Discover Cashback Checking

All about Discover & Diners Club - talk about their credit card deals such as the More, Miles, Escape, and others.
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Ikarus
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Discover Cashback Checking

Postby Ikarus » Fri Aug 29, 2014 11:40 pm

I just received an offer to open a Discover online banking account that has cashback bonus checking.

The idea of an online bank is cool -- ala ING and Cap One 360. There's even a $50 sign-up bonus.

The thing is, I don't like checks. I just don't see a reason to use them anymore.

I have been looking for an account to use for PayPal deposits, but I'm not sure this is it.

Here's the info for anyone interested:

https://www.discover.com/online-banking/checking/?icmpgn=STL_CHKPG_PLCMNT_TXT

Any thoughts?
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)


popamode72
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Postby popamode72 » Fri Aug 29, 2014 11:48 pm

Is there any HP involved with this?
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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PlyrStar93
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Postby PlyrStar93 » Sat Aug 30, 2014 12:14 am

I never write checks either. My thought is, if I had their checking account, I would swipe the debit card on small purchases as it gives $0.10 per use. They do reserve the right to adjust rewards due to "irregular, unauthorized or fraudulent activity", though.

Looks like there is no need to keep a minimum balance to avoid monthly fee?
Citi Forward Visa $5000 10/2012 | American Express Blue Cash Everyday $8000 2/2014 | Discover it $7000 5/2014
Chase Freedom Visa Signature $7000 6/2014 | Citi ThankYou Premier Visa Signature $5000 1/2015
All EMV.

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otter
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Postby otter » Sat Aug 30, 2014 1:00 pm

I applied for the Discover checking account earlier this week and after applying, they said they needed to verify some information and gave me a number to call. I called the number and the girl said all their reps were busy- they would call me later in the week. I told her f___ it- if they're going to make it a hassle to open a checking account with them especially since I've been a Discover CC holder for a while, I don't need their checking account.

No hard pull, at least getting to the point in the process I got to...
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

Ikarus
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Postby Ikarus » Sat Aug 30, 2014 9:32 pm

Discover checking has a nice ATM advantage. 40,000 more ATMs with no fees.

That said, if I went with an online checking account, I'd probably go with ING.

I don't know if I can get in the mood for even writing a check anymore. You give too much information and many vendors hate dealing with checks. Too much risk, as far as they're concerned.

I think I'll stick to what I have for now. Thanks, guys!
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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onion
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Postby onion » Sun Aug 31, 2014 12:37 am

PlyrStar93 wrote:I never write checks either. My thought is, if I had their checking account, I would swipe the debit card on small purchases as it gives $0.10 per use. They do reserve the right to adjust rewards due to "irregular, unauthorized or fraudulent activity", though.

Looks like there is no need to keep a minimum balance to avoid monthly fee?


Wonder if they'd let you do it with Amazon gift cards. You can purchase them in 50 cent increments, so that'd be 20% cash back.
FICO TU - 728 - 8/14
FICO EX - 716 - 7/14
FICO EQ - 740 - 7/14

Bank of America Cash Rewards - $2,400
Best Buy - $3,000
American Express Blue Cash Everyday - $8,000
American Express Everyday - $10,000
Discover It Chrome - $500 (AU on fiancée's card, helping her build credit)
American Express Platinum - NPSL
Barclaycard Arrival+ - $3,000
Capital One Yamacard - $11,000

darkguy2
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Postby darkguy2 » Thu Sep 04, 2014 8:14 pm

I kept mine until I got my $50 then closed it. The customer service is not on the same level that I get with my IT card. It also took them several months to get my debt card to me. I had to push hard several times for them to express it to me and not send it first class which was getting lost somewhere. Not a positive experience.
Discover IT - $5,700
Chase Freedom - $5,700
Costco Citi - $13,000
Sallie Mae - $4,000
Chase Sapphire Preferred - $6,000
Chase Sapphire Reserve - $19,500
Citi Double Cash - $6,500
Amex BCE - $13,000

FICOs: Discover (777), SallieMae (764), Amex (767), Citi (772)
FAKOs: CK- TU (760), EQ (760)

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Vattené
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Postby Vattené » Thu Sep 04, 2014 9:27 pm

I wish I would have known about this 4 months ago when I moved and opened a new checking account (assuming they had it then). I definitely would have opened one. It sounds like the customer service for checking accounts may be completely separate from that of the credit card accounts. That is disappointing, but I could easily see having a checking account as well worth it if I liked it. I may just have to consider opening an account anyway...
-Vattené
FICO-8:
EX - 809 (11/16) | TU - 803 (11/16)
Primary Cards:
American Express EveryDay - $20,000 (10/14)
Discover it - $23,000 (2/14)
AU on Barclay Sallie Mae - $10,000 (8/15)
plus several store accounts of varying usefulness now

MB131174
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Postby MB131174 » Fri Sep 05, 2014 2:46 pm

I had one of their checking accounts until I did the great Discover purge several weeks back. Some downsides to it are: the cash back is limited to a maximum of either $10 or $20 a month, I'm thinking $10. If you have a Discover card and a checking account the cash back will NOT be in the same pool of money.
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dickey1331
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Postby dickey1331 » Fri Sep 05, 2014 5:35 pm

I had a Disocver savings account once and it wasnt bad but never had the checking account. Nothing can convince me to switch from USAA.
Platinum Delta Skymiles $12,900
Marriott Rewards Premier $12,000
Discover IT $12,000
USAA Cash Rewards $11,000
American Express Blue Cash Preferred $10,000
Chase Sapphire Preferred $6,500
Best Buy $6,000
Chase Freedom $4,500
Zales $4,000
Amazon Prime $4,000



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