Discover Open Road Credit Card
Learn More About the Discover Open Road Credit Card Today.
| Interest Rates and Interest Charges | |
| Annual Percentage Rate (APR) For Purchases | 0% intro APR for 12 months from the date of account opening.After the intro APR expires, your APR will be 11.99% to 20.99%, based on your creditworthiness. This APR will vary with the market based on the Prime Rate. |
APR for Balance Transfers |
0% introductory APR for 12 months from date of first transfer, for transfers under this offer that post to your account by January 10, 2012.After the introductory APR expires, your APR will be 11.99% to 20.99% based on your creditworthiness. This APR will vary with the market based on the Prime Rate. |
| APR for Cash Advances |
23.99%This APR will vary with the market based on the Prime Rate. |
| Penalty APRs and When It Applies |
Between up to 16.99% and up to 25.99% based on your creditworthiness and other factors.This APR will vary with the market based on the Prime Rate.This APR may be applied to new purchases and balance transfers if you make a late payment.
How Long Will the Penalty APR Apply?: If your APRs for new purchases and balance transfers are increased for a late payment, the Penalty APR will apply indefinitely. |
| How to Avoid Paying Interest on Purchases | Your due date is at least 25 days after the close of each billing period(at least 23 days for billing periods that begin in February). We will not charge you any interest on purchases if you pay your entire balance by the due date each month. |
| Minimum Interest Charge | If you are charged interest, the charge will be no less than $0.50. |
| For Credit Card Tips from the Federal Reserve Board | To learn more about factors to consider when applying for or using a credit card, visit the website of the Federal Reserve Board at http://www.federalreserve.gov/creditcard |
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HOW WE WILL CALCULATE YOUR BALANCE: We use a method called “daily balance (including new purchases).”
LOSS OF INTRODUCTORY APR: We may end the availability of any intro APR on new purchases and balance transfers and apply the Penalty APR to those transactions if you make a late payment.
HOW WE CALCULATE VARIABLE RATES BASED ON THE PRIME RATE: We use the highest Prime Rate listed in The Wall Street Journal on the last business day of the month. For the purchase and balance transfer APR, we add from 8.74% to 17.74% to the Prime Rate based on your creditworthiness. For the cash advance APR, we add 20.74% to the Prime Rate. For the penalty APR, we add from up to 13.74% to up to 22.74% to the Prime Rate. Each time you do not make the minimum payment due by the payment due date, we may add up to an additional 5 percentage points to the otherwise applicable APR. The amount we add is based on your creditworthiness and other factors such as your current APRs and your account history. See Cardmember Agreement for details.
INTRODUCTORY APR OFFERS: This offer applies to balance transfers that post to your account by January 10, 2012. If you request balance transfers after this date, they will only be honored at our discretion and may be subject to different rates. It takes at least 10 days after your account is opened to process payments to your other accounts. You may cancel a balance transfer at any time prior to that by calling (800) 347-2683. Accordingly, you should continue to make all required payments until you confirm that the balance transfers were made. Balance transfers may not be used to pay any Discover accounts. Balance transfers do not earn rewards. We process multiple balance transfers in the order they are requested on the application. Your credit line may be less than the amount of balance transfers you request. In addition, balance transfers may be limited to a portion of your credit line. If a balance transfer will exceed the credit available for a balance transfer, you authorize us to process any balance transfer for less than the amount requested, up to the amount of your credit available for balance transfers. You may only make balance transfers to accounts that list you as an accountholder. There is no grace period on balance transfers. The minimum payment due calculation increases by $40 when you have a balance transfer balance.
PAYMENT ALLOCATION: We apply payments and credits at our discretion, including in a manner most favorable or convenient for us. Each billing period, we will generally apply amounts you pay that exceed the minimum payment due to balances with higher APRs before balances with lower APRs as of the date we credit your payment.
