RIVERWOODS, Ill.–(BUSINESS WIRE)–Jul 23, 2020–
As COVID-19 reshapes what travel looks like now and in the future, Discover today announced a permanent change to its travel credit card that offers cardmembers more flexibility, value and ways to redeem rewards.
Discover it® Miles cardmembers can redeem their Miles as a statement credit toward travel purchases that now include restaurants and gas stations. Customers can also redeem those Miles for Cash or at checkout at Amazon.com 1 or with PayPal™ 2 to cover costs beyond traditional travel categories. The expanded travel credit will be applied to all transactions posted on or after June 9, 2020.
“The pandemic has transformed the way customers travel and we are making changes to our travel credit card to reflect that,” said Meera Sridharan, Vice President of Rewards and Product Strategy at Discover. “The Discover it® Miles card has expanded redemption categories to be more relevant to customers who are rethinking ways to travel while continuing to provide a simple way to earn rewards on every purchase.”
The Miles card will continue to offer unlimited 1.5x Miles on all purchases, as well as free security alerts 3 with no annual fee 4. Rewards never expire and cardmembers can redeem their rewards in any amount, at any time 5. And new Discover it® Miles cardmembers will automatically get an unlimited match of all the Miles they have earned at the end of their first year 6.
For more information on the Discover it® Miles card, visit www.discover.com/travelinfo.
Discover Financial Services (NYSE: DFS) is a digital banking and payment services company with one of the most recognized brands in U.S. financial services. Since its inception in 1986, the company has become one of the largest card issuers in the United States. The company issues the Discover card, America’s cash rewards pioneer, and offers private student loans, personal loans, home loans, checking and savings accounts and certificates of deposit through its banking business. It operates the Discover Global Network comprised of Discover Network, with millions of merchant and cash access locations; PULSE, one of the nation’s leading ATM/debit networks; and Diners Club International, a global payments network with acceptance around the world. For more information, visit www.discover.com/company.
1 Use Rewards at Amazon.com: For complete details on how to Pay with Cashback Bonus at Amazon.com see Amazon.com/CashbackBonus. Amazon is not a sponsor of this promotion. Amazon, the Amazon.com logo and the smile logo are trademarks of Amazon or its affiliates.
2 Use Rewards with PayPal: For complete details on how to Pay with Cashback Bonus with PayPal see PayPal.com/Discover. Pay with Rewards will be available for eligible credit cards on eligible purchases. All reward redemptions are subject to Discover’s reward program terms.
3 Discover® Identity Alerts are offered by Discover Bank at no cost, only available online, and currently include the following services: (a) daily monitoring of your Experian® credit report and an alert when a new inquiry or account is listed on your report; (b) daily monitoring of thousands of Dark Web sites known for revealing personal information and an alert if your Social Security number is found on such a website. This information is intended for, and only provided to, Primary credit cardmembers whose accounts are open, in good standing and have an email address on file. The Primary cardmember must agree online to receive identity alerts. Identity alert services are based on Experian information and data which may differ from information and data at other credit bureaus. Monitoring your credit report does not impact your credit score. This benefit may change or end in the future. Discover Bank is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. To see a list of Frequently Asked Questions, visit discover.com/freealerts.
4 Intro purchase APR is 0% for 14 months from date of account opening then the standard purchase APR applies. Intro Balance Transfer APR is 10.99% for 14 months from date of first transfer, for transfers under this offer that post to your account by October 10, 2020 then the standard purchase APR applies. Standard purchase APR: 11.99% variable to 22.99% variable, based on your creditworthiness. Cash APR: 24.99% variable. Variable APRs will vary with the market based on the Prime Rate. Minimum interest charge: If you are charged interest, the charge will be no less than $.50. Cash advance fee: Either $10 or 5% of the amount of each cash advance, whichever is greater. Balance transfer fee: 3% Intro fee on balances transferred by October 10, 2020 and up to 5% fee for future balance transfers will apply. Annual Fee: None. Rates as of June 30, 2020. We will apply payments at our discretion, including in a manner most favorable or convenient for us. Each billing period, we will generally apply amounts you pay that exceed the Minimum Payment Due to balances with higher APRs before balances with lower APRs as of the date we credit your payment.
5 Miles Never Expire: We will credit your account with your rewards balance if your account is closed or has not been used in 18 months. See Miles Terms and Conditions for details.
6 Only from Discover, as of May 2020. We’ll match all the Miles rewards you’ve earned on your credit card from the day your new account is approved through your first 12 consecutive billing periods or 365 days, whichever is longer, and add it to your rewards account within two billing periods. You’ve earned Miles rewards only when they’re processed, which may be after the transaction date. We will not match: rewards that are processed after your match period ends; statement credits; rewards transfers from Discover checking or other deposit accounts; or rewards for accounts that are closed. This promotional offer may not be available in the future and is exclusively for new cardmembers. No purchase minimums.
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CONTACT: Jennifer Delgado
KEYWORD: UNITED STATES NORTH AMERICA ILLINOIS
INDUSTRY KEYWORD: BANKING PROFESSIONAL SERVICES FINANCE
SOURCE: Discover Financial Services
Copyright Business Wire 2020.
PUB: 07/23/2020 10:00 AM/DISC: 07/23/2020 10:02 AM