Credit Cards

Tips, news, reviews, caveats, trends, updates and analysis related to consumer and business credit cards, and prepaid debit cards. From the interest rate specialists @ FedPrimeRate.com

Friday, May 15, 2009

Discover Releases A Biodegradable Version of The Discover More Card

Discover More Biodegradable Credit CardWhile campaigning for the White House, Senator Barack Obama promised America that he would create 5 million "green jobs" over the next ten years. Following through, President Obama tagged $60 billion of stimulus cash for investment in clean energy and technologies. For some perspective: the Obama administration has committed more money to foster America's green economy than the gross domestic product of Luxembourg.

Complaints about all the planned green spending have been few.

It's clear that green movement is no passing fad, so many companies are trying to figure out how to capitalize on America's burgeoning love for and commitment to all things green. Discover Financial Services' (DFS) answer: a new version of the popular Discover More card that's biodegradable.

The Biodegradable Discover More Card
is made from a special PVC plastic that's designed to safely breakdown when exposed to conditions similar to those found in landfills.

Card features and benefits include:

  • 0% introductory APR on new purchases and balance transfers for 6 months.

  • After the introductory honeymoon is over, the new purchases APR is 10.99% - 18.99%, depending on the cardholder's credit quality. For transferred balances, the "goto" rate is 10.99%.

  • 5% Cashback Bonus® in categories like travel, home improvement stores, department stores, gas, restaurants, pet stores and many more

  • Up to 1% unlimited Cashback Bonus® on all other purchases

  • 5% to 20% Cashback Bonus® through our exclusive online shopping site

  • No annual fee

For each transferred balance, the fee is 3%, with no minimum and no maximum.

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3 Comments:

Anonymous Anonymous said...

Please be wary Iberia Bank charges a 2% fee for foriegn currency. This might apply to those living in US, as Iberia Bank may be based out of the US...

Thursday, May 21, 2009 7:09:00 PM  
Blogger FedPrimeRate.com said...

> Please be wary Iberia Bank
> charges a 2% fee for foreign
> currency. This might apply to
> those living in US, as Iberia
> Bank may be based out of the
> US...

It's perfectly normal for a credit card bank to charge a foreign transaction fee. 2% is very typical.

IberiaBank is owned by Pulaski Bank and Trust Company, which is headquartered in Little Rock, Arkansas.

Thursday, May 21, 2009 7:33:00 PM  
Anonymous blackMARKER1 said...

Biodegradable credit cards? Don't leave it out in the open for...what...three years? :P
Seriously though, its good to hear that credit card companies are becoming "green" as well.

Sunday, August 08, 2010 7:07:00 PM  

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