Discover More Credit Card $75 Cash Bonus and 0% Introductory Offer

A loyal reader of MonitorBankRates.com alerted us to this deal.

Discover Bank is offering a $75 cash back bonus on their Discover More Credit Card. To receive the bonus you have to make $599 in credit card purchases within the first three months of being approved for the credit card.

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This offer is good until January 20, 2010, so you have to apply for the card before then. Once you have made $599 in purchases, the $75 credit card bonus will be applied to your credit card account within eight weeks.

There is also a 0% credit card rate introductory offer for purchases until July 2010 and a 0% balance transfer offer until November 2010.  The balance transfer fee under this offer is 4%. Once the introductory credit card rates expire the interest rate you pay will be between 11.99% and 17.99% depending on your credit.

If you’re late making a payment, the introductory period will end and the credit card rate can increase to as high as 29.99%, so don’t be late! The cash APR is a 23.99% variable rate.

Tip: If you are late making a credit card payment, call the credit card company and ask them to waive the late fee(s) and keep the interest rate the same. If you haven’t been late making a payment recently the bank will probably give you a break but you’ll never know unless you call.

There is also a 5% cash back bonus for certain purchases throughout the year and a 1% cashback bonus on all other purchases after your annual purchases exceed $3,000. The first $3,000 earn a cashback reward of 0.25%.

To apply for this credit card deal go to www.apply.discovercard.com and use Invitation Code: DAAG. You can also apply by phone by calling 1-800-210-9022.