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Yes. The miles earned with the Discover it® Miles can be redeemed for hotel stays, as well as airfare, car rentals, commuter transportation or cash. Whichever way you choose, the redemption ratio is 1 mile = 1 penny. When you redeem for travel statement credits, you will have 180 days. You can start redeeming when you see the transaction on your account. Redemptions start at 1 mile. If you do not have enough miles to cover the full cost of the purchase, you can redeem towards a part of it.