Unsecured credit cards are the typical cards that nearly all consumers are used to. Unsecured credit cards consist of all those cards offering extraordinary incentives such as low interest, introductory APRs (Annual Percentage Rates), balance transfer offers, and bonus points and cash. These credit cards usually do not involve a security deposit and as a rule have low rates and little to no fees. In general, unsecured credit cards require average to good credit, though there are some issuers that cater to those with lower than stellar credit. If you’re not in any credit misfortune, apply for these to begin with as they offer the best benefits and aid to grow your credit history.
Most consumers should stick with the unsecured credit cards that provide rewards and other remarkable benefits, along with building a solid credit history.
Next, I’ll talk about Discover Bank’s recent unsecured credit card products.
Discover has changed things up and come out with a fresh offering to the credit card market. Instead of getting a large amount of possibilities to choose from, now there is just one set of consumer credits cards called the Discover it cards.
The latest Discover it cards include two regular consumer credit cards and one Discover it designed for students. With regards to both regular consumer credit cards, the difference is in the introductory 0% APR offers.
One offers a 0% APR offer on balance transfers for 18 months and also a 0% APR offer on purchases for six 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 you can earn 5% Cash Back on your purchases within specific categories that change every quarter.
For January through March you’ll receive 5% CashBack on purchases for movies and restaurants.
The good news is you still get 1% Cash Back for all your other daily purchases that do not fall into the revolving categories.
In case you were thinking about how the CashBack redemption works; you will have several choices 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.
ShopDiscover is Discover’s online shopping portal that gives a Cashback Bonus incentive of 5-20% Cashback with their listed partners. In order to use these Cashback Bonus offers through ShopDiscover you must have a Discover credit card, log in, and make these purchases using your card.
Credit 101 
Leave a comment