The Discover Miles card is pretty simple, and has fewer hassles or tricks than any other travel rewards card, even the Capital One Venture.
You earn 1.5x miles on everything you spend on the card.
Every one of those miles is worth one penny, which you can use to pay off any travel purchases you make on the card, or as statement credit.
So, 1,000 miles = $10 in credit, 10,000 miles = $100 in credit, and so on.
The key here is there are no restrictions or tricks involved.
So for example let’s say you buy a $300 plane ticket with your card. You could use 30,000 miles to pay off the whole $300. Or you could use just 1,000 miles to take $10 off. Or even only one mile to take a penny off.
It’s all your choice.
Don’t other cards earn more?
There are some double miles cards out there that earn 2x points on all your spending, like the Capital One Venture.
The catch is they have annual fees, with a $59 fee for the Capital One Venture.
By our math, the Discover Miles Card is a better deal if you spend less than about $1,100 a month.
Here’s what you would earn in a non-bonus, regular year:
$1,100 / month in spending:
$900 / month in spending:
How does the bonus work?
The most interesting thing about the card is the introductory deal, which earns you double the reward after your first year.
Here’s how it works.
After 12 months, Discover will calculate how many miles you earned in the first year of using the card. They’ll then double that by adding miles to your account.
So if you earned 10,000 miles in the first year, they’ll add another 10,000 miles at the end of the first year.
Since the card earns 1.5x miles on everything you spend, you’re effectively earning 3x miles on all of your first year spending with no limits.
That beats the straight up earning of any card with no caps or limits.
The only catch is Discover says it could pull the deal at any time, so if you want it make sure you get an account as soon as you can. Everyone who gets it while the deal is still live can take advantage of the double rewards deal for a full year.
Can you use it outside the U.S.?
The card has no foreign transaction fees, so there’s no extra charge to use it when you travel abroad.
But, it doesn’t have an EMV Chip built in, so it’s not as convenient as some other cards, and you might not be able to use it at some kiosks and merchants that require you have an EMV Chip built in.
Also, Discover is accepted at fewer places than Visa, MasterCard, or American Express, but there are still over 9 million merchants.
Despite this, it’s a great card to keep in your rotation with no fees to worry about, especially during the first year with the double rewards deal.
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Foreign Transaction Fee Waived
Points Can Transfer to Airline Miles ?
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Earn 80,000 bonus points after spending $2,000 on purchases within the first three months of account opening.
$1,000 toward travel or transfer to United, Southwest, and more.
That's $750 toward travel when you redeem through Chase Ultimate Rewards® or 1:1 point transfer to leading airline and hotel loyalty programs.