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Discover Open Road Card Review |
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| 5% rebate on gas and auto maintenance purchases; 0% intro APR for purchase & transfer; best overall gas rebate card | |
Full Review: |
The Discover Open Road Card rewards you generously for all your gas and auto maintenance purchases. You will earn 5% cash back on your first $100 in combined gas and auto maintenance purchases each month. Initially, you will also earn .25% cash back on all other purchases. Once you have spent $1,500 with your card annually, you will begin earning .5% cash back on all other purchases, and once you spend $3,000 you will earn 1% cash back on all other purchases, including any gas and auto maintenance purchases that exceed the $100 monthly limit. These cash back tiers are based on your annual spending whereas the $100 gas and auto maintenance limit is based on monthly spending. There is no limit to the total amount of cash back you can earn. Rewards are redeemable in $20 increments.
The purchase APR is 0% for the first 6 months, and the balance transfer APR is 0% for the first 12 months. After the introductory periods end, both interest rates will be between 10.99% and 18.99%, depending on your credit. There is a transfer fee of 3%. While the Discover Card is not as widely accepted as many of its competitors, the vast majority of gas stations do accept Discover so it is a good choice for a gas cash back card. For those that don't usually spend more than $100 on gas per month and typically dont' charge more than $2,000 overall on their credit card per month, this is by far the best gas card since you start earning your 5% on your first dollar of gas purchased. However, since the 5% rate is capped at $100 per month, if your gas and auto maintenance bill is consistently much higer than that, you may want to look at another option. Keep in mind, though, that you still get standard purchase cash back for anything more than $100 spent on gas and auto maintenance each month. |
Service Details:
| APR: | 10.99%-18.99% (0% for first 6 months) |
| Features: | 5% on first $100 in gas or auto maintenance monthly; 1% on all purchases after $3k annually; |
| Annual Fee: | None |
| Credit Needed: | Excellent |
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