300 dollar ceiling, again

All about Discover & Diners Club - talk about their credit card deals such as the More, Miles, Escape, and others.
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Money card
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300 dollar ceiling, again

Postby Money card » Thu Aug 25, 2011 7:41 pm

I called Discover earlier tonight , I asked what are the rotating categories in October.
the account mgr said clothing stores, department stores and restaurants. I asked what is the cap, that person mentioned 300. does Discover want us to use their card? or do they want us to keep track of what we spend?

I signed up on June 29th or 30th for the hotels, theme parks, movies and gas. that category
ends september 30th. it's not even august 31st yet and I already have 275 on the card. the movies will take me to 295.

again a low low cap. how come the last category of home improvement and whatever else was a 400 dollar cap, while the important categories like gas for july, august, sept and clothing stores with department stores oct, nov and dec are 300?

for anybody that's wondering walmart and target aren't department stores they are discount stores, that is what the account mgr told me. however the outlets count and Neiman Marcus and saks 5th ave count as department stores even though they are not at the main malls.

does anybody know why the low 300 caps again, instead of 800 or 600?

Does Discover want us to use their card or Visa, Mastercard, American express and Jcb?

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Postby sticf » Fri Aug 26, 2011 6:29 am

I cannot explain why they keep the return rates low. However, it is their game and they make the rules...

I will give this observation. Most people do not know the full benefits of their credit cards. Most do not even pay attention to other credit cards on the market. They use what they have used "forever". They have a pattern of which card to use where (even if it is the same card everywhere), and they like the "comfort" of that pattern. I have had to explain to several people that to get the 5% they have to sign up every quarter. They were using the card w/out really paying attention to the rewards program trusting that the company would do it for them. I would say that most Discover customers do not know the limits to the 5% quarterly bonuses.

The statements above usually do not apply to participating members of this board. By being members we have shown that we have a greater interest in the "card game". We have an advantage over other customers in the market. We have a place to gather information on other credit cards that may be more competitive. We are more sensitive to the changes in rewards programs.

Even though I was doing a good job with credit cards before joining this board, I have changed some plans because of new information.

The short of it....
I think they do it because they can get away with it. People are continuing to use the card even with these low limits. Most customers are really not "tuned into" the details of the credit cards they carry.

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Postby DavidNY » Fri Aug 26, 2011 12:23 pm

sticf wrote:Most customers are really not "tuned into" the details of the credit cards they carry.

Yup. Credit card complacency can be financially hazardous.

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