Annual Percentage Rate (APR) For Purchases
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0.00% until the last day of the billing period ending during April 2005,* thereafter the standard APR,
Discover Platinum Card: 11.99%
Discover Classic Card: 13.99% |
Other APRs
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Balance Transfers: 0.00% until the last day of the billing period ending during April 2005;* thereafter the standard APR for purchases
default rate:
19.99% or 24.99%*
Cash Advances: Discover Platinum Card: 20.99%; Discover Classic Card: 22.99%
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Variable Rate Information
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Your standard APR for purchases may vary and is determined monthly by adding 7.99% for Discover Platinum and 9.99% for Discover Classic to the Prime Rate. †
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Grace Period for Repayment of the Balance of Purchases
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At least 25 days when you pay your balance in full each month
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Method of Computing the Balance for Purchases
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Two-cycle Average Daily Balance (including new purchases)
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Annual Fee: NONE
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Minimum Finance Charge: $0.50
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CASH ADVANCE TRANSACTION FEE: 3% for each cash advance, with a minimum of $5 and no maximum. LATE FEE: $15 on balances up to $100; $25 on balances of $100 up to $1,000; $35 on balances of $1,000 and greater. OVERLIMIT FEE: $15 on balances $1,000 or less; $35 on balances greater than $1,000.
*Default Rate: If you are late making a payment, any introductory/special rates terminate and the standard purchase APR will apply to purchases and balance transfers. If you fail twice to make a required payment when due or if you exceed your Account credit limit twice, your purchase APR will be increased to 19.99%. If you fail 3 times to make a required payment when due or if you exceed your Account credit limit 3 times, your purchase APR and cash advance APR will be increased to 24.99%. See Cardmember Agreement for details.
† The Prime Rate used is the highest prime rate listed in The Wall Street Journal on the last business day of the month.
You agree that if your application for a Discover Card with a minimum credit limit of $5000 and the lower APR(s) shown above is not approved, your application will also constitute your request for a Discover Card with the higher APR(s) shown above, a lower credit limit and different insurance coverage.
Introductory/Special APRs: If you are approved for an Account, you will be able to make balance transfers under this offer until September 1, 2004. If you request balance transfers after this date, or, we do not receive all required information for the balance transfers requested, we will not make the balance transfers.
- Please allow up to four weeks before payments to your other Accounts are made. Accordingly, you should continue to make all required payments until you confirm that the balance transfers were made.
- Balance transfers as well as purchases and cash advance transactions are subject to your available credit. Your Account credit limit will not be automatically increased to allow you to make the Required Transactions each billing period.
- Balance transfers may not be used to pay any Discover Accounts.
- Balance transfers do not earn a Cashback Bonus® award/Gold Rewards award/Miles.
- Balance transfer requests will be processed from the lowest to the highest dollar amount. If a balance transfer request is more than your available Account credit limit, we will automatically lower the balance transfer amount to your available credit and complete the transfer.
- You may only make balance transfers to Accounts that list you as an Accountholder.
- Transfer of balances which contain disputed purchases or other charges may cause you to lose your dispute rights with regard to those purchases or other charges.
- There is no grace period on balance transfers.
- Any introductory/special rates will terminate if you are late making a payment or your Account is over limit as discussed in the Default Rate section above and in the Cardmember Agreement.
Payment Allocation: We apply payments to balances with low introductory/special APRs (such as special balance transfer and purchase APRs) prior to balances with standard APRs. Therefore, your savings will be reduced by making additional transactions or having balances that are subject to standard APRs.
Application Information: Federal law requires that we obtain certain information about you such as your date of birth and street address in order to verify your identity. You authorize us to obtain a consumer report from consumer reporting agencies in considering this application. Upon your request, we will inform you of the name and address of each consumer reporting agency from which we obtained a consumer report relating to you. Offer available to US citizens and permanent residents only. To apply with a joint applicant, write to us at PO Box 30943, Salt Lake City, UT 84130-0943. Every applicant, including spouse, may apply for a separate Account. THIS OFFER SUPERSEDES ALL PRIOR OFFERS. Terms of this offer, including fees and calculation of variable rates, are accurate as of May 1, 2004 and may change after that date. To find out what may have changed after that date write to us at PO Box 15410, Wilmington, DE 19886-0820.
Please allow 30 days for us to process your application.
Cardmember Agreement: You agree to be bound by the terms of the Cardmember Agreement, which will be sent with the Card. You also agree that the Cardmember Agreement and the Account are governed by Delaware and federal law. The Cardmember Agreement, which includes the rates and fees, is subject to change.
Arbitration: The Cardmember Agreement provides that we may choose to resolve a claim relating to your Account by binding arbitration, in which case, you will not have the right to have that claim resolved by a judge or jury. You may reject the arbitration provision with respect to your new Account within 30 days after receiving your Card. For restrictions and details, write to us at PO Box 15192, Wilmington, DE 19886-1020.
Ohio Residents: Ohio laws against discrimination require that all creditors make credit equally available to all creditworthy customers, and that credit reporting agencies maintain separate credit histories on each individual upon request. The Ohio Civil Rights Commission administers compliance with this law. New York Residents: Call the New York State Banking Department at (800) 518-8866 for a comparative list of credit card rates, fees and grace periods. Wisconsin Residents: No agreement, court order or individual statement applying to marital property will adversely affect a creditor's interests unless prior to the time credit is granted the creditor is furnished with a copy of the agreement, court order or statement, or has actual knowledge of the adverse provision. Married Wisconsin residents must furnish their spouse's name and address to us at PO Box 15410, Wilmington, DE 19886-0820.
Features and Benefits: Up to 1% Cashback Bonus award when you exchange your cash award for up to double the amount in certificates for products and services from our Cashback Bonus Partners, which are subject to change without notice. Cash award is up to 1% of each purchase based on your annual level and type of purchases with purchases at the highest level accruing awards at 1% under this Cashback Bonus program. For purchases made at select warehouse clubs and discount stores you will accrue a cash award at a rate of .25%. Award is redeemable in $20 increments. Restrictions apply. You will receive complete Cashback Bonus Terms and Conditions with your Card.
Scheduled Air Travel Accident Insurance is underwritten by National Union Fire Insurance Company of Pittsburgh, PA. Certain limitations and exclusions apply.
Secondary Rental Car Collision Coverage is an insurance program and only available to Discover Platinum Cardmembers. Certain restrictions and limitations apply. Refer to the Description of Coverage for full disclosure. The Plan Administrator for the Secondary Rental Car Collision Coverage is AON Innovative Solutions, PO Box 220, Golden, CO 80402-0220. The Plan is underwritten by Virginia Surety Company, Inc., Glenview, IL 60025.
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Discover® Platinum Card
