The only two things I hate about Discover..

All about Discover & Diners Club - talk about their credit card deals such as the More, Miles, Escape, and others.
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andy1088
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The only two things I hate about Discover..

Postby andy1088 » Sun Apr 15, 2012 8:51 am

$3,000 to start getting 1% back and of course cash rewards only redeemable in $50 increments. Even though I hate Capital One I can redeem back any amount or get a credit right away and Chase is only $20 for Freedom! I feel like to have a More card you have to be a huge spender.. :money:
My cards
Chase-Sapphire-$5,000 Freedom-$3,000, Amazon rewards-$700, Slate-$600
Citi- Diamond Preferred-$4,000, Thank you-$2,500
Discover IT-$2,500
Bank of America cash rewards-$2,000
Capital one newcomer rewards-$500


CC Deville
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Postby CC Deville » Sun Apr 15, 2012 11:52 am

Yep. Back when they were the only cash back card it made sense to tier their rewards. But now that Chase Freedom, Amex BCE/BCP, Citibank Dividend and BankAmericard Cash Rewards are so much better reward wise, I am surprised that Discover insists on having the tiers before 1%. Maybe there is hope though, they recently upped their cap on rewards to $1,500 for the 5% bonus catagories to better compete with the other cashback cards.

I have had my Discover since 1999. Back then the tiers were .25% up to $999; .50% $1K-$1,999 and .75% $2000-$2999. And then on your anniversary date as long as you had at least $5 they would send you a Cashback Bonus check in the mail. They have been slowly hacking away at their rewards and I have largely stopped using mine back in 2004. I only use it now for the 5% gas and if I need $20-$40 at the grocery store without having to go to the bank. Chase Freedom, Citi Dividend (now sockdrawed) and now BofA (recently upgraded from World Points to Cash Rewards) get most of my business these days.

I believe I only have $28 on my Discover now and that goes back years. Like you pointed out, I need another $22 before I can cash it out. Bummer.

jeffysdad
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Postby jeffysdad » Sun Apr 15, 2012 12:39 pm

If you ever shop at Amazon.com you can register your discover card and then use "pay with points" to buy something with your accrued Discover cashback, no matter how low it is. The only catch is you have to use your Discover card to pay for any overage above your cashback amount.
American Express: Blue Cash Preferred (groceries, 6%; gas, department store, 3%); Gold Delta SkyMiles (Delta Air Lines, 2 miles/dollar, free checked bag).
US Bank: Cash+ (utilities, phone, internet, restaurant, 5%; drugstores, 2%).
FIA Card Services: Fidelity Amex (everything, 2%); Fidelity Visa (everything, 1.5%).
Chase: Freedom (rotating, 5%); Amazon (Amazon.com, 3%); PriorityClub (IHG hotels, 5 points/dollar); Sapphire (not in use).

*All cards are registered with PriorityClub IDine program for 8 points/dollar at participating restaurants.

andy1088
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Postby andy1088 » Sun Apr 15, 2012 2:53 pm

jeffysdad wrote:If you ever shop at Amazon.com you can register your discover card and then use "pay with points" to buy something with your accrued Discover cashback, no matter how low it is. The only catch is you have to use your Discover card to pay for any overage above your cashback amount.

Thanks for your input, that would be great however I don't really use Amazon too much. I actually got a $200 gift card from my job and only managed so far to use $71 leaving me with another $128 I haven't spent lol. I'm not much of a spender and actually used it on some cheap pet supplies.
My cards
Chase-Sapphire-$5,000 Freedom-$3,000, Amazon rewards-$700, Slate-$600
Citi- Diamond Preferred-$4,000, Thank you-$2,500
Discover IT-$2,500
Bank of America cash rewards-$2,000
Capital one newcomer rewards-$500

DavidNY
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Postby DavidNY » Sun Apr 15, 2012 5:05 pm

Discover is a pretty lame card issuer for rewards these days. I got the Open Road card for 5% off gas that one day dropped to 2%. I use it now for 2% off restaurants, cable tv and during my birth month.

The last time I was on the phone with them the rep said that Discover was the first card provider to have rewards. I'm here today and the tiered system is simply not being competitive.

Here's a great Chase ad comparing Chase and Discover cash back programs.

Chase Freedom Money Booth Commercial

PopiLopi
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Postby PopiLopi » Sun Apr 15, 2012 7:15 pm

I only use discover in the rotating categories to get the 5%, but it seems that now that they increased the limit to $1,500 they forgot to include popular categories like travel... the 5% in gas is pretty good, but unless you have a huge gas drinking SUV or have a ridiculously long commute there's no way to spend $500 a month in 3 months... I have a small car and the most I've ever spent is $150 month
Amex: Business Platinum (09/12) BCP $10,500 (03/13)
Visa: Capital One Journey $750 (04/11) Chase Freedom $1,800 (04/12)
MasterCard Citi AAdvantage Platinum Select $8,500 (05/13)
Discover: Discover It $2500 (07/11)
Store Cards: Amazon $3900 (12/11) Macy's $500 (04/11) Kohl's $500 (05/12) Victoria's Secret $750 (11/12)

irvine801
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Postby irvine801 » Sun Apr 15, 2012 9:28 pm

I love my discover. Lowest Apr and highest credit line. And the service is always great. Honestly if u could change anything about it I would change the tier system. I mean great card and I like how its dollars compared points but I hate the tier. ( and I work for them) I've been suggesting remove it! But we have some big changes coming 2013 including TRIPPING European acceptance :)
-American Express Zync.
-Discover IT. 4.5k limit 7.99%
-MC Citi diamond preferred. 1500 limit
-Visa Chase freedom. 2k limit.(23.24%, NOT IN USE)
-Miles by discover 1.5k limit.7.99%
-Best buy store card. 1500 limit
-Mt. America visa 1k limit

Money card
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Postby Money card » Sun Apr 15, 2012 10:15 pm

I agree with you Irvine I love my Discover card to. we do have rotating categories, some cards don't.

right now I love the restaurants on Fridays, who loves the grocery stores?

irvine801
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Postby irvine801 » Sun Apr 15, 2012 10:51 pm

*tripling. Yeah I love it!!!
-American Express Zync.
-Discover IT. 4.5k limit 7.99%
-MC Citi diamond preferred. 1500 limit
-Visa Chase freedom. 2k limit.(23.24%, NOT IN USE)
-Miles by discover 1.5k limit.7.99%
-Best buy store card. 1500 limit
-Mt. America visa 1k limit

Iroquois
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Some love it but the hard facts still should keep Discover at #4 in the wallet

Postby Iroquois » Mon Apr 16, 2012 7:52 am

Those who love Discover certainly sing the praises, but in making 2 decisions, first which card to get and second, which card to use, Discover is appropriately a card for back of the wallet.

Discover as an entity does not have the strength of other issuers so it must be more conservative in its practices. Credit lines are lower, interest rates typically higher for most, merchant acceptance not as widespread, backroom operations and customer service uneven and at best on-par with others at remarkably low rates of satisfaction and meaningful Better Business Bureau issues. Rewards programs not as good as competition. Historically over aggressive in some advertising and the focus of government inquiries ( but almost all issuers are too)

None the less a card worth having inthe back of wallet in case needed ot to use when advertised specials make sense.

Advertsing frequently misdirected with hype not in line with reality. But you do speak to CS in US ( now how often to you need to...and if you need to frequently then something else is broken).

Now on the flipside they do pay really good (relative) returns on savings products ( funds they could raise much cheaper in the open commercial markets) as they are forced to pay up to attract consumer deposits. JMHO.



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