Key Points:
- • 0% Intro APR^
- • Save at the pump and everywhere else.*
- • 5% Cashback Bonus® on gas and auto maintenance purchases
- • 5% to 20% Cashback Bonus at top online retailers
- • Up to 1% Cashback Bonus on all other purchases**
- • Unlimited cash rewards
- • Increase, even double, the value of your rewards when you redeem for gift cards from our
80 Cashback Bonus Partners
Fine Print you should know:
- ^0% APR for 12 months depending on credit.
- *Earn a full 5% Cashback Bonus on your first $100 in combined gas and auto maintenance purchases each billing period, up to $1,200 annually.
- Combined gas and auto maintenance purchases in excess of $100 each billing period earn Cashback Bonus at the same rate as other purchases
- **Full 1% on all other purchases after your total annual purchases exceed $3,000; other purchases that are part of your first $1,500 earn .50%.
MoneyAnswerTree Review:
This is a great gas card. You earn 5% on the first 1200 in a year then 1% after that. This is still better than earning 3% on gas for the first 600 dollars a month with Chase Freedom. If you have an SUV or truck, you might want to go with the Shell Gas card. It offers 5% back on gas with no limits. With gas prices so high, and climbing, it is a good idea to get a single card for all your gas purchases. I also use this card for buying oil, and other related maintenance items for my car. I have also used this card as a form of financing, taking advantage of the 12 months no interest. As long as I pay off the balance before 12 months there are no fees.
Update: Jan. 25, 2008
Discover changed their terms for this card. Before it was earn a full 5% on the first $1200 in combined gas and auto maintenance per year and 1% back for every other dollar. They have lowered their cash back rewards! It is now .50% for every dollar spend $2999 and under, then 1% for purchases $3000 and over annually. This does not seem like that great of a card anymore. Additionally, the 5% back on gas is limited to the first $100 per month. I personally spend close to $200 dollars a month on gas. If you use this card for gas only it is still probably worth it. If you are like me and go to the same gas station all the time, check to see if your gas station has a rewards credit card. It will probably be better rewards. I use the Shell Platinum MasterCard from Citi®.
Technical Review:
The rewards program for Discover is very fast! You are able to redeem your cash back in increments of $20. You don’t need to wait until $50 like some other cash back cards. Also through the Discover site, there are options to make your rewards worth more by buying gift certificates to their affiliated retailers. The discover site is very secure, and one of the better laid out interfaces I have used. Everything is well layout and easy to find.
4 Responses to “Discover Open Road – Update: New Terms*”
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