DiscoverCard recently sent me an updated card and it comes with a 0% promo APR until November 1, 2013. This offer applies on all new purchases made between now and October 31, 2013. After the promo period ends, the standard APR will apply, which is currently 16.99%.
I plan to take advantage of this offer by charging all my purchases on this DiscoverCard and pay only the minimum amount every month until the end the 0% promo APR ends. This will allow me to increase my cashflow and pay off any debt that I have, such as my mortgage loan.
In addition to the 0% promo APR, DiscoverCard has a 5% Cashback Bonus on up to $1,500 in purchases at Department Stores and for Online Shopping from October through December 2012. This will be icing on the cake as many of my purchases qualify for this offer.