The Discover Motiva Card Is LOL Funny

I've been recommending the Discover More card for years. The card has great features, like 0% intro APR on both balance transfers and new credit card purchases, and a decent rewards program. Discover More charges a fee for transferring balances these days, but the card still offers much value if you pay your entire balance in full each month.

Discover recently introduced a new credit product: the Motiva Card. I had to chuckle when I saw a commercial for Discover Motiva. The primary selling point of this card is:

"Each time you make 6 on-time payments in a row, get your next month's interest back"

So, the good folks at Discover Financial want us believe that it's OK to pay interest on your Discover Motiva credit card debt, because Motiva will reward for it by returning one month's interest to you, about every half a year or so. Wow! What a great deal! Motiva is really looking out for me!


Here's a clip from the Motiva Card FAQ:

"Pay-on-Time Bonus is a type of Cashback Bonus that you earn for making your payments on-time. Each time you make 6 on-time payments in a row, we'll pay you the next month's interest back as a Pay-On-Time Bonus. An on-time payment means paying at least the Minimum Payment Due by the Payment Due Date. Your statement will display the remaining number of on-time payments you need to earn a Pay-On-Time Bonus. The amount of your Pay-On-Time Bonus will be included on your statement in the Cashback Bonus Summary section, along with the cash rewards you've earned on purchases."

Heh...Funny stuff.