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(Update: This card is no longer available.)

The Discover More Card doesn't offer the best rewards program on the market. It also doesn't offer the longest 0% interest promotional period. So why would anyone want to get it, and what makes it Discover's flagship card? What the Discover More Card consistently offers cardholders is a little bit of everything in one package. No annual fee, 0% interest on both purchases and balance transfers, and a cash back program that provides up to a 5% bonus for certain categories throughout the entire year. In addition, Discover doesn't mess around with the card's benefits very often, so consumers have come to know and understand what they can expect from this card.

So if you prefer to avoid annual fees and simply want a basic cash back credit card that also offers a competitive 0% interest promotional period, Discover's most popular card is at least worth checking out and comparing to what you currently have in your wallet. It's not the best card out there, but it's definitely better than that old debit card you've continued to use ever since you opened your first checking account. Here are the most important benefits you should keep in mind: Pros of Discover More Card

1. 5% cashback bonus on up to $1,500 in quarterly rotating categories like restaurants, movies, gas, theme parks, and holiday shopping. Purchases in excess of $1,500 will earn 1% cash back. Don't forget you'll need to sign up for this bonus each quarter!
2. Earn 1% cashback on all other purchases after spending $3,000.
3. No annual fee and 0% interest for 15 months on BOTH purchases and balance transfers.
4. You can double your cash back bonus by redeeming rebates for gift cards from partner retailers via Discover's website

Cons of Discover More Card

1. You only earn .25% cash back on "all other purchases" until you hit the $3,000 spending threshold.
2. The balance transfer fee is 3%.

If the Discover More Card sounds appealing to you, you may want to compare it with the Chase Freedom MasterCard as well before making a final decision. Both card offers are quite similar in many aspects; however, the Chase Freedom Card offers 1% on all other purchases with no spending threshold. That's a definite advantage over the Discover More Card. However, it's still important to compare the bonus categories, take a look at what will be a better fit with your spending habits, and then try to determine which card will net the most in overall cash back rewards. The difference might end up being small, but hey—every dollar counts, right?