|Highlights||Credit Card Feature|
|Things We Like||Discover's Match bonus offer|
|Our Least Favorite||Limited acceptance outside of the U.S.|
|Our Verdict||Great card for unlimited 1.5x Miles on every dollar you spend on purchases|
Discover it® Miles takes earning Miles on everyday purchases up a notch with an exclusive welcome offer (for new cardmembers only) where Discover matches all the miles you've earned at the end of your first year, automatically. That's when most credit cards would start charging you an annual fee! Discover stays true to itself with Discover it® Miles, giving you many of the same perks you might know from other Discover cards along with some additional benefits, while still having no annual fee.
If you are looking for a Miles credit card that's as uncomplicated and rewarding as other Discover cards, this card will probably catch your attention. But does Discover it® Miles really deliver as a miles credit card? In this review you can check out what this card gives you, what it doesn't give you, and how it compares with similar credit cards.
Things We Like About Discover it® Miles
No annual fee. Like other great cards from Discover, this travel card has no annual fee.
Discover Match® Offer. At the end of your first year Discover will automatically match all the miles you've earned. That means that if you chalk up some decent Miles by using this as one of your primary credit cards, you could end up with a huge chunk of Miles to use as you please. This offer is for new cardmembers only.
Earn unlimited 1.5x Miles on every dollar you spend on purchases. For each $1 that you spend on purchases, you will earn one and a half (1.5) Miles.
Low intro APR. When you sign up for this card, you will enjoy a 0% intro APR on purchases and 10.99% intro APR on balance transfers for 14 months. After that, you will have an 14.24% - 25.24% variable APR. This introductory rate makes this a good card to use for large purchases that you know you can pay off within the first 14 months, and if you keep your credit in top shape you can enjoy a very low ongoing APR.
100 Miles = $1 value. You can redeem your Miles in any amount toward travel purchases on your statement starting from just 1 mile. That means that you use your Miles to refund your travel purchases made with this card, which gives you a lot of freedom to choose how you travel. You can also redeem your miles for cash as a direct deposit to your bank account. Every 100 Miles you earn translates into one dollar of value (1 mile = 1 penny), so you would have to redeem 50,000 Miles for a $500 airline ticket. Making just $16,667 (25,000 Miles) in purchases with this card in the first year after opening your account would be enough to get you those 50,000 Miles (with the exclusive welcome offer).
Freeze It® on/off. This on/off switch lets you prevent any new purchases, cash advances or balance transfers from being made using your lost or misplaced card. It only takes a few seconds to freeze or unfreeze your card account online or with the mobile app.
Free FICO® Credit Score. Track your recent FICO® Credit Scores for free in an easy to read chart on your monthly statements, on the mobile app or online. Most of us need to keep track of our credit score, and getting your FICO® Credit Score (the most widely reviewed score) for free means more money saved.
No foreign transaction fees means that when you use this card to pay for purchases while on holiday or traveling outside of the US, you won't have to pay a foreign transaction fee. Most cards charge from 3% to 5% of each transaction, which can add up to a lot of wasted money. Having a card that charges no foreign transaction fee is also helpful if you want to purchase things online from merchants outside the US.
Paying late won't raise your APR. This is an important and often overlooked benefit. If you happen to miss a payment, your APR won't go up, so you won't suddenly be charged a much higher interest rate on your balance. Most credit cards raise your APR to 29% or more when you make a late payment. Still, I suggest you always make sure to pay on time to avoid paying a late payment fee of up to $37, although there is no late fee on your first late payment.
100% U.S. based customer service at your dedicated phone number at any time of day or night. If you have wasted precious time on hold, or worse yet, battling to make yourself understood by a friendly but incomprehensible foreign customer service agent, you will understand the incredible value of good customer service.
Free overnight card replacement. Get replacement cards shipped overnight to any U.S. street address at your request, at no extra charge.
You are never responsible for unauthorized purchases on your Discover card. If your card is ever lost or stolen, you will not be held liable for unauthorized transactions made with your card.
Our Least Favorite Things About Discover it® Miles
Limited travel benefits. This card has excellent Miles-earning potential and a few money-saving travel perks. For a no annual fee travel card it offers a lot, in my opinion.
No 1:1 frequent travel program conversion unlike some other credit cards, this card does not offer 1:1 miles conversion to frequent travel programs. But the benefit of the miles you earn with this Discover it® Miles is that you can redeem them towards the cost of any travel purchases you make with this card. You can read more about the value of miles here.
Limited acceptance outside of the U.S. This is a fantastic credit card to use if you want to hoard miles towards a vacation or other trip just by using it for your everyday purchases. But when it comes time to travel, you may want to take a Visa or MasterCard with you just in case. Discover is working hard to expand its international network, and you can use your card to pay at merchants and ATMs that accept Diners Club International or UnionPay as well as at places where Discover is accepted. But it still has a ways to go, and you don't want to risk being stuck in some exotic place without a way to pay.
How Other Cards Compare With Discover it® Miles
|Intro APR:||0% Introductory APR for 12 billing cycles for purchases|
|Regular APR:||17.24% - 25.24% Variable APR|
Discover it® Miles is a good card to use if you want to earn Miles on all purchases towards covering the cost of a trip. But you may have a difficult time using this card outside of the U.S.
Discover it® Miles is a simple and flexible credit card for earning Miles fast. The welcome offer for new cardmembers that matches all the miles you've earned at the end of your first year means you can chalk up a lot of Miles if you use this card to pay for a lot of your purchases the first year. Even after that, the unlimited 1.5x Miles you earn for every $1 that you spend on purchases is very high for a card with no annual fee.
Other popular cards I've reviewed that offer this amount of miles have annual fees of $50 or more, which cancels out a lot of what you save by earning miles. Add to that the interest you can avoid paying thanks to the 0% intro APR on purchases and 10.99% intro APR on balance transfers for 14 months (after that 14.24% - 25.24% variable APR) and this really becomes a smart option for travel savings. If you are looking for a low-cost credit card with real saving potential, you can hardly go wrong with Discover it® Miles.
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