Our Review:
In an attempt to compete with Chase and other issuers, Discover has just hit the market with a strong offer of its own. The new “Discover Miles” card offers 1.5x miles on all spending and double miles for the first year.
This is key: you can redeem earned miles for any amount to credit your travel purchases from your statement, or get the cash at any time.
There’s also no annual fee, free credits on in-flight WiFi, and numerous other benefits.
The Facts:
- No annual fee & unlimited 1.5x Miles on every dollar you spend on purchases. 0% intro APR on purchases for 12 months-then a variable purchase APR applies, currently 10.99% – 22.99%.
- Exclusive Double Miles Offer: At the end of your first year-when other Miles cards charge an annual fee-Discover doubles all the Miles you’ve earned.*
- 100 Miles = $1 value. Redeem Miles in any amount toward travel purchases on your statement. Or get cash as a direct deposit to your bank account.*
- New Freeze It(SM) on/off switch lets you prevent new purchases, cash advances & balance transfers on misplaced cards in seconds by mobile app & online.*
- Free FICO® Credit Score on statements, online & by mobile app.* And 100% U.S.-based service any time.
- Free overnight shipping of replacement cards to any U.S. street address at your request. And you’re never responsible for unauthorized purchases on your Discover card.*
- *See rates, rewards, free FICO® Credit Score terms and other info by clicking “Apply Now.” See complete Discover it® Miles details.
Verdict: Discover has raised the stakes! This all-new offer is great for diversifying your miles and points balances.