Biodegradable More® Card Discover® Card

Here is the first of a long list of Credit cards i will be reviewing.
It is the Discover card Biodegradable More® .
This card has a lot of good qualities such as:

• 0% Intro APR on Purchases and Balance Transfers
• No Annual Fee.
  
• 5% Cashback Bonus®.^*
  
• Up to 1% Cashback Bonus on all other purchases automatically.
  
• Help protect the planet with the new biodegradable Discover Card.
  
• Card plastic breaks down 99% within five years in landfill conditions.
• $0 Fraud Liability Guarantee.

For those of us that are into helping our planet , the fact that this card is biodegradable is a great quality. Less stress on the land fills.
No annual fees is always one thing i look for in a credit card. We already pay enough in interest for the use of their credit.
5% cashback bonus is a great selling feature becuase we all like to gat a little something back for spending our hard earned money.
The cash back categories like travel, home improvement stores, gas, groceries, restaurants, movies etc.

Here is a list of the info from the card site including interest rates:

Annual Percentage Rate (APR) For Purchases	0.0% until the last day of the billing period ending during February 2010;* then the standard APR, a rate between 11.99% variable and 18.99% variable
Other APRs	Balance Transfers: If requested with Application, 0.0% for 6 billing periods from the date of account opening for balance transfers made with your application*, then the standard APR for purchases. Cash Advances: 24.99% variable Default Rate: Up to 29.99%* variable
Variable Rate Information	The standard purchase APR may vary monthly and equals the Prime Rate plus an amount between 8.74% and 15.74%. The cash advance APR may vary monthly and equals the Prime Rate +21.74%.† The default APR may vary monthly and equals the Prime Rate + up to 27.99%, but such rate will never exceed 29.99%.
Grace Period for Repayment of the Balance of Purchases	At least 25 days when you pay your balance in full each month
Method of Computing the Balance for Purchases	Average Daily Balance (including new purchases)
Foreign Currency Transaction Fee	2% of the U.S. dollar amount of each purchase made in a foreign currency
Annual Fee	$0.00
Minimum Finance Charge	$0.50
Other Fees	BALANCE TRANSFER TRANSACTION FEES: 3.0% for each balance transfer made with this application, thereafter, other offers may have a fee of up to 5%, with minimums and no maximum. CASH ADVANCE TRANSACTION FEE: 3% for each cash advance, with a minimum of $5 and no maximum. LATE FEE: $19 on balances up to $250 and $39 on balances over $250. OVERLIMIT FEE: $15 on balances up to $500, and $39 on balances over $500.

You can apply for this card at:
www.1-creditcard.com

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