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Terms read from Discover's page on Oct 16, 2026.
Year 1, after fees
$1,206
Year 2+, after fees
$603
every year after
3 years, after fees
$2,412
Break-even
No fee
Earn rate by category
All values are after each card's annual or monthly fee, and foreign transaction fees when you set foreign spending. Additional-card fees and memberships some benefits need (such as Amazon Prime or Instacart+) aren't included.
Values for points and miles are estimates based on published redemption valuations; actual value depends on how you redeem.
On each spending preset
After fees; points at their cash value. "~" marks estimates.
| Spending | Year 1 | Year 2+ | 3 years | Break-even |
|---|---|---|---|---|
| Student ($985/mo) | $355 | $177 | $709 | No fee |
| Couple ($2,555/mo) | $920 | $460 | $1,840 | No fee |
| Family ($3,350/mo) | $1,206 | $603 | $2,412 | No fee |
| Frequent traveller ($3,880/mo) | $1,397 | $698 | $2,794 | No fee |
| Big spender ($7,960/mo) | $2,866 | $1,433 | $5,731 | No fee |
Who it suits
- People who want one flat rate on everything.
Who should skip it
- Nothing stands out on the presets; check it against your own spending.
Fees and rates
- Annual fee
- None
- Foreign transaction fee
- Not stated
- Purchase APR
- 17.74% to 26.74% (variable)
- Intro APR on purchases
- 15 months, then the purchase APR
- Intro APR on balance transfers
- 15 months
Rewards
- 1.5% on everything else
Eligibility and availability
- Income
- None published
Published requirements only. We don't estimate approval odds.
Assumptions
- Cash back: Paid in cash, so the value is exact, not an estimate.
- Note: Miles are worth 1 cent as a statement credit for travel or as cash.
- Note: Miles Match doubles all miles earned in the first year.
Not counted or not confirmed
- The balance transfer fee isn't stated on the card page.
- Foreign transaction fee isn't on the card page.
Earns more every year after year 1
On a family's spending, these keep more value from year 2 than this card's $603.
Chase IHG One Rewards PremierYear 2+ ~$1,243
Wells Fargo One Key CardYear 2+ $864
Chase Marriott Bonvoy BoundlessYear 2+ ~$809
Frequently asked questions
Is the Discover it Miles worth it?
On a family's spending ($3,350 a month, points at their cash value), it's worth $1,206 in year 1 and $603 a year after that, after no annual fee.
What is the Discover it Miles welcome offer?
There's no welcome offer on the issuer's page.
Does the Discover it Miles charge foreign transaction fees?
The issuer's page doesn't state its foreign transaction fee, so check the full terms before travelling.
Sources
Rates, fees and offers are set by the issuer and may change. Check the issuer's terms before you apply. We don't estimate approval odds.
Compare it with 59 other cards on the US card comparison or read how cards are valued.