A couple of weeks ago I first wrote about the Discover it Miles Card, which is a brand new no annual fee product from Discover.
The card offers unlimited 1.5x Miles for every net dollar you spend on purchases, with a few options for redemption.
— You can redeem for cash as an electronic deposit to your bank account or for a credit for travel purchases on your statement made within in last 180 days.
— Travel purchases include airline tickets, hotel rooms, car rentals, travel agents, online travel sites and commuter transportation.
What makes this card especially interesting is that you earn double miles for the first year. After the first 12 consecutive billing periods that your new account is open, Discover will double all the miles you’ve earned and apply them to your account in the next billing cycle