There's no requirement for the bonus, and no limit to how much can be earned. This card automatically matches all of the miles you've earned at the end of the first year you own it. New cardholders receive double the miles they've earned after 12 months of opening the account, effectively making this card's rewards rate to 3 miles per dollar spent the first year. The Discover it Miles card is a reasonable fit for those who want an easy-to-use card that pays decent ongoing rewards and delivers a generous bonus, provided you spend heavily on the card in its first year. After that, 5% of the amount of each transfer. And Discover also imposes an intro fee of 3% of the amount of each transfer for transfers that post to your account by September 10, 2023, with the 0% intro APR balance transfer offer described above. But you could still pay thousands in additional interest compared with a 0% APR offer of the same length. The special rate of 10.99% likely marks a reduction from what you're paying on the other card, since the average credit card APR is 19.07%. After the intro APR expires, your APR will be 16.99% to 27.99%, based on your creditworthiness. The Discover It Miles, however, offers only to carry transferred balances at 0% the term for the offer is 15 months from the date of first transfer, as long as the transfer is made by June 10th, 2023. Mediocre Introductory APR Offer for Balance Transfers: Many cards offer an initial period of 0% APR for balances transferred from other cards to your new one.It even lacks some features that are frequently offered by competing cards, such as rental-car insurance coverage, travel insurance, and extended warranty protection. It joins most no-fee cards in lacking luxury perks found on travel cards with fees, like travel credits, airport lounge access, and free upgrades at hotels. That eliminates the possibility of getting more for your points within those programs, because they might be stretched to deliver greater value. Also, this card, like most others from Discover, falls short on travel-related perks. Also, you can't transfer points earned with the Discover It Miles to airlines, hotels, or other companies that have loyalty programs-as you can with the Chase Sapphire Preferred, among other cards. For a frequent traveler, those richer rewards might soon justify the cost of that card's $95 annual fee. The Chase Sapphire Preferred card, for example, offers 5 points per dollar spent on travel, 3 points per dollar spent on dining and streaming services, and 1 point per dollar on all other purchases. A Less-Than-Ideal Card for Many Travelers: Save for its absence of a foreign transaction fee, this card has little to offer those who travel a lot and spend big. That’s not an outstanding length of time compared with all such offers, but it nonetheless could be a money-saver, especially if you plan some major purchases soon after you get the card. Decent 0% Introductory Offer on Purchases: The card offers a 0% APR on new purchases for the first 15 months following account opening.Points can otherwise be received as a statement credit, deposited electronically to a bank account, used as cash at select merchants, given as a charitable donation, or converted to a gift card. (Several travel cards allow you to redeem your miles for cash back, but it's often at a lower value.) One travel-focused feature is the ability to directly redeem points to your account to offset travel expenses, including airline flights and hotel stays. Indeed, this isn’t really a miles card, since all the options involve redemptions of miles for money, at the consistent rate of 1 cent per mile. Flexible Rewards Redemption Options: Discover offers an unusually wide range of options for redeeming miles.Few cards without an annual fee offer a bonus are that lucrative. For example, if you earn 30,000 miles throughout the year, Discover will match it and increase your rewards balance to 60,000 miles. Your First-Year Points are Matched: At the end of your first year of owning the card, Discover will automatically match all the miles you've earned-essentially doubling your rewards for that period.Mediocre introductory APR offer on balance transfers A less-than-ideal card for frequent travelers
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