Discover Open Road

All about Discover & Diners Club - talk about their credit card deals such as the More, Miles, Escape, and others.
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TXviking
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Discover Open Road

Postby TXviking » Thu May 12, 2016 9:56 am

I have a Discover Open Road card from back in the day. The benefits are pretty underwhelming, 2% cash back on gas and and restaurants, but only for the first $250 spent per month in those categories. Which, these days, doesn't go very far (I spend far more than $250 per month on either category, let alone combined.)

And of course, now I have the CSP that gives 2 UR points per dollar in those same categories, without a $250 spending limit. Suffice it to say I'll likely charge most fuel and dining transactions to the CSP going forward.

Discover also has various online shopping rewards and such that pop up on their web site. These are cited as a benefit of the Discover IT card, but as best I can tell, I seem to be offered the same deals on the Open Road card.

I won't get rid of the Discover, but I'm considering a PC from the Open Road card to the Discover IT. However, I'm a bit reluctant, as the Open Road card is discontinued and I wouldn't be able to get it back. Plus, I really like the space shuttle motif on my card :ppp

Thus, my question is: To PC or not to PC? Am I overlooking anything I'll lose with the Open Road? Does the Discover IT have any benefits OTHER than the rotating 5% categories that I don't get with the Open Road?

Is the Discover IT simply a better card and I should stop being sentimental and PC?


JonE
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Re: Discover Open Road

Postby JonE » Thu May 12, 2016 10:01 am

I have the IT and it's a nice card. The 5% categories are a little redundant if you ALSO have the Chase Freedom. I would call to see if they can offer you the Double Cash Back for the IT, if so, I'd jump right on it.
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TXviking
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Re: Discover Open Road

Postby TXviking » Thu May 12, 2016 10:07 am

JonE wrote:I have the IT and it's a nice card. The 5% categories are a little redundant if you ALSO have the Chase Freedom. I would call to see if they can offer you the Double Cash Back for the IT, if so, I'd jump right on it.


I have the Chase CSP, but not the Freedom. I also don't intend to apply for the Freedom. So as far as 5% categories go, the IT would definitely fill a gap there.

takeshi
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Re: Discover Open Road

Postby takeshi » Thu May 12, 2016 10:31 am

Don't conflate % and X.

CSP isn't 2x on fuel. It's 2x on travel and dining.

TXviking wrote:Does the Discover IT have any benefits OTHER than the rotating 5% categories that I don't get with the Open Road?

Can you get the double cash back offer on the Open Road?

TXviking wrote:Is the Discover IT simply a better card and I should stop being sentimental and PC?

Better is always subjective. It's your call to make based on your priorities, needs, wants, etc. Does the design and the fact that the Open Road is no longer available trump all other considerations for you? Do rewards on your spend matter? Have you run the numbers to compare rewards for your spend if it does matter? Are there any other criteria that you have that might make one a better fit for you than the other such as benefits and features?

JonE wrote:The 5% categories are a little redundant if you ALSO have the Chase Freedom

They can be but it really depends on the quarter. They're not always the same and even when they're similar the fine print can make a difference. Each has to make this decision for the individual. Some find only one or the other useful. Some find both useful.

TXviking
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Re: Discover Open Road

Postby TXviking » Thu May 12, 2016 10:52 am

takeshi wrote:Don't conflate % and X.

At 1 cpp they are essentially the same. With redemption generally garnering more than 1 cpp in value, X is superior.

takeshi wrote:CSP isn't 2x on fuel. It's 2x on travel and dining.

Pretty sure fuel purchases code as travel, but I haven't actually used the CSP for fuel yet (I got it days before I left for Europe, and I just got back from that trip.) I'll double-check after I make my first Racetrac fuel purchase with the CSP.

takeshi wrote:
TXviking wrote:Does the Discover IT have any benefits OTHER than the rotating 5% categories that I don't get with the Open Road?
Can you get the double cash back offer on the Open Road?

I don't think so, so that's one to take into consideration.

takeshi wrote:
TXviking wrote:Is the Discover IT simply a better card and I should stop being sentimental and PC?

Better is always subjective. It's your call to make based on your priorities, needs, wants, etc. Does the design and the fact that the Open Road is no longer available trump all other considerations for you? Do rewards on your spend matter? Have you run the numbers to compare rewards for your spend if it does matter? Are there any other criteria that you have that might make one a better fit for you than the other such as benefits and features?

