Discover® Business Miles Card

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At a Glance:

  • Issuer: Discover
  • Intro APR: 0%
  • Regular APR: 13.99%
  • APR Type: Variable APR
  • Annual Fee: $0
  • Application Fee: $0
Link to Application

Review:

The Discover® Business Miles Card is designed for account seekers with very good credit who plan to take advantage of the travel reward program. Through the travel reward program, account holders can earn double miles on up to $5,000 in travel and gas purchases and up to one mile for every dollar spent on general purchases. Miles earned with the Discover® Business Miles Card may be redeemed for airfare or reduced airfare on most major U.S.-based airlines with the added benefit of no travel restrictions. These miles can also be redeemed for gift cards from 50 brand name partners. After becoming a card member, account holders are eligible to earn 1,000 Additional Bonus Miles each month a purchase is made with the card for 12 months from the date of activation. Additional Bonus Miles have an earnings cap of 12,000 miles. This business card does not have an annual fee and it has an attractive 0% introductory rate on card purchases for the first twelve months. A 3.99% introductory rate APR applies to the first six months for balance transfers. For business card shoppers who are looking for a credit card with a miles program and average rates, the Discover® Business Miles Card may be the most rewarding.

Rates and Fees:

  • Introductory Rates: The Discover® Business Miles Card has an introductory rate of 0%, which applies to purchases and balance transfers and is effective for up to 12 months.
  • Purchase APR: After 12 months, when the introductory rate ends, the APR for purchases will be 13.99%. This APR is variable.
  • Cash Advance APR: The cash advance APR is 22.99%. Please note that the introductory rate does not apply to cash advances and that the cash advance APR for this particular card is fixed. Please also note that the cash advance fee is 3%, $5 minimum.
  • APR Type: The APR on purchases for this card is variable and the APR on cash advances for this card is fixed. A fixed APR means that it is guaranteed for the life of the credit card and a variable APR means that it could change according to market conditions.
  • Balance Transfer Fee: 3% for each balance transfer made under this offer
  • Annual Fee: The annual fee is $0.
  • Payment Grace Period: The grace period for this credit card is 20 Days. This means you have 20 days to pay for your purchase before interest accrues.
  • Late Payment Fee: The fee for a late payment is $0 on balances up to $100; $39 on balances of $100 and over.
  • Over-The-Limit Fee: The fee for spending over this card's limit is $0 on balances of $1,000 or less; $39 on balances over $1,000.
  • Application Fee: There is no application fee.

Rewards:

  • You will earn Miles for using this card.
  • For every dollar you spend, you will earn 1 mile.
  • What's the expiration policy for miles? none
  • Is there a yearly point limit? none
  • card users will earn 1,000 additional bonus miles each calendar month a purchase is made, for 12 months from the date of account opening, with a cap of 12,000 additional bonus miles.

Card Features and Perks:

  • Full Featured Online account management tools.
  • Access to PurchaseChecks.
  • Fraud and security protection services.
  • Access to quarterly and annual statements.
  • Free additional cards for employees.
  • Details and more benefits and perks can be found at the card's website.