The Miles by Discover Credit card is one of the prime travel rewards credit card that is offered by the Discover company. It is extremely perfect for people who love traveling. However, just like other notable travel reward credit cards, this offer is only for those who have excellent credit ratings.
One of the prime offers of the Mile by Discover Credit card is its unique Miles formula. This credit card allows its cardholders to earn one mile for every one dollar that you spend using the card. Moreover, if the cardholder uses the card to make travel purchases, he can earn double miles for the first $3,000 spent.
What’s good about the Discover Miles program is the fact that it offers no restrictions when it comes to booking your flights and travels. With this card, you don’t have to use the affiliated or the in house travel agent of the credit card company. Instead, you are entitled to make your own bookings and earn reward points without restrictions. You are allowed to utilize the services of any travel agent of your choice – both online and offline – in booking your travel ticket.
Just like other credit cards, the Discover Miles credit card also has an introductory offer. For the first six months of your card use, you will have a Zero percent interest rate matched with a Zero percent balance transfer rate. After the introductory period however, your purchase APR will have a variable rate. It can be as low as 10.99% or as high as 18.99%. The cash advance APR is a lot higher at a rate of 20.99% to 23.99%. There is also a Default rate APR of as much as 28.99%. However, whenever you miss the monthly repayment due date, you can pay your balance in full without the need to pay for the interest rates for as long as you have not exceeded the grace period of twenty five days.
After the introductory offer, the balance transfer fee will also increase to 3% for every balance transfer that you make within the range of $10 to $75. You will also have to pay for a fee of $15.00 for credit card balances of up to $500 and $39.00 for those over $500, if you ever exceed your credit card limit. In addition to that, the same amount of fees will be applied every time you make late payments. That is why if you are planning to get this card, you should make it a point to pay on time and in full on a monthly basis.
The Miles by Discover Credit card does not have annual membership fees as well. In addition to that, this travel reward credit card provides its customers with platinum benefits that are composed of an auto rental insurance, internet- account related services, and a travel accident insurance that can amount to as much as $500,000.
Apply online for Miles By Discover Credit Card:
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