The Discover Motiva Card is the only credit card that will reimburse a full month’s interest if you pay on time. You wise management of the card earns you some cash rewards. They will give you a Pay-on-Time bonus if you make six consecutive on time payments.

The Motiva Credit Card from Discover rewards members who pay on time for six cycles in a row by reimbursing the interest next month as a Pay-On-Time Bonus. You can get this every year, twice if you manage your card properly.

The Pay-on-time Bonus gives members of the Cashback program will have two ways of earning more cash rewards aside from earning unlimited points for every purchase made.

The Discover Motiva Card provides useful payment tools and it also helps card holders by sending payment reminders. You can also make payments over the phone for free, that is even on the due date itself.

Overview of Benefits

• No Annual Fee

• Unlimited cash rewards

• You can choose a due date that will comfortably fit in with your schedule and finances

• Receive automatic email reminders so you will not miss your due date

• You can pay over the phone for free even on your due date

• Get a Pay-on-time bonus when you make six consecutive on time payments

• Cash Back Bonus of 5% through 20% from online shopping sites

• 1% automatic cash back bonus for other purchases

• Redeem your rewards and convert them to great branded items from more than 100 well-known brands

• No liability for fraudulent transactions and get fraud alerts

• No hassle secured online shopping

Rates and Fees

• Intro APR of 3.99% for the first 12 months if you have excellent credit

• APR of 3.99% for the first 6 months; standard APR goes for 11.99% through 18.99% variable

• Cash Advances at 23.99% variable

• Although you enjoy unlimited cash rewards you don’t have to worry about any annual fee

• Late Fee of $19 for balances up to $250; $39 for balances more than $250

Analysis

The Discover Motiva Card is perfect if you are the kind who maintains a balance on your credit card but still pays on time. The intro APR is an icing on the cake for people with an excellent credit. The other features like no annual fee, payment over the phone, cash back bonuses, and online access is perfect features for good value and convenience.

The downside of this card is that it somehow encourages you to be in debt by maintaining a balance on your card and getting some reward for it. The interest rates are a bit high if you will compare it with other offerings for low-risk individuals. You need to do the math if it will cost you more to carry the remaining balance or it is well worth it to enjoy the rewards.

Verdict

The Discover Motiva credit card is offers good value for those who do not immediately pay their balances. Carrying a balance in sense pays off as long as you manage your payments well. The cash back bonuses like other reward programs is a good treat.