Author: Tim ChenVerdict - This card is a good gas card, but you may be able to do better. Take a look at our list of the best gas credit cards - the Open Road is only middle-of-the-pack.
The Discover Open Road earns 2% on the first $250 in spending at gas and restaurants each month, and up to 1% everywhere else. However, both of these reward buckets contain nasty caveats:
Get a better gas card
- The 2% on gas and restaurants is limited to a combined $250 per month. Which doesn't count toward the $3,000 required to reach a full 1% rewards rate.
- You only earn 0.25% for the first $3,000 in other purchases each year, and 1% thereafter. This 0.25% reward rate instead of 1.00% (buried in the fine print) ends up costing you $22.50 each year, assuming you end up >$3,000 per month.
If your credit is pretty good, you may be able to qualify for an all around better card like the American Express Blue Cash
. If you have superman credit, you can get 5% back at all gas stations, and 1% everywhere else with the Pentagon Federal Platinum Cashback card
. You may also want to consider going with the Costco card
, though it is an American Express, with 3% at gas stations, 2% on travel and restaurants, and 1% elsewhere.
Or get a better dining card
There are dining cards that earn 2% or more, without the hassle of monthly caps, and the idiotic 0.25% rewards for the first $3,000.
The Citi Forward
is a great choice, with 5 points per $1 spent at restaurants, bookstores, etc, no annual fee, but you are limited to earning 75,000 points per year. You can redeem 10,000 points for a $100 gift card in quite a few places.
The Sony card
also earns 3 per $1 spent on Dining and Movie purchases, which you can redeem for Sony products at a rate of 1 point per 1 cent.