Discover Card is among the biggest credit card providers of the United States of America. The company provides a number of credit cards for different purposes. Miles by Discover Card is one of popular credit card products of Discover Card. The card offers free air miles, insurance coverage, balance transfer program and a lot more.
Miles Fees
Miles by Discover Card charges quite affordable rate for the services offered. The Annual Percentage Rate for the purchasing activities only, remains between 10.99% - 18.99. On the other hand, APRs for activities like balance transfer and cash withdraw are different.For cash withdraw, the Annual Percentage Rate is nearly 24% and for balance transfer services it is 0% in the introductory period and thereafter it remains between 10.99 -18.99%.
The cardholders do not have to pay any annual fee for this credit card but there are other fees applicable on different uses. The cardholders need to pay 3% of the total amount that is to be transferred. The cash advance activities are also charged with 3% of total amount withdrawn. There are also late fee and overlimit fee applicable on the outstanding amount. The default rate is almost 28.99%.
