There’s a new kid on the block who wants your business in
your everyday spend. The Discover IT Miles card is offering 1.5 points per
dollar spent, plus a one-time end of the year match of all points earned during
your previous year.
This effectively makes this card earn 3X on all your spending.
All of this with no annual fee. I like this card so much that I applied for it.
This has a potentially huge return in the first year. If you spend $33,333 in
your first year with this card, you will earn back $1000 at the end of the
year. Not a bad return, and not a bad start towards your next vacation.
Discover Card Caveats
The two biggest caveats I have about Discover cards are:
- Oftentimes not accepted
- High interest rate for rollover balances
Besides these two caveats, I think that this card is a great
opportunity to earn some rewards with your every day spend. Discover also
provides the opportunity to increase your award by redeeming for merchant gift
cards instead of statement credits. Finally, another advantage with applying for
this card is that you will then gain access to the Discover shopping portal.
For shopping portals, I usually check Chase Ultimate Rewards first. But I also
find that Discover can provide some nice shopping portal rewards opportunities
that you may not find on Chase UR, such as Kohl’s. They are no longer listed in
the Chase UR portal, but provide a 5% reward from the Discover portal.
In short, you will not go wrong in making this card your primary for
every day spending.
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