Discover it® Miles Review – Unlimited 1.5x Miles w/ BIG Bonus

Discover it<sup>®</sup> MilesThe Discover it® Miles credit card offers a miles based rewards program that gives you double all the Miles you’ve earned at the end of your first year. It sports no annual fee and unlimited 1.5X miles on every dollar you spend. Need Wi-Fi on the plane but don’t want to pay a crazy amount in fees? Discover has got you covered. It will pay you back for your in-flight Wi-Fi fees up to $30 a year with an automatic statement credit. Now you can also redeem miles in any amount toward travel purchases on your statement or even get cash as a direct deposit to your bank account with every 100 miles.

Discover it® Miles Snapshot

  • Unlimited 1.5x rewards on every purchase, every day. For every $1 you spend, you earn 1.5x Miles.
  • Get a mile-for-mile match of all the rewards you’ve earned at the end of your first year, automatically.
  • Redeem your rewards in any amount for cash or a travel credit. You’ll always get $1 for every 100 Miles you’ve earned.
  • Get your FICO® Credit Score for free on monthly statements, on mobile and online.
  • 100% U.S. based customer service. Talk to a real person any time.
  • No Annual Fee.

Rewards Program

The Discover it® Miles card offers a simple and lucrative rewards program. With the card you earn unlimited 1.5X miles on every dollar spent on purchases. You can redeem miles for a statement credit toward travel purchases. Travel Purchases include airline tickets, hotel rooms, car rentals, travel agents, online travel sites and commuter transportation.

Alternatively, you can have the rewards transferred to your bank account. Every 100 miles equals $1 in value. Discover Match® is also currently offering double the miles you’ve earned at the end of the first year of your account being opened.

0% Introductory Rate

The card offers a 0% introductory rate on purchases for a period of 14 months. The intro balance transfer APR is 10.99% for 14 months

Other Perks

The Discover it® Miles card offers several additional benefits:

  • No Blackout dates, any airline, any time: Redeem Miles in any amount to credit travel purchases from your statement, or get cash at any time
  • Freeze It on/off switch for your account.: Misplaced your card? Now if you lose your card, you can Freeze ItSM to prevent new purchases, cash advances or balance transfers on your account. Freeze or unfreeze in seconds with our mobile app or website
  • Service and security built around you: Discovers 100% U.S. live service is available any time you call. Or rely on powerful, fast mobile and online service. Discover ships replacement cards overnight for free to any U.S. street address at your request—even on vacation. And Discover will never hold you responsible for unauthorized purchases on your Discover card.
  • Track your recent FICO® Credit Scores for free: Stay on top of your credit and avoid surprises. Now you can see your recent FICO® Credit Scores in one easy-to-read chart on monthly statements and online. Plus see the key factors online from your credit history that affect your score the most.

More information on the Discover it® Miles


Barclaycard Ring™ MasterCard® Review – No Balance Transfer Fee

barclay ringThe very first balance transfer I made was while I was a student at the University of Miami.  Initially, I had signed up for a terrific student credit card (with a 29.99% interest rate) because someone was handing out a free duffel bag to everyone that signed up for the Capital One student card.  Have you ever heard of anything so awesome?  Ugh.

Anyway, after racking up around $2,000 in credit card debt, I soon realized that my work study student job could only cover part of the balance. I’d be on the hook for the rest, in addition to paying an additional 30% in interest.  For the mathematics major I was, that just didn’t work so I also applied for a Citi Platinum Select Mastercard so I could transfer the balance and save some money.  The details of the transfer weren’t great; 3% fee and 12 months at 0% interest, but it allowed me a chance to pay down my debt to zero, so for that I’m grateful.

Crushing that old balance transfer offer is the Barclaycard Ring™ MasterCard®.  Rarely is an offer so lucrative, this card offers a 0% intro APR for 15 months on balance transfers made within 45 days of account opening with NO BALANCE TRANSFER FEE.  No annual fees or foreign transaction fees to speak of either.  So for anyone in need of a balance transfer, this card is a great way to pay down debt without adding a single penny to your balance.  The interest rate after the 0% intro rate expires is a very low 13.74% variable.

To give you an idea of just how much money can be saved by owning the Barclaycard Ring™ MasterCard®, let’s assume a $15,000 balance in need of a transfer from another card that has a 19.99% APR.  Making $1,000 per month payments, you’ll have the full $1,5000 balance paid off if you utilize the 15 month 0% APR option w/ no balance transfer fee.  However, on your old credit card, making the $1,000 per month payments, you’ll end up paying $2,387 in interest! (and it will take 18 months to pay the balance down to zero).  There aren’t many credit cards on the market today that can offer up a savings this high, and consider the larger the balance transferred, the higher the possible savings.

Barclaycard Ring™ MasterCard® Perks

A full review of perks on the Barclaycard Ring™ MasterCard® can be found below:

  • 0% Introductory APR for the first 15 months on purchases. Plus, you’ll get a 0% introductory APR for 15 months on Balance Transfers made within 45 days of account opening. After that, a variable APR will apply, 13.74%
  • No balance transfer fees
  • No foreign transaction fees
  • Chip technology, so paying for your purchases is more secure at chip-card terminals in the U.S. and abroad
  • Free online access to FICO® Credit Score

The Barclaycard Ring™ MasterCard® is one of the best balance transfer cards on the market today and one of only two balance transfer credit cards that can provide no balance transfer fee.  Sure, you can find a few more months of 0% interest elsewhere but when you combine 15 months of 0% APR, no balance transfer fee and a free FICO credit score, I can honestly say you won’t find a better overall option.