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One of the most important issues in deciding between Discover’s Open Road and Escape credit cards surrounds the fees. Both options have positive and negative points that could impact your lifestyle, but the fees may be the determining factor for some folks.
If you give yourself a little time to understand the way credit card APR is calculated, you can make a wise selection. In fact, the Consumer Finance Protection Bureau recommends this step for everyone considering a new credit card. You can also use the credit card calculator provided by the United States Senate Federal Credit Union.
When you quickly glance at both the Discover Open Road and Escape credit cards, it is very easy to assume they are similar. In fact, they do have some of the same important features. However, when you really begin to study them, you realize just how different they are.
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Discover Open Road Credit Card Summary
- Annual Fee: $0
- APR: 0% for the first 15 months, then 10.99% to 19.99%
- Balance Transfer APR: 0% for the first 15 months, then 10.99% to 19.99%
- Balance Transfer Fee: 3% per transaction
- 2% cash back automatically for the following purchases:
- Restaurants
- Gas stations
- Bonus 20% cash back for online purchases
The Open Road provides great cash back rewards for gas and dining facilities. People, who are on the road a lot tend to need both of the options more than others who fly, rather than drive.
The Open Road is geared towards travelers, but mainly those who use their cars frequently.
The Open Road credit card also seems to take convenience into mind because of the option to purchase through the online store, Discover.com. Drivers can download a mobile application and use their cell phones, as opposed to someone with a laptop, like frequent flyers.
On the other hand, the Discover Escape credit card has benefits that are certainly worth mentioning. Not only can you earn twice as many miles for every dollar spent, but you also have a number of ways to redeem your rewards too. The Open Road credit card only gives you cash options, but the Escape credit card lets you choose between four different methods.
Discover Escape Credit Card Summary
- Annual Fee: $60
- APR: 0% for the first 6 months, then 10.99% to 19.99%
- Balance Transfer APR: 0% for the first 6 months, then 10.99% to %19.99%
- Balance Transfer Fee: 3% per transaction
- Double miles guaranteed for every purchase
- $250 towards travel rewards
- Flexibility to redeem points on merchandise
- Zero blackouts
- Zero restrictions
Perhaps the greatest difference between Open Road and Escape is the ability to earn as many as 25,000 miles in just over two years. All you need to do is use your card once per month, each month and you receive an additional 1,000 miles. In 25 months, or two years and one month, you accumulate 25,000 miles, which you can use for just about anything.
Choosing Discover Open Road or Discover Escape Credit Cards
The Discover Open Road credit card can be more flexible if you do not want to spend time calculating points and keeping track of expenditures.The method is very simple and straightforward. You earn every time you spend. Once you receive your monthly statement, you review the information and that completes the process.
The Discover Escape credit card takes a bit more determination.
To make sure your points accumulate correctly, you really need to keep an eye on your spending habits. Because of the double miles option, it can be challenging to track, especially during the first few months. Utilizing Discover.com to add extra miles is also an area that requires extra focus and precise calculations.
Either one of these credit cards comes in handy if you spend a lot of time on the road. One pays for your gas, while the other gives you additional travel options. It is vital that you weigh the pros and cons before you go with one or the other. Figure out which one has the better advantage for you and the way you live each day.
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