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Credit Card Reviews » Miles by Discover® Card |
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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. There is a maximum of 60,000 miles that may be accumulated per year, but miles will not expire as long as the account is 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.
This card has an attractive 0% introductory rate for twelve months on purchases and balance transfers 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.
Finance charges applied use the "Two Cycles Average Daily Balance" method, which is a more costly method in applying finance charges for those who occasionally carry a balance as compared to the "Average Daily Balance" method used by most card issuers.
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.
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0% Intro APR on Purchases, Balance Transfers for 6 months
10.99% Regular Variable APR for Purchases
23.99% Regular Fixed APR for Cash Advances |
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25 days Grace Period |
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| (* There is a 0% introductory APR on purchases and balance transfers for 6 months) |
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| Finance Configuration: Average Daily Balance (including new purchases) |
| Additional Cardholders: $0 |
| Late Payment Fee: $19 on balances up to $250 and $39 on balances over $250. |
| Over-The-Limit Fee: $15 on balances up to $500, and $39 on balances over $500. |
| Cash Advance Fee: 3% for each cash advance, with a minimum of $5 and no maximum. |
| Balance Transfer Fee: 3% for each balance transfer made under this offer, with a minimum of $10 and a maximum of $75. |
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| Minimum Credit Limit: n/a |
| Maximum Credit Limit: n/a |
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| Type of Reward: Mile |
| Miles per Dollar: 1.00 |
| Additional Miles: Redeem for travel credits to your account, gift cards from any of our 80 brand-name Partners or cash starting at just 5,000 Miles |
| Bonus Miles Other: Earn, 1,000 Bonus Miles each calendar month you make a purchase for 12 months from the date your account is opened. |
Mile Details: Earn 2 Miles for each dollar you spend on your first $3,000 in annual travel and restaurant purchases.
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| Expiration: None |
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| Additional Features for Miles by Discover® Card: |
Various Internet account related services.
Travel accident insurance.
Auto rental insurance.
Fraud and security protection services.
See website for additional benefits. |
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| Important Notes for Miles by Discover® Card: |
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. |
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| Notes: The review on Miles by Discover® Card was updated on March 05, 2008. The review is believed to be accurate during the update, however, information posted may have changed since the update.
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