NEW: Discover it Miles Credit Card

[mikelo22]

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@yfan wrote:

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@Anonymous wrote:

Why would I pay for travel from Bank account when I can do it from a good Travel card and use rewards from Discover direct deposited into my bank to pay for that bill?

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Uhh, what? The specific point being addressed is whether the cashback from the It and the Miles can be merged. They can.

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Which I'll admit is much more enticing and gives the card greater value. 

Still, I must admit my bias. I'm more partial to rewards points (UR, MR, etc) over redemption-based travel cards. I enjoy the thrill of finding good deals with points. It's a hobby/obession of mine.

[Anonymous]

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@yfan wrote:

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@Anonymous wrote:

Why would I pay for travel from Bank account when I can do it from a good Travel card and use rewards from Discover direct deposited into my bank to pay for that bill?

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Uhh, what? The specific point being addressed is whether the cashback from the It and the Miles can be merged. They can.

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You said pay for travel from bank account in other post.

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@yfan wrote:

But you are still doing that with cashback. You take your cashback. Move it to a bank account. Then pay for your travel from that bank account.

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And give up consumer protection and double dip rewards? No way.

[yfan]

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@Anonymous wrote:

And give up consumer protection and double dip rewards? No way.

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Oh good god. I'm not saying pay for the travel from your checking account directly. I mean pay it with the Discover Miles card, and they pay the card with your bank account. Clearer?

[Anonymous]

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@yfan wrote:

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@Anonymous wrote:

And give up consumer protection and double dip rewards? No way.

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Oh good god. I'm not saying pay for the travel from your checking account directly. I mean pay it with the Discover Miles card, and they pay the card with your bank account. Clearer?

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Much.

[yfan]

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@mikelo22 wrote:

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@yfan wrote:

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@Anonymous wrote:

Why would I pay for travel from Bank account when I can do it from a good Travel card and use rewards from Discover direct deposited into my bank to pay for that bill?

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Uhh, what? The specific point being addressed is whether the cashback from the It and the Miles can be merged. They can.

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Which I'll admit is much more enticing and gives the card greater value. 

Still, I must admit my bias. I'm more partial to rewards points (UR, MR, etc) over redemption-based travel cards. I enjoy the thrill of finding good deals with points. It's a hobby/obession of mine.

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Ya don't say!

[skigirl916]

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@B335is wrote:
You'd need to put at least $30k spend on this thing to beat Arrival+ for the first year.

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Yup. Or Venture, really.

They trick you with this whol 1.5 and double thing, when when it comes down to brass tacks, this card doesn't offer much.

[Strogen]

I want to apply, but I just know they wont approve me. 700's across the board, 20-40 inqs on each CB and many new accounts. 

But perfect payment history and no derogs and been with discover since 2012. 

[yfan]

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@Strogen wrote:

I want to apply, but I just know they wont approve me. 700's across the board, 20-40 inqs on each CB and many new accounts. 

But perfect payment history and no derogs and been with discover since 2012. 

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Lay low. This card isn't going anywhere. Apply when some of the inquiries fall off.

[grinlikechelsea]

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@Strogen wrote:

I want to apply, but I just know they wont approve me. 700's across the board, 20-40 inqs on each CB and many new accounts. 

But perfect payment history and no derogs and been with discover since 2012. 

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It seems like they're being extremely strict with approvals right now. I would wait until they relax a bit.

[skigirl916]

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@kdm31091 wrote:

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@Anonymous wrote:

It may be a bonus but imho its a very weak one.  By the time you spend enough to equal the bonus on a CSP for example, you could get 3 more cards with similar spend requirements and get a LOT more out of them

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It's a weak one for someone like you who ostensibly travels constantly, has a large income, and large spending patterns.

It's not so weak for someone who would not normally spend enough to achieve the CSP bonus. I'll take what I can get.

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I don't consider myself a high spender or someone who travels constantly. I just consider myself someone who wants to rack up the MOST amount of points/rewards for my spending. And Discover ain't it.

I mean, $3K in 90 days is all it takes for the big three travel cards bonuses to hit, I believe.  You telling me you don't spend $1000/month on ALL OF YOUR EXPENSES combined? Really?

I hit bonuses on 4 cards just during the last quarter of 2014.