The three cards – Discover it, Barclaycard Ring MasterCard and Discover it chrome- were ranked according to how beneficial they will be when used by parents who carry a balance, transfer a balance, utilize rewards systems and appreciate cash-back rewards for their purchases.
According to the website, the features of the three cards will help consumers save money and enjoy convenience on all types of household purchases throughout the year.
The Discover it cardholders are able to sign up for quarterly promotions that yield 5% cash back on a special type of purchase. The categories previous included in this 5% CashBack Bonus promotion have included restaurants and movies, online shopping, gasoline purchases and home improvement purchases.
Consumers can shop in the ShopDiscover portal at all of their major brands to earn between 5% and 20% CashBack bonus when they pay online. The Discover card offers a promotional 0% APR period on new balances and balance transfers for up to 15 months after approval, based on creditworthiness.
According to MyRatePlan.com, the distinct feature of the Barclaycard Ring MasterCard is its low APR, which is currently 8%. The product was actually designed as a crowdsourced, ‘social’ credit card that grows and changes based on user input.
As the users of Barclaycard Ring MasterCard, parents can suggest a rewards structure, or dedicate some of the interest paid on their balance to fund start-ups or independent projects. Cardholders can engage not only with Barclaycard representatives, but also with each other, in an online forum that gives them control over what the card does, how it works, and how useful it is for the purchases made by parents.
Discover it chrome offers consistent 2% cash back on all gas and restaurant purchases. Similar to Discover it, Discover it chrome card comes with the ShopDiscover portal for between 5% and 20% CashBack Bonus on online purchases.
The card also comes with identical benefits compared to the Discover it: extended warranties, enhanced car rental insurance, and the ability to use accrued CashBack Bonus dollars on Amazon.com purchases without any limits or increment restrictions.