Discover Praise

All about Discover & Diners Club - talk about their credit card deals such as the More, Miles, Escape, and others.
8 posts
frinkinhard
Green Member
Green Member
 
Posts: 17
Joined: Thu Mar 12, 2015 3:20 pm
Location: Michigan

Discover Praise

Postby frinkinhard » Fri Jul 10, 2015 8:25 am

So I have had my discover it with fixed rewards since February, been putting a lot through it every month, and after doing a lot of reading i decided that the rolling 5% categories paired with a citi dc would be a lot more effective. So i got on discovers quick messaging thing and inquired about switching to the rolling 5% and they immediately gave me the T&cs for it and told me it would be applied immediately on my next statement! never thought discover would be that easy to do a switch!
Amazon Store - $6,000 (1/14)
Discover it Student - $2,000 (2/15)
AMEX Everyday - $4,100 (3/15)
Citi DC - $1,500 (7/15)
Best Buy Visa - $1,000 (9/15)


Whatamuji
Centurion Member
Centurion Member
 
Posts: 277
Joined: Wed May 27, 2015 10:08 pm
Location: Houston, TX

Re: Discover Praise

Postby Whatamuji » Fri Jul 10, 2015 2:54 pm

Neither did I when I did the same thing. And if you ever get tired of the categories you can switch back to the previous rewards structure you had before.
Kohls: $300, Discover IT: $1.8k, Capital One Quicksilver: $2k, Amazon Store Card: $2.2k, BoA Cash Rewards: 1k, Chase Freedom: 3.2k, AMEX HHonors 3k

MemberSince99
Centurion Member
Centurion Member
 
Posts: 4913
Joined: Sun May 20, 2012 4:35 pm
Location: WI

Re: Discover Praise

Postby MemberSince99 » Thu Jul 16, 2015 5:11 pm

They are great with rewards and the best CS. They are also the most conservative, stingy lender with limits ever (worse than Cap One's prime cards by far). That's what drives me nuts about them. You will notice your lowest limit is - yep Discover. No surprise there.

But they are great with the rewards and CS.

kdm31091
Centurion Member
Centurion Member
 
Posts: 1009
Joined: Sat Feb 21, 2015 3:35 pm
Location: Claymont, DE

Re: Discover Praise

Postby kdm31091 » Fri Jul 17, 2015 6:49 am

MemberSince99 wrote:They are great with rewards and the best CS. They are also the most conservative, stingy lender with limits ever (worse than Cap One's prime cards by far). That's what drives me nuts about them. You will notice your lowest limit is - yep Discover. No surprise there.

But they are great with the rewards and CS.


Discover was my first "real" card and is my highest limit.

They are stingy with people who show low usage. They like to see heavy, frequent usage. So people with 15 cards who buy a pack of gum a month on Discover won't see any CLIs (I'm not saying that's you, but just saying how they work).

So blanket statements about stinginess don't really apply. Like any lender they are stingy towards some and generous with others, depending on usage/file/etc.

MemberSince99
Centurion Member
Centurion Member
 
Posts: 4913
Joined: Sun May 20, 2012 4:35 pm
Location: WI

Re: Discover Praise

Postby MemberSince99 » Fri Jul 17, 2015 10:01 am

kdm31091 wrote:
MemberSince99 wrote:They are great with rewards and the best CS. They are also the most conservative, stingy lender with limits ever (worse than Cap One's prime cards by far). That's what drives me nuts about them. You will notice your lowest limit is - yep Discover. No surprise there.

But they are great with the rewards and CS.


Discover was my first "real" card and is my highest limit.

They are stingy with people who show low usage. They like to see heavy, frequent usage. So people with 15 cards who buy a pack of gum a month on Discover won't see any CLIs (I'm not saying that's you, but just saying how they work).

So blanket statements about stinginess don't really apply. Like any lender they are stingy towards some and generous with others, depending on usage/file/etc.


You are right - blanket statements don't work. To say that's true about people who already have high limit cards and a great credit history and score, that's VERY true based on both personal experience and reading the results of numerous other people on multiple forums.

