Discover Escape Credit Card Rates Review
The Discover Escape card is more than just a travel rewards credit card. With the rewards earned form making purchases with the Escape card by Discover, account holders can use the reward miles for travel as well as cash back, merchandise and gift cards.
The credit card has 0% introductory APR on both credit card purchase transactions and credit card balance transfer transaction for a period of 6 months.
There is no limit on the amount of miles that can be earned and the miles do not have an expiration time frame. Credit card reward miles are earned by making any net purchase with the card and the account holder will earn 2 reward miles for every $1.00 in purchase transactions.
There is a bonus miles program for new credit card holders. The bonus miles are earned at the rate of 1000 miles each month that a purchase transaction is made with the credit card up to 25 months after the new credit card account is opened with a maximum bonus reward of 25,000 miles.
Standard travel reward credit cards are targeted to users that can best utilize the discounts and bonuses offered with credit card use. The Discover Escape card is more than just a travel rewards credit card since the miles earned can be used for travel and more.
The Discover Escape credit card has a $60.00 annual fee. The Escape by Discover Card also has a number of additional travel benefits and insurance coverage that comes with the card.
A low introductory credit card rate, bonus credit card rewards and reward redemption options are the key features found with this credit card.
Discover provides the following cheat sheet regarding the benefits that can be obtained by having and using the Discover Escape credit card:
- 25,000 Bonus Miles – Earn 1,000 Miles each month you make a purchase for the first 25 months
- 2 Miles per $1 on all purchases
- No limit on the Miles you earn and Miles don’t expire*
- Fly on any airline, book any hotel or car, with no blackout dates
- Use Miles for travel, merchandise, gift cards or cash
- 0% intro APR on purchases and balance transfers for 6 months then the regular APR
- Industry Leading Customer Service
- Enhanced travel benefits like Travel Delay Insurance and Trip Cancellation Insurance
Credit Card Advantages and Disadvantages
While credit cards can help consumers gain access to credit and earn credit card rewards and other benefits, many credit card holders struggle with personal debt problems. There are certainly many advantages in having a credit card or credit cards; in fact, life without credit cards is almost a burden. But there are also quite a few disadvantages, some which can be quite devastating.
The advantages of obtaining and using a credit card are plentiful, some of the key benefits include:
Convenience. Credit cards offer convenience in a variety of ways, chief among being that with a credit card a consumer does not have to carry cash. Credit cards can be more convenient than choosing not to carry cash and pay in cash because of the protections that come with most credit cards including extended warranty protection against unauthorized use, disputed transactions and more.
Access to Credit. Credit card holders have access to credit by simply have an available credit card limit on their card. Credit access helps build a string credit profile or credit history and comes in handy for large purchases or emergency money needs. Credit card credit access can also come in the form of interest free credit. Interest free credit can be obtained with low or zero percent introductory credit card rates as well as simply using a credit card and paying off the credit card balance prior to the end of the grace period and avoiding any credit card interest charges.
Credit Card Rewards. Credit card rewards are offered by credit card companies to encourage consumers to apply for new credit cards and use the credit cards. These credit card rewards can be earned by simply using the cards and paying off the balance without cost. With credit card rewards, consumers can earn air miles, credit card gas rewards, credit card cash back and other rewards. Provided that more than the minimum monthly payment is made, it is possible to earn more in rewards and benefits that the cost of having and using the credit card.
Manage Bills and Expenses. A credit card can help consumers budget effectively and manage their bills. By paying monthly bills with a credit card, it can be easier to managing family finances with easy payment record. Consumers can even earn more rewards by using a credit card for recurring expenses and paying the credit card balance as the statement comes in.
Disadvantages of Using a Credit Card:
Credit Card Debt. Too much debt is most likely the single biggest problem with credit card use. Having easy access to credit is often too tempting for many consumers. Many consumers end up struggling to control their spending and make only the minimum monthly payment each month which leads to debt that may become unmanageable and can lead to further financial trouble.
Excessive Borrowing Costs. Credit cards provide convenient access to credit but this credit access is not free. Credit card rates are generally among the highest consumer interest rates for borrowing. Mortgage rates, car loan rates, and equity loan rates are significantly lower than credit card rates. Credit card debt and payments can easily become out of control due the high interest charges on credit card balances.
Unwanted Fees and Charges. Late payment fees are often large penalties in relation to the amount of money that is due on a credit card. Not only are the late payment fees high but credit cards companies may also charge an annual fee as well as credit card cash advance fees, credit card balance transfer fees and other fees for transactions that some consumers fail to consider in their credit card costs.
To find the right credit card and avoid costly credit card mistakes, search for the best credit card with the lowest credit card rates to fit your needs.
Lowest Credit Card Rates Princess Rewards™ Visa Card
The Princess Rewards™ Visa card is a travel rewards credit card issued by Barclays Bank.
The Princess Rewards™ Visa card offers cardholders a rewards program that gives passengers the opportunity to earn free cruises, onboard credits, and discounts toward their cruise fares, air travel, special amenities and even free cruise redemptions. The rewards can also involve advance ticket sales, preferred seating, and special events.
The credit card reward programs allow the account holder the ability to earn one point for every $1.00 spent on net purchases. Card holders can earn two reward points for every $1.00 of net purchases made on Princess Cruise Lines including online and onboard purchases.
New credit card holders can receive 5,000 bonus rewards points after making their first purchase or credit card balance transfer.
This is a no annual fee credit card issued by Barclays Bank.
The credit card rate is a tiered rate based on the credit history of the credit card applicant. The lowest credit card rate currently available is at 10.24% the next tier is 13.24% and the current highest rate is 17.24%. The credit card rate is a variable rate based on the Prime rate plus a margin.
The credit card also offers an introductory zero percent credit card rate on balance transfers. The zero percent credit card balance transfer rate applies to the first six billing cycles after opening a new account.
The credit card grace period or due date is at least 23 days after the close of each billing cycle. There is no credit card interest charged on purchases if the full credit card balance is paid by the due date each month.
The credit card review is believed to be accurate as of this publication date but is subject to change at any time by the credit card issuer. All credit card information is presented without guarantee. Before applying for a new credit card read the current credit card terms and conditions.
Lowestcreditcardrates.com helps consumer’s research credit card offers to help find the best credit card with the lowest credit card rate.