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Discover Gas Credit Card

With gas prices going up and up lately, having a credit card that can earn you 5% cash back on all your gas purchases can make a huge difference.

How the Gas Card Works

The Discover Gas Card allows you to earn a full 5% cash back on your first $1,200 of gas purchases each year.

Non gas purchases will also earn cash back, but at a lower rate. You can earn from 0.25% to 1% on all purchases depending on how much you spend on your card each year. The more you spend on your card, the more cash back you can earn. However, using your card at some discount and warehouse stores will always earn at the 0.25% rate, regardless of your annual spend.

If, like many people, you spend more than $1,200 in gas each year, you will continue to earn cash back at the standard rate of up to 1%.

The amount you can earn each year is unlimited and the rewards never expire.

Interest Rates

Not only does this card offer cash back, it also features special introductory interest rates. Discover is currently offering a 0%APR on both purchases and balance transfers for the first 12 months of card membership. This can be a real advantage if you are looking to transfer a balance to the card, or if you want to make a big purchase and spread the cost without incurring interest charges.

You standard interest rate will depend on a number of factors such as your credit history. However, it is estimated to be between 10.99% and 17.99%. Rates on balance transfers and cash advances will usually be higher.

There is no annual fee for this card.



Summary Table

Standard Interest Rate	10.99% to 17.99% APR Variable
Balance Transfers	10.99% to 17.99% APR Variable
Cash Advance Interest Rate	20.99% or 22.99% APR Variable
Rewards	5% Cash Back on Gas Up to 1% Cash Back Elsewhere
Annual Fee	None
Online Account Access	Yes
Interest Free Period	At Least 25 days
Late Payment Fee	$15 to $39 depending on balance

Credit Masters Review

This could be a great card for those that want to make those most of necessary expenses such as gas - you have to spend the money so you may as well get as much cash back in return as possible. With gas prices rising higher and higher you can take advantage of the Gas Card even more. For example, with gas prices at $3 a gallon, you could be earning 15 back per gallon - a big savings.

The introductory interest rates are also a major advantage of this card. With a 0% APR for both purchases and balance transfers, you could potentially save a lot of money in interest payments.

All in all, this is a great option for a cash back type of credit card with the added bonus of earning extra money back on all those gas purchases.

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