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With Discover it® Miles you get 1.5 miles for every dollar spent with no cap, and those miles can be redeemed for just about anything travel-related. On top of that, there's no annual fee.
- Rewards can be redeemed for travel or cash back at equal value
- No annual fee or foreign transaction fee
- Sign-up bonus
- High rewards rate for miles and flexible redemption for airlines, hotels and more
- 0% intro annual percentage rate (APR) on purchases for 14 months
- No luxury perks
- Other cards offer higher rewards rates
- Discover cards not widely accepted outside the U.S.
- Requires good to exceptional credit
With so many travel rewards cards to choose from, it can sometimes be difficult to figure out which rewards card is right for you. The Discover it® Miles card offers a generous return on travel rewards with 1.5 miles for every dollar spent. But what makes this card a shining star is the combination of flexible travel rewards that can be redeemed any number of ways, all with no annual fee.
Flexible Travel Perks: Miles, Hotels, Car Rental and More
One of the great things about the Discover it® Miles card is its flexibility for redeeming miles. You earn 1.5 miles for every dollar spent, which you can then redeem for airline tickets, hotel rooms, car rentals, travel agents, online travel sites and commuter transportation. More specifics about included travel perks can be found at Discover it® Miles.
Another outstanding benefit: You can redeem for flights on any airline or stays at any hotel. And there are no blackout dates to maneuver around. All this adds up to a solid rewards card that allows you to plan for the vacation of a lifetime.
Rewards redemption can happen any time. Starting at one mile, you can redeem for cash as an electronic deposit to your bank account or for credit for travel purchases on your statement made within the previous 180 days. Miles can be redeemed for travel or converted to cash back at the same penny-per-mile rate. Miles can be redeemed at Discover's Account Center or by phone.
End-of-Year Bonus for New Cardholders
Discover it® Miles offers a compelling incentive to apply for the card. Discover will match all the miles you've earned at the end of your first year, automatically. To illustrate, if you earn 35,000 miles—then at the end of the year, Discover will double that to 70,000 Miles, or $700 toward travel.
What You Should Not Do With Your Discover it® Miles Card
If you are considering getting a new card to consolidate debt from other cards by transferring a balance, this is probably not the card for you. While it does offer a lower introductory balance transfer interest rate of 10.99% for the first 14 months, there is no introductory 0% APR. So a balance transfer will cost you 10.99% for 14 months, then 14.24% to 25.24% after that, depending on your creditworthiness.
Editorial Disclaimer: Opinions expressed here are author's alone, not those of any bank, credit card issuer or other company, and have not been reviewed, approved or otherwise endorsed by any of these entities. All information, including rates and fees, are accurate as of the date of publication.
This article was originally published on March 8, 2019, and has been updated.