APPLICATION INFORMATION: Federal law requires that we obtain certain information about you such as your date of birth and street address in order to verify your identity. This offer is non-transferable. Changes to any addressee name will void this offer. Offer only available to U.S. residents 18 and older. Your credit line will be at least $500 and along with other terms of the account, will be based on a review of the information you provide in this application, your current consumer report and any other information bearing on your creditworthiness. You authorize us to receive and exchange information about you, including from your employer, your bank, credit bureaus and others for purposes of verifying your identity and the information on this application and determining your eligibility for credit, renewal of credit, and future extensions of credit. By providing your phone numbers on the application, you agree that Discover, its affiliates and agents, may call you at these numbers for service related reasons. If this is a cell phone number you agree that we may contact you using a dialer for service-related reasons, including pre-recorded messages and/or text messages, even if your cell phone provider may charge you for calls according to your current plan. Upon your request, we will inform you of the name and address of each consumer reporting agency from which we obtained a consumer report relating to you. Offer only available to U.S. residents 18 and older. To apply with a joint applicant, write to us at PO Box 30943, Salt Lake City, UT 84130-0943. Every applicant, regardless of marital status, can apply for a separate account. THIS OFFER SUPERSEDES ALL PRIOR OFFERS. Terms of this offer, including fees and calculations of variable rates, are accurate as of September 30, 2011, and may change after that date. To find out what may have changed after that date, write to us at PO Box 15410, Wilmington, DE 19886-0820. To apply with a joint applicant, write to us at PO Box 30943, Salt Lake City, UT 84130-0943. Please allow 30 days for us to process your application.
CARDMEMBER AGREEMENT: You will receive a Cardmember Agreement with the Card. You agree that the Cardmember Agreement and the account are governed by Delaware and federal law. The terms of your account, including rates and fees, are subject to change, to the extent permitted by law. ARBITRATION: The Cardmember Agreement provides that we may choose to resolve a claim relating to your account by binding arbitration, in which case, you will not have the right to have that claim resolved by a judge or jury and you will not have the right to participate in a class action in court or arbitration. You may reject the arbitration provision with respect to your new account within 30 days after receiving your card. For restrictions and details, write to us at Discover, PO box 30938, Salt Lake City, UT, 84130-0938. Ohio Residents: Ohio laws against discrimination require that all creditors make credit equally available to all creditworthy customers, and that credit reporting agencies maintain separate credit histories on each individual upon request. The Ohio Civil Rights Commission administers compliance with this law. New York Residents: Call the New York State Banking Department at (877) 226-5697 for a comparative list of credit card rates, fees and grace periods. Wisconsin Residents: No agreement, court order or individual statement applying to marital property will adversely affect a creditor’s interests unless prior to the time credit is granted the creditor is furnished with a copy of the agreement, court order or statement, or has actual knowledge of the adverse provision. Married Wisconsin residents must furnish their spouse’s name and address to us at PO Box 15410, Wilmington, DE 19886-0820.
REWARDS: Earn unlimited cash rewards on all purchases. Earn a full 2% Cashback Bonus on your first $250 in combined gas and restaurant purchases each billing period. In addition, earn a full 1% unlimited Cashback Bonus on all other purchases after your total annual purchases exceed $3,000; other purchases that are part of your first $3,000 earn .25%. Combined gas and restaurant purchases in excess of $250 each billing period earn Cashback Bonus at the same rate as other purchases. Gas and restaurant purchases are those made at merchants classified as gas stations and at merchants classified as full-service restaurants, cafes, cafeterias and fast food locations. Purchases coded for a category other than those listed above will not qualify. Warehouse purchases (those made at select warehouse clubs, wholesale distributors, discount stores and their affiliates) earn .25%. We do not include warehouse purchases or your first $250 in combined gas and restaurants purchases each month in calculating your total annual purchases to determine your tier level. Rewards are redeemable starting at $20. Rewards have no expiration date; however, if your account is closed for any reason or inactive for 18 consecutive months or if you fail to make any Minimum Payment Due for two consecutive billing periods, any Cashback Bonus in your Cashback Bonus account will be forfeited. Full terms and conditions will be sent with your card.
TERMS OF $150 RESTAURANT.COM GIFT CERTIFICATE OFFER: Get a $150 Restaurant.com Gift Certificate when you are approved for an account and make your first purchase within 6 months of approval. Certificate code will be mailed within 8 weeks of meeting purchase requirement. Certificate is redeemable online for over 18,000 restaurants nationwide. Valid for parties of 2 or more unless otherwise stated. Offer valid only at participating restaurants. Minimum purchase at restaurant required. Other restrictions may apply. Visit http://www.Restaurant.com for complete terms and conditions and participating restaurants.
INSURANCE: Excess Collision Damage Waiver Insurance and Scheduled Air Travel Accident Insurance are underwritten by Federal Insurance Company, a member insurer of the Chubb Group of Insurance Companies of Warren, NJ. Certain restrictions and limitations apply. Refer to the Descriptions of Coverage for more complete information.
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