It & Chrome

All about Discover & Diners Club - talk about their credit card deals such as the More, Miles, Escape, and others.
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Vattené
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It & Chrome

Postby Vattené » Mon Sep 22, 2014 11:56 pm

I was on the phone with a CSR earlier today, and while I had her I asked about converting to the Chrome. I thought I might need to wait until a year to PC, but she said nope - it can be done anytime. You just request it and the change takes place at the start of your next billing cycle.

She made it sound like you can just switch back and forth as you please (I wish I could remember what she said verbatim, but it was more than just her description of how the process works). I will have to call back and ask about that in more explicit terms because it sounds almost too good to be true. If it is, though, that would be great! You could get the standard It during a quarter where you can put the bonus category to good use and just switch back to Chrome whenever it won't apply to your spending that much.
-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


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CarefulBuilder14
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Postby CarefulBuilder14 » Tue Sep 23, 2014 12:48 am

I asked about that once and got the same answer: switching is very easy. I like the It program better, though.

Restaurants and gas are certainly practical categories for most people, but the bonus spending is capped at $1,000 combined per quarter. 2% isn't that great, either. There are a lot of good options for gas cards, and a few others for dining.

Since Discover is your one prime card right now, going with the Chrome may make sense if you don't use the 5% categories much. Once you have a few prime cards, though, I think it is better to use the card lightly and then make full use of the 5% when possible.

Keep in mind - you won't know all your expenses at the start of each month or quarter. If you end up going to a movie theater on short notice, for example, you might wish you had your 5%
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
SD: Arrival BrooksBros BCE ED IHG
Letting new accounts cool off since May
Really not sure what I'll add next or when

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Vattené
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Postby Vattené » Tue Sep 23, 2014 11:02 am

Good points. Many people here have multiple prime cards and it makes sense to just have the Dicover it around for category spending. Once I get in with Amex, there really isn't another prime card I want. I would rather keep things simple anyway and have just one credit card bill to keep track of (and two won't be a problem when the time comes), but besides that there just isn't anything appealing to me right now. I would also rather have one or two accounts accumulating rewards. Sure, I could maximize them more, but the more I do that the more slowly each account builds up. I would prefer having one rewards account grow faster even if it means sacrificing an extra 1% on a pretty limited amount of spending.

I think I will be better off with the Chrome version, at least for this quarter. I probably will cap out the 2%, but I will get to $1,000 in restaurants and gas faster than I would get to $400 (the same amount of cashback at 5%) in online and department stores.

The regulars around here are probably tired of my gushing over Discover, but I love that they let you jusy play it by ear each quarter. If they were to do restaurants and movies again next quarter, I will probably just flip back. Plus if I cap out on Chrome early enough I can switch before the end of the quarter to catch some of that 5%.
-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



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