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The Discover Gas Cad is perfect for people who want to use their credit cad to help them take a bite out of the price at the pump. Even with gas prices slowly going back to normal levels, we all spend quite a lot at the pump every month. With this card, you can alleviate some of the financial pain that using and maintaining a vehicle entails. This card makes itself easy to use as it offers 0% APR in the first year after you activate your account. After the introductory period expires, the APR goes to a 10.99% variable rate up to a 17.99% rate. This variable rate is contingent upon a few factors, including your credit history and your payment history. There is never any annual fee that you must pay in order to use your card. The Discover Gas Card offers some enticing deals as far as rewards go. For your first $1200 put on the card towards gas or auto maintenance purchases you will receive 5% cash back. Once your total annual purchases have reached $3,000, you will also qualify to earn 1% cash back on every purchase that you make. Up until that dollar amount is spent, you will receive half of a percent for the second half of the $1500 and a quarter percent for the first half. This is a much more complicated formula than other rewards cards, so make sure you understand exactly what they are saying. For gas and auto maintenance you will receive five cents for every dollar spent up to $1200. Including those automotive expenses, you will earn one quarter of a penny for every dollar you spend on other purchases. Once you reach $1500, your earnings will go up to half a penny for every dollar spent. Once you go over the $1200 for your car needs, you will only receive the percentage that applies to other purchases (.50% until you reach $3000 each year). People wishing to consolidate their credit balances onto this card must specify that they plan to do so on the application process. By doing so, users of the Discover Gas Card will have the APR waived for the first year. There is a lot of fine print that comes with a balance transfer, so make sure that you are familiar with all of the details before signing off on a transfer. As far as other fees, such as foreign currency conversion and default fees, the Discover Gas Card offers rates that are similar to other cards. They do offer a grace period of 25 days, which is five days longer than most cards offer. In addition, users of the card are covered by the $0 fraud policy in the case that you are charged for an unauthorized purchase. The card also offers easy management options in the form of 24 hours Internet access and a toll-free help line. |
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