Does the Discover it Miles have an annual fee?

No. Our record lists a $0 annual fee for the Discover it Miles.

Is the Discover it Miles worth it in the first year?

Using our illustration ($12,000 of yearly spending), the first year comes out around $280 before credits, including a welcome bonus valued at $100. Year two drops to about $180 before credits.

Does the Discover it Miles charge foreign transaction fees?

No. The Discover it Miles is listed without a foreign transaction fee, which makes it usable abroad.

What credit do I need for the Discover it Miles?

Our record lists "Good" credit as the typical target for the Discover it Miles. Discover makes the final decision based on its own criteria.

Discover it® Miles

Discover

No Annual Fee

Annual Fee

discoverGoodNo Foreign Transaction Feeno-annual-feeno-foreign-transaction-feecash-backtraveldiscover5 months ago

Welcome Offer

10,000 pts(≈ $100)Spend $1 within 3 months

Check issuer terms ↗

OpenCard analysis

Is the Discover it Miles right for you?

The Discover it Miles is a no-annual-fee cash-back card from Discover. It earns a flat 1.5% on purchases. With no fee, it only needs to beat the flat rate your current card already pays.

Who it's for

✓ Anyone who wants flat-rate rewards without paying an annual fee
✓ People who want one rate (1.5%) everywhere without tracking categories
✓ Travelers who use the card abroad — it's tagged as having no foreign transaction fee

First-year value estimate

Welcome bonus

$100

Rewards on spending

$180

Annual fee (year 1)

−$0

Year 1, before credits

$280

Year two, without the welcome bonus: about $180 before credits ($180 in rewards minus the $0 fee).

Assumptions

$12,000 a year of purchases at 1.5%, about $1,000 a month.
Rewards valued at 1¢ per point or 1% cash back (cash-equivalent).
Welcome bonus: 10,000 Discover Miles at 1¢ each (OpenCard valuation) ≈ $100.
No annual fee in any year.

An illustration, not a promise of value. Change the spending to match yours; rewards are not cash until redeemed. Card data reviewed 2026-04-24.

How it compares

Bank of America Travel Rewards →

Bank of America, same $0 annual fee; earns 1.5% on everything.

Capital One Quicksilver Cash Rewards →

Capital One, same $0 annual fee; earns 1.5% on everything.

Chase Freedom Rise →

Chase, same $0 annual fee; earns 1.5% on everything.

Compare side by side →

Rules and gotchas

The welcome bonus requires $1 in 3 months — roughly $0 a month. That fits inside the $1,000 a month in our illustration.

Frequently asked questions

Does the Discover it Miles have an annual fee?: No. Our record lists a $0 annual fee for the Discover it Miles.
What does the Discover it Miles earn?: A flat 1.5% on purchases.
Is the Discover it Miles worth it in the first year?: Using our illustration ($12,000 of yearly spending), the first year comes out around $280 before credits, including a welcome bonus valued at $100. Year two drops to about $180 before credits.
Does the Discover it Miles charge foreign transaction fees?: No. The Discover it Miles is listed without a foreign transaction fee, which makes it usable abroad.
What credit do I need for the Discover it Miles?: Our record lists "Good" credit as the typical target for the Discover it Miles. Discover makes the final decision based on its own criteria.

Earning Rates

1.5×All PurchasesEarn 1.5 Miles per $1 spent on all purchases. 1 Mile worth 1 cent if you redeem for travel.

Insurance

Sources

Last Updated: Apr 24, 2026