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Is there any pay limit to apply this card? What are the offers given for this card and how competitive to the rest? Why go for Discover it card? Currently holding DBS Master Card and BOC Visa card.

Answered on | Updated on January 6th, 2013
The content is accurate at the time of publication and is subject to change.

The first thing credit card issuers look at when they consider your credit card application is your credit history. The pay limit is not that important, it is enough if you have stable sufficient income and permanent job.

Discover it® cards offer 1% cash back on all purchases and additional 5% cash back in categories that change throughout the year. The regular APRs for Discover it credit cards are the same (except the card for students), differs only 0% introductory periods. You may choose a card with the maximum 18 months 0% intro APR on balance transfers or a card with an equal 14 month 0% intro APR on purchases and balance transfers. Note that when the introductory interest rate of the Discover cards is over, the ongoing APR will apply.

There are other benefits gathered in one Discover it card such as no late fees, no foreign transaction fees or pay your bill in last minute features. These features cannot usually be found in one credit card.

As for going for Discover, it would be better if you do not close your old credit card. Closing your old accounts you shorten your credit history which will negatively impact your credit score. If you are good in having more than two credit cards, there’s nothing wrong to apply for one more card.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
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