topic Re: Discover Miles in Credit Cards

Discover Miles

Anonymous — Thu, 02 Mar 2017 20:19:04 GMT

Am I missing something? I believe you can apply and get a Discover Miles card and just use it as a 1.5% cash back card. Why not do this instead of using the It card for non-category charges? The It Card is only 1%. This is 1.5%.

Under the redemption it says you can redeem for cash to your bank account as a direct deposit.

What am I missing? Lol. Not sure why Discover would not advertise this as a 1.5% cash card like the CapOne QS. I would much prefer to support Discover than CapOne.

Re: Discover Miles

trant3 — Thu, 02 Mar 2017 20:21:36 GMT

Can you screenshot that? If this is legit I may very well apply for it (I've been on the fence)

Re: Discover Miles

dragontears — Thu, 02 Mar 2017 20:27:53 GMT

The Discover miles card is a cash back card even though they call the earnings "miles". Unlike other pseudo travel cards (venture, boa travel card) the "miles" don't have to be used for travel to get the full 1c value.

Re: Discover Miles

Anonymous — Thu, 02 Mar 2017 20:28:26 GMT

Re: Discover Miles

Anonymous — Thu, 02 Mar 2017 20:29:38 GMT

There you go. I'm on my phone so couldn't post the pic and add text for some reason. Stupid phone.

Re: Discover Miles

Anonymous — Thu, 02 Mar 2017 20:30:14 GMT

It's actually 1.5 cent value no?

Re: Discover Miles

odd_dog — Thu, 02 Mar 2017 20:34:17 GMT

I have this card, and I believe the first year is double "miles" so the 1.5 per dollar is actually 3 for the first year. And yes you can cash out to a checking/savings account no need to "erase" a travel charge...it really is a 1.5 cash card.....

Re: Discover Miles

dragontears — Thu, 02 Mar 2017 20:36:41 GMT

1 "mile" = 1 cent no matter how you redeem it

Re: Discover Miles

austinguy907 — Thu, 02 Mar 2017 20:55:55 GMT

YES YES YES!!!!

$0.03/dollar spent for the 1st year

$0.015/dollar spent after that

It's one of those not so discussed things around here for some reason. It's been coming up more often though as more people with IT dig into the site more while waiting on their CLI's

There are 5 different flavors of Discover.....

Chrome

Miles

NHL

Secured

Each has a different perk to it that's unique to the card.

Re: Discover Miles

dragontears — Thu, 02 Mar 2017 20:57:24 GMT

The NHL is not a separate product, it is just a card design

Re: Discover Miles

austinguy907 — Thu, 02 Mar 2017 21:00:20 GMT

DING... Incorrect....

https://www.discover.com/credit-cards/cash-back/nhl-card.html

Only card they offer with a 10% discount on NHL purchases from NHL.com

Re: Discover Miles

dragontears — Thu, 02 Mar 2017 21:02:00 GMT

Nope, I buy stuff from NHL and any discover card will get you the discount.

Re: Discover Miles

austinguy907 — Thu, 02 Mar 2017 21:07:58 GMT

Well, I see that as well after going to NHL.com and it's right at the top.

BAH!!!! Down at the bottom it has **Must use promo code ITPAYS when checkout to receive discount. That's just sneaky.... I guess that trims it down to 4 flavors.

Re: Discover Miles

happypill — Thu, 02 Mar 2017 21:09:25 GMT

I believe the Discover Miles has been widely discussed as a good card during the first year for the 3% rewards. After the first year, it's not that great. It's obviously inferior to any 2% general spend cards, and there are lots of 1.5% rewards cards out there that are on networks less limiting that Discover.

One other thing to not, if I remember correctly, is that Discover will only approve one new card per year.

Re: Discover Miles

kdm31091 — Thu, 02 Mar 2017 21:12:23 GMT

@happypill wrote:
I believe the Discover Miles has been widely discussed as a good card during the first year for the 3% rewards. After the first year, it's not that great. It's obviously inferior to any 2% general spend cards, and there are lots of 1.5% rewards cards out there that are on networks less limiting that Discover.

One other thing to not, if I remember correctly, is that Discover will only approve one new card per year.

Not only will they only approve one card per year, but you can only have a total of 2 accounts with them.

The Miles is great in year one, and nothing special after that.

Re: Discover Miles

trant3 — Thu, 02 Mar 2017 21:19:06 GMT

@kdm31091 wrote:
@happypill wrote:
I believe the Discover Miles has been widely discussed as a good card during the first year for the 3% rewards. After the first year, it's not that great. It's obviously inferior to any 2% general spend cards, and there are lots of 1.5% rewards cards out there that are on networks less limiting that Discover.

