Discover EMV update

All about Discover & Diners Club - talk about their credit card deals such as the More, Miles, Escape, and others.
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alexmt
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Postby alexmt » Wed Nov 26, 2014 1:14 am

One - there's absolutely no way they won't require a PIN for ATM use. No way.

Two - they probably won't for purchases, which is just downright disappointing :(


MB131174
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Postby MB131174 » Wed Nov 26, 2014 3:27 pm

alexmt wrote:One - there's absolutely no way they won't require a PIN for ATM use. No way.

Two - they probably won't for purchases, which is just downright disappointing :(


Your first point is spot on. That's why I think it could turn out to be PIN after all. When a rep says no PIN required, even at ATM, you know they don't have all the info.

I still feel PIN is much better than sig. Especially for those of us with long names. I've found PIN transactions take literally half the amount of time to complete than a sig transaction.
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Postby MB131174 » Wed Nov 26, 2014 3:28 pm

benhollberg wrote:Are we not protected from fraudulent use/charges? Nearly all ATMs have cameras that show the user. Considering I've never used the cash advance feature on any of my cards I think I could win a case. Disabling the feature is another option as well, as someone else mentioned.


What you forget is that Discover allows "cash over", which is not a cash advance. I can go to Walmart, buy a pack of gum, and add cash to the total bill. It's a purchase, so would go through even if cash advance was turned off.
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nismoZtuner
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Postby nismoZtuner » Wed Nov 26, 2014 3:35 pm

benhollberg wrote:Are we not protected from fraudulent use/charges? Nearly all ATMs have cameras that show the user. Considering I've never used the cash advance feature on any of my cards I think I could win a case. Disabling the feature is another option as well, as someone else mentioned.


yeah but masks also exist now imagine "scream" making a cash withdraw
TU 752 (+4) - [5/9/2014] CK 726 - [11/24/14] EX 725 - [11/20/14] EQ 710
BankofAmerica Cash Rewards [2k] I American Express Blue Cash Everyday [3K] l Discover IT[2.5]
American Express Premier Rewards Gold [NPSL] I Marriott Rewards Premier [5k]
Chase Sapphire Preferred[7.3]
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Postby MB131174 » Wed Nov 26, 2014 3:47 pm

nismoZtuner wrote:yeah but masks also exist now imagine "scream" making a cash withdraw


You just won the forum
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amexcurious
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Postby amexcurious » Thu Nov 27, 2014 11:18 am

MB131174 wrote:What you forget is that Discover allows "cash over", which is not a cash advance. I can go to Walmart, buy a pack of gum, and add cash to the total bill. It's a purchase, so would go through even if cash advance was turned off.


Does the interest on the cash portion start accruing right away, even if you always pay the balance in full?

Or do you really get an interest free cash loan until the next billing date?

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PlyrStar93
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Postby PlyrStar93 » Thu Nov 27, 2014 11:37 am

amexcurious wrote:Does the interest on the cash portion start accruing right away, even if you always pay the balance in full?

Or do you really get an interest free cash loan until the next billing date?

If it's cash over (cash at checkout) then it's counted as purchase, though may not earn rewards on that portion. Interest is charged exactly the same way as purchase, and you still get grace period.
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darkguy2
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Postby darkguy2 » Thu Nov 27, 2014 11:56 am

Wow I always assumed that any cash I got at the register would be a cash advance and be hit with the interest. Good to know I guess.
Discover IT - $5,700
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Postby MB131174 » Thu Nov 27, 2014 7:48 pm

darkguy2 wrote:Wow I always assumed that any cash I got at the register would be a cash advance and be hit with the interest. Good to know I guess.


It's basically a pseudo cash advance for no cost if you PIF. I've used it several times and PIF my monthly bill.
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nismoZtuner
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Postby nismoZtuner » Mon Dec 01, 2014 3:00 pm

MB131174 wrote:You just won the forum


it could happen hahah
TU 752 (+4) - [5/9/2014] CK 726 - [11/24/14] EX 725 - [11/20/14] EQ 710

BankofAmerica Cash Rewards [2k] I American Express Blue Cash Everyday [3K] l Discover IT[2.5]

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Inquires: TU(?) EX(?) EQ(?)

TCL-$19,800

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