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April 11, 2006
Editors Review Of The Discover Gas Reward Card
With today's high fuel prices, it pays to have a Discover Gas card. This card can be used to purchase gas at any gas station and offers up to a 10% cashback bonus on all your gas purchases and up to 1% on all other purchases. You also have the option to double your cashback bonus with many Discover Gas Partners such as Blockbuster, The Sharper Image and Sunglass Hut. You will also get an unbeatable 0% introductory rate on purchases and balance transfers for 6 months. At this rate, you will save hundreds of dollars and will have the opportunity to pay off any existing high interest loans.
Discover Gas cardholders can enjoy a 25-day grace period to make a payment and there is no annual fee charged. You must realize that if a payment is missed or late, you will lose all introductory specials or benefits and the interest rate will immediately go to the APR in effect at that time. This card has a minimum credit line of $5000 and additional cards are free. Other benefits include travel insurance, auto rental insurance plus fraud and security protection.
This card is great for those who wish to save on gas prices or receive valuable gift certificates or gift cards. I think you should always remember however, that after the introductory interest rate time is up, the interest rate is switched to the standard rate of between 7.99% and 16.99%. You'll want to make sure you pay off your monthly balance every month so that you aren't left with high payments. Other than that, this is a good choice because you can fill your tank and save at the same time.
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