Discover Open Road(SM) Card
If you have very good credit and want to earn cash rewards on gas and auto maintenance expanses, then Discover® Open Road(SM) Card is a credit card for travelers you should consider using.
- Our rating: A
- Interest rate: 0% for 12 months for purchases; 11.99% to 20.99% thereafter; 0% on balance transfers for 12 months
- Earning rewards: 5% to 20% Cashback Bonus® at top online retailers, 1% cash back on all other purchases; Double Cashback Bonus® on grocery store purchases in November and December;
- Reward options: gift certificates
- Click here for more Details and to Apply
As part of the rewards program, the cardholder earns a full 5% rebate for up to $1,200 in gas and auto maintenance purchases. After that value the percentages are between 0.25% and 1%. At selected warehouse clubs and discount stores the card holder gets 0.25% rebate. Double cash back bonus is earned at top online retailers and during November and December double cash back bonus is also earned on grocery store purchases. For the general purchases the cash back reward is between 0.25% and 1%.
There is no limit on the amount of rebates which can be earned and the rebates don’t expire as long as the card is active within a 36 months period. Rewards can be redeemed for gift certificates.
Being a platinum card, it means that Discover® Open Road(SM) Card also comes with auto rental insurance, travel accident insurance and other security and fraud protection.
The APR is 0% for 12 months on purchases and between 11.99% and 20.99% after that. The card also comes with 0% APR on balance transfers for 12 months. The grace period is 25 days. The finance charges are based on “Two Cycles Average Daily Balance” method which is a bit more costly than the “Average Daily Balance” method in case you occasionally carry a balance on your card. If you use the card abroad there are no fees related to currency exchange.
So if you plan to spend up to $1,200 a year in gas and auto maintenance purchases, plan to use the cash back rewards program and afford to pay the balance in full each month, then Discover® Open Road(SM) Card is the perfect choice for you.