Shop Around Greg Bush and James Colpean Miles by Discover Card Terms and Conditions Up to 5 added to APR every time late payment made If account is closedinactive for 18 months all travel rewards lost ID: 153018
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Slide1
Credit Card Offer:Shop Around
Greg Bush and James
ColpeanSlide2
Miles by Discover CardTerms and Conditions:Up to 5% added to APR every time late payment madeIf account is closed/inactive for 18 months, all travel rewards lost
No grace period on balance transfers
Travel your waySlide3
Miles by Discover CardRewards:12,000 Bonus Miles (12,000 is the cap)Double Miles on first $3,000 for travel (2 miles per $) and 1 mile per dollar past $3000
Unrestricted travel through any airline, travel agent, or travel websiteSlide4
Miles by Discover CardFees$10 of 5% on cash advance (whichever amount is greater)$35 Return Fee
$35 Late Payment
Fee
No Annual FeeSlide5
Gold Delta SkymilesTerms and Conditions:If there are additional “cardmembers” sharing your account, you are responsible for paying their chargesLimit of $25,000 balance transfer in 180 days. Transfer may take up to 6 weeks.Return Protection does not provide refunds for shipping and handling
Extended warrantee on card purchases.Slide6
Gold Delta SkymilesRewards:30,000 miles if $500 spent in first 3 months; 2 miles every Delta Purchase, 1 mile for all othersFirst bag checked free for up to 9 people20% off in-flight savings (meals, drinks, movies)Slide7
Gold Delta SkymilesFees:$35 Late Fee$35 Return Payment Fee$95 Annual Fee (after first year)Slide8
Capital One Venture CardTerms and Conditions:Annual income > rent and mortgage paymentsMinimum credit line of $5,000
If balance is less than $25, the minimum payment is the balance amount.
Get your feet there faster with double
miles.Slide9
Capital One Venture CardRewards:10,000 bonus miles if $1,000 spent in first 3 months (no cap and miles don’t expire)Miles can be redeemed for cash, gift cards, other purchases, etc.
2 miles earned on every dollarSlide10
Capital One Venture CardFees:$59 annual fee (after first year)Cash advance fee of 3% (minimum $10)Copies of statements: $3.00
$35 Late payment fee
$35 Returned payment feeSlide11
Let’s Compare
Miles from
Discover
Gold
Delta
Skymiles
from American Express
Venture from Capital One
APR
20.99%
$1000 x .2099 = $209.99
19.24%
$1000
x .1924 = $192.4
20.9%
$1000 x .209 = $209
Late Fee
$35
$35
$35
Return Payment
Fee
$35
$35
$35
Bonus Cash
$0
$0
$0
Annual Fee
$0
$95
$59
Penalty APR24.99%$1000 x .2499 = $249.927.24%$1000 x .2724 = $272.429.4%$1000 x .294 = $294TotalAPR: $279.99P.APR: $319.90APR: $357P.APR: $437.40APR: $338.00P.APR: $423.00
*Note: maximum APR was used in calculations Slide12
The VerdictMiles by Discover
No annual fee makes it lowest cost card, even with slightly higher APR
Has lowest Penalty APR
Only card with unrestricted options for travel.