|
Additional Details, Terms and Conditions |
| |
| Name | Escape by Discover® Card |
|---|
| Most Attractive | 0% introductory rate; reward program; bonus miles. |
|---|
| Least Attractive | Annual fee; low rate not available to all applicants. |
|---|
| Description | The Escape by Discover® Card, issued by Discover, is a travel rewards card that is perfect for people who are interested in earning travel miles quickly. The rewards program offers cardholders 1,000 miles for each month a purchase is made for the first 25 months of opening an account (for a total of 25,000 Bonus Miles*). At the same time, cardholders will have the flexibility of earning unlimited Double Miles on all of their personal and business purchases. Miles never expire and can be redeemed for booking any airline, cruise, hotel stay, or car rental. You can also exchange your miles for gift cards to 90 brand-name partners or for cash starting at just 1,000 miles. In addition to the rewards program, cardholders will also enjoy enhanced travel benefits including car rental insurance, lost luggage insurance, travel delay insurance, and travel cancellation insurance. While there is a $60 annual fee requirement for this card, cardholders will enjoy a 0% APR on purchases and balance transfers for the first six months of opening an account. The APR for this card is reasonable, although it is important to note that only higher qualifying applicants will receive the lowest rate available. Those who plan to take advantage of the introductory rate and the travel reward program will find that the Escape by Discover® Card has a great deal to offer. |
|---|
| Short Description | The Escape by Discover® Card, issued by Discover, is a travel rewards card. With the rewards program, you'll earn 1,000 miles for each month you make a purchase for the first 25 months of opening an account. You'll also earn Double Miles on all your purchases while you enjoy enhanced travel benefits. Miles can be redeemed for travel credits, cash, or gift cards to 90 brand-name partners. Although there is a $60 annual fee requirement for this card, you'll get a 0% APR on purchases and balance transfers for the first six months of opening an account. The APR for this card is reasonable, but it is important to note that only higher qualifying applicants will receive the lowest rate available. |
|---|
| Content Updated Date | Jun 20 2011 6:09PM |
|---|
| Bullets | - 25,000 Bonus Miles - Earn 1,000 Miles each month you make a purchase for the first 25 months
- 2 Miles per $1 on all purchases
- No limit on the Miles you earn and Miles don't expire*
- Fly on any airline, book any hotel or car, with no blackout dates
- Use Miles for travel, merchandise, gift cards or cash
- 0% intro APR on purchases and balance transfers for 6 months then the variable APR of 10.99% - 16.99%
- Ranked #1 in customer loyalty (2011 Brand Keys Customer Loyalty Engagement Index report)
- Enhanced travel benefits like Travel Delay Insurance and Trip Cancellation Insurance
- $0 Fraud Liability plus automatic mobile and email fraud alerts
|
|---|
| Category | Reward - Travel |
|---|
| Card Type | Discover |
|---|
| Introductory Rate Offer | 0% APR for 6 Months* |
|---|
| Card Status | Standard |
|---|
| Introductory APR | 0.00 |
|---|
| Time Period Months or Billing Cycles | 6 |
|---|
| Time Period Type | Months |
|---|
| Intro Applied To | Purchases, Balance Transfers |
|---|
| Intro Details | There is a 0% introductory APR* on purchases and balance transfers for 6 months. See terms and conditions for complete details.* |
|---|
| Purchase Based on Index | Prime Rate |
|---|
| Purchase Index Value | 3.25 |
|---|
| Margin Rate for Purchases | 7.74 |
|---|
| APR for Purchases Numeric | 10.99 |
|---|
| APR for Purchases | 10.99% - 16.99% (V)* |
|---|
| Rate for Purchases is | Variable |
|---|
| Minimum APR for Purchases | No |
|---|
| APR for Purchases Updated | Monthly |
|---|
| Cash Index Value | 0.00 |
|---|
| Margin Rate for Cash Advances | 0.00 |
|---|
| APR for Cash Advances Numeric | 23.99 |
|---|
| APR for Cash Advances | 23.99% |
|---|
| Rate for Cash Advances is | Variable |
|---|
| Minimum APR for Cash Advances | n/app |
|---|
| APR for Cash Advances Updated | n/app |
|---|
| Method of Computing Balance | Average Daily Balance (including new purchases) |
|---|
| Annual Fee Numeric | 60 |
|---|
| Annual Fee | $60 |
|---|
| Annual Fee for Additional Cardholders | n/a |
|---|
| Annual Fee Details | None |
|---|
| Grace Period | 25 Days (Min.) |
|---|
| 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 |
|---|
| Minimum Credit Limit | n/a |
|---|
| Maximum Credit Limit | n/a |
|---|
| Minimum Deposit | n/app |
|---|
| Maximum Deposit | n/app |
|---|
| Application Fee | n/app |
|---|
| Participation Fee | n/app |
|---|
| Reload Fee | n/app |
|---|
| Inactive Fee | n/app |
|---|
| Deposit Interest | n/app |
|---|
| Total First Year Fees | n/app |
|---|
| Type of Reward | Mile |
|---|
| Optional Reward | No |
|---|
| Optional Reward Annual Fee | n/app |
|---|
| Reward Expiration | None (Account inactivity for more than 18 months could result in the forfeiture of Miles.) |
|---|
| Reward Yearly Limit | None |
|---|
| Rebate Minimum | n/app |
|---|
| Rebate Maximum | n/app |
|---|
| Additional Rebates | n/app |
|---|
| Rebate Details | n/app |
|---|
| Points per Dollar Spent | n/app |
|---|
| Additional Points | n/app |
|---|
| Point Details | n/app |
|---|
| Miles per Dollar Spent | 2 Miles |
|---|
| Additional Miles | Earn two additional miles for every dollar you spend through the ShopDiscover online shopping site. |
|---|
| Mile Details | Miles can be redeemed for travel credits, cash, or gift cards. |
|---|
| Miles Compatible with Frequent Flyer Program | No |
|---|
| Bonus Approval | None |
|---|
| Bonus First Purchase | None |
|---|
| Bonus Balance Transfers | None |
|---|
| Bonus Annual | None |
|---|
| Bonus Other | 25,000*** |
|---|
| Bonus Details | **Cardholders will receive 1,000 bonus miles every month they make a purchase during the first 25 months of opening an account. |
|---|
| Additional Perks | Various Internet account related services. Primary Car Rental Insurance. Lost or Damaged Luggage Insurance. Travel Delay Insurance. Trip Cancellation Insurance. See website for additional benefits. |
|---|
| Important Notations | See the online Discover credit card application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However all credit card information is presented without warranty. When you click on the “Apply Here" button, you can review the credit card terms and conditions on Discover’s website. |
|---|
| Card Overall Rating | 4.50 |
|---|
| Card Benefit Rating | 4.50 |
|---|
| | |
|---|
|
| Disclaimer: This content is not provided or commissioned by . Opinions expressed here are author's alone, not those of , and have not been reviewed, approved or otherwise endorsed by . This site may be compensated through Affiliate Program. |