They like a certain type of profile, which I personally obviously do not fit. I put a LOT of use on my Discover card until I figured out it was fruitless and that I'd rather give the swipes to lenders who I do more fit the profile they are looking for.

It's simply the truth that they are conservative - I was told that by a CSR who works there on the phone when I called. Are there exceptions? Sure I read about a person on FICO just last week with scores in the 600s and derogs, who got a 13k starting limit from them. THAT seems to be the profile they are looking for (and reward with high limits) not people like me.

Just a fact. I'm glad you got a decent limit out of them, but the facts are what they are. They are REALLY stingy with people that most companies would give higher limits to, and not stingy with people other companies wouldn't give high limits to. They obviously have their own way of doing things, and that way doesn't benefit me personally.

notcool
Platinum Member
Platinum Member
 
Posts: 56
Joined: Sun Jan 26, 2014 2:57 pm
Location: usa

Re: Discover Praise

Postby notcool » Fri Jul 17, 2015 12:51 pm

MemberSince99 wrote:They are great with rewards and the best CS. They are also the most conservative, stingy lender with limits ever (worse than Cap One's prime cards by far). That's what drives me nuts about them. You will notice your lowest limit is - yep Discover. No surprise there.

But they are great with the rewards and CS.


Actually, if you look, his/her lowest limit is not discover, but Bank of America. And, more to the point, all his/her cards have limits between 1,000 and 2,000. There is a lot of interpretation here: you could say that the biggest limit is double the smallest or you could say they are all within the same general ballpark.

notcool
Platinum Member
Platinum Member
 
Posts: 56
Joined: Sun Jan 26, 2014 2:57 pm
Location: usa

Re: Discover Praise

Postby notcool » Fri Jul 17, 2015 12:59 pm

kdm31091 wrote:
MemberSince99 wrote:They are great with rewards and the best CS. They are also the most conservative, stingy lender with limits ever (worse than Cap One's prime cards by far). That's what drives me nuts about them. You will notice your lowest limit is - yep Discover. No surprise there.

But they are great with the rewards and CS.


Discover was my first "real" card and is my highest limit.

They are stingy with people who show low usage. They like to see heavy, frequent usage. So people with 15 cards who buy a pack of gum a month on Discover won't see any CLIs (I'm not saying that's you, but just saying how they work).

So blanket statements about stinginess don't really apply. Like any lender they are stingy towards some and generous with others, depending on usage/file/etc.


I agree kdm31091. My discover limit is very competitive with my other cards. Discover at 12,100. Citi at 13,400. Chase at 12,000 and Barlclay at 9k. Amex beats everyone (20,000k on Blue Cash). ... For what its worth, Discover was the first issuer to give me a 5k limit.

I don't know if discover is "overall" more conservative than the other lenders. But in my case they are in the ballpark. And more important, all the issuers have given me credit lines that are sufficient for my needs.

MemberSince99
Centurion Member
Centurion Member
 
Posts: 4913
Joined: Sun May 20, 2012 4:35 pm
Location: WI

Re: Discover Praise

Postby MemberSince99 » Sat Jul 18, 2015 11:58 am

notcool wrote:
MemberSince99 wrote:They are great with rewards and the best CS. They are also the most conservative, stingy lender with limits ever (worse than Cap One's prime cards by far). That's what drives me nuts about them. You will notice your lowest limit is - yep Discover. No surprise there.

But they are great with the rewards and CS.


Actually, if you look, his/her lowest limit is not discover, but Bank of America. And, more to the point, all his/her cards have limits between 1,000 and 2,000. There is a lot of interpretation here: you could say that the biggest limit is double the smallest or you could say they are all within the same general ballpark.


Where in the cards in his signature is BofA? According to the cards I see in his sig, Discover is the lowest limit card. I sure don't see a BofA card listed there.

And they are one cheap, stingy lender in terms of limit. I'm glad you got a grown up limit out of them, I didn't. And a lot of very qualified people didn't. I granted that some dude with derogs and a 600s score which isn't exactly great got a 13k limit to start - but a hell of a lot people with better credit get 1/3 or 1/4 of that. Just a fact.



Return to “Discover, Diners Club”

Who is online

Users browsing this forum: No registered users and 2 guests