The Discover® Gold Card is a credit card that is designed for those with a good credit history. Issued by Morgan Stanley, this is a rewards based credit card, which offers cash rebates on purchases made on the credit card. Cardholders can earn one percent rebate on purchases made with the credit card, which is sent out in $20 certificates for every $2000 spent to a maximum of $6000 per year. The rebate then drops to 0.5 percent, in the form of $10 certificates for every $2000 spent. There is a maximum rebate earning limit of $500 per year.
This card offers a twenty-five day grace period, and there is no annual fee charged for this credit card. Late repayment fees on this credit card range from $15 to $39 depending on the balance of the credit card. Unauthorized borrowing that takes the account over the limit is charged at between $15 and $35, and there is a three percent or five dollar fee on cash advances. Balance transfers are charged at three percent or five dollars minimum, with a $50 maximum charge per balance transfer transaction. In addition to the rewards program, this credit card also offers a range of additional benefits to cardholders, and these include: a selection of credit card designs, Internet account services, travel accident insurance, fraud and security protection services, car rental insurance, and emergency card replacement. You can also get a free ‘2GO' key ring sized credit card.
This card has a minimum credit line of $2000 and a maximum of $50,000. Cardholders can enjoy a twelve month introductory interest rate of 0% on balance transfers. New purchases are charged at an interest rate of 13.99 percent variable, and cash advances are charged at 20.99 percent variable.
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