Discover® Motiva Card
The Discover® Motiva Card gives cardholders a cash bonus if you pay your minimum bills for six consecutive months. The bonus you will get will be the finance charges the following month after six consecutive of on time monthly payments. Let's explore this card in further detail.
Pay-On-Time Bonus - The Motiva Card has a Pay-On-Time Bonus which works like this. If you pay on time the minimum payment for six consecutive months, on the following month, you will get a bonus that is equal to that months finance charges. So basically twice a year, you can earn a pay-on-time bonus and get back two months of finance charges.
- Cash Rewards for your good credit management!*
- Automatically get a Pay-On-Time BonusSM equal to a full month’s interest every time you make 6 on-time payments in a row—twice a year, every year
- 5% to 20% Cashback Bonus® at top retailers through our exclusive online shopping site
- Up to 1% Cashback Bonus on all other purchases
- Unlimited cash rewards
- Increase, even double, your rewards when you redeem for gift cards from our 80 Cashback Bonus Partners
- No annual fee
- Free payment by phone
Rebate Formula - In addition to The Discover Motiva Card is a tiered cash back credit card. You can potentially earn up to 2% rebate. Here is how it works. The tiered cash back formula is based on your annual expenditure. For the first $1,500 in annual expenditure on your Discover Motiva Card, you earn 0.25%. For the next $1,500 in annual expenditure (ie $1,500 to $3,000), you earn 0.50% rebate. Once your annual expenditures exceed $3,000, you earn 1% rebate. You can earn unlimited rebates which do not expire.
Discover Motiva Card has a 5% to 20% Discount on Discover's Online Store - Cardholders can also get discounts (5% to 20%) on shop discover online.
Discover Motiva Card will give you double the value of your rebates - Another great feature of the Discover Motiva Card is that you can up to double the value of the cash rebates you have earned by exchanging them for the 60+ merchant partners gift certificate. That means that a $20.00 rebate can turn into a $40.00 gift certificate.