Discover Platinum Card is one of the cash reward credit cards operated by Discover Financial Services, a business unit of Morgan Stanley.The card offers a number of benefits to the user.Discover Platinum Card provides 5% cash back on purchases made at select merchants or in certain categories throughout the year.You will get up to 1% cash back on all other purchases made using the card.Besides, you can increase your cash back bonus when you redeem your cash rewards for gift cards or certificates from the company's partners.Certain circumstances, such as account closure and inactivity for more than 36 months, however, could result in forfeiture of some or all your cash back bonus.The Annual Percentage Rate or APR is 0% for all purchases till the last day of the billing period.After that the standard APR (estimated between 11.24% and 18.24%) is charged.Balance transfer APR is 0% till the last day of the billing period.Post this period, the standard APR is charged.For defaulters, the rate is between 16.24% and 28.99% and is decided on the basis of their payment history.For cash advances, the APR varies between 20.99% and 22.99% based on what Discover Card you have.A 25 day (or more) grace period or interest-free period is also there for Discover Platinum Card holders.Credit limit for Discover Platinum Card is $5,000 and $1000 for Discover Gold/Classic Card.The two cycle average daily balance method is applied to determine the card holder's charges.This method is slightly costlier than the more commonly used daily average balance.The Discover Platinum Card has no annual fee.Also, there is no charge for additional cards on one account.You can share all the benefits of the cards with your family members with the additional cards issued in your name.The fee for every cash advance transaction with this card is 3%.It charges late fee of $15 on balances up to $500, and $39 on balances over $500.Its over limit fee is $15 on balances up to $500, and $39 on balances over $500.You will get air travel accident insurance and rental car collision coverage with this card.Some of the other benefits that the user of discover cards can receive are different card designs, online access to account information, emergency replacement of cards, protection against fraud, Insurance for auto rental, travel accident insurance up to $500,000.The company also provides easy account management options.Its online account options provide you timely reminders about fees and charges.Discover Financial Services a variety of other cards including the Discover Gold Card, the Discover Platinum Card, The Miles Card from Discover Card and an array of affinity cards.These cards, intended for meeting the different needs of people, have several benefits and incentives.It is suggested that if you are applying for any of the Discover Cards, you compare the benefits with other cards.Do a little research in the internet before going for the card.Also, you should understand the various jargons and terms like APR, fees, annual charges, cash back bonus, gift certificates etc, mentioned in the application form.If you do not understand any of the term and condition of the card, ask the customer care service for details, they will help you understand.Also, credit cards have both advantages and disadvantages.The users should be aware of the pros and cons if they have applied or now using the credit cards.The cards may be an easy solution to the cash crunch, but if misused you will fall under debt trap.Note. The figures specified in this article were current at the time of writing the article.However, author doesn't guarantee the correctness of these figures.

The Discover Mix Tape Student Card is a student credit card that offers its owners a little bit of two things that young people usually desire, freedom and flexibility.The rewards program allows Discover Mix Tape owners earn cash rewards on a variety of different purchases, while simultaneously providing up to 1% cash back on everything else.You can also choose from a number of different designs that are all customizable.Some of the design layouts you can choose from are wildlife, pets, sports, abstract designs, city and landscapes, and many more.The Discover Mix Tape Student Card offers a 0% introductory APR for six months on all purchases, in addition to 0% APR on balance transfers for 12 months.The 0% introductory offer on balance transfers is only available on transfers made from now until January 10, 2011.If you are going to capitalize off of this excellent balance transfer rate, then make sure to apply now for your Student Card.This is a no annual fee credit card.New card owners will automatically earn.25% cash back on all purchases with this cash back rewards credit card.In order for Mix Tape card owners to start receiving a full 1% cash back on all transactions, they must reach a total of $3,000 in spending.Keep in mind that although 1% cash back may not sound like a lot, the amount of earnings is unlimited.Card owners will also have access to ShopDiscover, where you can really maximize your cash back earnings with discounts and bonuses that some partnered merchants will provide.Card owners will also earn 5% cashback on different spending categories that are based on a rotation.This rotation was designed to best suit the needs for college students of today.Make sure you have a good understanding of the cash back bonus rewards program and start earning today with this account.The current category rotation is as follows..* January- March. Earn 5% Cashback on up to $800 worth of purchases when you spend at any restaurant, or for travel expenses like airfare and hotels.* March. Earn 5% Cashback on every purchase you make at drug sores and grocery stores.This is perfect for students looking to usher in the new season!* April- June. Earn 5% on every purchase that you make at any specialty clothing, home improvement, or department store.* July- September. Earn 5% cashback at movies, theme parks, hotels, and gas stations.Discover Mix Tape Card will reward you for enjoying your summer.You've earned it with your hard work and responsible card ownership!* October- December. Earn 5% Cashback on up to $300 worth of purchases at restaurants or at clothing stores.Make your holiday season a little extra nice with this Card.Mix Tape Card owners can start redeeming points in increments of $20, which is also the minimum to redeem.Remember that you can earn anywhere from 5-20% cash back rewards when you redeem your points online at ShopDiscover partnered merchants.No shipping or fees when points are redeemed for gift cards.If you choose a direct method of point redemption, then you can select from having the funds deposited directly into your bank account or have the amount credited back to your statement.Discover Mix Tape Student Card Information..After your intro rate expires, the standard APR for this account is a variable 13.99%-20.99% for purchases.You will be charged a 3% fee for all balance transfers during the introductory period offer, afterwards you will be charged either $10 or 5% of the total transfer amount, whichever is higher.The same rate applies for all cash advances.The Discover Mix Tape Student Card is a no annual fee credit card.Card owners will also have access to a lot of the other features that make Discover one of the best card companies on the planet.You will also have full access to online account management.You will be able to see a real-time transaction history on discover.Com and also be able to make their payments.This is also a great portal to ShopDiscover and a place to keep track of your cash back earnings.Earn big rewards with the Discover Mix Tape Student Card.