IT or Chrome?

All about Discover & Diners Club - talk about their credit card deals such as the More, Miles, Escape, and others.
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Michael
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IT or Chrome?

Postby Michael » Sun Aug 24, 2014 9:59 am

Hey, guys.

I have a Discover IT card ($15000 limit) which my wife and I rarely use.

We eat out so I use it that quarter. We are retired, so the gas quarters don't really excite us, since we and not burning a significant amount of gas. I generally just go with AMEX BLUE PREFERRED 3% on gas, since I don't really want to play with categories anymore.

Would it be better to pt to Chrome for the 2% year-round restaurants, so at least there would be a use for the IT?

Our main everyday cards are Cap One Quicksilver (EDP) and AMEX Blue Preferred (gas, groceries, dept stores) , with Costco AMEX for eating out.


yfan
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Postby yfan » Sun Aug 24, 2014 10:54 am

Under this situation, you may well be better off with a Chrome. But you may want to consider the other 5% rotating categories from the IT, for example, holiday shopping in the next quarter. It will all depend on how much you spend on that vs. on restaurants, but on the other hand, you already have a card for 2% cashback on restaurants (Costco Amex). Personally, I expect my IT card to get lots of use during the next two quarters - holiday shopping next quarter and restaurants in the following. (I don't really use the Discover for gas either; I too use the Costco Amex and I purchase my gas predominantly at Costco).

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CarefulBuilder14
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Postby CarefulBuilder14 » Sun Aug 24, 2014 1:24 pm

I would keep the It and avoid the Chrome.

TrueEarnings has no cap on the bonus at restaurants. Your gas spending doesn't exceed the TrueEarnings gas bonus cap. Chrome will never be the standout best card in your wallet for any transaction, so when would you ever actually use the Chrome?

Unless you are a huge fan of Discover's cheap gift cards, you'd always be at least as well-off using TrueEarnings as the Chrome. Just use the It for the 5% categories and give it an occasional swipe to keep it active between those 5% purchases - maybe a $10 swipe once a month.

Do look at Discover's offerings of gift cards, though. Maybe something will really stand out to you that you can buy for 50% off.

The Chrome would still have a low bonus spending cap of $1,000 on combined gas and restaurant transactions each quarter.
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DONx3
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Postby DONx3 » Sun Aug 24, 2014 4:28 pm

I'd stick with the IT if you already use the Costco Amex for restaurants.
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takeshi
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Postby takeshi » Mon Aug 25, 2014 8:22 am

Michael wrote:Would it be better to pt to Chrome for the 2% year-round restaurants, so at least there would be a use for the IT?

Your call to make if it's better for you or not. It doesn't sound like there' much benefit to you with either Discover option. Do you find that there are restaurants that don't take AmEx but do take Discover?

If you're really looking to simplify and not hassle with categories then the Fidelity AmEx and your Quicksilver seem like they might be a good pairing. Otherwise you're still dealing with 4 different cards.

Ikarus
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Postby Ikarus » Fri Aug 29, 2014 11:18 pm

I'm not sure what the appeal is for Chrome. IT is such a better card.

Methinks the IT is too much of a good thing and Discover wants to offer a card that's a tier down in rewards, while still extending their brand.

I've been disappointed by the last few "new" cards to hit the market, which seem to have less going for them.

Citi stopped the CitiForward for students, from what I understand, which is a shame, as it has some great benes.
Merrick Bank (Hooters) 4100
Cap One Quicksilver 2800
Discover it 2500
Citi Forward 5400
Chase Freedom 1000
AMEX Blue Cash Everyday 5500
Citi Dividend 5600
Cap One Visa Platinum 750 (CLOSED)

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CarefulBuilder14
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Postby CarefulBuilder14 » Fri Aug 29, 2014 11:28 pm

Ikarus wrote:I'm not sure what the appeal is for Chrome. IT is such a better card.

Methinks the IT is too much of a good thing and Discover wants to offer a card that's a tier down in rewards, while still extending their brand.


Well, pretty much everyone uses gas and goes to restaurants. Not everyone owns a home (home improvement) or goes to movie theaters, etc. Online shopping is pretty good, though, and that is a 5% category most can use.

Maybe some people are better-off with the chrome - or they just don't want to track the changing categories.
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
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Letting new accounts cool off since May
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Ikarus
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Postby Ikarus » Sat Aug 30, 2014 10:25 am

Funny. Didn't see it from that angle as I don't own a vehicle and cook often. ;)

But I see your point.

CarefulBuilder14 wrote:Well, pretty much everyone uses gas and goes to restaurants. Not everyone owns a home (home improvement) or goes to movie theaters, etc. Online shopping is pretty good, though, and that is a 5% category most can use.

Maybe some people are better-off with the chrome - or they just don't want to track the changing categories.
Merrick Bank (Hooters) 4100
Cap One Quicksilver 2800
Discover it 2500
Citi Forward 5400
Chase Freedom 1000
AMEX Blue Cash Everyday 5500
Citi Dividend 5600
Cap One Visa Platinum 750 (CLOSED)

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otter
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Postby otter » Sat Aug 30, 2014 1:12 pm

Ikarus wrote:Funny. Didn't see it from that angle as I don't own a vehicle and cook often. ;)

But I see your point.


I think we all have different spending patterns- I don't even have the same spending patterns from month to month. I myself always spend a lot on gas every month. Some months are restaurant months for me, others are grocery shopping months. Online shopping is a pretty worthless category to me, though- when I do shop online- it's usually something like an Amex offer where I get more than 10% or it's a big ticket item (and since Discover is cheap with CLI's), I use another card.
In my Wallet:
  • Amex PRG NPSL[3-14, bd 91]
  • Sallie Mae MC $8000[1-14]
  • Chase Freedom $4700[1-14]
  • Discover It $2750[8-13]
  • BoA UCF Alumni Cash Rewards $5000 [3-15]
Sometimes in my Wallet:
  • GM BuyPower WEMC $5000[9-14]
  • Wells Fargo Propel 365 Amex $7000[4-14]
  • Barclaycard Arrival WEMC $7000[3-14]
  • BoA Better Balance $3000[2-15]
In my sockdrawer: Amex BCE $1000[10-13, bd 91], OCCU Duck $10000 [11-13], The Sportsman's Guide Visa $8000[8-14], Chase Slate $4000 [9-14]Delta Gold Amex $2000 [2-15 bd 91], Diners Club MC $20000 [10-14] Commerce Bank Visa $2000 [3-15] Citi Double Cash $1000 [3-15]
Total CL: $90450

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Postby popamode72 » Sat Aug 30, 2014 1:45 pm

takeshi wrote:Your call to make if it's better for you or not. It doesn't sound like there' much benefit to you with either Discover option. Do you find that there are restaurants that don't take AmEx but do take Discover?

If you're really looking to simplify and not hassle with categories then the Fidelity AmEx and your Quicksilver seem like they might be a good pairing. Otherwise you're still dealing with 4 different cards.


I still have the Forward college card and don't find it that great anymore.
Macy's TLs (21k), Lowes (17k), CSP (10k), Sam's Club (10k), Nordstrom (5k), AARP (4.2k), Freedom (3k), Discover (1.5k), Quicksilver (2k), BoA (3k), Barclaycard Arrival (2.5k), Amazon Store (6k), Paypal (4.9k), Sam's Club MC (3.6k), Walmart MC (1.2k)



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