bchalk

@skbenja - Why wouldn't you care, if you ever needed to extend something over a month 17% is hell of a lot higher than 10%, sure as long as you do pay them its fine, but why bother with the hassle? The card at my credit union is: in the same online banking as my checking with 2 clicks for a payment, less APR, no extra fees for cash advances, no fees for using the convenience checks, and its visa... accepted everywhere. Why go out of my way to use the higher APR discover card? Well besides the orange card is pretty cool I guess :p.

Oh btw if you haven't already done so sign up for automatic monthly payments, even if you just pick minimum you will avoid any late fees!!!! I've heard horror stories about people that had discover "miss" their payments they mailed in (Google it).

To sign up go to:
http://www.discovercard.com/directpayplan

Its not listed on their main site (why I dont know, I guess they dont like their customers remembering to paying on time).

How does this compare to Prosper? I had a $2,500 loan I got for 11.9% with a w/ $50 initial fee. It was painless and let me pay it off early with no extra fees....

I got one of these about 6 months ago, great while your in your intro APR, but you can do better once your past your 6 months. For reference I am 20, in college and have a credit score of 696, they gave me a 2000 limit and 16.9% APR after the 6 months is over. Needless to say the rewards are nice, but I went back to using my credit union's card with a sweet 10.9% APR after the intro period is over. I pay my cards off every month.