Verdict: The Discover® Open Road® Card is a great gas credit card. You get 5% cash back on gas purchases. I also recommend this card to those seeking a 0% APR interest rate for six months on balance transfers.

Rewards
With a card that allows you to earn up to 5% cash back with auto maintenance and fuel purchases and 2% cash back for the first $1,000.00 worth of groceries that are purchased with the card, the cash back is a great benefit. The added bonus of the cash back at the supermarket expires at the end of 2008. The 5% cash back bonus is limited to $100.00/month or $1,200.00/year.

There are strict limits on the cash back systems, for the introductory rates of five and two percent – but the one percent cash back option means an unlimited amount of rewards can be earned with the one percent cash-back. You could literally earn thousands of dollars in rewards, depending how much the card is used.
 
Cash back amounts are automatically credited to the bank account, alleviating the stress that comes with many rewards cards. Once cash back rewards have reached the minimum level of twenty dollars, the transfer can begin! Alternatively, these funds can be debited to the credit card account.

Instead of choosing cash back, redeem for gift cards from your favorite retailers and double the rewards that are being earned. This allows the cardholder to create a rewards credit card that works for them – creating the ability to choose between cash back, or great deals on retail gift cards.

As An Added Bonus

As an added bonus, card holders are given the option of 0% APR for the first six months, excluded to those customers with excellent credit. At the end of the six months, the interest rate increases to 11.99% variable APR.
The five percent bonus offer on gas can earn money each time that the card holder fills up their vehicle. Finally, something to take away the sting that comes with filling up the vehicle. Not only does this cover fill-ups, but any repairs required on the vehicle too.

Fees and APR

As an introductory offer, cardholders are offered 0% APR Variable interest rates for the first six months. After this period, the rate increases to between 11.99% and 19.99% APR based on the credit rating of the card-holder. As per standard credit card requirements, the higher the credit rating the lower the rate that the card holder is offered.

Cash advance rate is 23.99% variable and are excluded from the twenty-five day grace period offered for standard purchases.

There is a one-time balance transfer fee of 3% of the balance being transferred which will apply to the balance of the card-holder. The minimum charge for this balance is $5.00 and there is no maximum fee which will be applied to the card.

Late payment fees are $19.00 for balances under $250.00 and $39.00 over a balance of $250.00. Overlimit fees are standard, like many other credit cards and include a $15.00 fee for balances that are under $500.00 and $39.00 over balances of $500.00. It is important to remember that if the account is over the limit, or a payment has been late or missed two times than the interest rate may be increased.

The Decision

With the moderate interest rates, and the twenty five day grace period, this standard credit card is good for those wanting to complete a balance transfer. The fee for the balance transfer is 3%, although there are cards available that have a 0% balance transfer fee – the cash back rewards offered can offset this fee. If you are looking for a standard cash back credit card, than this may be the one for you. Make sure you have a good credit rating before applying, as it will ensure that you are given a great interest rate!

Apply for the Discover® Open Road® Card.

(3 votes, average: 4.00 out of 5)

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