Discover offers a great incentive to open a new credit card with them. Their cash back card offers a 5% cash back bonus on everyday expenses. Though there are restrictions on what purchases you can get 5% on but you’re not going to get a better cash back rate else where. Like the credit card that Schwab offers which gives you 2% on every purchases, this card from Discover gives you 1% of most purchases with the added bonus of 5% on some of the most popular categories like gas, groceries and restaurants. You’re likely not able to put your home loan payment on the card but you can earn 5% to 20% at over 100 online retailers.

This card also offers an introductory card rate of 0% APR on card purchases for six months in addition to a 0% APR on balance transfers for twelve months. More than a quick fix for someone that needs to move some cash balances around.

You will have to manage your card online, similar to an online bank. You do receive the top service and security their is to offer on the web. In addition, Discover offers a Spend Analyzer and Paydown Planner to help you better manage your Discover credit card