Nov 28, 2009

Posted by admin in Credit, Debt Management, Finance | 0 Comments

Auto Rewards Credit Cards

Auto Rewards Credit Cards

Today, banks can offer more rewards per dollar spent because the auto makers are trading this expense for advertising. They are partnering with auto manufactures in this area and the most popular Auto Rewards credit card offer is the Discover Open Road Card.
This card offers a pay-on-time bonus equal to a whole month of interest for every 6 payments you make in a row that are on time. You will see no annual or set up fee and they offer an introductory rate of 3.99%. Discover’s Open Road credit card helps students, who take classes out of town, to earn cash rewards on auto repairs as well as buying fuel.
This is a benefit also for holidays and college breaks where they are driving back and forth. They will get a 5% rebate on all of their gas purchases. On all purchases you make with the card Discover Open Road provides the typical 1% cash back. Once you have accumulated $20 in rewards you can just cash it in. The rewards will not expire so this amount can add up and save you money along the way. This cash back reward is kind of like a savings account and who doesn’t like that idea.

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