A good credit card deal is something that everybody would like but seems to be more and more difficult to find. With rising credit card rates, card companies are cutting back and being less generous. One card that stands out above the rest is the Discover card. Here are a few pros and cons of the card”

Pros:

- 5% cash back in many categories such as department stores, gas and restaurants.

- 1% cash back on all other purchases

- Save 5% to 20% on all purchases made through their exclusive online store

- Promotional 0% APR for 6 months

Cons:

All of this would be nice if you can find merchants who will accept discover. One of the reasons why they can offer higher rates to their customers is because they charge a higher fee to merchants. I recently used my discover card after it was not used for several months. After only 6 purchases I remembered why I stopped using it. Two out of six or 1/3  of my attempts were failures.  Whenever I hand someone a Discover card I brace myself for the “I’m sorry, we don’t accept Discover”. I always come prepared with a back up method of payment. Do not carry this card exclusively. You might find yourself washing dishes.