Discover it Miles Credit Card Review 2024
09.02.2024 - 09:59
/ insider.com
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If you're looking for a no-annual-fee credit card with a simple rewards structure, the Discover it® Miles is worth considering. Its biggest strength is the 1.5x miles it earns across the board, along with Discover's Unlimited Bonus program that matches all the rewards you earn in the first year.
Automatically earn unlimited 1.5x Miles on every dollar of every purchase
$0
0% intro APR for 15 months on purchases and balance transfers
17.24% - 28.24% Variable
Unlimited match of all the miles you've earned at the end of your first year
Good to Excellent
If you're looking for a no-annual-fee credit card with a simple rewards structure, the Discover it® Miles is worth considering. Its biggest strength is the 1.5x miles it earns across the board, along with Discover's Unlimited Bonus program that matches all the rewards you earn in the first year.
The very best credit cards offer big welcome bonus offers, fancy perks, and the opportunity to get outsized value from your points. But in some cases, you'll have to navigate complicated bonus categories or award charts to squeeze the most value from your rewards.
The Discover it® Miles does things a little differently. While it doesn't come packed with benefits, cardholders earn a straightforward 1.5 miles per dollar on all purchases, with no caps or earning categories to worry about. Even better, the Discover it® Miles doesn't charge an annual fee or foreign transaction fees, making it an easy pick for international travelers who don't want to pay a yearly fee.
This no-fuss approach extends to redemptions, as well. Discover miles are worth a flat 1 cent apiece when you redeem them toward statement credits or for straight cash back into your bank account. Because of this, you can consider the Discover it® Miles card as earning 1.5% back on everything (1.5 miles per dollar x 1 cent per mile).
While there are other no-annual-fee cards — like the Citi® Double Cash Card — that earn a higher cash-back rate across the board, the Discover it® Miles comes with a feature that gives it a big edge over similar cards for the first year.
Discover credit cards don't come with a traditional welcome bonus. Instead, through its Cashback Match™ program (referred to as Unlimited Bonus on the Discover it® Miles), Discover will