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"Comparisons and secure applications of the best credit card offers online." |
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Additional Details, Terms and Conditions | |
| Category | Reward - Travel |
|---|---|
| Status | Platinum |
| Introductory Percentage Rate | 0.00 |
| Introductory Time Period | 6.00 |
| Intro Applies 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. |
| APR for Purchases | 10.990 |
| Purchase Rate Type | Variable |
| Minimum APR on Purchases | No |
| APR for Cash Advances | 23.990 |
| Cash Advance Rate Type | Fixed |
| Finance Charge Calculation | Average Daily Balance (including new purchases) |
| Annual Fee | $0 |
| Additional Annual Fees | $0 |
| Annual Fee Detail | None |
| Grace Period | 25 Days (Min.) |
| Late Payment Fee | $19 on balances up to $250; $39 on balances over $250 |
| Over 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, with a minimum of $10 and a maximum of $75 |
| Minimum Balance Transfer | n/a |
| Maximum Balance Transfer | n/a |
| Type of Reward | Mile |
| Optional Reward | No |
| Miles Earned Per Dollar Spent | 1 Mile |
| Additional Miles | Earn double miles on up to $3,000 in travel and restaurant purchases. |
| Mile Details | Miles can be redeemed for airfare or reduced airfare on most major U.S.-based airlines with no blackout dates. Miles can also be redeemed for gift cards from 50 brand-name partners or cash. |
| Miles Compatible With FF | No |
| Expiration | None (Account inactivity for more than 18 months could result in the forfeiture of some or all of the Cashback Bonus.) |
| Yearly Limit | None |
| Bonus Approval | None |
| Bonus First Purchase | None |
| Bonus Balance Transfers | None |
| Bonus Annual | None |
| Bonus Other | 12,000 Miles** |
| Bonus Details | **Cardholders will receive 1,000 bonus miles every month they make a purchase during the first year. |
| Additional Perks | Various Internet account related services. Up to $500,000 in travel accident insurance. Auto rental insurance. Fraud and security protection services. See website for additional benefits. |
| Notations | *The APR for purchases and balance transfers varies according to the applicant's credit history and may range from 10.99% - 18.99%. See website for complete terms and conditions of card usage and application disclosure. |
| Features / Benefits: | Book Any Travel, Anytime with No Blackout Dates or Restrictions |
| 1 | Double Miles On Up to $3,000 in Travel and Restaurant Purchases Each Year |
| 2 | 1 Mile for Every $1 on All Your Other Purchases |
| 3 | Unlimited Miles that Never Expire* |
| 4 | Redeem for Travel Credits to Your Account, Gift Cards from Any of Our 70 Brand-Name Partners or Cash Starting at Just 1,000 Miles |
| 5 | No Annual Fee |
| 6 | Online Account Access |
| 7 | *View Discover® Card Rates, Fees, Rewards, and Other Important Information |
| Rating | 4.00 |
| Benefit Rating | 4.00 |
| Best Feature | 0% introductory rate; reward program; bonus miles. |
| Worst Feature | Low rate not available to all applicants. |
| Review | The Miles by Discover® Card, issued by Discover, is designed for those with very good credit who plan to take advantage of the travel reward program. Through the reward program, cardholders earn double miles on up to $3,000 in travel and restaurant purchases and one mile for every dollar spent on general purchases. Earned miles can be redeemed for airfare or reduced airfare on most major U.S.-based airlines with no blackout dates. Miles can also be redeemed for gift cards from 50 brand-name partners or cash. Cardholders earn 1,000 bonus miles in every month that they make a purchase during the first year of cardmembership for up to 12,000 bonus miles. There is a maximum of 60,000 miles that may be accumulated per year, but miles will not expire as long as the account remains active within a 36-month period. In addition, the card offers platinum benefits that include auto rental insurance, up to $500,000 in travel accident insurance, and various Internet account related services. The Miles by Discover® Card has a 0% introductory rate on purchases and balance transfers for six months with no annual fee. The APR for this card is reasonable, although it is important to note that only higher qualifying applicants will receive the lowest rate available. Therefore, those who plan to take advantage of the introductory rate and the reward program will benefit most from what the Miles by Discover® Card has to offer. |
| Date of Data Update | 2008-08-19 00:00:00 |
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