The Discover it Miles earns you 1. Your miles never expire, and you can redeem them for travel purchases charged to your account or for statement credits or cash back in your bank account.
But some of those cards limit the amount of high-level rewards you can earn. Hit the limit, and future purchases will earn a significantly lower reward rate. Instead, you get the same 1. The real advantage of the Discover it Miles card is the Discover Match program.
Any miles you earn during your first year as a cardholder will be matched—that is, doubled at the end of the year. At the end of your first year, Discover will match that 36,, bringing the total miles earned to 72, The redemption value stays consistent at 1 cent apiece no matter which option you choose.
This is another way in which the Discover it Miles program is different from other travel rewards programs. Instead of using your miles to book travel through a designated rewards portal, you can book travel with any retailer of your choice. Then you can pay off the cost of your travel by turning your miles into statement credits for travel purchases made within the last days. Eligible purchases include airfare, hotel stays, car rentals, travel website bookings, travel agents, commuter transit and gas stations.
Alternatively, you can get cash back deposited in your bank account at any time. This option lets you redeem your miles however you want, whether you prefer to use rewards to cover regular spending and bills or to save them up for travel or some type of splurge.
You can also use your rewards to pay for purchases directly on Amazon. Discover does not let you transfer miles to another travel rewards program. This means you cannot convert your Discover miles into frequent flyer miles or hotel points. The Discover it Miles is a good option if you want to earn miles and cash back without having to pay an annual fee.
There are other travel credit card options to consider from different card issuers, including credit card rewards programs that let you transfer points to airlines or hotels or book travel through a portal at a better rate. If you want to have as many ways as possible to redeem your rewards, make sure to also check out other rewards programs like Chase Ultimate Rewards and American Express Membership Rewards. The Discover it Miles is a great product for consumers wanting a simple way to earn travel rewards.
On top of the simple but effective earnings, the card comes with several features:. But note, Discover cards aren't widely accepted outside of the U. Mastercard and Visa cards will likely be more useful when traveling abroad. After the intro APR expires, it will increase to a variable, However, Discover will waive the first time you pay late as a courtesy. See rates and fees for the Discover it Miles here. If you enjoy earning credit card rewards without any spending categories to track, or simply earning miles to offset your travel expenses, the Discover it Miles card is just one of several to consider.
It earns 1. However, if you become a Bank of America Preferred Rewards member, you can raise your points earnings up to 2. You will earn 1. While it earns slightly less than the Discover card, the VentureOne may prove to be more valuable. With Capital One miles , you can transfer them directly to various airline and hotel loyalty programs to redeem them for free flights.
The different partners are:. However, it is even more valuable for people who plan on spending a significant amount of money in the first year of card membership because of the uncapped welcome bonus. And because Discover miles don't fluctuate in value, it makes earning and spending them that much easier.
Related: Discover it Miles card review. The process to redeem Discover it Miles is as simple as earning them. Instead, you could redeem miles to offset recent travel purchases, as well as some non-travel purchases.
Unlike some similar cards, there is no minimum redemption. You do not need to book your travel through a specific portal for it to qualify. In response to the pandemic, Discover expanded the qualifying category to allow redemptions for certain non-travel purchases. Purchases that can be reimbursed now include those made at restaurants and gas stations.
Related: 5 reasons why your family may want a Discover it Miles card. Because Discover miles are worth one cent each, no matter how you redeem them, the best option would be to use them for cash and use as needed.
This way, you could pay for your travel and dining purchases with a credit card that earns additional rewards on those purchases. The cash back redemption option is straightforward, again with no minimum redemption amount. The funds will be deposited directly into your bank account within three business days. You earn Miles every time you use your card to make purchases.
Your accumulated Miles are then applied to your Miles account at the end of each billing period. If your account is eligible to switch, you will keep your rewards balance and you'll start to earn 1. After you earn Miles on purchases, you can redeem Miles for cash, electronic deposit or as a statement credit that reimburses any travel purchase. It's easy to redeem Discover Miles on Amazon. Then simply link your rewards with the instructions on the Amazon.
Once you've linked your Discover Miles, you can make a full or partial Amazon. If you don't have a PayPal account yet, you can sign up as well. The travel rewards you'd earn on another travel credit card may come with an annual fee that can hold you back from getting the most of your rewards. That can mean statement credit savings when it's time to pay your credit card statement balance.
A credit card company or card issuer will review your credit score, income information and other information you provide when you apply for a credit card to see what credit limit and interest rate it can offer.
You can also see if you're pre-approved for an offer with no harm to your credit. Every purchase, every day, helps you earn Miles. And redeeming is just as flexible. Turn Miles into cash in any amount, at any time. There is NO limit to the number of Miles you can earn. Will my Miles expire? Rewards have no expiration. We will credit your account with your rewards balance if your account is closed or if you have not yet used it within 18 months.
0コメント