Review of Miles By Discover® Card

Picture of Item Reviewed
Editor's Rating: 4.0/5.0
Update - This card is no longer being marketed by Discover as they have consolidated their card to the IT series. A card is that is geared towards those who want flexibility to book their travels using reward points. One can use any travel agent (both online and off line) and simply redeem "miles" for statement credit. Discover is also one of the rare issuers that charges no foreign transaction fees on their card.
Intro Purchase APR Regular APR Intro Balance Transfer Annual Fee Issuer Credit Needed
0.00% for 6 months* 10.99% to 19.99%*(variable) 0%* for 6 Months* $0* Discover Excellent
Feature Summary
  • 1 Mile on every $1 you spend - Plus flexible redemption options like travel credits, merchandise, gift cards or cash
  • 0% intro APR on purchases and balance transfers for 6 months, then the variable purchase APR of 10.99% - 19.99%*
  • No restrictions on travel--fly on any airline, book any hotel or car, with no blackout dates
  • Travel benefits include secondary collision damage insurance when you rent a car with your Miles by Discover card
  • Discover is ranked #1 in customer loyalty--16 years in a row! (2011 Brand Keys Customer Loyalty Engagement Index report)
  • Great rewards with no annual fee, no rewards redemption fee, and no additional card fee
  • *Click apply to view rates, fees, rewards, limitations and other important information

If you are sick of earning frequent flyer miles, only to find that you have to book your award fights 11 months in advance, then perhaps this card might provide you with relief. And if you are the sort who loves to spend hours searching for the best deals, then you will like this card even more.

The downside of frequent flyer miles and old reward programs is the difficulty in using and redeeming points. Blackout dates, having to book three weeks in advance, having to stay saturday nights and being jammed with multiple stopovers are some of their downsides.

This is where this card shines because you have all the flexibility to book your travel with whoever you want. Let's look at the key features now staring with :

  • How You Earn Miles? - Card holders can earn one miles for every dollar spent on the card. For the first $3,000, you can earn double miles when you use your card for travel and restaurant purchases. Travel purchases are those made on airline tickets, hotel rooms, car rentals, cruises, tour operators and vacation packages purchased through travel agents, including online purchases. Restaurant purchases are those made at merchants classified as full-service restaurants, cafes, cafeterias and fast food locations. But as we will find out later, you can also earn double miles with their online merchant partners

    The "miles" you earn do not expire and you can earn unlimited "miles".

  • Redeem Points For Travel, Gift Cards and Cash Back - Big question is what can do you with the points and miles you have earned. You have a few choices. The most obvious is to actually use them for travel. The way you do it is to book your travel and then use your miles to get a statement credit. (We'll explain in detail here). You can also exchange them for Discover's gift card partners and also cash back.

  • No Foreign Transaction Fee - All Discover cards have no foreign transaction fee. And this feature makes this card stand out among it's peers.

  • Let's now look at the details of this card.
Next: Earn Double Miles With Merchant Partners »