interest, balance transfer offers, bonus points, and bonus cash are available to unsecured credit cards. Most unsecured credit cards have low rates and little to no fees, plus they do not require security deposits. Even though one can find cards in existence that are available to consumers with bad credit, as a rule unsecured credit cards require average to excellent credit. If you’re not in any credit misfortune, apply for these first as they offer the best benefits plus help to grow your credit history.
Because they help build a solid credit history and offer rewards and benefits, nearly all consumers should stick to unsecured credit cards if possible.
Next, I’ll talk about Discover Bank’s new unsecured credit card choices.
Discover has changed things up and come out with a recent offering into the credit card market. Instead of having a large amount of options to select from, now there is only one set of consumer credits cards named the Discover it cards.
The recent Discover it cards include two regular consumer credit cards and one Discover it designed for students. The difference between the two consumer cards 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 14 months for both balance transfers As well as purchases.
A very special feature of the popular Discover it credit cards is how one can earn 5% Cash Back on your purchases within specific categories that change every quarter.
The categories for January through March 2013 are movies and restaurants.
The good news is you continue to get 1% Cash Back for your other day-to-day purchases that do not fall into the revolving categories.
In case you were thinking about how the CashBack redemption works; you’ll have several ways from statements credits to redeeming for merchandise online.
My favorite feature of the brand new Discover it credit cards must be your ability to receive up to 20% CashBack by making purchases through Discover’s online shopping mall called ShopDiscover.
With ShopDiscover, the CashBack through their partners ranges from 5% to 20%. In order to take advantage of these Cashback Bonus offers through ShopDiscover you need a Discover credit card, log in, and make these purchases with your card.
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