 Discover® More® Card
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Intro APR: 0%
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Issuer: Discover®
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Make your money worth More.SM*
Get 5% Cashback Bonus ® in categories that change like travel, home improvement stores, department stores, gas, groceries, restaurants, and many more.
Plus get 5% to 20% Cashback Bonus at top retailers such as CircuitCity.com, LandsEnd.com and Barnes & Noble.com when you link through our exclusive online shopping site, ShopDiscover.
In addition, you’ll automatically earn up to 1% Cashback Bonus on all other purchases.
5% Cashback Bonus® program
Get 5% Cashback Bonus® in categories that change like travel, home improvement stores, department stores, gas, groceries, restaurants, and many more.
It’s a free and easy way to build rewards even faster.
*View Discover® Card Rates, Fees, Rewards and Other Important Information.
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In a BusinessWeek article titled, “Cap One’s Credit Trap,” writer Robert Berner explores how Capital One profits by lending to subprime borrowers and cashing in on high late and over the limit fees. His findings provide a disturbing insight into Capital One’s credit card business, and that of the credit card business as a whole. Capital One credit cards aren’t as funny as their television commercials make them appear. In fact, their no hassle rewards program seems ironically titled given the hassles Capital One credit cards caused one family. Over the course of four years, this family received seven Capital One credit cards with credit limits ranging from $200 to $700. With such low limits, it is easy to see how a very simple mistake could trigger an over the limit fee. For example, assume you’ve got a credit card with a $200 limit. You start by spending $140 on groceries and another $40 for a tank of gas. A few weeks later, you pull up at the gas station and fill your tank with $22 in gas. You’re now over the limit and the recipient of a $25 or higher late fee. Ouch. Now imagine doing that seven times. For the family mentioned in BusinessWeek, that is exactly what happened. With their balances mounting from over the limit fees, they became unable to keep up with payments. At one point, this couple was paying over the limit fees and late fees amounting to over $400 a month! This was more than the limits on many of their cards. While Capital One credit cards were singled out in Berner’s article, many other credit card companies engage in similar practices. As consumers, it is important to know as much as possible about the Terms and Conditions linked to our credit cards. For those with marginal credit, just getting a credit card can be an important step in improving credit scores. But with low limit credit cards, the chances of going over the limit and getting hit with high fees increases tremendously. Ultimately, it is our responsibility to manage our credit wisely. Otherwise, credit card issuers will not hesitate to take as much money out of your wallet as possible. |
- Transfer your balance to Discover® More® Card
If you are considering refinancing your mortgage but are unsure if taking out a new mortgage is a good idea with rising interest rates, there are a number of reasons to refinance regardless of the economy and save yourself money in the process. The best way to protect yourself from rising rates is to do your homework, research mortgage refinance information from a variety of lenders, and comparison shop for the best loan. Here is mortgage refinance information to help you decide if refinancing your mortgage is the right choice. The majority of homeowners that refinance their mortgages do it to save money. There are several ways to save, regardless of interest rates. If you want to pay less to your lender in finance charges, the best way to save is by qualifying for a lower interest rate. If your financial situation has improved since taking out your original mortgage or interest rates are lower, you could qualify for a lower interest rate. Before you take the plunge and invest your time researching mortgage refinance information, you need to determine if refinancing is right for your situation. Here are several questions to help you determine if mortgage refinancing is right for you. I. Mortgage Refinance Information: How Long Will You Keep Your Home? If the possibility exists of moving in a year or two you may never recoup your expenses from refinancing the loan. The longer you plan on keeping your home, the longer you will have to realize savings and recoup your expenses. Recouping your expenses is just one aspect of refinancing; there are a number of costly mistakes that will keep you from the benefit of refinancing your mortgage. To learn how to avoid these costly mistakes register for a free mortgage refinance information guidebook. II. Mortgage Refinance Information: Do You Have Pre-Payment Penalty? Mortgage lenders often include penalties in their loan contracts for early termination of the loan. If you sell or refinance your existing mortgage and your loan has a pre-payment penalty, you could be required to pay up to six months worth of interest on 85% of the original loan balance to get out of your current mortgage. III. Mortgage Refinance Information: How Much Will the New Mortgage Cost? When you refinance your mortgage you will be required to pay many of the fees you paid when you took out the original loan. These fees could include origination fees, appraisal, survey, title search, points, insurance, and legal fees. Your closing costs alone could run as much as $3,000. These fees are why it is extremely important to research mortgage refinance information prior to applying for a new loan. Doing your homework will help you avoid costly mistakes. IV. Additional Resources for Mortgage Refinance Information To learn more about refinancing your mortgage loan, including common mistakes to avoid, register for a free refinance mortgage refinance information guidebook
- Raise your credit score with a help of Credit-Rocket! Read the Chase credit card reviews
- Tired of high charges? Find the best database for credit cards! Read the fine print and find the Annual Percentage Rate (APR). This is the interest rate the companies charge you if you carry a balance. You want the lowest rate possible; as each percentage point drop will save you money on the months you have an outstanding balance.
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