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Credit Card Applications » News » Other » Motiva Credit Card

Motiva Credit Card

January 10, 2008 | Updated on January 10, 2008
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The content is accurate at the time of publication and is subject to change.

Motiva Credit Card - Get Motivated to Pay on Time

It can hardly be denied that lots of Americans apply for credit cards to use them as unsecured loan. Because of the ever rising mortgage rates, more and more cardholders rely on their plastics as the basic source of funds to provide for everyday purchases. Carrying a balance at best and defaulting on credit cards at worst have become just as natural as putting food stuff and other petty things on plastic.

It often happens so, that a customer begins with just carrying a balance but ends up deep in debt. Credit cad companies are constantly facing risk of losing millions of dollars in collection charges because of the defaulting customers.

Because of that lenders don't object to you making minimum payments only but they do want you to make them on time. So, they've been looking for an effective way of motivating debtors to pay credit card bills on time. And they've found it.

A new credit card which motivates cardholders to pay each of their credit cad bills on time is on the market. Motiva credit card issued by Discover company turns you into a disciplined and responsible customer, rewarding you for regular and full payments of your credit card bill.

Now just think that late credit card payments will not only mean higher APR on purchases and late payment fee but will also take away a generous bonus amounting to a month's interest. Yes, that's exactly how Motiva card keeps you paying without fault month after month. You are given six months in a row to pay your bills on time and if you cope with it, you get the seventh month's interest as a bonus.

Then, all you have to do is to promptly effect the seventh month's payment, which extends the reward program over to the next six months. It is simple math. Twice a year, your monthly credit card bill is sponsored by your bank.

So, what does Motiva credit card do? It improves your credit management habits and helps you pay off your balance at a lower cost. It could be a perfect variant for credit cardholders who usually carry some balance on their credit line and pay extra in interest rates.

If paying interest on a credit card is not a good penalty enough for a customer to make monthly payments duly on time, then a customer should be aware that his/her irresponsibility can lead him or her to a credit card debt and even to bankruptcy .

In fact, Motiva credit card, rewarding you for timely payments, protects you against falling into debt. But, unfortunately, you will have to pay a certain price for such a generosity. It appears that you generally tend to spend more money and so carry higher balances with this card because you will want to receive a bigger bonus for paying on time.

Naturally, customers who do not carry balances at all, lose the privilege of "Pay-On-Time Bonus" offered by Motiva credit card and inversely he more you owe, the bigger the bonus. Evidently, under such circumstances it is going to take you much longer to get from under the debt but in the long run you will, provided you always send bills on time.

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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  • Larry
    With the Virgin / Barclaycard signature offer, there seems to be some consumer deception or maybe even outright fraud goin on.   I decided to jump on this offer..  read all the info on it..  was approved for their platinum card, paid the fee, then was only awarded 10,000 points instead of the advertised 20,000.   When i inquired about the less than advertised bonus points, Barclaycard claims only Signiture Visa cardmembers get the 20,000..  as a platinum cardholder, you don't qualify for that level of bonus, so you get 10k instead.   Well, in their current ongoing promotions, it states plain as day that....    Applicants approved for the Visa Signature or Platinum Card with $49 annual fee will receive 20,000 Bonus Points awarded to your Virgin America Rewards Account at the close of the first billing statement in which you make your first purchase or balance transfer (that is not returned or rescinded) and have paid the Annual Fee on the account (and such fee is not rescinded). They don't mention anything about a separate program for platinum cardholders..  However, trying to get someone to resolve this issue with either Virgin or Barclaycard seems to be rather impossible.. Seems to me they're simply drawing people in with the fraudulent offer, then simply saying, oh, we're sorry you don't qualify..  but thanks for signing up for our garbage credit card with insane fees..   
  • CreditLandCom
    Thank you for sharing your experience with us. We have reviewed this offer and you are correct, nowhere it is mentioned that 20,000 Bonus can become a 10,000 Bonus all of a sudden... We will mention this in our review of this card so others can make an informed decision. Another way to get Virgin miles is to get an American Express charge card: The Business Gold Rewards Card® now offers 50,000 Miles, though you do have to spend $5,000 in the first three months of card membership to get it. It also has $0 introductory annual fee for the first year, then $175. Premier Rewards Gold Card now offers 25,000 Miles, though you do have to spend $2,000 during your first three months of Card membership. It also has annual fee of $0 for the first year, then $175. While we do not know If any of these offers make sense to you, we are at least sure that you will get advertised bonus in full if you decide to get them... Conversion rates for Virgin America are: 100 Elevate Points = 200 Membership Rewards® Points All the best.
  • Deborah Ellsworth
     would very much like to start a new credit history  by making payments on time I would tohave a credit card that is NOT PREPAYID! I don't need a card with a high limit just something to start a new credit history. Thank You Deborah Ellsworth
  • Deborah Ellsworth
    I would very much like to start a new credit line to get back on track. I DO NOT WANT A PREPAID CARD!! This new credit card if I am approved does not have to hace a high limit just something for me to start over again and prove myself ThankYou. D Ellsworth
  • Miss Edna
    there is a huge problem with the RFIP chip: it is easily compromised. There are already 'readers' in the form of what looks like a cellphone in a case, that scans all the info in the chip by merely walking near a person -- this 'reader' penetrates leather, cloth, spandex, etc. The only thing it will NOT penetrate is METAL. Perhaps one has seen commercials touting metal credit card cases. Here is my hint for a free fix: cut a piece of aluminum foil or use the foil that is used to keep foods fresh, like coffee. Cut it so that when folded once, it forms a sleeve for your credit card. place the credit card in the sleeve, then place the sleeve in your wallet.
  • Robin Parks
    I am looking to apply for the AARP Visa signature card from Chase that offers $100 after spend $500 in first 3 months, no annual fee and 0% interest first year; I don't want to mail in offer because of having to write in Social security #. Can you direct me to the proper on-line site?
  • CreditLandCom
    The Chase bank cards are not currently available at, but you can consider applying for the Citi® Dividend Platinum Select® Visa® Card - $100 Cash Back. The cards has similar terms and cash back program.
  • Becky
    This is Becky Now what do I do just waqit for acard to come to me?
  • CreditLandCom
    Once you have applied, you should receive a letter within 10 business days letting you know if you were approved and when your card will arrive. If you did not receive any letter or notification from the issuer, you should contact them directly. Also, you should contact the issuer if you’ve been waiting for your credit card longer than 30 days. Since we are not a bank and don’t issue credit cards, we cannot give you any information about your application or credit card.
  • SavingStar
    Thank you for posting about SavingStar. Just to clarify one sentence in your article, we have over 5 million members (not 500). Thanks, Josh
  • CreditLandCom
    Sorry for the misprint. We’ve corrected the sentence. Thank you for noticing that.
  • Eric
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