The Discover it® card offers both interest free promotional financing and competitive rewards, with no annual fee. Cardholders have their choice of 14 months of 0% APR financing on both new purchases and balance transfers, or 18 months for balance transfers and six months for new purchases. There is a 3% balance transfer fee with both offers, but no annual fee.
In addition, cardholders also receive 5% cash back on up to $1,500 in qualifying purchases each quarter, and 1% cash back on all other purchases. [click to continue…]
How should applicants choose a credit card? The thing to do is to consider all of the important factors. Here are eight factors that applicants should be aware of:
1. Annual fee. This is the fee that cardholders are required to pay each year, although some cards waive cardholder’s first annual fee.
2. Rewards. Credit cards can offer rewards in the form of points, miles, or cash back. That said, cardholder who are carrying debt should focus on cards with a low interest rate or promotional financing, not earning rewards. [click to continue…]