Issued by Morgan Stanley, the Discover� Platinum Clear Card is a platinum card that is designed to suit those with a very good credit history. This credit card also offers a rewards program, which enables cardholders to earn cash rebates for all purchases made on the credit card. The minim rebate starts at 0.25 percent, and cardholders can earn up to two percent. The exact rebate awarded will depend upon the amount spent, as well as on where the purchase was made.
There is no annual fee associated with this credit card, and cardholders can enjoy a grace period of 25 days. There are charges of between $15 and $35 for late payments, with the exact fee dependant upon the balance of the credit card. There are also charged of between $15 and $35 on unauthorized borrowing that takes the credit card over its authorized credit limit. Both cash advances and balance transfers are charged at three percent of five dollars, whichever is the greatest. However, there is a maximum per transaction charge of $50 on balance transfers.
With the Discover� Platinum Clear Card, cardholders will enjoy a range of addition benefits in addition to the rewards program. These benefits include: travel accident insurance, fraud and security protection services, car rental insurance, a choice of credit card designs, Internet account services, and discounts on products and services at participating merchants and retailers. Cardholders can also get a free �2GO' key ring sized credit card.
The minimum credit limit on this card is $5000, and there is a maximum credit limit available of $50,000. The standard interest rate can start at just 9.99 percent but is dependant upon credit history. There is also an introductory interest rate of 0 percent on both new purchases and balance transfers, and this applies for the first ten months.
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