What is the different benefits between Discover it... - Travel with Credit Cards Questions


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Credit Card Applications » Questions » User Questions » Travel with Credit Cards » What is the different benefits between Discover it Miles and Bank of America Travel...

What is the different benefits between Discover it Miles and Bank of America Travel Rewards Credit in terms of Rewards Rate? Discover it Miles offers Unlimited 1.5x Miles per dollar on all purchases; on the other hand, Bank of America Travel Rewards Credit offers Earn 1.5 points per $1 spent on purchases. How to compare between miles and points redemption? Which one is better to pick for rewards rate?

Answered on | Updated on June 22nd, 2018
The content is accurate at the time of publication and is subject to change.

Both cards give equal earning potential: 1.5 miles/points per dollar spent on all purchases. However, they are different in the way you redeem rewards and its value. The Discover it® Miles allows to redeem for travel statement credit or as cash deposited to your bank account. The redemption ratio is always the same regardless of the redemption option you choose: 1 mile = 1 penny. Another good thing about redemption is that you can use earned miles starting at 1 mile! Most issuers require a minimum of miles for each type of redemption.

As for the Bank of America Travel Rewards credit card, it will allow you to redeem earned points for travel credits, cash rewards or gift cards. To redeem for a travel credit or cash reward, you should accumulate at least 2,500 first. Each point redeemed for a travel credit is worth $0.01 (2,500 points = $25). Each point redeemed for cash is worth $0.006 (2,500 points = $15). The redemption value for gift cards vary but redemptions usually start at 3,125 points.

As you can see, Discover gives more freedom and does not devalue earned miles when redeeming for cash. So if you are planning to redeem for cash and do not like waiting, Discover it® Miles card is the best choice.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
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Earn 10,000 American Airlines AAdvantage® bonus miles and receive a $50 statement credit after making $500 in purchases within the first 3 months of account opening*
Excellent/Good Credit
Earn 50,000 American Airlines AAdvantage® bonus miles after spending $5,000 in purchases within the first 3 months of account opening
Excellent Credit
Earn 15,000 bonus points after you spend $1,000 in purchases with your card within 3 months of account opening; redeemable for $150 in gift cards at thankyou.com
Excellent, Good Credit

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