Discover it Miles Credit Card Review

Discover It Miles Credit Card Review

The Discover It Miles credit card is a travel rewards card with a twist—it offers flexibility without an annual fee. You earn 1.5 miles on every dollar spent, and those miles can be redeemed for cash back, travel statement credits, or even used at checkout with Amazon or PayPal. This makes it a good option for travelers who want a no-frills card with multiple redemption options.

Discover it; Miles Credit Card also offers a variety of other perks and benefits to make your travel experience even more enjoyable and stress-free. These include no foreign transaction fees, free FICO® Credit Score monitoring, and a generous introductory APR offer for purchases and balance transfers. You can even access exclusive deals and discounts on popular travel websites when booking with your card.

Quick Highlights of Discover It Miles Credit Card

• Discover It® Miles offers unlimited bonus rewards for new card members, matching all the miles earned in the first year. Let’s say you’ve diligently used your card and accumulated 35,000 miles in your first year. Thanks to the Unlimited Miles Match, Discover will add another 35,000 miles to your account, giving you a total of 70,000 miles!
• Earn 1.5x miles on every dollar spent automatically, with no limit or minimum spending required.
• Say goodbye to annual fees with Discover It® Miles.
• Redeem your miles as cash or statement credits for travel purchases such as airfare, hotels, rideshares, gas stations, restaurants, and more.
• Earn 0% introductory APR for 15 months on purchases and a standard variable purchase APR of 17.24%, 28.24% after that.
• Protect your personal information online using Discover’s mobile app to remove it from select people-search sites.
• Discover is widely accepted nationwide, with a 99% acceptance rate at places that take credit cards.
• Terms and conditions apply. Keep an eye out for any updates or changes to the rewards program.

Quick Fact

• Earn 1.5x miles on every purchase automatically.
• Redeem miles for travel or cash back—you choose!
• Double your miles in the first year with the Miles Match (no minimum spend required).
• Use your card abroad without foreign transaction fees.
• Track your credit score for free with FICO access.
• There is no annual fee to worry about.

Rewards and Benefits of Discover It, Miles Credit Card,

Rewards Discover it, Miles Credit Card,

• Earn Everywhere, Every Time: You get 1.5 miles for every dollar you spend automatically, so there’s no need to track rotating categories or activate bonuses.
• Unlimited Earning Potential: No cap on how many miles you can earn. Every purchase adds up to your travel goals.
• Double your First Year: Discover offers a unique feature called the Unlimited Miles Match. At the end of your first year as a card member, they’ll double all the miles you’ve earned.

Here’s an example: Imagine you spend diligently throughout your first year and rack up 35,000 miles. Thanks to the Miles Match, Discover adds another 35,000 miles, giving you a total of 70,000 miles. This can be a great way to jumpstart your travel rewards journey.

How to Redeem Rewards

Discover it® Miles offers incredible flexibility when it comes to redeeming your rewards. No matter how small, every mile you earn can be redeemed for cash back deposited directly into your statement bank account or as a statement credit towards a travel purchase.

Both options hold equal value, with each mile being worth one cent. Travel purchases encompass a broad range of options, including flights, hotels, car rentals, cruises, tours, and even local transportation like ferries and taxis.

The best part? Your miles never expire, and Discover will even credit your account with any remaining balance if your account is banned or inactive for 18 months. The travel purchase made up the last 180 days of a commercial airline ticket.

Rewards Potential

The average household’s spending habits. According to Forbes Advisor, a household earning around $116,000 annually spends significantly across various categories. With Discover it® Miles’ generous 1.5x miles per dollar on every purchase, you can rack up a substantial number of miles throughout the year. Discover matches all your miles earned in the first year, effectively doubling your rewards.

This means you can redeem your miles for exciting travel experiences, cash back, or even statement credits for past travel purchases. The flexibility and the potential for boosted rewards make Discover It Miles a compelling option for any household looking to maximize their spending power.

