Discover Card
Discover® is one of the major credit card issuers in the market. However, unlike some other major issuers with a whole series of different cards, Discover® has essentially five types of credit cards and they have trimmed their credit card portfolio over time. Many have the same features and the thing that distinguishes Discover® cards is that you can choose from over 150 designs. Most Discover® Cards are hybrid reward credit cards with a combination of cash back and reward features. We will explore them briefly below.
5% rebates on Get More Merchants - On their flagship Discover® More card and on their Discover® student card. Discover® offers cardholders 5% rebates when purchases are made with "Get More Merchant Partners". This is the only credit card we know that pays 5% rebates on purchases outside the area of supermarket, gas and pharmacy purchases. The merchants rotate and vary every month. For the Platinum Open Road Card and Business Card, 5% rebate is earned when you make gasoline and office supply purchases.
Up to Double your cash rebates - All Discover® cards, except the Miles Card, allow you to exchange cash rebates you have earned for gift certificates of merchant partners (present count is 60). If you do this, the value of gift certificate will be higher than the cash rebate. For certain merchants, you can get double the value of your cash rebates. This is another unique feature of Discover® cards that no one else has.