most relevant facts:

earn 1 mile for 1 dollar.

0% apr for balances and purchases until the last day of the billing period ending during july 2007. balance transfers do not earn miles (except for this special bonus miles offer). if you make a balance transfer with this application, there is no balance transfer transaction fee.

earn 1000 bonus miles each calendar month you make a purchase for 12 months from the date your account is opened, with a cap of 12000 bonus miles. offer is in addition to the standard miles earned on purchases. air travel rewards start at $100 travel credit for 10000 miles. offer valid 06/01/06-01/01/07.

apply for the miles card

Thanks for sharing, however, a thread has already been started for the card.

Discover Miles Card

Where does it say that there is no balance transfer fee? All I found was this: CASH ADVANCE TRANSACTION FEE: 3% for each cash advance, with a minimum of $5 and no maximum.

opmnxtc said:anubis57 said:Where does it say that there is no balance transfer fee? All I found was this: CASH ADVANCE TRANSACTION FEE: 3% for each cash advance, with a minimum of $5 and no maximum.

Introductory/Special APRs: ...If you make a balance transfer with this application, there is no balance transfer transaction fee.

Thank you, but my question was where does it say that there is no balance transfer fee?

TIA

Sorry, I found it...thanks; I didn't doubt it was there, just had trouble finding it.

And thanks, OP, this is a great offer and right timely for me.

So just charge 1.99 a month in gasoline (or whatever) and you get 12k miles for free.

It should be noted that using a card for both purchases and balance transfer means that you pay interest on the purchases (payment go to the 0% balance transfer first).

Optimal strategy is probably to do balance transfer and then make small purchase each month (which means %.50 minimum finace charge). Utility and phone bills are very good since in many cases you can pay $1.00 each month from home (put rest on another card) and get your miles. This is less hassle than carrying the card and trying to use it each month but only for a small purchase (such as a little gas).

Does anyone know what the $100 travel certificate is? If it is $100 off of any airline ticket, it is valuable, but if it is hedged in with restrictions (full fare on an airline for instance)it may be worth much less. If this is restrictive, users of the car may find the optimal strategy after getting 12,000 or so miles is to use the card for ordinary purchases until they get to the miles level that is worth redeeming given their goals, and this would make the offer less attractive.

This offer is available through cardoffers (http://www.cardoffers.com/introCreditCards/directory/cards/details/card.asp?id=951)with a $40 bonus. There is also apparently an offer out there that gives 12,000 bonus miles with first purchase
(see http://find-a-creditcard.com/airline-mileage-cards/discover-miles-card.htm) but this brings no cash payment, but might have less hassle (note the asterisk on the site though that is not referenced, and the reference to 5000 bonus miles, so there appears be some confusion as to what is really offered.

You don't have to be so elaborate or cheap. If $.10 doesn't work then buy a newspaper or a $1.00 soda pop the next time you walk by a newstand or covenience store. Even at 20% interest, you'll pay 20 cents in interest and gain $10.00 in rewards for a 5 minute transaction. That works out to over $100/hr which would be worth most people's time. If it doesn't work, you got a free soda pop.

I love how people aren't willing to spend 20 cents in interest to get $10 in rewards but will spend a half hour signing up for a new bank account that is .15% higher.