Home > > Discover Open Road(SM) Card

Discover Open Road(SM) Card

0% Intro APR*
5% Cashback Bonus for your gas and auto maintenance purchases.
Earn up to 1% Cashback Bonus on all other purchases automatically
$0 fraud liability guarantee
Advanced fraud early warning alerts
Fraud specialists dedicated to helping you 24/7
Customer service that puts you first
One call and we take care of it
Talk to a knowledgeable person in less than a minute
Easy online account options that put you in control
Timely e-mail reminders to help you avoid fees
No annual fee

Earn 5% Cashback Bonus® on gas and auto maintenance purchases and up to 1% Cashback Bonus on all your other purchases.
Pay no annual fee. For your peace of mind you'll have a $0 fraud liability guarantee and the easy online Account options that put you in control.
You also have the option to Increase, even double, the value of your rewards when you redeem for gift cards from our 80 Cashback Bonus Partners.
2

DID YOU KNOW?

	Tax-Definition.org (www.tax-definition.org) is reporting on the second part of the tax scam alert from the Internal Revenue Service (IRS): Manipulation of Tax Codes and Laws in Tax Scams. With the IRS bringing out its annual listings for the numerous tax scams that are taking place, the debate on the misuse of tax laws has become hotter. The “Dirty Dozen” looks at different kinds of tax scams that have taken place in a year, to keep the people of United States aware of the fraud agencies and their owners who move around in the guise of tax professionals. The modus operandi of the so-called tax agencies and tax counselors is to manipulate the established rules and laws in order to get tax reduction. They catch hold of people who are most prone to falling for their false claims. Following the tax-deduction techniques given by them can land you in prison. The IRS keeps a strict tab on the numerous agencies and takes legal action against the fraudulent ones. The different clauses and doctrines that are twisted and used for getting tax reduction are: Evasion of employment tax: There are times when the tax agencies instruct the tax filers not to withhold the employment taxes from their wages. This is a wrong interpretation of the Section 861. Following anything like this can lead to criminal convictions and injunctions. Penalties and extra taxes can be charged from the people found guilty by the IRS. Corporation sole: There are many people, who apply for incorporation by claiming to be a part of some religious organization, or other phony institution in the hope that they may be exempted from federal income tax. The corporation sole statute gives the benefit of tax exemption to the to religious leaders, thereby separating them from the ownership of church and other assets, legally. The tax agencies ask people to use this statute to escape taxes, other debts, and child support. Increasing offshore transactions: Most of the people are advised to hide their income in offshore banks and accounts by the tax agencies. Such people tend to use offshore credit cards, life insurance, leasing schemes, wire transfers, and foreign trusts to evade paying huge taxes. The IRS and other U.S. agencies are on a look out for such people who approve of and promote such illegal transactions. Cases of Identity thefts: The IRS has received information about some identity thefts where impostors have stolen valuable information from people guising themselves as officers from the IRS. The stolen data has then been used for credit card and loan application. Some people have also received fictitious correspondence from different agencies posing as the IRS. People tend to disclose very important information to them like their social security and checking account numbers, and many other things. Deductions for charitable institutions: Different charitable institutions and non-profit organizations have the benefit of tax deductions. The tax agencies advise their customers to transfer all their assets and other properties to any such institution, on paper. The person still maintains actual control or hold of that property. This helps the individual to get tax exemption and other deductions. IRS discourages such practices and takes legal action against the guilty. The best thing to do is to avoid getting duped by fraud tax agencies, and contacting the IRS directly for any sort of information, or clarification. Learn more about electronic filing (e-filing) : http://www.tax-definition.org/Define-Electronic-filing.html Tax Forms for E-filers: http://www.tax-definition.org/tax-forms

Cash back credit cards are very attractive to customers and many will feel that they should just accept the first cash back credit card they are offered, particularly if they are in a position of paying off all of their credit card bill in full each month and therefore being best able to take advantage of a cash back offer. However, there is no excuse these days for simply accepting the first offer you come across when it comes to cash back credit cards and you really should take the time and effort to get yourself a good deal.

Cash back credit cards are no longer the rarity that they once were. There was a time when cash back credit cards were seen as literally free money and people took the stance that of, you shouldn’t look a gift horse in the mouth. However, times have changed and increasingly, cash back credit cards are not looked at as a free gift from credit cards but simply the most appropriate form of credit card for customers who spend a lot on their credit card and pay off their bill in full every month.

This is because if you pay your bill off in full every month, you will not be charged any interest at all on your purchases and therefore, lower interest rates and even 0% rates will be of no benefit to you. Credit card companies realised this when they were trying to increase the number of their customers who paid off their bills in full each month. There is also the fact that every time you use your credit card, whether or not you ever have to pay any interest on the transaction, you are earning the credit card company money as they will be paid for processing the transaction through their payment system.

Therefore, the cash back credit card is not a generous free gift that the credit card company is throwing your way out of the kindness of their heart, but merely the best way to attract to themselves the type of customers who stand to earn them a lot of money in the long run.

From this perspective, there is no reason for you to sell yourself short and just accept the first cash back credit card you are offered without a second thought. You should take a little time and look online at what the competitors are offering. In many cases you will be able to find credit cards online that offer significantly better cash back rates than the one you have been offered in the mail. In this case, you would do well to spend a few short minutes on line filling in the applications and getting one of these cash back credit cards instead.