What's the difference between Discover Platinum and Discover Private Issue? Are the terms different? Are the benefits different?
I think that Private Issue is almost the same terms of Discover Platinium and they have different cash back bonus rewards: Private Issue:- Cashback Bonus® Award My Discover Private Issue Card has the Cashback Bonus® Award financial option. How is my Cashback Bonus Award calculated? The earned amount of a Cashback Bonus Award is calculated by multiplying each purchase by: * .25% (.0025), if the purchase is part of the first $1,000 in purchases during the anniversary year, * .50% (.0050), if the purchase is part of the second $1,000 in purchases during the anniversary year, * .75% (.0075), if the purchase is part of the third through fourth $1,000 in purchases during the anniversary year, * 1.0% (.01), if the purchase is part of the purchases in excess of $4,000 during the anniversary year. Discover Platinium Card: Cah Back Bonus Rewards:  With a select list of our hottest business partners, you can now double the value of your Award. See how much more you could get when you double the amount of your annual Award with our Platinum PartnersSM. Plus, now you can redeem your Award online! Find out more about redeeming your Award online.  Cashback Bonus Award Program for Discover® Classic and Platinum Cards Except as provided below, your annual Cashback Bonus Award is calculated by multiplying each purchase by: � .25% (.0025), if the purchase is part of the first $1,000 in purchases during the anniversary year � .50% (.0050), if the purchase is part of the second $1,000 in purchases during the anniversary year � .75% (.0075), if the purchase is part of the third $1,000 in purchases during the anniversary year � 1.0% (.01), if the purchase is part of the purchases in excess of $3,000 during the anniversary year All purchases made at Costco Wholesale Warehouses, BJ's Wholesale Club and Sam's Club will earn a fixed rate of .25% (.0025). However, purchases made at these warehouse club gas stations and Web sites will not be subject to this fixed rate and will continue to earn a Cashback Bonus Award of up to 1% based on your annual level of purchases. The APR for Discover Platinium is 14.99% fixed APR The APR for Discover Private Issue is 11.99% APR.
