Escapre Card by Discover
Discover has recently launched a new credit card called the Escape by DiscoverEscape by Discover
You can also redeem your points for gifts should you not want to use your points for travel. Discover allows you to buy gift cards from over 90 of its established rewards partners. These partners include but are not limited to companies such as Borders Books, Amazon.com, AMC Theaters, Brooks Brothers, L.L. Bean, Eddie Bauer, Outback Steakhouse, Red Lobster and scores of other major retailers and popular restaurant chains. You can also use your miles to pay towards your monthly statement. The exchange rate is figured at $25 for every 5000 miles. I would definitely use the reward miles for restaurants or travel. You can figure that for every mile you earn one half of one cent or .005 would go towards your balance.
You can also use transfer your balance from another credit card and pay 0% interest for up to 1 year. 0% interest also applies to purchases 6 months. This is a great way to make large purchases such as televisions, jewelry or to pay for an emergency car repair. Instead of paying regular interest rates you wont have to pay anything. A $600 brand new television could be easily paid off at $100 per month for 6 months.
The only real drawback to the Escape by Discover
It is good to see credit card issuers coming out with new products. Our economy is in shambles and any new available credit source is welcomed. The 25,000 sign up bonus points and the excellent rewards program make this card very tempting. All in all, the this new offer by Discover is an excellent credit card offer that I would definitely recommend to anyone
Discover has recently launched a new credit card called the Escape by DiscoverEscape by Discover
You can also redeem your points for gifts should you not want to use your points for travel. Discover allows you to buy gift cards from over 90 of its established rewards partners. These partners include but are not limited to companies such as Borders Books, Amazon.com, AMC Theaters, Brooks Brothers, L.L. Bean, Eddie Bauer, Outback Steakhouse, Red Lobster and scores of other major retailers and popular restaurant chains. You can also use your miles to pay towards your monthly statement. The exchange rate is figured at $25 for every 5000 miles. I would definitely use the reward miles for restaurants or travel. You can figure that for every mile you earn one half of one cent or .005 would go towards your balance.
You can also use transfer your balance from another credit card and pay 0% interest for up to 1 year. 0% interest also applies to purchases 6 months. This is a great way to make large purchases such as televisions, jewelry or to pay for an emergency car repair. Instead of paying regular interest rates you wont have to pay anything. A $600 brand new television could be easily paid off at $100 per month for 6 months.
The only real drawback to the Escape by Discover
It is good to see credit card issuers coming out with new products. Our economy is in shambles and any new available credit source is welcomed. The 25,000 sign up bonus points and the excellent rewards program make this card very tempting. All in all, the this new offer by Discover is an excellent credit card offer that I would definitely recommend to anyone
Labels: credit card issuers, credit cards, Discover credit card, Escape Card by Discover
Credit Card / Financial news blog post by Todd Holliday at 6:18 PM 