Difference between revisions of "Discover it miles card"
From Travel Strategies
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| + | {{DISPLAYTITLE: Discover it Miles Card}} | ||
{{Page|card|discover cards}} | {{Page|card|discover cards}} | ||
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| − | |CurrentOffer=$ | + | |CurrentOffer=$100 (after first purchase) using a referral link. Referrer gets $100 too. Plus the normal double miles for the first year. |
| − | |OfferLink= | + | |OfferLink= |
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| − | '''The "Discover it Miles" card is | + | '''The "Discover it Miles" card is essentially a 1.5% cash-back credit card, where you need to use your reward points as credits against travel purchases. What makes it interesting is that Discover doubles your rewards during the first year, raising the reward rate to 3%.''' |
| − | '''If you are willing to deal with the extra complexity, you may want to use the card as your general purpose reward card for a year | + | '''If you are willing to deal with the extra complexity, you may want to use the card as your general purpose reward card for a year and then shift to another card when the bonus rewards end. It is even possible to periodically cancel and reapply for the Discover card, so that you can earn 3% on-and-off on an ongoing basis.''' |
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{{Box|Business Version}} | {{Box|Business Version}} | ||
| − | Since Discover reports Business cards on your personal credit report | + | Since Discover reports Business cards on your personal credit report and doesn't offer a signup bonus on the Discover It Miles Business card, there aren't any reasons to get the business card instead of, or in addition to, the business version, unless you genuinely want a separate card for your business. Many people who are willing and able to get business cards will prefer the 2x Membership Rewards points they can earn on any purchase with the Amex Blue for Business card. [//www.discover.com/credit-cards/business/ Discover Webpage]. |
{{/Box}} | {{/Box}} | ||
{{TOC|All}} | {{TOC|All}} | ||
*[[#Collecting the Signup Bonus|Signup Bonus]] | *[[#Collecting the Signup Bonus|Signup Bonus]] | ||
| − | *[[# | + | *[[#Notable Benefits|Notable Benefits]] |
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<ul class="bulletlist"> | <ul class="bulletlist"> | ||
| − | <li>'''In lieu of a signup bonus, the Discover Card doubles your rewards for the entire first year you have the card | + | <li>'''In lieu of a signup bonus, the Discover Card doubles your rewards for the entire first year you have the card'''. At the end of the year, you'll receive a credit equal to the normal rewards you earned. In effect, that gives you the equivalent of 3% cashback during your initial year.</li> |
| − | <li>'''You can also receive $75, if you apply through Amazon''' | + | <li>'''You can also receive $75, if you apply through Amazon''' and make an Amazon purchase. Another option is a $50 statement credit offer, available through referral links. </li> |
</ul> | </ul> | ||
| − | === | + | === Notable Benefits === |
<ul class="bulletlist"> | <ul class="bulletlist"> | ||
Latest revision as of 12:29, 14 June 2021
Discover Credit Cards
Discover Webpage
Business Version Available
Send comments or suggestions to editor@travelstrategies.com or leave a comment below.
Annual Fee
No annual fee
Current Offer
$100 (after first purchase) using a referral link. Referrer gets $100 too. Plus the normal double miles for the first year.Typical Signup Offer
Double miles the first year you have the card
Signup Bonus ChartBonus Categories
1.5% All Purchases
No Foreign Transaction Fee
The "Discover it Miles" card is essentially a 1.5% cash-back credit card, where you need to use your reward points as credits against travel purchases. What makes it interesting is that Discover doubles your rewards during the first year, raising the reward rate to 3%.
If you are willing to deal with the extra complexity, you may want to use the card as your general purpose reward card for a year and then shift to another card when the bonus rewards end. It is even possible to periodically cancel and reapply for the Discover card, so that you can earn 3% on-and-off on an ongoing basis.
Business Version
Since Discover reports Business cards on your personal credit report and doesn't offer a signup bonus on the Discover It Miles Business card, there aren't any reasons to get the business card instead of, or in addition to, the business version, unless you genuinely want a separate card for your business. Many people who are willing and able to get business cards will prefer the 2x Membership Rewards points they can earn on any purchase with the Amex Blue for Business card. Discover Webpage.
Jump to
Collecting the Signup Bonus
- In lieu of a signup bonus, the Discover Card doubles your rewards for the entire first year you have the card. At the end of the year, you'll receive a credit equal to the normal rewards you earned. In effect, that gives you the equivalent of 3% cashback during your initial year.
- You can also receive $75, if you apply through Amazon and make an Amazon purchase. Another option is a $50 statement credit offer, available through referral links.
Notable Benefits
- Annual $30 inflight wireless credit. Applied automatically when you use the card to purchase service.