The My Discover Card is a credit card offered by American Express and offers you one percent cash back on any purchase made using your card. You do not need a bank account to get this card because you will receive a debit card from which you can cash in your rebate for any purchase you make with the card. The card has several different features including gas rewards, airline miles, grocery store coupons, and restaurant coupons that are redeemable at certain restaurants or gas stations. As with most rewards cards, the amount of cash back you receive will depend upon your spending and it may take a while before you begin to see any sign up bonuses.
Like all other cards, you will need to make sure you are not overextending yourself with the card as you will be charged an annual fee. You will also be required to make a minimum payment on the card, which you can usually avoid by paying the entire balance in full each month. You can choose to use the card as a reward for purchases or as a savings and checking account. It is important that you always check with the issuer to ensure you are receiving the best rate and rewards available to you.
You can apply for the card at any American Express location. It is important that you apply for your card the day you decide to get one as the applications are then processed the next day. You must pay a deposit on the application in order to qualify for the card, and this deposit is usually refunded if you qualify for the card. The requirements to qualify for this card are quite high. For example, you must be 18 years old and of legal age in the United States, you must have a job and a checking account.
If you are looking to get a card for a business and need one for your employees, you will need to look for a card that is specific to this business. There are a few different types of cards you can apply for and some cards require your employees to have a specific number of free nights in hotels or resorts and others will require them to be employed by the company. Some of the cards will even require you to keep a certain percentage of their gross revenue which will help offset the cost of their services. The type of card you choose will largely depend on your business requirements.
The My Discover Card is designed for students who are looking to get more than one card for use. Students with multiple cards will benefit from the rewards offered, plus they can earn cash back for each purchase they make using their credit card, plus earn rewards for using the card for other purchases, such as airline miles for trips and hotels and resorts. With this type of card they will be able to earn cash back or reward points towards airfare, hotels, and air miles to get air travel, as well as the ability to get travel upgrades.
You can apply for the My Discover Card from any location, although you should apply for yours at the same place you applied for the other cards. You can find them at local banks, credit unions, and from a kiosk locations. The process of applying for the card is pretty easy and will only take a few minutes to complete. Once you have applied for your card, you will receive a confirmation that will tell you how to redeem it.