The Discover Escape credit card falls into the category of travel rewards credit cards. This credit card offers a wide array of reward option but is especially beneficial when used for earning air miles rewards.
The Escape credit card starts by offering 1,000 Miles each month when the account holder makes any purchase in the first 25 months. Credit card holders can also earn two added miles for every $1.00 in purchases made through the ShopDiscover option. There is no limit or cap on the number of miles that an account holder can earn. If the credit card account is closed or is in default or is inactive for a period of three years, the account holder may forfeit some or all of the Miles earned.
The Discover Escape credit card has an introductory credit card rate of 0% that lasts until the last day of the billing period ending during June 2010. The standard credit card APR will be a rate between11.99% variable and 18.99% variable depending on the credit card applicant’s credit history when the credit card application is evaluated by Discover Financial Services..
The introductory credit card rate also extends to credit card balance transfers in which the 0% introductory credit card APR applies to balance transfers for the first 6 months.
Earned travel miles cab redeemed by travel through any airline, travel agent or online travel site. In order to book a travel engagement, the card holder has to pay with the credit card and redeem for travel credits when the transaction posts to the account. There are no blackout dates or advanced booking requirements when redeeming the miles earned with this credit card.
You can also redeem the Miles earned with different options such as selecting a gift card from Discover partners or a Discover Gift Card, apply the miles as a travel credit to the account or receive cash. When redeeming rewards earned for cash, the credit card account holder can take the option for a direct deposit to their bank account or a Discover account credit once the account has reached 5,000 miles.
The Discover Escape Card includes a number of added travel features that includes $500,000.00 flight accident insurance, rental car insurance, luggage insurance on lost or damaged luggage, travel delay insurance, trip cancellation insurance and a traveler’s hotline for travel assistance and benefits.
This credit card is one of the better credit card options for earning maximum mile rewards on purchase transactions.
Discover Financial Services is one of the largest credit card issuers in the United States. Discover Financial Services not only issues the Discover credit card but also operate the PULSE ATM network, Diners Club International and offers student and personal loans as well as bank savings products such as certificates of deposits and money market accounts.
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