Discover's Triple-Nerf

All about Discover & Diners Club - talk about their credit card deals such as the More, Miles, Escape, and others.
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Re: Discover's Triple-Nerf

Postby CarefulBuilder14 » Thu Jul 02, 2015 10:34 am

Okay - when you consider that:
1. They clearly advertize the doubled-rewards for new customers.
2. They didn't explicitly extend the offer to older customers.
3. The promotion is definitely continuing for new customers, but not for old ones. The website does say it's only for new customers.

It's probably fair to treat it more as a signup bonus than a broad promo. Maybe any individual old customer could have gotten it by being one of the earlier people to ask, but they would probably have ended it long before a quarter of their old customers signed up. I agree it was apparently more by accident than intent.

I was dumb enough in my pre-CCF days to apply for a Discover without getting a signup bonus, so I have no qualms about squeezing a little "unearned" cash from them. I'll take this promo (and $10 before, and maybe another one later) as my bonus.
Warranties and sketchy merchants: Schwab Platinum
Price rewind: Costco
Travel insurance: Prestige, CSP
Perks: IHG, Hyatt
Rewards/Offers: Discover, Freedom, ED, BCE
Taxes/Misc: SPG

Limited value, might close: Arrival

Might add: First Tech, proper business card

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Re: Discover's Triple-Nerf

Postby Whatamuji » Fri Jul 03, 2015 1:33 am

When is #3 supposed to take effect? Because I just looked at my IT card benefits and didn't see anything different from what it was when I first opened the account last year.
Kohls: $300, Discover IT: $1.8k, Capital One Quicksilver: $2k, Amazon Store Card: $2.2k, Chase Freedom Unlimited: 3.2k, AMEX HHonors 5k

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Re: Discover's Triple-Nerf

Postby CC Deville » Sat Jul 04, 2015 2:27 pm

As a Discover More cardholder, I was never eligible for the double cash promotion, in fact Discover basically ignores the original Discover Card customers for pretty much everything which I think is bad service. Why not upgrade to IT you might ask? Well, why should I have to? (I really cannot stand the flat card with the info on the back). They should be treating all of their customers the same. This is exactly why my Discover Card has essentially been sock-drawered since 2004-other banks caught up and exceeded their original cash back strategy. They seem to work hard at attracting new customers and neglect long terms ones. Sure, other banks do that too.

As far as the travel benefits that are changing, I wasn't aware that they even existed.

I think it actually makes sense that they nerfed the double cash back for existing cardholders...that could be very costly to them. As far as the other issues, that seems to be the norm these days...the banks giveth and then taketh away. Since they allow two Discover Cards, I could see someone that wants the double cash back and can afford the HP/AAoA hit applying for a second Discover to get the extra cash back and then close it once it has ended.

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Re: Discover's Triple-Nerf

Postby MemberSince99 » Sat Jul 04, 2015 5:23 pm

I've played that game, and frankly it's just not worth it to open a card for a year just for a sign up bonus or promotion. Some of them (Amex, Chase for example) are getting wise to that anyway and shutting it down.

All it takes is a phone call to get it converted to an IT it's not like it's a big deal. I know you don't want to but it's really not a huge hassle to do.

My real beef with Discover is they are just too conservative on limit to people with good credit. They really almost do not seem to want that market segment. They SEEM to prefer people who have ok but not good or great credit, with one or two small or modest limit cards that they can give a big (for them) limit to and hopefully lock that person into using the Discover as their every day card. That seems like about the only trick in the book and about the only market they truly care about.

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