Benefits Discover it, Miles Credit Card,

• Straightforward Rewards: Earn unlimited 1.5x miles on every dollar spent automatically. There is no need to track rotating categories or activate bonuses.
• Double Your Miles in the First Year: Discover matches all the miles you earn at the end of your first year with no spending requirements. This can be a great way to jumpstart your travel rewards.
• Flexible Redemption: Redeem your miles for cash back at the same rate you earn them, or use them for travel statement credits on flights, hotels, rideshares, and more.
• No Annual Fee: Keep more of your rewards for yourself.
• Global Acceptance: Use your card almost anywhere in the world with no foreign transaction fees.
• Added Security: Discover offers free access to your FICO credit score and helps remove your information from select data-selling websites.
• Safer online identity: Discover helps remove your information from select data-selling websites, reducing your exposure online.
• Zero fraud liability: Shop confidently, knowing that the cash holder is not responsible for unauthorized charges to your account.

Feature Discover it, Miles Credit Card,

Security

• EMV Chip: Provides enhanced security for in-person transactions with chip-and-pin technology.
• Zero Fraud Liability: You won’t be charged for accidental charges if your card is lost or stolen.

Convenience

• Mobile Pay Ready: Use your card with mobile wallets like Apple Pay and Google Pay for contactless payments.
• Free Credit Score: Monitor your credit health for free with access to your FICO score directly through Discover.

Cost-effective

• No Annual Fee: Keep more rewards without a yearly card fee.
• No Foreign Transaction Fees: Use your card internationally without incurring extra charges.

Rewards & Flexibility

• Travel: Earn 1.5x miles on every purchase and redeem them for travel purchases or statement credits towards travel.
• Unsecured Credit Card: This card reports to credit bureaus, helping you build your credit history.

Rates and Fee Discover it, Miles Credit Card,

Rates

• Intro Purchase APR: 0% Intro APR for the 15 months
• Regular APR: 17.24%-28.24% Variable APR
• Intro Balance Transfers APR: 0% Intro APR for 15 months
• APR for Cash Advance: 29.99%
• Late APR: N/A

Fee

• Annual Fee: N/A
• Balance transfer fee: The amount of 3% every transfer after your account is posted on 10 June 2024 with the 0% intro APR balance transfer offer described above. After that, 5% of the amount for every transfer.
• Cash Advance: Either $10 or 5% of the amount of every Cash Advance, which is greater
• Late payment: up to 41$
• Returned Fee: up to 41$

Eligibility Criteria Discover it, Miles

Factors

• Credit history: A history of on-time payments and responsible credit management is important. 670-850 good to excellent recommended credit.
• Income: Discover will likely consider your income to ensure you can manage potential credit card debt.
• Debt-to-income ratio (DTI): A lower DTI (less debt than your income) is generally favorable.

Approval Process

Discover offers a pre-approval tool that allows you to see if you’re likely to be approved for the Discover it® Miles card without impacting your credit score (https://www.discovercard.com/application/preapproval/initial). Here’s the typical process:

1. Pre-approval: Check online to see if you’re pre-approved. This involves a soft credit inquiry that doesn’t affect your credit score.
2. Formal Application: If pre-approved, you can formally apply for the card. This involves a hard credit inquiry, which may slightly lower your score.
3. Review and Decision: Discover will review your application and credit report to make a final decision.
4. Approval Notification: You’ll be notified of the decision via email or mail.

How to Apply

Here’s how to apply for the Discover It® Miles card:

• Visit the Discover website (https://www.discover.com/credit-cards/travel/).
• Click on “Apply Now” for the Discover it® Miles card.
• Fill out the online application form with your personal information and financial details.

Customer Service/Phone Number

You can contact Discover customer service at 1-800-347-2683. Their representatives are available 24/7 to assist you.

Conclusion Discover It, Miles

The Discover It® Miles credit card offers a compelling combination of simplicity and reward. With its automatic 1.5x miles on every purchase, you’ll earn travel rewards with every swipe. Plus, there’s no need to juggle bonus categories or worry about missing out on activations.

The Unlimited Miles Match truly sets Discover it® Miles apart, effectively doubling your rewards in the first year. Top it all off with flexible redemption options, no annual fee, and valuable security features, and Discover it® Miles becomes a great option for budget-conscious travelers seeking a no-hassle path to travel rewards.

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