Discover has made some amazing strides in the balance transfer world over the last few months and even cards that are defined as cash back credit cards are now offering great balance transfer opportunities. Consider the Discover® Open Road Card – $150 Restaurant.com Gift Certificate a new member of that club, as it offers a nice bonus for signing up, excellent 0% balance transfer offer and a cash back rewards program like no other.
The card name gives away a little of the secret but the Discover Open Road Card – $150 Restaurant.com Gift Certificate offers new cardholders a $150 gift certificate to Restaurant.com after making just one purchase. Anyone familiar with the savings Restaurant.com can provide knows that a $150 gift certificate will go quite a long way. In addition to the bonus, all cardholders will receive a 12 month 0% intro APR on purchases and an 12 month 0% intro APR on balance transfers, which includes a 3% balance transfer fee. Taking advantage of this balance transfer can save you thousands on future interest payments, but the amount each cardholder can save depends on a variety of factors.
Initially, the Discover® Open Road Card – $150 Restaurant.com Gift Certificate was classified as a straight up, gas rewards credit card. It offer rewards specifically on gas purchases and that’s all there was to it. Now, the card offers cash back in the following amounts
- 2% cash back on gas and grocery purchases (up to $250 spent each billing cycle)
- 1% cash back on all other purchases (after $3,000 is spent annually)
- 0.25% cash back on all other purchases (before $3,000 is spent annually)
The Discover Open Road Card – $150 Restaurant.com Gift Certificate reverts to an 10.99% – 20.99% variable APR after the intro period has expired and this card does not carry an annual fee. There are fees for things like late payments and exceeding your credit limit, so make sure you always pay your balance in full and on time each month, to maximize your savings.
From top to bottom, you might not find a better credit card in the market today. The only slight drawback is there is a cap to the 2% cash back you can earn on gas and groceries, but for most consumers, that’s not an issue. The Discover® Open Road Card – $150 Restaurant.com Gift Certificate is a limited time offer, so to sign-up today, visit their secure application page using any link contained within this post.
Published or updated December 21, 2011.
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