One other thing to not, if I remember correctly, is that Discover will only approve one new card per year.
Not only will they only approve one card per year, but you can only have a total of 2 accounts with them.

The Miles is great in year one, and nothing special after that.

It's a 1.5% cash back card essentially and given the fact that they're prone to grow, this card should be highly sought out

Re: Discover Miles

Anonymous — Thu, 02 Mar 2017 22:06:19 GMT

@trant3 wrote:
@kdm31091 wrote:
@happypill wrote:
I believe the Discover Miles has been widely discussed as a good card during the first year for the 3% rewards. After the first year, it's not that great. It's obviously inferior to any 2% general spend cards, and there are lots of 1.5% rewards cards out there that are on networks less limiting that Discover.

One other thing to not, if I remember correctly, is that Discover will only approve one new card per year.
Not only will they only approve one card per year, but you can only have a total of 2 accounts with them.

The Miles is great in year one, and nothing special after that.
It's a 1.5% cash back card essentially and given the fact that they're prone to grow, this card should be highly sought out

Well, I've just finished my second IT Miles card (well, this officially belonged to my spouse) I'm with KDM, both are S/D, only to be used, if we remember, for airline incidentals up to $30 a year (and in practice we won't remember to do that!)

It really depends on how much you value growing CLs vs higher rewards. As I don't value big CLs at all, a 2% card (or a 1.5UR etc) will beat a 1.5% card. and for foreign transactions, a Cap One QuickSilver is going to have better acceptance.

So it is good for the first year if you have a lot of uncategorized spend, but compare possible gains vs a decent signup bonus on a 1.5-2% card. So "highly sought out" is, IMO, a big overstatement!

Re: Discover Miles

happypill — Thu, 02 Mar 2017 22:38:24 GMT

I know a lot of people have had exceptional growth with their Discover cards, but for whatever reason that hasn't been the case for me. I was initially approved for $800 on myh Discover IT (all my other starting limits have been $5k-$30k), and I've received tiny increases, first up to $1k, then 1.5k, and now it sits at $2.3k.

Not sure why they don't like me, but obviously I barely sqeaked in by initially by their standards and have been in their basket of deplorables ever since. Maybe it's because I only use my card for 5% rewards spend (doubled to 10% in the first year)? In any case, it could be a nice card for people with a lot of non-category spend, and for those that are able to get big limits, rock on. I'd get it for the 3% in the first year, but it's probably not as valuable as a card with a solid initial sign-on bonus of $200 or more.

Re: Discover Miles

Anonymous — Thu, 02 Mar 2017 23:38:54 GMT

I'm such a big fan of Disco and dislike my CapOne QS so very much it makes me want to replace it.

I can't get the DC Card from Citi. They don't like me. Once my EX gets to where my other 2 are they may. So 1.5 isn't bad-especially since it's 3 for he first year and by then I may be able to get the DC card cuz my EX will be clean then. At that point as Lin as you can combine I would combine my 2 card limits.

This to me sounds like a good game plan unless I am missing something.

Re: Discover Miles

austinguy907 — Fri, 03 Mar 2017 00:42:51 GMT

@happypill wrote:
I know a lot of people have had exceptional growth with their Discover cards, but for whatever reason that hasn't been the case for me. I was initially approved for $800 on myh Discover IT (all my other starting limits have been $5k-$30k), and I've received tiny increases, first up to $1k, then 1.5k, and now it sits at $2.3k.

Not sure why they don't like me, but obviously I barely sqeaked in by initially by their standards and have been in their basket of deplorables ever since. Maybe it's because I only use my card for 5% rewards spend (doubled to 10% in the first year)? In any case, it could be a nice card for people with a lot of non-category spend, and for those that are able to get big limits, rock on. I'd get it for the 3% in the first year, but it's probably not as valuable as a card with a solid initial sign-on bonus of $200 or more.

First off congrats on the card approval. Secondly you're over thinking things here. I got mine approved at a measely $4500 when everyone else was 18K-30K at the time. So, lesson learned is they're conservative when it comes to opening limits. Seems to be changing a bit now with a couple of approvals showing around here in the 8K range.

So, you've beenn growing like this?

$800 - opener

$1K - $200 / 25% CLI

$1.5K - $500 / 50% CLI

$2.3K - $800 / ~60% CLI

So, what you're seeing if you look at the numbers is that the strings on the purse are loosening with time. Realistically if you got an $800 card with Cap1 or Chase you'd be there a whole lot longer than a couple of years. Just keep up the hard work with them and it will POP eventually to the thousands in CLI. Keep improving your files and show Disco you love them by playing hard to get a little bit. It doesn't take spend per se with Disco to get them to move. It just needs to be active. I spent less than $5K last year and collected $29K in CLI's from them in return. That's almost 600% spend vs CLI.