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Issued by Discover Categories: Reward - Travel
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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 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 a 0% introductory rate on purchases for twelve months and a 0% introductory rate on and balance transfers for 6 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. 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.
Most Attractive Feature(s): 0% introductory rate; reward program; bonus miles.
Least Attractive Feature(s): Uses "Two Cycles Average Daily Balance" method when determining finance charges.
Additional Perks
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.
Rates & Fees
- Introductory Rate: 0% Intro APR*
- Introductory Rate Details: There is a 0% introductory APR* on purchases and balance transfers for 6 months. See terms and conditions for complete details.
- Grace Period: 25 Days (Min.)
- Applied Towards: Purchases, Balance Transfers
- APR (Purchases) %: 10.99
- APR (Cash Advances) %: 20.99
- Finance Configuration: Average Daily Balance (including new purchases)
- Annual Fee: $0
- Additional Cardholders: $0
- Application Fee:
- Minimum Credit Limit: n/a
- Maximum Credit Limit: n/a
- Late Payment Fee: $19 on balances up to $250; $39 on balances over $250
- Over-The-Limit Fee: $15 on balances up to $500; $39 on balances over $500
- Cash Advance Fee: 3%, $5 minimum
- Balance Transfer Fee: 3% for each balance transfer made under this offer, with a minimum of $10 and a maximum of $75
- Important Notations: 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.
* See the online credit card applications for details about Terms and Conditions of offer.
Note: The credit card information is believed to be accurate during the update. However, all 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. When you click on the " Apply " button you can review the credit card Terms and Conditions on the credit card issuer's web site.
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| APR (Purch) % |
APR (Cach) % |
Annual Fee |
Intro APR |
| n/app |
Not Available |
$125** |
No Introductory Rate Available |
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- No Annual Fee for the First Year - $95 Thereafter
- Earn 5,000 Membership Rewards® Bonus Points After Your First Purchase With the Card -- Redeemable for a $50 Gift Card
- The Membership Rewards® Program also Lets You Transfer Points to 11 Frequent Flyer Programs: 1 Point = 1 Frequent Flyer Mile or Frequent Guest Credit for Most Programs
- Purchase Protection Plan Protects Eligible Purchases Made with the Card Against Accidental Damage and Theft for up to 90 Days from the Date of Purchase
- Many Other Travel and Shopping Benefits
- No Pre-Set Spending Limit
- Express Approval. Get a Decision in Less than 60 Seconds
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| APR (Purch) % |
APR (Cach) % |
Annual Fee |
Intro APR |
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$95** |
No Introductory Rate Available |
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- Get Your Application Results in Seconds
- Monthly Reporting to the Major Credit Bureaus
- Free Online Access
- Excellent Online Tools for Managing Your Finances
- Semi-Annual Credit Limit Increases
- No Minimum Monthly Income Requirements*
- Unsecured MasterCard Accepted at Millions of Locations Worldwide
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| APR (Purch) % |
APR (Cach) % |
Annual Fee |
Intro APR |
| 19.92 |
19.92 |
$50 |
No Introductory Rate Available |
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