New card rolls out - Discover it Miles

All about Discover & Diners Club - talk about their credit card deals such as the More, Miles, Escape, and others.
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PlyrStar93
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New card rolls out - Discover it Miles

Postby PlyrStar93 » Thu Feb 19, 2015 5:31 pm

https://www.discover.com/credit-cards/miles/

  • 1.5 miles per dollar spent; miles earned in the first year get doubled
  • Miles can be redeemed for travel credit, or cash
  • Credit for in-flight Wi-Fi for up to $30
  • No annual fee

Terms: https://www.discovercard.com/acquisitions/miles/terms.html

This is a "travel credit" card, which is similar to BofA Travel Rewards or Capital One Venture cards; not CSP/Amex MR cards where you can transfer points to travel programs.

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CC Deville
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Postby CC Deville » Thu Feb 19, 2015 9:23 pm

Interesting that they make the cardholder wait until the end of the first year for the bonus of double miles instead of the sign up bonus that most travel cards offer.

It seems decent but one could argue that with the regular "IT" card's standard cash back and rotating 5% categories, that the cash back could outweigh the 1.5 miles on this card. After the first year's double mile bonus, a Citi Double Cash at 2% would beat this (save for the $30 wifi credit) and the CapOne QS would match it-with the added benefit of being a MasterCard or Visa with greater acceptance worldwide.

I believe the Miles "IT" (I still really don't dig that whole it crap) also allows the cardholder to take cash back instead as well.

Overall, pretty lackluster after the first year. I am sure it will work for some but I think an Arrival is a better option (no annual fee, sign up bonus and 10% redemption bonus, MasterCard acceptance). The only downside to Arrival is .5% less on everyday spend but .5% more on dining and travel. I am also not familiar with Barclaycard, but I would imagine one could actually app for Arrival +, get the higher sign up etc and then downgrade the following year to Arrival to avoid the $89 annual fee.

As with anything, YMMV and you need to look at your spending and travel plans to decide which card is right for you.

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CarefulBuilder14
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Postby CarefulBuilder14 » Thu Feb 19, 2015 11:06 pm

I definitely like using my IT, but this doesn't look different enough to justify getting.

On the other hand, if someone wanted a Discover but didn't want to track 5% categories, then this could be quite good - basically 3% in travel statement credits for the first year. I don't think there's a separate signup bonus, but there's also no minimum spending requirement involved.

It would be good for someone with a bunch of no-AF cash back cards for off-category spending. But if someone liked loyalty points-based cards like MR/UR/TY and big bonuses, I could see it as less appealing.
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Postby popamode72 » Fri Feb 20, 2015 1:47 am

I saw the news earlier and I think I'm sticking with my It card for now. They will allow product changes to this card anyway in a few months.
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oldsoldier
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Postby oldsoldier » Fri Feb 20, 2015 10:54 am

I like that they have come up with a no AF travel card (long time waiting) but I can't see any reason to jump on board. My Arrival seems to be fitting all my needs at this time.
BoA Cash Rewards $13,000
Chase Sapphire Preferred $14,000
BoA Better Balance $12,000
Amex Every Day $24,000
Discover It $17,000
NFCU Platinum Visa $25,200
Barclay Arrival WMC $10,000
Cap One QuickSilver WMC $6,200
WF Cash back Visa Sig $11,000
Citi Thank You Premier $11,600

yfan
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Postby yfan » Fri Feb 20, 2015 5:56 pm

I don't have a reason to apply, but I do like the feature that lets you have $30 reimbursed in airline wifi charges. They are going after a specific market with that (people who don't travel a ton but can't do a minute without a connected device), and I think they will have a lot of success.

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Postby Battery111 » Fri Feb 20, 2015 8:06 pm

yfan wrote:I don't have a reason to apply, but I do like the feature that lets you have $30 reimbursed in airline wifi charges. They are going after a specific market with that (people who don't travel a ton but can't do a minute without a connected device), and I think they will have a lot of success.


This at first caught my eye, but for some reason I didn't initially realize it was only $30 per year. That's only a couple flights, so for me it isn't worth it. But I can see what you mean about the occasional traveller.
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Postby luvbullmarkets » Sat Feb 21, 2015 2:20 pm

Any concrete description as to what Discover considers "travel charges"?

Does this include Hotels, Motels, Resorts, Airfare, Trains, Ground Transportation, etc.?

Either way this card will be a third option following Barclaycard Arrival and Cap One Venture.
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CarefulBuilder14
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Postby CarefulBuilder14 » Sat Feb 21, 2015 7:39 pm

luvbullmarkets wrote:Any concrete description as to what Discover considers "travel charges"?

Does this include Hotels, Motels, Resorts, Airfare, Trains, Ground Transportation, etc.?

Either way this card will be a third option following Barclaycard Arrival and Cap One Venture.


"TRAVEL PURCHASES: Starting at 1 Mile, you can redeem for cash as an electronic deposit to your bank account or for a credit for Travel Purchases on your statement made within in last 180 days. Travel Purchases include airline tickets, hotel rooms, car rentals, travel agents, online travel sites and commuter transportation. Redemption may be delayed up to 48 hours if your card is lost or stolen. See Miles Terms and Conditions for details."

I don't think it's like an Arrival, where actual cash back would give a worse value than offsetting a travel purchase. I think it's basically 1.5% cash back with a Wi-Fi credit using the term 'miles' unnecessarily. My concern with the card would basically just be limited acceptance internationally. That's why I'd favor an Arrival when I needed Chip+PIN - though I'd have my regular IT with me, too, in case it came in use.
Love: IHG, Platinum, Sallie Mae, AA Plat, CSP
Like: Discover, ED, BCE, Hyatt, Arrival, Freedom
Might drop: BrooksBros, Prestige (Costco PC?)
Might add: Proper business card, CSR, Ritz, Delta Gold
Letting new accounts cool off since May
Really not sure what I'll add next or when

Battery111
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Postby Battery111 » Sat Feb 21, 2015 7:59 pm

CarefulBuilder14 wrote:"TRAVEL PURCHASES: Starting at 1 Mile, you can redeem for cash as an electronic deposit to your bank account or for a credit for Travel Purchases on your statement made within in last 180 days. Travel Purchases include airline tickets, hotel rooms, car rentals, travel agents, online travel sites and commuter transportation. Redemption may be delayed up to 48 hours if your card is lost or stolen. See Miles Terms and Conditions for details."

I don't think it's like an Arrival, where actual cash back would give a worse value than offsetting a travel purchase. I think it's basically 1.5% cash back with a Wi-Fi credit using the term 'miles' unnecessarily. My concern with the card would basically just be limited acceptance internationally. That's why I'd favor an Arrival when I needed Chip+PIN - though I'd have my regular IT with me, too, in case it came in use.


I really hate when a CC uses the term "miles" when it is really just a cash back scheme related to particular categories. Miles in the traditional sense are applicable to travel within a region and are unrelated to the cost of a particular ticket. Travel points would be a more accurate term. While still misleading, at least it's not apples and oranges.
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