Miles by Discover Card Review

Discover the freedom of redeeming your rewards with the Miles credit card.

If you are one of those who loves traveling, and furthermore, spend and shop while doing that, then the Miles by Discover Card is actually a great card for you. The Discover Miles credit card has a lot of options and services and benefits to offer to people who are living virtually in their suitcases. The most exciting propositions look to be well studied and researched so as to understand the psyche of the people who love to shop while they travel for business or leisure.

Let us have a take on the key features of the Miles by Discover Card are as follows:

The Annual Percentage Rate ("APR") for Purchases is 0% until the last day of the billing period ending during September 2008; then the standard APR, an estimated rate between 10.99% and 18.99%. The other APRs Balance Transfers: 0% until the last day of the billing period ending during September 2008; thereafter the standard APR for purchases. The Default Rate is Up to 28.99. The Cash Advances can go up to a decent level of 20.99% or 22.99%. The grace period for Repayment of the Balance of Purchases is at least 25 days when you pay your balance in full each month. The Method of Computing the Balance for Purchases is the Average Daily Balance (including new purchases). There is no annual fee and the minimum Finance Charge accounts up to $.50.

In the case of you are late making a payment, your APRs may be increased to the Default Rate. Your Default Rates are determined based on factors such as your current purchase APR We apply payments and credits to balances with low introductory/special APRs (such as special balance transfer and purchase APRs) prior to balances with standard APRs. Therefore, your savings will be reduced by making additional transactions or having balances that are subject to standard APRs. In addition, the length of time the introductory/special APRs will apply to your account may be reduced by the amount of your payments.

The card also enables you to earn unlimited rewards on all purchases. Earn 2 Miles for each dollar you spend on your first $3,000 in annual travel and restaurant purchases. In addition, earn 1 Mile for each dollar you spend on all other purchases, including combined annual travel and restaurant purchases in excess of $3,000. Travel purchases are those made on airline tickets, hotel rooms, car rentals, cruises, tour operators and vacation packages purchased through travel agents, including online purchases. Restaurant purchases are those made at merchants classified as full-service restaurants, cafes, cafeterias and fast food locations. Full terms and conditions, including redemption information, will be sent with your Card.

You can also earn, 1,000 Bonus Miles each calendar month you make a purchase for 12 months from the date your account is opened, with a cap of 12,000 Bonus Miles. Bonus Miles will be applied within 8 weeks. We are not responsible for merchant delays in processing transactions. This promotional offer is in addition to the Standard Miles earned on purchases. Promotional Miles will be applied within 8 weeks. With a fully loaded, and a service oriented credit card, you can make sure that your travel miles are going to be fun!

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