Discovery credit cards
A credit card as you know has become important source in today's world. But what is a credit card. It's a thin plastic card with usually 3-1/8 inches by 2-1/8 inches in size, and contains identification information like cardholder signature, person picture, and authorizes the person named on it to charge purchases or services to his account -charges for which he will be billed from time to time. The credit card system mostly followed is ANSI Standard X4.13-1983. The front of your credit card has a lot of numbers know what some of the numbers stand for:
The first digit in your credit-card number signifies the system of card:
3 for travel/entertainment cards such as American Express and Diners Club
4 for Visa
5 for MasterCard
6 for Discover Card
The digits from second digit to 7 digit indicate the bank number and it varies from bank to bank. The digits starting from 8 th place to last but one place indicates the account number. And the last digit is check digit. And a valid date is also provided on any type of credit card. Types of credit card available are Standard credit cards, credit cards with reward program, credit card with bad credit, specialty credit card.
Let us discuss about Discovery credit cards . What is this discovery card? Discovery credit cards are issued by Discovery bank and transactions are processed through the Discover Network payment network. This card is issued for the US residents with 50 million cardholders. Discovery cards carry no annual fee, and offer a higher credit limit than similar cards of this kind. It also gives cardholder to earn Cash back Bonus where a percentage of the amount spent would be refunded to there account which is as high as 1% depending on the card used by the cardholder. But this card is not used are accepted outside US but it can be used with ATM to draw cash in selected locations worldwide.
Types of Discovery credit cards:
Discover Card offers 3 discover student credit card, two new business credit cards targeting the small business market, 7 different general-market consumer credit cards. Let see its use and other details in brief.
Student credit cards: They are available as discovery student platinum card, discovery student tropical beach card, discovery student clear card.They offer 0% interest rate for 6months on purchase. No annual fee and no balance transfer option and offers interest rate of Prime rate+ 8.74% which is to 16.99%. It also offers full 5% Cash back Bonus on Get More Program throughout the year on your purchases and up to 1% Cash back Bonus on all other purchases. They are unlimited cash rewards as long as you use the card and if you redeem for gift cards or certificates your can avail the DOUBLE your Cash back Bonus that is turn $20 into $40.
Business credit cards: They are Discovery business cash back card and Discovery business cards for small business. Business cash back card offer 0% interest rate for 12 months on purchase where as business cards for small business offer 0% interest rate for 12 months on balance transfer. Interest rate is same for both the cards i.e.., Prime Rate + 4.74% which is 12.99%. NO annual fee and Fee-free purchase checks to pay for those who don't accept credit cards. Cash back Bonus of 5% on office supplies, 2% on gas and up to 1% on other purchases. Unlimited rewards.
Consumer credit cards: They carry the same interest rate as low as 10.99% up to 17.99%, depending on your credit history, except the student card
Discovery platinum credit card: They offer 0% interest rate on balance transfer and on purchase for 12 month. No annual fee and $0 fraud liability. On get more program you can get full 5% cash back bonus and 1% on all other purchases. Double your cash back bonus program when you redeem your gift.
The mile card from discovery card: It is same like platinum card that is 0% intro APR on purchase and balance transfer, No annual fee, $0 fraud liability. Here the rewards are all about air miles. As a cardholder every month during the first year on using the card at least once gets you extra 1000 bonus miles and opportunity for earning 12,000 free bonus miles overall. No blackout dates or restrictions on airlines flown.
Discovery gas card: All are same here except you will get 5% cash back bonus on gas and on automotive maintenance purchases throughout the year and 1% on all other purchases.
Discovery Platinum American Flag Card: It is issued by Morgan Stanley and is designed for those with very good credit and looking for a cash reward credit card. There will be 5% cash back bonus on get more program and 1% on for general purchases, and 0.25% on purchases at select warehouse clubs and discount stores. The rest are same as all the above cards.
Other then these credit cards they are Discovery Platinum clear card, Platinum Sea life collection card, Platinum Wild life card which have all the features of Discovery Platinum credit card except there look.
After purchasing a credit card how to keep it secure from frauds.
So do these things after you get the card from the financial institution: Sign the back of the Card in signature box provide to avoid unauthorized use of you card. Read all the instruction carefully and keep an eye on your account statue and transactions made after every transaction so that if there are any mistakes you can report. Use public mailbox for sending sensitive information, payments etc, instead of emails. Use the feature of CID number on the back of your Card which helps online, catalog merchants to verify identity of the actual cardholder who places the order. Don't give your card information or password details without confirmation about the sender. Details as email ID, phone number of the customers cell should be kept.
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