Escape by Discover Card Review | CreditShout

Escape by Discover Card Review

By Kevin / October 4, 2011
Escape by Discover Card Review

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Important Update:

Escape by Discover is no longer available. We now recommend the Capital One Venture card as our favorite travel rewards card. The Venture card gives you 2 miles per dollar on every purchase, which is on par with what Escape by Discover offered. However Capital One Venture offers lower fees and better options for redeeming points.

Verdict:

The Escape by Discover® Card is a great card for people that travel, even only in moderate amounts. You earn points that can be redeemed for a variety of things, including cash and travel, and the annual fee is a reasonable $60.Also, it comes with a 0 percent APR on purchases and balance transfers for 6 months. Additionally, up to 25,000 bonus miles can be earned with this card.

Escape by Discover Rewards Program

TheEscape by Discover® Card is a travel benefits card that earns double miles for every purchase you make. Bonus miles are earned when you use their exclusive online shopping site. You can redeem these miles for travel credit, gift cards or cash deposits.

The Escape card earns 2 miles for every $1 you spend on anything along with an additional 2 miles when you use their online shopping site. Customers also earn 1,000 bonus miles for each of the first 25 months in which a purchase is made. So, if you make a purchase every month with this card, you’ll earn 25,000 bonus miles. There is no limit to the amount of miles that may be earned with this card and there are no blackout dates for flights.

This card also comes with many types of travel insurance, even trip cancellation insurance, which will provide up to $2,500 to travel another day if you become ill and cannot make a flight.

Travel and Shopping Benefits with Escape by Discover

The Escape card offers mostly travel benefits, earning 2 miles for every $1 you spend on everything and an addition 2 miles for every $1 you spend through their exclusive online shopping site.

You also receive enhanced travel benefits, primary car rental insurance (up to $50,000 with no deductible), lost or damaged luggage insurance (reimbursement up to $2,500), travel delay insurance (up to $150 per day of unexpected food and lodging), and trip cancellation insurance (up to $2,500 to travel another time if you become ill and cannot travel).

The potential 25,000 bonus miles will also make paying for travel a lot easier.

For every 10,000 miles, you can receive a $100 travel credit, for every 5,000 miles you can choose to have $25 deposited in your bank account, or you can save your points to redeem for gift cards at brand name stores.

Interest Rate, Fees and Other Fine Print

This card has a $60 annual fee. Also, as mentioned, it has a 0 percent APR on purchases and balance transfers for 6 months. For an updated list of fees and APR info check the issuer website before applying.

How It Compares To Other Travel Rewards Credit Cards

Escape by Discover vs Miles By Discover Card

The Miles by Discover card and the Escape by Discover card both offer a 0 percent APR on purchases and balance transfers for 6 months followed by the same APR (listed in the fees section) on each. The Miles by Discover edges out the Escape card with no annual fee, but all other fees are the same.

In terms of rewards, the Escape by Discover card wins by a significant amount. While 1,000 bonus miles are available for each of the first 12 months (as long as a purchase is made in each) with the Miles by Discover card, 25,000 (over 25 months) are available with the Escape card. Also, the Miles card offers double miles on the first $3,000 in travel and restaurant purchases while the Escape card offers double miles on every purchase – not just the first $3,000 and not just in those categories.

While double miles are available with the Miles card for purchases made on Discover’s shopping site, an additional 2 miles per dollar spent are available with the Escape card, effectively making it a quadruple miles offer.

Essentially, if you intend to spend a significant amount of money with your credit card, go with the Escape by Discover card if you are deciding among the 2.

Escape by Discover vs Chase Sapphire Preferred Card

The Chase Sapphire Preferred card offers 50,000 bonus points. However, Chase’s offer is conditional on spending $3,000 within the first 3 months. Customers who plan to spend that amount anyway will be better off with the Chase card in terms of bonus points, as it would take them 25 months to hit half that mark with Discover – and that is the most you‘ll get with that card.

While the bonus situation may make the Chase Sapphire Preferred card seem like a clear winner, the points that purchases will earn give the edge to the Escape by Discover card.

Chase offers 2 points per dollar spent on travel and dining and 1 point per dollar spent on anything else – unless you use their online mall, which offers up to 10 points per dollar spent. Discover offers 4 miles per dollar spent on their shopping site, which gives Chase the advantage, assuming that customers mostly purchase items that earn at least 5 points with Chase. Customers will also receive a 7 percent dividend on all points that they’ve earned in the previous year, making the points per dollar spent effectively range from 1.07 to 10.07.

The Chase Sapphire Preferred card does not have an annual fee in the first year and it is $95 thereafter. It does not offer a 0 percent introductory rate on purchases or balance transfers and has a variable APR on both that is currently at 15.24 percent. For most customers, this means that Discover offers a lower APR and, even if it does not, the 0 percent APR for 6 months that Discover offers will be beneficial to those who carry a balance.

The lack of an annual fee in the first year and the 50,000 bonus points after 3 months make the Chase Sapphire Preferred card a better offer in the short term.

However, if you routinely make purchases with the Escape by Discover card and would prefer not to be restricted by the shopping websites of either company, then the bonus miles that Discover offers beat out Chase’s bonus points per purchase.

The bottom line is that the Escape by Discover card will be better for most people, as it’s long-run benefits are greater than those of the Chase Sapphire Preferred card.

Escape by Discover vs Capital One Venture Card

The Capital One Venture card generally has lower fees than the Escape by Discover card. It has no annual fee in the first year and a $59 fee thereafter. The variable APRs are slightly higher with Capital One, but not much. It also has no balance transfer fees, no foreign transaction fees and a lower cash advance fee at either $10 or 3 percent, whichever is higher.

In terms of rewards, the Capital One Venture card gets the edge over the Escape by Discover card. Both cards offer 2 miles per dollar spent on most purchases. The Discover card offer 4 miles per dollar spent on it’s online shopping site – less than the up to 17 miles per dollar spent that Capital One offers through it’s Perk Central retail network.

Capital One offers 50,000 bonus miles after $3,000 is spent within the first 3 months while Discover offers up to 25,000 bonus miles if a purchase is made in each of the first 25 months.

In terms of both fees and rewards, the Capital One Venture card wins out when comparing these 2 cards.

The Bottom Line

Pros

  • Great travel benefits
  • Range of things you can do with miles
  • Reasonable annual fee
  • Lots of travel insurance
  • 0 percent APR on purchases and balance transfers for 6 months
  • Potential for 50,000 bonus miles

Cons

  • None
The editorial content on this page is not provided by any of the companies mentioned and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are the author's alone.Additionally, the opinions of the commenters are not necessarily the opinions of this site

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