Comments on: Discover 25,000 Bonus Miles http://www.mydollarplan.com/discover-25000-bonus-miles/ finance. money. action. Fri, 20 Nov 2009 12:02:44 -0600 http://wordpress.org/?v=2.8.6 hourly 1 By: Madison http://www.mydollarplan.com/discover-25000-bonus-miles/#comment-7701 Madison Sat, 14 Feb 2009 02:15:02 +0000 http://www.mydollarplan.com/?p=752#comment-7701 @ Rassah: The key is to use the miles for travel, if you redeem it for cash, the value isn't as high. I verified with Discover that 10,000 miles can be redeemed for a $100 credit for any travel purchase. For example, if you make $10 in purchases each month for 20 months, you'll end up with 20,400 miles. Redeeming those for $200 in travel credit will cost you $120 for 2 years of annual fees. You'll net $80, or almost 40% back on your purchases. I'll update the post with this information to make it more clear. @ Rassah: The key is to use the miles for travel, if you redeem it for cash, the value isn’t as high.

I verified with Discover that 10,000 miles can be redeemed for a $100 credit for any travel purchase.

For example, if you make $10 in purchases each month for 20 months, you’ll end up with 20,400 miles. Redeeming those for $200 in travel credit will cost you $120 for 2 years of annual fees.

You’ll net $80, or almost 40% back on your purchases.

I’ll update the post with this information to make it more clear.

]]> By: Rassah http://www.mydollarplan.com/discover-25000-bonus-miles/#comment-7699 Rassah Fri, 13 Feb 2009 23:10:43 +0000 http://www.mydollarplan.com/?p=752#comment-7699 5,000 miles gets you a $25 account credit. 25k/5k*$25 means you'll make $125 in actual cash for the $120 you spend in fees... 5,000 miles gets you a $25 account credit. 25k/5k*$25 means you’ll make $125 in actual cash for the $120 you spend in fees…

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