Starting this month, the Discover Miles and Discover Escape cards are offering lower purchase APRs of 10.99% – 15.99%. These two cards are already some of the best travel rewards cards that we track, and now this lower APR, when combined with their introductory 0% APRs for 6 months, makes them contenders in the low interest credit card ring as well.

In fact, 10.99% puts them within spitting distance of the PenFed Promise and the NavyFed Flagship Rewards (both 9.99% as of writing), which are tough cards for civilians to get their hands on. If other major credit card issuers follow suit and lower their APRs as aggressively as Discover has, then Credit Unions all over America are going to have some stiff competition.

Here’s the rundown on these two cards:

Discover Escape

  • 25,000 Bonus Miles – Earn 1,000 Miles each month you make a purchase for the first 25 months
  • $60 annual fee is more than made up for by the bonus miles
  • 2 Miles per $1 on all purchases
  • 5,000 Miles can be redeemed for $25 in cash (1% rewards rate)
  • 10,000 Miles can be redeemed to offset $100 in travel expenses (2% rewards rate)
  • No limit on the Miles you earn and Miles don’t expire
  • Fly on any airline, book any hotel or car, with no blackout dates
  • Use Miles for travel, merchandise, gift cards or cash
  • 0% intro APR on purchases and balance transfers for 6 months, and 10.99%-15.99% after
  • Click for more info

Discover Miles

  • 12,000 Bonus Miles – Earn 1,000 Miles each month you make a purchase for your 1st year
  • 1 Mile per $1 on every purchase
  • Plus, 2 Miles on travel and restaurant purchases on your first $3,000 each year
  • No limit on the Miles you earn and Miles don’t expire
  • Fly on any airline, book any hotel or car, with no blackout dates
  • Use Miles for travel, merchandise, gift cards or cash
  • 0% intro APR on purchases and balance transfers for 6 months, and 10.99%-15.99% after
  • No Annual Fee, No Overlimit Fee, No Redemption Fee
  • Click for more info

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