Discover it Miles Credit Card Review (2019.9 Update: $50 bonus for adding AU [TARGETED])

Discover it Miles Credit Card Review (2019.9 Update: $50 bonus for adding AU [TARGETED])

physixfan      2019-09-29     2019-09-29 2019.9 Update: Discover has sent out a promotional offer where you receive a $50 statement credit for adding an authorized user and spending $3k on the authorized user card by December 31, 2019. I received this offer on my Discover IT card that is in the first year and receiving 3% back on all purchases, so an extra $50 bonus equates to a 4.6% return on the $3k spend. The subject line for the email is “$50 cash back – don’t miss out.”2019.7 Update: The sign-up bonus and referral bonus are both $100 now (previously $50).Application LinkBenefits$100 offer: earn $100 statement credit after making one purchase within 3 months.Earn 1.5 Miles per $1 spent on all purchases. 1 Mile worth 1 cent if you redeem for travel statement credit. So it’s equivalent to 1.5% cash back on everything.Double all Miles you’ve earned at the end of your first year, including Discover Deals. In other words, this card is 3% cash back on everything for the first year. Starting from 2018, the sign-up bonus and referral bonus will be granted as statement credit instead of cash back, so the they will not be doubled.$30 credit for in-flight Wi-Fi purchases each year.There are some pretty good discounts if you shop online through Discover Deals, such as 5% cash back at Apple Store. [Expired]Refer a friend: You can earn $100 for every approved account you refer, up to a maximum of $500 per calendar year. The sign-up bonus from these referral links is $100.No foreign transaction fee.No annual fee.DisadvantagesThis is a Discover card, which is not as widely accepted as Visa or MasterCard.The reward point is called “mile”, but don’t be fooled, it cannot be transferred to any airlines mile; instead, the “mile” can only be used to redeem for travel statement credit at 1 cent/point.Recommended Application TimeYou must wait for a year before apply for a second Discover card.You can only have at most 2 Discover credit cards.We recommend you apply when you have a credit history of one year.SummaryDiscover it Miles is very useful in the first year because of the 3% cash back on everything. Besides, cash back earned from Discover Deals is also doubled makes this card even better in the first year. However, after the first year, 1.5% cash back on everything is not impressive compared to Citi Double Cash (DC) which earns 2% cash back everywhere with no annual fee. On the other hand, some credit cards offer more than $500 sign-up bonus (see Top Credit Card Sign-Up Bonus), which makes Discover it Miles not as valuable in the first year as them if you do not have a lot of spending.Historical Offers ChartApplication Link Share this post with friendsIf you like this post, don’t forget to give it a 5 star rating! [Total: 2    Average: 5/5] Related

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