Discover Open Road Card

The success of the Discover Open Road Card can be attributed to the main theme of the credit card department indulging in a thorough understanding of the spending habits and the nuances of the consumers in a given society as per their spending power and at the same time, taking a small amount of risk at large.

The credit card department at the Discover Open Road Card has done a good job when it comes to introducing an easy and a viable option for consumers.

Rewards and Perks of Open Road from Discover

The most important feature of the Discover Open Road Card is the way it has been designed for a regular usage. This card is easy to get, too.

The key points to be considered are Annual Percentage Rate ("APR") for Purchases is 0% until the last day of the billing period ending during September 2008; then the standard APR, an estimated rate between 10.99% and 18.99%, further more the other APRs Balance Transfers is 0% until the last day of the billing period ending during September 2008.

The Default Rate is Up to 28.99%, while the Cash Advances make up for 20.99% or 22.99%. The Grace Period for Repayment of the Balance of Purchases is at least 25 days when you pay your balance in full each month. The Method of Computing the Balance for Purchases Two-cycle Average Daily Balance (including new purchases). The cash advance transaction fee is 3% for each cash advance, with a minimum of $5 and no maximum. The late fee for this card is placed at a decent $15 on balances up to $500, and $39 on balances over $500. For billing periods ending after 10/1/2007, $19 on balances up to $250 and $39 on balances over $250. The over limit fee is placed at $15 on balances up to $500, and $39 on balances over $500, while the balance transfer fee is at 3% for each balance transfer made under this offer, with a minimum of $10 and a maximum of $75. This accounts for an easy OD facility over your card.

If you are late making a payment, the credit card department of Discover may increase your APRs to the Default Rate. Your Default Rates are determined based on factors such as your current purchase APR, your payment history with the department and your general credit history. The credit card department applies payments and credits to balances with low introductory/special APRs (such as special balance transfer and purchase APRs) prior to balances with standard APRs. Therefore, your savings will be reduced by making additional transactions or having balances that are subject to standard APRs. In addition, the length of time the introductory/special APRs will apply to your account may be reduced by the amount of your payments. Earn unlimited cash rewards on all purchases.

You can also earn a full 5% Cashback Bonus on your first $1,200 in annual gas and auto maintenance purchases (G&A Purchases). In addition, earn a full 1% on all other purchases after your total annual purchases (including gas and auto maintenance) exceed $3,000; other purchases that are part of your first $1,500 earn .25% and other purchases that are part of your second $1,500 earn .50%. Combined G&A Purchases in excess of $1,200 earn Cash back Bonus at the same rate as other purchases. Gas and auto maintenance purchases are those made at merchants they classify as gas stations and at stores that primarily sell automotive parts and services, such as auto dealerships, auto repair shops, tire stores and car washes. Purchases made at select warehouse clubs, discount stores and their affiliates earn .25%. Rewards are redeemable in $20 increments. All in all, you can expect a smash hit of a card with OpenRoad.

Discover® Gas Card

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Discover® Platinum Card

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