New Discover Miles Card!!!!!!!!!!!!!!!!!! New Discover Cards (11/6/03) FULL STORY: The credit card rewards battle is heating up as Discover launches two new reward cards into the marketplace. Discover says its new "Gasoline Card" and "Miles Card" are forerunners of a series of new reward cards planned for the U.S. market. The "Gasoline Card" earns cardholders up to a 5% "Cashback Bonus" award on their gas purchases and up to 1% on their other purchases. Then, cardholders have the opportunity to increase their entire award, up to 10%, by exchanging their award for certificates from 25 "Cashback Bonus Partners." The "Gasoline Card" is the first card to be launched in the new series of "Discover Platinum Cashback Bonus Plus Cards," offering rewards up to 10%. The new "Miles Card" awards cardholders one mile for every dollar they spend. This new product allows cardholders to redeem their miles for travel on any major domestic airline with no restrictive blackout dates. In addition to redeeming miles for travel, redemption begins with as little as 2,500 miles for other reward options including hotel stays, car rentals, vacation packages, brand-name merchandise, and gift certificates as well as cash rewards. For more information: http://www.discovercard.com. Get a 0% Introductory APR* You can take advantage of a 0% introductory APR on all balance transfers for 12 months. Plus, Earn Up to 5,000 Bonus Miles with your First Transaction* You can earn Bonus Miles in two ways: * Earn 1,000 Bonus Miles when you make your first transaction * Earn 1 Bonus Mile for every $1 on your first balance transfer (up to 4,000 Miles) Rewards that Fit Any Travel Plans Redeem your Miles for tickets on any airlineâ??there are no blackout datesâ??or for brand-name merchandise, retail and dining certificates, hotel stays, car rentals, travel packages or cash. It's easy to redeem your Miles online or by phone. Ron.
Annual Percentage Rate (APR) For Purchases The standard APR, 13.99% or 15.99% * Other APRs Balance Transfers: 0.00% until the last day of the billing period ending during December 2004;** thereafter the standard APR for purchases Default Rate: 19.99% or 24.99%** Cash Advances: 20.99% or 22.99% Variable Rate Information Your standard APR for purchases may vary and is determined monthly by adding 9.99% or 11.99% to the Prime Rate. â? Grace Period for Repayment of the Balance of Purchases At least 25 days when you pay your balance in full each month Method of Computing the Balance for Purchases Two-cycle Average Daily Balance (including new purchases) Annual Fee: $29 Minimum Finance Charge: $0.50 CASH ADVANCE TRANSACTION FEE: 3% for each cash advance, with a minimum of $5 and no maximum. LATE FEE: $15 on balances up to $100; $25 on balances of $100 up to $1,000; $35 on balances of $1,000 and greater. OVERLIMIT FEE: $15 on balances $1,000 or less; $35 on balances greater than $1,000. *You agree that if your application for the Discover Card with a minimum credit limit of $5,000 is not approved, your application will also constitute your request for a Discover Card with the higher APRs shown above and a lower credit limit. **Default Rate: If you are late making a payment, any introductory/special rates terminate and the standard purchase APR will apply to purchases and balance transfers. If you fail twice to make a required payment or if you exceed your Account credit limit twice, your purchase APR will be 19.99%. If you fail three times to make a required payment or if you exceed your Account credit limit three times, your purchase APR and cash advance APR will be 24.99%. See Cardmember Agreement for details. â? Prime Rate: The Prime Rate is the highest rate of interest listed as the "Prime Rate" in the money rates section of The Wall Street Journal on the last business day of the month. Your APR will increase or decrease when the Prime Rate changes. Introductory/Special APRs: If you are approved for an Account, you will be able to make balance transfers under this offer until March 1, 2004. If you request a balance transfer after this date, or, we do not receive all required information for the balance transfer request, we will not make the balance transfer requested. * You should not rely on a balance transfer to be made by any particular date. Although most balance transfers will be made sooner, it could take up to 4 weeks before payment of your other account is made. Accordingly, you should continue to make all required payments until you confirm that the balance transfer was made. * Balance transfers may not exceed your available credit. * Balance transfers may not be used to pay any Discover Accounts. * Except as provided under the terms of this special Bonus Miles offer, balance transfers do not earn Miles. * Balance transfer requests will be processed from the lowest to the highest dollar amount. If a balance transfer request is more than your available Account credit limit, we will automatically lower the balance transfer amount to your available credit and complete the transfer. * We will not close your other account(s), even if you transfer the entire balance. If you want to close another account, you should contact the issuer directly. * Transfer of a balance which contains disputed purchases or other charges may cause you to lose your dispute rights with regard to these purchases or other charges. * There is no grace period on balance transfers. * This special rate will terminate if you are late making a payment or your Account is overlimit as discussed in the Default Rate section above and in the Cardmember Agreement. link: http://www.discovercard.com/discover/data/miles/ Rewards Option: http://www.discovercard.com/discover/data/miles/reward_options.shtml Ron.
it's about time they did something different, their cashback is almost a joke. but "up-to" 5% on gas? it would take a heck of a promo to pull me away from the 5% flat gas rebates that chase gives...
