Monday, December 17, 2012

My Credit Card Choice


                My credit card of choice was the Discover Open Road card. Because I travel and I am on the road so often, I was in need of a credit card that was really suitable to my needs. I did a lot of research on many different other types of credit cards, and the Discover Open Road explained everything in vivid detail, which made my choice easy. Many of the other cards that I researched presented very little information out unless one was to sign a contract for the card. This might mean that those credit cards may be trying to hide something. When I did compare other credit cards, I found that the Discover Open Road Card had the best rates, which is what ultimately helped me make my decision.

                When I travel, I usually stop off at a lot of gas stations and restaurants. Discover Open Road card gives 2% cashback when I spend money at said places. In addition, every check I spend automatically gets a cashback bonus. No other credit card offers the same benefits that the Discover Open Road card does.

                The best part about the Discover Open Road card was the APR rates. There is a 0% rate for the first 14 months, and then after that, it’s only around 11%-20% annual fee for the particular card. I found this to be very reasonable in comparison to other credit cards that I researched. Also, there is only a 3% balance transfer fee. This is significantly lower than any card, and ultimately helped me realize that the Discover Open Road card was the choice for me.

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