We show you Do you want to see a complete review of Discover it Miles credit card? From Responsible Economy we show you all the features: bonuses, cash back, rates, fees and everything you need to know about Discover it Miles. Welcome!
What type of credit card is it?
Discover it Miles is a travel credit card. As we will see later, the purchases you make earn you points that can be redeemed on trips and flights.
Features
In this section we show you in detail all the features of Discover it Miles:
Fees
We understand that nobody wants to pay commissions so this is a very important point. This Discover travel credit card has no annual maintenance fees and is free to apply.
Bonus
The first year you have a welcome bonus. Discover will match all the miles you earn at the end of your first year. For example, if you earn 40,000 miles, Discover gives you another 40,000. That way you would have 80,000 miles in the first year.
Cash back
Discover gives you 1.5 miles for every dollar you spend. If you spend $1,000 then Discover gives you 1,500 miles. There is no maximum cash back limit.
Interest rates
If you pay the purchases at the end of the month you will not have to pay any type of interest. In the event that you defer payments, your APR will be 16.49% to 27.49% based on your creditworthiness. There is a current offer where the first 15 months you have a 0% APR.
Balance transfers have an APR of 16.49% to 27.49%. The first 15 months are 0% APR.
Penalties
The first time you pay late you don’t have any penalty but after that you have a $41 penalty. You also have a $41 penalty for each returned receipt.
Reedem
You can get a statement credit to pay for travel purchases, shop with Amazon.com, PayPal or redeem for cash.
What is a mile in dollars?
It is very good to know the miles and points for purchases, but what are they equivalent to in dollars? The equivalence is as if Discover gave you a discount of 1.5% for each purchase. Remember that the first year as the points double, it would be 3%.
Comparison with the best credit cards
We have made a comparison of the Discover It credit card with the best credit cards you can apply for in the United States in 2023:
- Fees: $0
- Cashback: 1,5%-6,5%
- Bonus: up to $300
- Credit Score: 690-850
- Fees: $0
- Cashback: 2%
- Welcome bonus: $200
- Credit Score: 690-850
- Fees: $95
- Cashback: 1x-5x
- Welcome bonus: 60.000 points
- Credit Score: 690-850
- Fees: $0
- Cashback: 1%-10%
- Welcome bonus:$200
- Credit Score: 690-850
- Fees: $95
- Cashback: 2x-5x
- Welcome bonus:75.000 miles
- Credit Score: 690-850
- Fees: $0
- Cashback: 1%-5%
- Welcome bonus: up to $300
- Credit Score: 690-850
- Fees: $0
- Cashback: 1%-5%
- Welcome bonus: $200
- Credit Score: 690-850
- Fees: $0
- Cashback: up to 3%
- Welcome bonus: $200
- Credit Score: 690-850
Pros and Cons
After analyzing all the features of the Discover it Miles and seeing a comparison of the best credit cards, we have made a table with all the advantages and disadvantages:
| Pros | Cons |
|---|---|
| No fees | Credit score good or excellent |
| Welcome bonus | |
| Introductory APR Offer | |
| 3% cash back first year |
Requirements
The requirements to apply for the Discover travel credit card are the following:
- Must be over 18 years old
- Credit score good or excellent
- Live in the United States
- Have a Social Security
- High monthly income
- Have an American phone
Conclusion and opinions
After the review carried out, our opinion is that the Discover it Miles credit card is one of the best credit cards that you can apply for in the United States because it has no commissions, it has a very powerful welcome bonus and the cash back is 3% the first year and 1.5% from the second year.
Anothers product of Discover
Here you can see all Discover credit cards:
- Secured: Discover Secured credit card review.
- Students: Discover it Student credit card review.
More information about Discover
We have made a table with interest infomation about Discover:
| Information | Description |
|---|---|
| Website | https://www.discover.com/ |
| https://twitter.com/discover | |
| https://www.facebook.com/discover | |
| Phone | 1-800-347-2683 |
Frequent questions
If you still have any questions about the Discover it Miles here we answer all your questions:
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Updated the day 8 March, 2023 by Alfredo Barandiarán
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