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Best Credit Card

Discover it® Miles

WHY WE CHOSE THIS CARD

Despite its branding, Discover it Miles essentially functions as a cash-back card with superb flexibility. You’ll earn 1.5 miles for every dollar you spend and can redeem those miles for statement credits on prior travel purchases or as cash back directly deposited in your bank account. (Miles are always worth 1 cent each.) You can even use them right at checkout on Amazon.com. What’s more, this card offers 0% APR on purchases for 14 months, and Discover will match all rewards earned your first year as a cardholder. This bonus is worth about $365, based on average U.S. household spending.

Pros

  • No annual fee
  • Miles can be redeemed as travel statement credits or cash back
  • Generous, unconventional bonus doubles your first year earnings
  • Competitive 0% purchase APR offer

Cons

  • Miles can’t be transferred to airline loyalty programs
  • No travel insurance benefits
  • Card acceptance may vary compared to Visa or Mastercard

HIGHLIGHTS

  • Earn unlimited 1.5 Miles for every dollar spent on all purchases.
  • Only Discover automatically matches all the Miles you’ve earned at the end of your first year.
  • Use your card to pay for airfare, hotels, rideshares, and more with no blackout dates. Then easily redeem miles as a statement credit for travel or get cash.
  • No annual fee.

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