The Discover it Miles Card offers unlimited 1.5x miles per dollar on all purchases. For the first year you have the card, it offers double that–3x miles per dollar on all purchases.

Miles earned on the Discover it Miles Card are worth a penny each toward any flight with no blackouts or toward a deposit in your bank account, so for the first year the card basically offers 3% cash back on all purchases.

 

That is the best return on your purchases of any card on the market.

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Here are some quick facts about the Discover it Miles Card:

  • Sign Up Bonus: none
  • Annual Fee: none
  • Return on Spending: 3 miles per dollar for first year, 1.5 miles per dollar after that
  • Miles are worth 1 cent each toward any flight or toward depositing them into an account you designate
  • Up to $30 spent on inflight wifi per cardmember year is credited back to your account
  • Free access to your real FICO credit score

Sign Up Bonus

The Discover it Miles Card offers no bonus miles for signing up.

Rewards for Spending

The Discover it Miles Card offers 1.5 miles per dollar on all spending with no cap on miles you can earn. During the first 12 months you have the card, that is doubled. You earn 3 miles per dollar on all spending with no cap.

Redeeming the Miles

Here are the terms and conditions for mileage redemptions. From the terms:

Visit Discover.com or call 1-800-347-3085 24 hours a day/7 days a week and choose how to redeem your Miles.

One of the options is “you can redeem for cash as a electronic deposit to your bank account.” That means for every dollar in purchases on the card in the first year, you can later deposit three cents back into your bank account.

For the first year, the card is a 3% cash back card. For future years, it is a 1.5% cash back card.

Using the word “miles” obfuscates that fact, but the terms make it very clear.

Annual Fee

The Discover it Miles Card has no annual fee ever. There’s certainly no other card with no annual fee that offers anywhere close to 3% back on purchases. There’s not even a card with an annual fee that offers anything like that on all purchases.

Other Benefits

The first $30 you spend on inflight wifi during your cardmember year will be credited back to your statement.

When you use your Discover it Miles card to purchase wireless internet access on an aircraft, we will issue a statement credit in the amount of that purchase in U.S. dollars within seven (7) business days, up to a maximum of $30 each Anniversary Year. An Anniversary Year consists of 12 consecutive months following your account open date, and each subsequent 12-month period thereafter. You will lose any unused Wi-Fi credit at the end of each Anniversary Year.

The Discover it Miles Card entitles cardholders to a free real FICO score.

Bottom Line

Because you can redeem 1 mile for 1 cent in your bank account, the Discover it Miles Card can be thought of as a cash back card that offers 3% back on all purchases–with no cap–for the first year.

For a card with no annual fee and $30 in free inflight wifi per year, that’s an unbeatable deal!

Application Link: Discover it Miles Card