I just called Discover Application center whether you can trade your cash back Discover/Titanium Card/Gold Card into Miles Card. The answer is "NO" and " YOU NEED TO APPLY FOR ONE!!!!!!!!!!!" ron.
Discover Miles Card 14,400 Miles = $100 Toys R Us Gift Card 14,400 Miles = $100 Gift Card for The HomeDepot® What a joke! 0.7% effective rewards for a gift card, not even cash. I fear the travel rewards are just as lousy.
What does "up to 5%" mean? Is this the same dinky tier structure as the cash-back card, starting at .25%? Chase Perfectcard gives a straight 3% on all gas, and I have a hard time thinking that Discover's gas card can equal this, much less equal 5%.
Re: New Discover Miles Card!!!!!!!!!!!!!!!!!! Looks like a good card, today I received a pre-approved offer for this card, it's "The Miles Card" from Discover. =) Still dunnoo if I should mail it back...to affraid to be denied LOL.
Re: New Discover Miles Card!!!!!!!!!!!!!!!!!! I GET 1-2 MILES PER $1.00 ON UNITED VISA AND AMEX DELTA!!! NO 0.0025 DEALS!!!!!! AND DISCOVERCARD thinks WAL*MART/SAMS you would never exceed 0.0025 EVEN IF YOU SPEND $30,000 PER YEAR AT WAL*MART AND SAMS!!! NEVER THE 1.00% DEAL
Re: New Discover Miles Card!!!!!!!!!!!!!!!!!! DISCOVERCARD is only used for BT at this present time...
Re: New Discover Miles Card!!!!!!!! I read the article carefully this morning and I think they have gasoline Discover Card that give you 5% rebate. I wonder how it works. Ron.
Re: New Discover Miles Card!!!!!!!! I just called Discover Application about Discover Gasoline Card. Here it is: Discover Gasoline Card: Earn 5% Cash Back Bonus for the first $1500. Earn 3% Cash Back Bonus next $1500 to $3000 Earn 1% Cash Back Bonus over $3000. By the way, you have to buy major brand gasoline like Shell, Mobil, Exxon. No off-branded gasoline. Annual fee: None APR for purchases: 13.99% for Platinum and 15.99% for Classic APR for Cash Advances: 20.99% for Platinum and 22.99% for Classic. Balance Transfer: 0% until October 2004. By the way, there is no webistes application until January of next year and you have to call 1-800- DISCOVER to apply. Ron.
Re: New Discover Miles Card!!!!!!!! revised: Earn 5% cash back for gasoline purchases up to $1500 annually Earn 3% Cash back for gasoline purchases from $1500 to $3000 annually Earn 1% Cash back for gasoline purchases from $3000 to $25,000 annually. Ron.
Re: New Discover Miles Card!!!!!!!! I just apply over the phone and she told me to take 2-3 weeks to process the application. Ron.
Re: New Discover Miles Card!!!!!!!! I applied for Discover Gasoline Platnium Card over the phone this morning . I logged on the experian.com to check my credit report and I found out that they have already made a hard inquiry over there. I hope that they will approve me. Wish me luck!!! Ron.
Re: New Discover Miles Card!!!!!!!! AAA VISA 5% PAY-AT-THE PUMP (up to $60.00 X 5%=$3.00 per day 365 days per year)---credit against next months bill... NOT THAT I AM A MBNA LOVER... I WAS PROMISED I COULD HAVE THAT CARD WITH-OUT AN APPLICATION...(spin-off) I ALSO WAS PROMISED I COULD HAVE AMTRAK (MBNA) ALSO...neither happened!!!
Re: Re: New Discover Miles Card!!!!!!!! In the days with 30-60 second APPROVALS-DENIALS...2-3 WEEKS???
Re: Re: New Discover Miles Card!!!! George, I knew AAA Visa that give you gas rebate but I'm not AAA member. By the way, they will deduct one of my MBNA credit card account like they did to my brother. MBNA approved him ebay Platinum Plus Mastercard but they took portion of the credit line to open ebay Platinum Plus Mastercard. I called them to apply for the card this morning and I checked on my Experian report. They have already made an inquiry. I don't know why I have to wait up to 3 weeks for decision. I like the card because I don't have to pay annual fee like Shell Citi Platinum Select MC or Chase Perfect MCor Visa Card. I also read the article and they mention about Discover Cash Back Bonus Plus that give you up to 10% cash back bonus. It's too late for me to switch to that card. Ron.
Re: Re: New Discover Miles Card!!!! Last week, I called Discover Retention Dept to convert one of my Discover Platinum Card into Gasoline Rebate Card. Yesterday I called customer service to check the status and she told me that my account is Discover Rebate Card. Now I wait for my new card. Ron.
