Disclaimer: This content is not provided or commissioned by the credit card issuer. Opinions expressed here are author's alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. This content was accurate at the time of this post, but card terms and conditions may change at any time. This site may be compensated through the credit card issuer Affiliate Program.

People are Stockpiling Miles with this Clever Shortcut

Best-in-class rewards program or no annual fee. When picking a travel rewards card, you’ve always had to choose.

At the high end of the rewards spectrum, you have cards like the Capital One Venture or Chase Sapphire Preferred. Both cards offer a generous 2 miles per dollar rewards program, but also charge annual fees between $50 and $95/year. If you wanted to avoid paying a fee, you had to settle for only 1.25 miles with cards such as the Capital One Venture Rewards.

When the Discover it® Miles card launched claiming to break the mold by offering both best-in-class rewards and no annual fee, we were eager to sit down and review it.

In the end, we were impressed enough that the Discover it® Miles became our new Editor’s Choice in the Travel Rewards Category.

Discover it® Miles

Incredible 3 Miles Per Dollar Reward Rate During First Year

What We Liked

No Annual Fee + 3x Miles Rewards + No Category Restrictions You’ll earn an unlimited 1.5 miles on every dollar of purchases you make with the Discover it® Miles. Even better, at the end of the first year, you’ll receive an additional 100% bonus on every mile earned. So, during the entire first year, you’ll be earning an unlimited 3X miles on every dollar you spend, in every category.

Beyond the incredibly high reward rate for a no-fee card, we liked the card’s simplicity. You don’t have to remember to activate any bonus categories, and the card has no rewards limits or restrictions. You simply use the card normally, and Discover automatically pays 1.5 miles with the same 100% year-end bonus.

Like any good travel card, you’ll be able to travel with peace of mind; the Discover it Miles charges no foreign transaction fees. So: no annual fee, and no foreign transaction fee.

Additional benefits include a 0% APR introductory interest rate during the first 14 months you have the card, and a free FICO Credit Score that you can access either on your monthly statement or by logging in to your account online.

Less Appropriate For: Those who spend more than $4,000 per month on their cards. At that spend rate, it makes sense to pay an annual fee. Big spenders should look into the big bonus and high annual rewards rate of the Capital One Venture Rewards card.

Most Appropriate For: Anyone looking for a simple, no-fee way to stockpile miles for an entire year.

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Disclaimer: This content is not provided or commissioned by the credit card issuer. Opinions expressed here are author's alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. This content was accurate at the time of this post, but card terms and conditions may change at any time. This site may be compensated through the credit card issuer Affiliate Program.