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Discover has entered the crowded travel rewards credit card space with the introduction of their new Discover it® Miles credit card. It will not only offer travel perks, but cardholders will be able to determine their own sign-up bonus. At the end of the first year Discover will double the amount of miles earned.
Cardholders will earn 1.5 miles on all purchases and there is no cap on how many miles they can earn. Miles never expire and there is no annual fee for this card. Miles can be redeemed for a statement credit or cash, as well as being used for travel-related expenses, including hotel rooms, airline tickets, taxi rides, commuter transportation and car rentals.
Travel on Discover
To use rewards for a flight, cardholders pay for it using their Discover it® Miles card. After booking, the cardholder requests a statement credit. This allows a person to use their rewards to fly on any airline they want without having to deal with blackout dates or finding available award seats.
There are no foreign transaction fees when using the card overseas, and if the card gets lost they will ship it overnight within the U.S.
Other benefits included with card membership are:
- Account management via Smartphones
- 24/7 access to customer service representatives
- Free FICO credit cores online and on monthly statements
- Cardholders can make payments online or by phone up to midnight of the due date
- $0 fraud liability guarantee
"Our rewards are easy to understand and simple to earn," said Julie Loeger, senior vice president of brand and acquisition. "If someone loves traveling, and especially wants the freedom to choose any means of travel at any time, and the ability to rack up miles through everyday purchases, the Miles card provides that and so much more."
Discover Financial Services was founded in 1986, and is a direct banking and payment services company. They issue Discover cards, but also provide customers with access to additional products through their direct banking services including: home loans, checking and savings accounts, private student loans, personal loans, certificates of deposit and money market accounts.