Discover it® Miles review: Earn 1.5X miles on all purchases

WHAT DISCOVER SAYS ABOUT THIS CARD

So you’re the travel-loving type with an adventurous streak that embraces freedom, flexibility and choice as you explore your country and the world? Adventurous you, meet CardName.

This is one travel rewards card that offers some serious bang for very little buck – there’s no annual fee and no foreign transaction fees, you earn 1.5 miles for every dollar you spend on the card AND, new cardholders take note, Discover will MATCH all the miles you earn during your first year as a card member.

Go ahead and do that math – that means new cardholders will effectively earn three miles for every dollar they spend on the card during their first year. Say you earn 35,000 miles your first year– you’ll actually walk away with 70,000! Look out across the travel rewards credit card landscape and you’ll see that this is a hard offer to beat.

Here are a couple of other features that make CardName worth a look:

• You can redeem rewards in any amount for travel credit or cash back.
• Regardless of how you redeem your rewards, it’s a simple conversion: 100 miles is always worth $1.

Because it doesn't lock you into a co-branded airline or hotel, CardName gives you considerable latitude in travel brand choices. And its lack of an annual fee will make you  feel all the freer to jet up, up and away.

DISCOVER IT® MILES REWARDS

There’s a lot to like about CardName, but knowing that Discover will match all the miles you earn during your first year for new card members – effectively meaning you earn three miles for every $1 spent – is definitely near the top of the list.

That said, choosing a card based strictly on an introductory offer is rarely the best idea. The good news with CardName, however, is that the flat earning rate of 1.5 miles for all your purchases presents a respectable opportunity to consistently rack up rewards even after your first-year match period has passed. There’s no cap on the number of miles you can earn and your miles never expire. Plus, it’s a flat-rate card which means there’s no need to keep up with tiers or rotating categories.

When you want to redeem those miles, you can either request a statement credit to cover travel purchased within the past 180 days or you can redeem your miles for a cash deposit directly into your checking or savings account. Whichever option you choose, your miles are worth $.01 each – 100 miles always equals $1.

DISCOVER IT® MILES FOREIGN TRANSACTION FEE

If you need to frequently use your card for purchases abroad, a foreign transaction fee could cost you hundreds of extra dollars. Foreign transaction fees on credit cards are usually around 3%, with dynamic currency conversion fees (DCCs) sometimes as much as 7%. This means that if you use a card with these fees outside of the U.S., you would be looking at paying an extra 3% on however much you spend in a foreign currency.

The CardName does not charge foreign transaction fees, so it can help to save you money next time you travel abroad.

DISCOVER IT® MILES CREDIT SCORE

Discover does not specifically mention the credit score needed to qualify for this card, but it does note that the CardName is designed for those with “good” to “excellent” credit scores. According to the credit scoring agency Experian, a FICO score of 670 would be the bottom of the “good” range. However, this doesn’t mean you’ll automatically qualify if your score is in this range and also keep in mind that different scoring models could offer different scores and ranges.

DISCOVER IT® MILES POTENTIAL DOWNSIDES

Many travel cards offer cardholders a one-time bonus in which you can earn a certain sum of miles or points after meeting an initial spending threshold when you first receive the card (for example, earn 50,000 bonus points after spending $3,000 in purchases within your first three months of opening an account). CardName is different in that you have to wait until your account anniversary to receive your bonus.

If it's likely you will spend a great deal with your card in the first year of ownership, this card’s matched-miles offer leads to a rich reward and can provide the rationale to apply. But if you don't anticipate buying much with the credit card in that first year, or you can’t wait a year to receive your reward, you may be better off selecting a card that features an up-front bonus.

DISCOVER IT® MILES CARDHOLDER SCORES

*Scores above reflect the results of surveys with actual cardholders. Full methodology below.

