Although travel credit cards have been on the market for several years, many fell under the category of brand-specific cards. For instance, having a credit card that is tied to a hotel brand or a particular airline was and still is relatively common. However, some consumers want more in a travel credit card.
Currently, several credit card companies offer travel rewards card options that provide more flexibility and greater rewards potential for all purchases. These cards also allow for more comprehensive use when it comes to redeemed earned rewards. The Discover it Miles credit card is one of these all-around travel credit cards worth considering. Here’s our review of the Discover it Miles Travel credit card for 2024.
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Discover it Miles Travel Credit Card – Features & Benefits
The Discover it Miles card is a travel reward credit card that allows cardholders to earn miles on all purchases. Here’s a breakdown of the most notable features and benefits the card has to offer.
1.5x Miles Earned on Every Purchase
On every purchase, Discover it Miles credit cardholders earn 1.5 times the miles for each dollar spent. There are no categories to worry about keeping track of like other Discover credit cards, and there are no limits on how many miles can be earned over time. Miles can be redeemed as a statement credit for travel-related purchases, such as airfare, car rentals, or hotel stays. Cardmembers also have the option to redeem earned miles for cash, deposited to their bank account.
Unlimited Bonus from Discover
One of the unique features of the Discover it Miles card is the unlimited Discover Match® bonus offered to new cardmembers. After the first 12 consecutive months of establishing an account, Discover matches the miles earned during the 1st year and deposits them into the cardmember’s account. There is no limit as to how many miles can be matched with Discover, so long as the account remains open.
$100 Statement Credit Bonus
Get a $100 Statement Credit after you make your first purchase within 3 months of being approved. A promotional award will be applied within 8 weeks. The promotional award is in addition to the Cashback Bonus earned on all purchases and doesn’t require you to purchase spend an absurd amount. However, you have to sign-up using this referral link to receive the $100 bonus offer.
Additional Cardholder Perks
Above and beyond the miles earned on every purchase and the matching miles offered by Discover, Discover it Miles cardholders also gain access to the following built-in perks:
- No blackout dates for travel purchases
- Free social security number alerts based on monitoring of the Dark Web
- Access to FICO ® credit score at no cost
- Freeze it functionality to turn credit card on and off easily if it is lost or stolen
- Real-time alerts regarding purchases and suspicious activity
- Use reward miles at checkout with Amazon and PayPal
- 100% U.S.-based customer service
Credit Card Cost and Fees
The Discover it Miles credit card has a handful of features and benefits worth exploring, but new cardmember should also consider the costs. To determine if this credit card is the right fit for you, here are some additional details about the expenses associated with the Discover it Miles Travel card.
0% APR on Purchases for 15 Months
New cardmembers receive a promotional 0% APR on purchases for the first 15 months after opening an account. After the introductory period, a variable APR ranging from 17.24% to 28.24% applies to all purchases. The APR charged by Discover is based on a cardmember’s credit score and history at the time an application is submitted.
Intro Balance Transfer Offer of 0% APR for 15 Months
In addition to the promotional offer on the purchase APR, new Discover it Miles cardholders receive a balance transfer APR of 0%. This lower rate is in place for the first 15 months after establishing an account, so long as the balance transfer posts within about 90 days (see your terms for the exact date). A balance transfer fee of 3% or $10, whichever is greater, applies to the initial transferred balances during the promo period, then 5% thereafter.
Annual, Foreign, Late Payment, and Cash Advance Fees
The Discover it Miles credit card does not have an annual fee, nor does it carry a foreign transaction fee. However, cash advances come at a cost of $10 or 5%, whichever is greater, and a higher APR of 29.99% applies to cash advances. Discover also charges penalty fees. Late payments incur a $41 charge, although this is waived for the first late payment. Returned payments may incur a charge of up to $41 per transaction.
Apply for the Discover it Miles Credit Card
Individuals interested in the products Discover has to offer or applying for the Discover it Miles credit card may learn more by visiting the financial institution online. If approved, you’ll receive a credit line of at least $500.
Credit Score Requirement
We recommend having a good to excellent credit score (700+) before applying.
About Discover
Discover was founded in 1985, and since that time, it has grown into a well-known, global financial institution. The company not only provides millions of customers access to credit cards in both travel and cashback categories, but it also offers business credit cards, student credit cards, personal loans, online banking, student loans, home equity loans, and savings and checking accounts.
Please Share Thoughts and Reviews in the Comments Section Below
We would love to hear about your experience applying for or using the Discover it Miles Travel credit card, so please feel free to share a review in the comment section below.
