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Miles by Discover

Credit Cards » Credit Card Rewards Survey » Miles by Discover

Bankrate's 2013 Credit Card Cash-Back Rewards Survey included Miles by Discover. With Miles by Discover, rewards can be redeemed via direct deposit or statement credit.

Miles by Discover

Annual fee$0
Intro bonus12,000 Bonus Miles: 1,000 each month you make a purchase in your first 12 months.
Reward formulaGet double miles on your first $3,000 in travel and restaurant purchases each year, plus 1 mile for every $1 you spend on all other purchases.
Cash-back ratio*1% (2% on first $3,000 in annual travel and dining)
Expiration period on rewardsNone
Intro purchase APR0%
Intro purchase APR length6 months
APR10.99%-22.99%
Notes:
  • Redeem for a direct deposit into a bank account or statement credit for 10,000 miles = $100.

*The cash-back ratio lists the rate or rate of returns offered on transactions.

Bankrate.com examined 54 cash-back cards from 21 of the largest issuers. The survey was conducted April 8-18, 2013. Rewards are subject to change. Check with the institution for the latest information.

 

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Editorial Disclaimer: The editorial content is not provided or commissioned by the credit card issuers. Opinions expressed here are author’s alone, not those of the credit card issuers, and have not been reviewed, approved or otherwise endorsed by the credit card issuers.

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