updated May 04, 2016
If you are looking for a Miles credit card that's as uncomplicated and rewarding as other Discover cards, this card will probably catch your attention. But does Discover it® Miles really deliver as a miles credit card? In this review you can check out what this card gives you, what it doesn't give you, and how it compares with similar credit cards.
0% on purchases for 12 months
11.24% - 23.24% Variable*
Capital One® Venture® Rewards Credit Card comes with a one-time bonus of 40,000 miles (worth $400 in travel) after you use it to make $3,000 of purchases in the first 3 months. Depending on how much you spend, the welcome bonus offer you get with Discover it® Miles could give you less or more miles than this offer. This Capital One card lets you earn unlimited 2X miles per $1 for every purchase, while Discover it® Miles only lets you earn unlimited 1.5x miles on every dollar you spend on purchases, but Capital One® Venture® Rewards Credit Card has $0 intro annual fee for the first year; $59 after that, while the Discover card has no annual fee. You will have to spend close to $3,000 just to earn enough miles to cover what you spend on the annual fee with the Capital One Card. Discover also covers your in-flight Wi-Fi fees (up to $30 a year-with an automatic statement credit) which saves you money if you like to connect while flying. But if you have good enough credit and income to qualify for the Visa Signature version of Capital One® Venture® Rewards Credit Card you will enjoy a lot of benefits when you use it to pay. These include a complimentary concierge service and travel accident insurance. Both of these cards have no foreign transaction fees. Unlike the Discover card which has a 0% intro APR on purchases for 12 months with 11.24% - 23.24% variable purchase APR after, this card doesn't give you a low intro APR period for purchases or balance transfers (the 13.24% - 23.24% variable APR applies from the beginning). You can use this Visa card to pay at millions of merchants worldwide.
Capital One® VentureOne® Rewards Credit Card comes with a 20,000 miles one-time bonus (worth $200 in travel), once you spend $1,000 on purchases within your first 3 months. Like Discover it® Miles this card has no annual fee, but you earn unlimited 1.25 miles per dollar on every purchase, which is a lower rate than the unlimited 1.5 miles which Discover it® Miles gives you. This card has a 0% intro APR on purchases until April 2017 (12.24% - 22.24% variable APR after), which is similar to the 0% intro APR on purchases for 12 months you get with Discover it® Miles (11.24% - 23.24% variable purchase APR after). Like Discover it® Miles & Capital One® Venture® Rewards Credit Card, the miles you earn with this card can be redeemed towards any travel purchases you charge to your card, but they cannot be transferred to frequent travel programs. You can use this Visa card in most countries and it has no foreign transaction fee.
BankAmericard Travel Rewards® Credit Card. This card lets you earn unlimited 1.5 points per $1 spent on all purchases, which is the same as what Discover it® Miles gives you. But if you have an active Bank of America® checking or savings account you can get an additional 10% customer points bonus on every purchase when you make. If you're a Preferred Rewards client at Bank of America, that bonus can increase to 25% or more (depending on how much money you have in your bank account). This card has no annual fee, just like the Discover card. The points you earn can be redeemed for a statement credit that you can use towards hotels, flights, vacation packages, baggage fees, cruises or car rentals. So here too, the way you redeem points for travel bookings you make is very similar to Discover it® Miles and Capital One® Venture® Rewards Credit Card.You get a 0% intro APR for 12 billing cycles on purchases (15.24% - 23.24% variable APR on purchases and balance transfers after that. If you have an active Bank of America® checking or savings account this Bank of America card will reward you more, especially if you're a Preferred Rewards client. As this is a Visa card you can use it to pay and get cash advances around the world. See Terms.
Barclaycard Arrival™ World MasterCard® lets you earn 20,000 bonus miles (enough to redeem for a $200 travel statement credit) after you spend $1,000 on purchases in your first 90 days after account opening. You earn 2 miles per $1 you spend on travel & dining purchases and 1 mile per $1 on all other purchases. The bonus of using this card is that every time you redeem, you get 5% miles back to use toward your next redemption. This card works very nicely as a travel card because MasterCard is accepted by merchants and ATMs worldwide. It has no foreign transaction fee (like Discover it® Miles) and comes with World MasterCard® perks like worldwide automatic travel accident insurance, reimbursement for expenses when your baggage is delayed, trip cancellation/interruption insurance and many more. This card gives you 0% intro APR on balance transfers for 12 months (16.24%, 20.24% or 24.24% variable APR thereafter) on balance transfers made within the first 45 days of account opening. It also gives you complimentary online FICO® Credit Score access, like the Discover card. This card packs a lot of perks for a card with $0 annual fee, but it has a lower base miles earning rate for all purchases compared to Discover it® Miles.
Discover it® Miles is a good card to use if you want to earn miles on all purchases towards covering the cost of a trip. But you may have a difficult time using this card outside of the U.S.
Discover it® Miles is a simple and flexible credit card for earning Miles fast. The welcome offer for new cardmembers that matches the number of Miles you earn by the end of your first year of membership means you can chalk up a lot of Miles if you use this card to pay for a lot of your purchases the first year. Even after that, the unlimited 1.5 Miles you earn for every $1 that you spend on purchases is very high for a card with no annual fee.
Other popular cards I've reviewed that offer this amount of miles have annual fees of $50 or more, which cancels out a lot of what you save by earning miles. Add to that the interest you can avoid paying thanks to the 0% intro APR on purchases for 12 months (after that a variable purchase APR, currently 11.24% - 23.24% variable purchase APR) and this really becomes a smart option for travel savings. If you are looking for a low-cost credit card with real saving potential, you can hardly go wrong with Discover it® Miles.
Click here to go to the secure Discover website and apply for Discover it® Miles.
Emma Fox is a staff writer at GET.com, a lifestyle and personal finance website. Email: email@example.com
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Cards are rated by our team based primarily on the basis of value for money to the cardholder. The GET.com team rates each card based on its annual fee, rewards, benefits, bonus, introductory APR, ongoing APR, flexibility (in how its benefits can be used and how rewards are earned and redeemed), and other card features.