HOW THE DISCOVER IT® MILES CARD COMPARES TO OTHER TRAVEL CARDS

Discover it® Miles vs. CardName

auto-pdp-btn

discontinued

The CardName is another no-annual-fee card. This card, though, earns cash back (or, technically points through Chase Travel that can be redeemed for cash back) instead of miles and offers 6.5% cash back on travel purchased through Chase Travel, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; 4.5% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 3% on all other purchases (on up to $20,000 spent in the first year). After your first year or $20,000 spent, enjoy 5% cash back on Chase travel; 3% cash back on drugstore purchases and dining; and unlimited 1.5% cash back on all other purchases. Additionally, it offers 0% intro APR on purchases and balance transfers for the first 15 months (then RegAPR).

Though it's not specifically a travel card, Chase Freedom Unlimited® does come with some travel benefits that are worth mentioning. Most notably: trip cancellation/trip interruption insurance, travel and emergency assistance services, auto rental collision damage waiver, and roadside assistance. It also accumulates rewards as points through Chase Travel, which are among the most sought-after travel rewards currencies out there. It does charge foreign transaction fees though, so if you're looking for a credit card to use internationally, you might be better off with the Discover card.

Discover it® Miles vs. CardName

auto-pdp-btn

discontinued

CardName is a tiered travel rewards card offering: 5x on travel purchased through Chase Travel℠, 3x on dining, select streaming services and online groceries, 2x on all other travel purchases, 1x on all other purchases, $50 Annual Chase Travel Hotel Credit, plus more. It also offers a signup bonus of 60,000 points after you spend $4,000 within the first three months – a bonus that is worth $750 in travel when redeemed through Chase Travel. It does, however, charge a AnnualFees annual fee.

The key with this comparison is to assess where you most often do your spending. Do you spend enough to make Discover’s match offer pay off or are you someone who would rather spend a few thousand dollars within the first couple of months and then reap your reward? Once your “match year” is over with Discover it® Miles, you stand to earn more with CardName if you regularly spend on dining out and travel, but Discover it® Miles is likely a better bet if you find your spending is more varied since you’ll earn 1.5 miles per $1 on all your purchases as opposed to just one mile per $1 on most purchases with the CardName.

One other thing to keep in mind between these cards is that CardName cardholders enjoy 25% more value when they redeem their points via Chase Travel.

Discover it® Miles vs. CardName

auto-pdp-btn

discontinued

If you’re looking for more immediate gratification, you might appreciate the CardName intro bonus offer: enjoy a one-time bonus of 75,000 miles once you spend $4,000 on purchases within three months from account opening, equal to $750 in travel. That said, with Discover it® Miles, if you put all your purchases on the card it’s not hard to see how you could equal or surpass that offer thanks to Discover’s match after the first year.

Similar to Discover it® Miles, you won’t pay foreign transaction fees with CardName, but you will pay a $95 annual fee. You will earn slightly more, two miles per $1 spent with the CardName, but you also have that annual fee to offset.

If you’re looking for simplicity and don’t want to worry about earning enough to offset an annual fee, Discover it® Miles is likely a better choice.

IS THE DISCOVER IT® MILES CARD A GOOD CARD?

CardName is an excellent card for the non-brand-loyal credit card user who values simplicity along with travel flexibility. Do keep in mind, however, that Discover isn’t quite as widely accepted overseas as Visa and MasterCard, so plan for that accordingly. And If you do take CardName with you abroad, you’ll be relieved to not have to face any foreign transaction fees.

Survey Methodology: CardRatings commissioned Op4G in September 2023 to conduct surveys among 1,869 cardholders nationwide. CardRatings website analytics from Jan. 1, 2023-Aug. 31, 2023 were used to determine a selection of the most popular cards and additional cards were included to add survey breadth. Responses to each of nine questions were given on a scale of 1-10 and respondents' scores were then averaged under broad topics. To determine the overall score, responses from questions 1-8 were summed and the answer to "How likely are you to recommend this card to a friend, coworker or family member?" was double weighted. “Current Scores” reflect scores from the most recent survey (2023); "Past Scores" reflect scores from the 2022 survey.