Discover(R) Open Road Card

Expert's Rating:

Here is a card where you can earn double cashback rewards on your first $250 in combined gas and restaurant purchases each month. The card member earns 1% unlimited bonus on all purchases after the total annual purchases exceeds $3,000; other purchases that are part of your first $3,000 earn 0.25%. This card includes 20% bonus rewards through online shopping at Discover.com. Rewards increase for every redemption for gift cards or instant eCertificates from over 200 brand-name partners. There an introductory 0% APR on balance transfers and purchases and no annual fee. Downside: Although the APR can be below average for a rewards card if you have excellent credit, the APR can be on the high end if you do not.

Credit Card Rate Information:

Purchase

Balance Transfer

Cash Advance

Index:

Prime

Margin:

7.74 - 16.74

20.74

APR:

10.99% - 19.99%

10.99% - 19.99% Variable

23.99% Variable

APR Floor:

None

Intro Rate:

0%

None

Intro Period:

15 months

N/A

Finance Calculation Method:

Daily Balance

Purchase Grace Period:

25 days

Default/Penalty APR:

15.99% - 24.99% Variable

Default/Penalty Margin:

12.74 - 21.74

Default/Penalty APR Floor:

None

Maximum Default APR:

24.99%

Penalty/Default Trigger:

Each time you fail to make a payment when due, Discover may, in accordance with applicable law, (i) terminate the availability of any introductory/promotional APRs on new transactions, and (ii) increase your APRs for new transactions to variable Default Rates which will be determined by adding up to an additional 5 percentage points to the otherwise applicable APR. Your Default Rate is determined based on your creditworthiness and other factors such as your current APRs, and your account history

Credit Card Fee Information:

Annual Fee:

$0

Foreign Transaction Fee:

None

Late Fee:

Over-the-limit Fee:

N/A

Balance Transfer Fee:

Cash Advance Fee:

Either $10 or 5% of the amount of each cash advance, whichever is greater

Notes:

Rebate Description:

Earn a full 2% Cashback Bonus on your first $250 in combined gas and restaurant purchases each billing period. In addition, earn a full 1% unlimited Cashback Bonus on all other purchases after your total annual purchases exceed $3,000; other purchases that are part of your first $3,000 earn .25%.

Special Notes:

0% intro APR on purchases and balance transfers for 15 months, then the variable standard purchase APR of 10.99% - 19.99%.* Earn 2% cashback automatically at gas stations and restaurants. Great rewards with no annual fee, no rewards redemption fee, and no additional card fee.

Card Issued By:

Discover

General Correspondence Address:

PO Box 30943, Salt Lake City, UT, 84130

Card Type:

Discover

Card Class:

Platinum

Card Category:

Balance Transfer, Cash Back, Gas, Low Interest, Low Intro Rate, Low Ongoing Rate, Reward

States Available In:

ALL