I wrote about the 2% rewards card Escape By Discover in the previous post 2% Cash Back Rewards Card: Escape By Discover vs Capital One Venture. A bonus of 1,000 miles/points per month for 25 months makes this 2% rewards card effectively fee-free for four years, and it offers many other good features including primary car rental insurance, trip delay and trip cancelation insurance, one-time use card numbers, and rewards-earning person-to-person payments.
I got a notice saying the bonus worth $250 over 25 months will go away effective November 1. As of now Discover’s website still shows the bonus. If you want this 2% rewards card, you should probably apply now before the bonus goes away.
[Update: Discover is still showing the bonus as of Nov. 2. Not sure whether Discovered changed its mind or the bonus will still be discontinued any time now.]
Four years is long enough for a 2% rewards card. The history of other 2% rewards cards makes me really doubt that my Priceline Visa will stay as a 2% rewards card for that long. Fidelity AmEx is still an option but because I already use an American Express card for gas and groceries, I don’t want another American Express card for everything else.
I applied for this Escape By Discover card to preserve my options.
[Photo credit: Flickr user Mark Wiewel]