Priorities are to maximize rewards, keeping in mind that redundancies with existing reward cards (primarily CSP and Blue Sky) reduce that value-add. If the design and non-availability trumped all other considerations, I would not have made this post in the first place. Rewards matter, but both cards offer them. I have not sat down with Excel spreadsheets and added up the dollars, but my gut feeling is that I could take advantage of some of the 5% categories on the IT to get better rewards than I do today. Which is making me lean towards a PC. And I'm unclear on how the two cards differ on benefits/features; I was hoping to benefit from the knowledge of other forum users in that area.

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Vattené
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Re: Discover Open Road

Postby Vattené » Thu May 12, 2016 9:54 pm

First thing I would do is talk to a CSR and see if you would be eligible for the double cash back promo. It says new cardmembers, so I wouldn't be surprised if they say you are ineligible, but it is worth finding out for sure. If you could get it, then (to me) it would be an easy decision to apply for a new It and not do a PC. If you can't, you're in the same position anyway.

I'm not too familiar with the Open Road, but are there any other perks? Is it just 1% elsewhere?

If you PC, I don't know if they would let you keep the card and account number, but if so you could potentially get the It with it's better rewards but keep the design you like (not to mention account history). I've toggled to the "chrome" version of the It and it's a simple change they do that doesn't impact your account or card, but this is a completely different product line in question so that may not be an apt analogy (that's not even a PC, I suppose).

If you love the old card so much and don't keep the account active you could just get a tiny frame for it and put it up on a wall at your place for nostalgia's sake :ppp
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CarefulBuilder14
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Re: Discover Open Road

Postby CarefulBuilder14 » Thu May 12, 2016 10:22 pm

It sounds like Chrome's rewards are actually better than Open Road's (with a slightly higher cap). I'm not aware of anything you'd be leaving behind.

I'm happy with the 5%/10% one. Sometimes it overlaps with Freedom...and sometimes it doesn't. I'm not unhappy about having a 10% restaurant card in addition to one that earn 5x URs on groceries.
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TXviking
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Re: Discover Open Road

Postby TXviking » Mon Jul 11, 2016 2:49 pm

Well, Discover sent me an email saying they had PCed me to the Discover IT. That email turned out to have been sent by mistake, but it got me thinking about this again.

In the meantime, my Costco card got converted over to Citi, who now offers 4% on gas purchases, both at Costco and elsewhere. That eclipses my current card, so I guess there's no real reason not to go for It and its 5% categories.

A PC has no impact on credit scores, right?

Tubpbs
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Re: Discover Open Road

Postby Tubpbs » Mon Jul 11, 2016 3:56 pm

TXviking wrote:Well, Discover sent me an email saying they had PCed me to the Discover IT. That email turned out to have been sent by mistake, but it got me thinking about this again.

In the meantime, my Costco card got converted over to Citi, who now offers 4% on gas purchases, both at Costco and elsewhere. That eclipses my current card, so I guess there's no real reason not to go for It and its 5% categories.

A PC has no impact on credit scores, right?


PC, if done properly, should not affect anything. The only one that should be able to tell is you and the issuer really (rare exception would be if somehow the product switches from Visa to MC so you need a new account but it still shouldn't affect anything in any way).

It sounds like my suggestion on the other thread for the It Chroke is sort of moot since you have 4% on gas and I assume you can get good returns on restaurants elsewhere or rely on getting it during a 5% category term.
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To My Credit
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Re: Discover Open Road

Postby To My Credit » Mon Jul 11, 2016 4:32 pm

Assuming uniform spend, Discover It is the better card and there is almost no disputing it. Let me do the math for you.

Discover It offers 5% back on gas for 3 months of the year and 1% for the remaining 9 months. That averages out to [(3x5)+(9x1)]/12 = 24/12 = 2%. And that's for $1500 per quarter, which is $500 per month.

Discover It offers 5% back on restaurants for 3 months of the year and 1% for the remaining 9 months. That averages out to [(3x5)+(9x1)]/12 = 24/12 = 2%. And that's for $1500 per quarter, which is $500 per month.

So in addition to giving 2% cashback (on average) on both gas and restaurants, Discover It also gives you 5% back for at least 3 months of the year on Amazon and other sub-categories. IMHO, Discover It and Chase Freedom are great cards to have for basically everyone, no matter what your spend.
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