Discover Q1 2016 Category Released

All about Discover & Diners Club - talk about their credit card deals such as the More, Miles, Escape, and others.
kdm31091
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Re: Discover Q1 2016 Category Released

Postby kdm31091 » Wed Nov 25, 2015 7:30 am

JonE wrote:Restaurants, Gas and Groceries are my big 3. Hopefully Online Shopping returns for 4th Qtr 2016.


Sadly I think the generic "online shopping" is probably dead for good. I imagine it was too good to last! I hope I'm wrong though.

There's some naysayers on MF talking about how Discover's bottom line must be being killed by the apple pay promo and stuff, and basically how it was a bad decision. Since the people moaning the loudest don't even have discover cards, I'm guessing they are just jealous they missed out! I don't even have apple pay/iphone, but it makes me laugh when people say "this will put discover out of business!". Um no, no it won't. Worse comes to worst they simply don't do the money-losing promo again and that's that.


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Re: Discover Q1 2016 Category Released

Postby Vattené » Wed Nov 25, 2015 1:36 pm

I actually like the department and clothing stores category better, but everyone's spending preferences are different.

Funny how they can know Discover's books better than the executives running the company. It's easy to underestimate just how much big banks make from interest and fees. I know I'm guilty of it myself. The fact is we're a pretty niche community of people that want to use credit cards for everything to the point of actively managing different cards to maximize rewards. Regular PIFers are even in the minority. Even if Discover is projecting they'll lose money from this promo (and their projections are worth a lot more than our speculation), it just means they're playing a longer game. I'd speculate building brand loyalty from the general populace is pretty valuable.
-Vattené
FICO-8:
EX - 827 (4/17) | TU - 812 (4/17)
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

kdm31091
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Re: Discover Q1 2016 Category Released

Postby kdm31091 » Sun Nov 29, 2015 11:53 am

Vattené wrote:I actually like the department and clothing stores category better, but everyone's spending preferences are different.

Funny how they can know Discover's books better than the executives running the company. It's easy to underestimate just how much big banks make from interest and fees. I know I'm guilty of it myself. The fact is we're a pretty niche community of people that want to use credit cards for everything to the point of actively managing different cards to maximize rewards. Regular PIFers are even in the minority. Even if Discover is projecting they'll lose money from this promo (and their projections are worth a lot more than our speculation), it just means they're playing a longer game. I'd speculate building brand loyalty from the general populace is pretty valuable.


Exactly. It just blows my mind because many of the loudest naysayers are people who don't even have Discover. It's like, why do you care? Jealous much? No other company has down a double promo before that I know of, especially a double promo with cold hard cash, not points or miles.

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Re: Discover Q1 2016 Category Released

Postby yfan » Thu Dec 03, 2015 3:40 pm

Nice. Maybe I'll think about a road trip in January. Otherwise the gas quarter is pretty useless for me. I get my gas from Costco, and 5% cashback doesn't even come to covering the price difference between other gas stations and Costco here, not to mention the Costco Amex itself has an additional 3% back on gas, including Costco gas. I am going to Vegas for Valentine's day, and will be using Uber, but Capital One's 20% Uber promo lasts until April I think.

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Re: Discover Q1 2016 Category Released

Postby oldsoldier » Thu Dec 03, 2015 6:02 pm

Gas doesn't help me much anymore since I want be buying any next year. My job pays for all my gas needs. I need more groceries and department stores now.
BoA Cash Rewards $13,000
Chase Sapphire Preferred $14,000
BoA Better Balance $12,000
Amex Every Day $24,000
Discover It $19,000
NFCU Cash Rewards $25,200
Barclay Arrival WMC $10,000
Cap One QuickSilver WMC $7,200
WF Cash back Visa Sig $11,000
Citi Thank You Premier $13,500

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Re: Discover Q1 2016 Category Released

Postby Vermonster » Thu Dec 03, 2015 10:31 pm

oldsoldier wrote:Gas doesn't help me much anymore since I want be buying any next year. My job pays for all my gas needs. I need more groceries and department stores now.


Upgrade to the Everyday Preferred, you'll see quite a spike in rewards :)
Chase Freedom $9k~~Chase Sapphire Preferred $6.5k~~Amex Blue Cash Preferred $12.4k~~Citi Double Cash $4.7k

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Re: Discover Q1 2016 Category Released

Postby 4ktvs » Mon Jan 11, 2016 10:37 am

Q2 is restaurants and movies, Q3 is home improvement, Q4 is amazon and department stores. I have my ways. :)

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Re: Discover Q1 2016 Category Released

Postby Vattené » Mon Jan 11, 2016 11:28 am

I guess Discover is keeping their cards close to their chest this year (the public calendar is saying each category won't be released until two months before the start of the quarter), but that sounds about right.
-Vattené
FICO-8:
EX - 827 (4/17) | TU - 812 (4/17)
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

kdm31091
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Re: Discover Q1 2016 Category Released

Postby kdm31091 » Mon Jan 11, 2016 12:59 pm

4ktvs wrote:Q2 is restaurants and movies, Q3 is home improvement, Q4 is amazon and department stores. I have my ways. :)


So more or less the same as 2014/2015. I guess at least they are being consistent (although movies being their own category is kind of a joke; they should expand it to "entertainment" including music downloads, bowling, stuff like that).

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Re: Discover Q1 2016 Category Released

Postby yfan » Mon Jan 11, 2016 6:14 pm

kdm31091 wrote:
4ktvs wrote:Q2 is restaurants and movies, Q3 is home improvement, Q4 is amazon and department stores. I have my ways. :)


So more or less the same as 2014/2015. I guess at least they are being consistent (although movies being their own category is kind of a joke; they should expand it to "entertainment" including music downloads, bowling, stuff like that).

It'd be nice if they did that. Although I suppose the current structure would include special events at movie theaters, since it'd bill the same way.

I don't spend much money directly at theaters, if at all. Again, Costco has movie tickets at a significant discount all the time (currently $18 for a set of 2 Century Theaters tickets, and around here, movies run $12-$13 per ticket at the box). Restaurants I'll probably use some of, although I'm cooking at home more and more now, so it'd be nice to see a grocery quarter for those of us without a EDP/BCP. Then again, Costco eats up most of my grocery spend and some of my restaurant spend with discounted gift cards too (especially the mid-range places).



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