DiscoverCardcom is an online credit card that was launched in 1996. It allows users to make purchases using a debit card or credit card in a variety of locations.
Cardholders may purchase any items they wish with their cards, but must pay a minimum monthly fee on each purchase. They can use their cards to make purchases at a variety of stores like Kmart, Walmart and Target. There are also a number of merchants who offer DiscoverCardcom members the ability to make online purchases at their websites.
The Card offers an easy to use online application process. Anyone over the age of 18 and a resident of the United States can apply for a card.
The card is very similar to other cards in that it has a magnetic stripe on the back which stores information regarding your credit card purchase, including your name, address, phone number and the type of card you have. When you swipe your card reader at a participating retailer, your information will be stored in a database for you to use again in the future.
Cardholders are responsible for making their payments on time and within the amount of time stated on their billing statement. If the cardholder fails to pay their bill on time, DiscoverCardcom may suspend card privileges. You may receive a credit limit reduction if you do not pay your bill on time and this may occur immediately or for up to one month.
Credit card debt is eliminated through a secured loan that is paid off with your card each month. Each month you will receive your monthly payment and will only be charged interest on the outstanding balance. You can then pay the secured loan off with another credit card payment, and DiscoverCardcom will return your remaining balance.
When you open a DiscoverCardcom account, your first credit card will be mailed to you. Once you accept this card, you will be automatically enrolled in their credit card program. After you complete the process, you will be able to make purchases anywhere that accepts Visa or MasterCard.
DiscoverCardcom also offers a rewards program where the amount you earn depends on the amount you spend on purchases with the card. For every dollar you spend on the card, you will earn one point.
The rewards offered for these cards are almost endless. You will earn points based on the amount of money you charge to your card as well as the type of purchases you make with the card and even the length of time you keep the card active.
The rewards program is very similar to other cards and is a great way to build credit for your card. The longer you keep the card active, the more points you will earn.
Some of the benefits associated with these cards include: no annual fee; no annual percentage rate; no grace period; no ongoing fees or costs; and low credit limit. Once you become a cardholder, the reward points you will receive will be credited directly to your card each month.
Some of the cards available include: Visa and MasterCard Reward Programs, which rewards you can earn from every dollar you charge to your card; Delta Rewards Programs, which can earn you miles or airline miles for each dollar you charge; DiscoverDV Rewards Program, which rewards you can earn for every dollar you charge with your card; Discover Rewards Program, which you can earn for every dollar you charge with your card; MasterCard Travel Rewards Program, which rewards you can earn for every dollar you charge; and American Express Membership Rewards Program, which rewards you can earn for every dollar you charge on your card. American Express is a very popular card among cardholders because it offers a rewards program that is unmatched by any other.
All DiscoverCardcom cards have a very short grace period before you must make payments on your card. You will need to make a minimum payment each month to maintain your card and avoid having your card suspended. In order to avoid losing your card privileges, the payment should be made on time and in full each month.