Miles by Discover® Card, Editor Reviewed at CompareCards.com

Miles by Discover® Card

Editor's Rating: 8.0
Consumer Rating: (6 ratings) 9.2

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Intro APR:	0%*
Regular APR:	as low as 11.99% Variable*
Annual Fee:	None

Intro Period:	6 Months*
Balance Transfer:	Yes*
Credit Needed:	Excellent

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12,000 Bonus Miles – 1,000 Miles each month you make a purchase for the first 12 months
Double Miles on up to $3,000 in travel and restaurant purchases each year
Book any travel, anytime with no blackout dates or restrictions
1 Mile for every $1 on all your other purchases
Unlimited Miles that never expire
No Annual Fee

EDITORS' RATINGS OVERALL SCORE

8.0

Overall

The Bottom-Line

This is a very good option for anyone who would like to get relief from high interest credit cards and let their everyday purchases help them earn their way toward travel or gift card rewards in the process.

The Good

You’ll earn 1 point for every dollar spent and get double miles on food and travel with no black out dates or travel restrictions. Points can be redeemed for great travel or gift cards at Discover® partners.

The Not So Good

The double bonus points program is valid only on first $3,000 in purchases; APR is based on credit review and can be high for those with negative credit history.

CARD DESCRIPTION

The Miles by Discover® card offers a rewards program that is extremely generous and has a lot of built-in flexibility. Offering double points for purchases on food and travel, and 1,000 bonus points every month you make a purchase within the first twelve months, points can add up quickly and can be redeemed for your choice of travel, gift cards or for merchandise.

The APR rate is based on a credit review so those without a good credit history and FICO score above 710 will receive a lower rate than someone with a less favorable credit history. The Miles by Discover card offers you 1 mile for every one dollar that you spend and you can earn double points for purchases up to $3,000 each year.

There are no blackout dates or other travel restrictions for this card. Combine that with no annual fee and unlimited miles for as long as your account is active and you will see why it is considered to be a solid miles credit card. With this card there is no annual fee and you can receive an APR as low as 10.99%. Discover is one of the few credit card providers with a grace period over 25 days, so you have less concern over being charged interest on outstanding balances.

Read Customer Reviews (Last Reviewed: Aug 15, 2008)

DETAILED EDITORS' RATINGS

8.0

Introductory APR

0% APR for 6 months on balance transfers and purchases.

8.5

Benefits

Benefits include 1,000 bonus miles each calendar month that you make a purchase for first 12 months; get 1 point for every dollar spent and double miles on food and travel with out black out dates or restrictions.

8.0

Fees

No annual fee; 3% balance transfer; 3% cash advance fee.

8.0

Regular APR

Variable between 10.99% and 18.99% APR based on credit review.