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Miles by Discover® Card Review
Issued by Discover
  
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Overall Rating:
Benefit Rating:
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The Miles by Discover® Card, issued by Discover, is designed for those with very good credit who plan to take advantage of the travel reward program.
Through the reward program, cardholders earn double miles on up to $3,000 in travel and restaurant purchases and one mile for every dollar spent on general purchases. Earned miles can be redeemed for airfare or reduced airfare on most major U.S.-based airlines with no blackout dates. Miles can also be redeemed for gift cards from 50 brand-name partners or cash. Cardholders earn 1,000 bonus miles in every month that they make a purchase during the first year of cardmembership for up to 12,000 bonus miles. There is a maximum of 60,000 miles that may be accumulated per year, but miles will not expire as long as the account remains active within a 36-month period.
In addition, the card offers platinum benefits that include auto rental insurance, up to $500,000 in travel accident insurance, and various Internet account related services.
The Miles by Discover® Card has a 0% introductory rate on purchases and balance transfers for six months with no annual fee. The APR for this card is reasonably low, although it is important to note that only higher qualifying applicants will receive the lowest rate available.
Therefore, those who plan to take advantage of the introductory rate and the reward program will benefit most from what the Miles by Discover® Card has to offer.
Through the reward program, cardholders earn double miles on up to $3,000 in travel and restaurant purchases and one mile for every dollar spent on general purchases. Earned miles can be redeemed for airfare or reduced airfare on most major U.S.-based airlines with no blackout dates. Miles can also be redeemed for gift cards from 50 brand-name partners or cash. Cardholders earn 1,000 bonus miles in every month that they make a purchase during the first year of cardmembership for up to 12,000 bonus miles. There is a maximum of 60,000 miles that may be accumulated per year, but miles will not expire as long as the account remains active within a 36-month period.
In addition, the card offers platinum benefits that include auto rental insurance, up to $500,000 in travel accident insurance, and various Internet account related services.
The Miles by Discover® Card has a 0% introductory rate on purchases and balance transfers for six months with no annual fee. The APR for this card is reasonably low, although it is important to note that only higher qualifying applicants will receive the lowest rate available.
Therefore, those who plan to take advantage of the introductory rate and the reward program will benefit most from what the Miles by Discover® Card has to offer.
Review Date: June 27, 2008
Note: The review on this card was updated on June 27, 2008. The review is believed to be accurate during the update, however, information posted may have changed since the update. We strongly suggest that you carefully read the Terms and Conditions statement that accompanies the credit card application.
| Credit Card Rate Details | |
Intro Rate (Intro APR):
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0% Intro APR* |
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Intro Applied Towards:
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Purchases, Balance Transfers |
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Additional Intro Details:
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There is a 0% introductory APR* on purchases and balance transfers for 6 months. See terms and conditions for complete details. |
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Purchase APR:
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10.99% (Variable) The APR for purchases is based on the Prime Rate. |
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Cash APR:
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23.99% (Fixed) The APR for cash advances is based on the Prime Rate. There is a minimum APR on cash advances. |
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Finance Configuration:
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Average Daily Balance (including new purchases) |
| Credit Card Fee Details | |
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Annual Fee:
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$0 |
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Additional Cardholders:
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$0 |
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Grace Period:
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25 Days (Min.) |
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Late Payment Fee:
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$19 on balances up to $250; $39 on balances over $250 |
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Over the Limit Fee:
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$15 on balances up to $500; $39 on balances over $500 |
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Cash Advance Fee:
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3%, $5 minimum |
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Balance Transfer Fee:
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3% for each balance transfer made under this offer, with a minimum of $10 and a maximum of $75 |
| Credit Card Reward Program Details (Mile) | |
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Miles per Dollar:
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1 Mile |
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Additional Miles:
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Earn double miles on up to $3,000 in travel and restaurant purchases. |
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Mile Details:
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Miles can be redeemed for airfare or reduced airfare on most major U.S.-based airlines with no blackout dates. Miles can also be redeemed for gift cards from 50 brand-name partners or cash. |
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Expiration:
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None (Account inactivity for more than 18 months could result in the forfeiture of some or all of the Cashback Bonus.) |
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Yearly Limit:
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None |
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Bonus Details:
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**Cardholders will receive 1,000 bonus miles every month they make a purchase during the first year. |
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Frequent Flyer Compatible:
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No |
| Features | |
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Most Attractive Feature(s):
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| 0% introductory rate; reward program; bonus miles. | |
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Least Attractive Feature(s):
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| Low rate not available to all applicants. | |
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Additional Features:
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| Various Internet account related services. Up to $500,000 in travel accident insurance. Auto rental insurance. Fraud and security protection services. See website for additional benefits. |
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Important Notations
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| *The APR for purchases and balance transfers varies according to the applicant's credit history and may range from 10.99% - 18.99%. See website for complete terms and conditions of card usage and application disclosure. | |
| Additional Information | |
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Apply Online for the Miles by Discover® Card from Discover See other Travel Credit Cards See other Discover Credit Cards |
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