subject: Escape by Discover: Get the Final Verdict [print this page] The Discover Escape Rewards Credit Card can be quite a handy addition to any purse or wallet out there. This card comes with a number of great rewards program and other features that make these accounts one of a kind. Manage this account responsibly, and you will ream in a multitude of benefits.Discover is offering a 0% introductory offer right now for 6 months after you open your account. After the 6-month introductory period, your APR will go up to about 11%. Obviously, this, is going to depend on your credit score. Please allow me to explain a little further. Those of you with a rating of 750 or higher will definitely be able to take advantage of the lower rate. For those that are not so credit worthy the 0% introductory offer does not apply. The rate, for the credit challenged, on balance transfers is going to be a lot more expensive, up to 16% dependent upon various factors. Be sure and pay your card on time every month in order to avoid any penalties. After two late payments you will fall under a penalty rate indefinitely. That being said Discover also does provide a top notch rewards program. Take a look at the following features and benefits as well as the terms and conditions before you apply.Perhaps the greatest bones for getting an Escape card is the 25,000 miles bonus you receive upon opening your new account. These rewards are not given to you all at once. You can then redeem these bonus miles for a things such as gift certificates or even cash-back. Discover also has program called ShopDiscover.com that partners with variety of retailers that fall in every category from hotels, restaurants, shopping as well as airlines. You get to earn double miles by shopping at these participating affiliates. In addition, Discover is giving back cash discounts, also called a cash back bonus. I am sure that most everyone is familiar with how a cash back rewards card works, but let me give you some of the critical details. For the first $3000 that you spend, in any given calendar year, you will earn .25% on all purchases. After you have exceeded $3000 you will get to earn 1% unlimited cash bonus points. If you plan on getting heavy use out of your credit card, then this could be the right one for you. Also, those of you who pay on time every month for 6 months will get something called a "pay on time" bonus. Be careful not to make more than 2 late payments as you will have all your bonus points fore fitted. If your account remains inactive for more than 18 months you also run the risk of having your points taken from you.This account comes with a great insurance benefit for those of you constantly in and out of the airports. Take a trip, loose your luggage, claim it on your Discover card. That's right, Discover has lost or damaged luggage insurance. Should you get sick prior to your next vacation, don't worry if you booked your flight using your Escape card. Discover offers trip cancellation insurance as well. They also offer car rental insurance in case you have a traffic accident. Not to many stones have been left unturned when it comes to travel insurance benefits being offered.The final verdict is in. The Discover Escape Card is an excellent option for the frequent traveler. You do need to check their restrictions before booking any flight. On the other hand, unlike most cards, Discover, does allow you to start using their bonus points after the first two months. Furthermore, so long as you remain a loyal customer your bonus points will follow. Make your payments timely and you will have no problems and you will even get a reward for that. Points can be easily redeemed by logging on to your account and selecting from the appropriate menu options. Lastly, If you have good enough credit, you will qualify for the 0% introductory offer and the lower interest rate once the introductory offer is over. There have even been multiple account recipients with a less than stellar credit rating. However, be prepared to pay more money on interest.
