Review of Discover Titanium Card



The Discover Titanium Card was last reviewed on : 1st July 2005

Summary - The Discover Titanium Card is a basic low cost credit card with no reward programs. There is no annual fee. The APR is Prime Rate plus 3.99%, which is low. The grace period is 25 days, more than the usual 20 days used by most credit cards. However, the Discover Titanium (like all Discover cards) use the two-cycle average daily balance method of calculating your monthly balance.

Though the Discover® Titanium Card discover titanium card has a low APR, this card is not for everyone. Those carrying a large balance and looking to transfer them over and gradually looking to reduce them should consider other cards which do not use the two-cycle average daily balance method. For those who pay their bills on time and do not carry a balance, you may be better off looking for a no annual fee reward credit card.

Discover cards can be downloaded to Microsoft's Money or Quicken

Positives
  • No annual fee
  • Low APR
  • 25 day grace period for purchases


Negatives
  • Uses the two-cycle average daily balance method of calculating monthly balances



Discover Titanium Card
Cost/Fees/Interest rates
Introductory rate 0% introductory APR on purchases and balance transfers for 8 months
Annual Fee No annual fee
Purchase APR Prime Rate plus 3.99%
Balance Transfer APR Prime Rate plus 3.99%
Cash Advance APR 20.99%
Penalty/Default Rate APR Prime Rate plus 10.99%, 15.99% or 19.99%
Min Finance Charge $0.50
Grace Period 25 days
Balance Calculation Method 2-cycle Average Daily Balance (including new purchases)
Balance Transfer fee 3% min $5.00, max $50.00
Cash Advance fee 3% min $5.00
Over-the-credit-limit fee $15.00 - $1000 or less
$35.00 - greater than $1000
Late Payment fee $15.00 - up to $100
$25.00 - $100-$1000
$35.00 - greater than $1000



Apply for the Discover® Titanium Card discover titanium card

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