The Lowdown on Discover Gas Card

Do you feel that with gas prices going up, our wallets get lighter each time we fill up the tank? How about getting some of that cash back? Well, this would be possible if you have a Discover Platinum Gas Card.

For the first $1500 purchase in a year, card holders are able to get a cash back value of 0.25% of credit card charges in cash. Once their charge value hit a range of between $1500 and $3000, that percentage goes up to 0.5%, whilst credit card charges surpassing $3000 are eligible for a 1% cash back reward. Also, these numbers go higher whenever there are special promotions. In fact, sometimes the cash back value even doubles that of the usual amount.

Other than the attractive cash back reward program, Discover Gas Card users are also able to enjoy special privileges with some of Discover's merchant partners such as Hyatt Hotel, Royal Caribbean Cruises and car rental companies. Also, when Discover Gas Card users sign up for Discover's Get More Program, they are able to earn up to 5% in cash back bonuses just by making purchases at any of the partner stores or when redeeming gift certificates. However, gas purchases are limited to $25000.

Finally, we come to the APRs, which is a strong determining factor especially for consumers with large outstanding balances. The regular APR for the Discover Gas card is set around 10.99%, although these rates are tied to the Prime Rate and may increase. Other factors affecting the rate would be an applicant's credit rating. Initially, a new card holder will be able to use the card on a 0% APR basis for up to a year. This in itself is a great benefit to have as the standard interest rate computation system for this card is based on a two-cycle Average Daily Balance. Thus, if you do not pay off your monthly outstanding balances, this would not be a good card to own once the promotional period is over.

For more information or to apply for the Discover Gas Card, Eric Wasselman recommends Find Credit Cards. See http://www.findcreditcards.org/card/discover-platinum-gas-card.php .

Why do some gas stations hate fleet cards?

I've seen the sign "NO FLEET CARDS ACCEPTED" on many a gas pump around here... and wonder, what really IS a fleet card? Why do some gas stations hate taking them?

Answer
Fleet cards (and credit cards) require a retail business to pay user fees every time they accept one of the various cards for payment. That's how the fleet/credit card company makes their money. Some gas stations prefer to decline these fleet cards because the user fee is too high, or other business concerns.

Others, like Flying J, have their own credit cards, and don't want to encourage the competition by accepting other brand cards.