Discover Gas Card

By: EconomyWatch   Date: 9 October 2009

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The Discover Gas Card is a highly recommended card for people who drive to work or are dependant on automobile usage. The card not only offers 5% cash back on gasoline purchases but also gives cash back on automobile maintenance. The cash back can be collected as checks or can be used at different merchants and outlets for shopping.

Discover Gas Card: 5% Rebates (Cash back)

The 5% rebate is available for purchases up to $1,200 annually, which means a maximum of $100 per month. Once the card holder exceeds $100 in purchases monthly, the rebate decrease to the rebates offered on ‘other purchases.’

The tier rebate formula is as follows:

·        The card holder gets 0.25% rebate on the first annual spending of $1,500

·        The card holder gets 0.5% rebate on the next annual spending of $1,500

·        For amount bigger than $3,000, the card holder gets 1% rebate

The best part about cash back is that it never expires and can be accumulated.

The card can be used at any gas station and the cash rebates can be exchanged for gift certificates from any partner merchant. In fact, the value of rebate gets doubled when it are used for purchasing gift cards at a few select partner merchants.

Discover Gas Card: Fees and Rates

Like most retailer cards, the Discover gas card does not charge any annual fee and the APR ranges from 11.99% to 18.99%. The card uses the average daily balance method that includes the new purchases for calculating the monthly balance. For starters, Discover does not charge any APR on balance transfers and purchases for the first six months.

Discover Gas Card: Benefits

The Discover gas card offers many other benefits as well, such as:

·        5% to 20% rebate bonus on purchases through the exclusive online shopping site

·        Arrangements to increase the value of cash back bonus at the time of redeeming for gift cards from more than 100 partner brands.

·        Online account access

·        Online bill payment

In a nutshell, the Discover gas card is a good option for people who have a monthly investment of $100 or less on gas and automobile maintenance.

You can find out more about Discover Gas Card at the http://www.discovercard.com/ website. Discover Gas Card has been replaced by Discover Open Road Card and is operated by Discover and Discover Financial Services through Discover Bank subsidiary.


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