Getting 5% cash back on movies is a bad idea

All about Discover & Diners Club - talk about their credit card deals such as the More, Miles, Escape, and others.
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PopiLopi
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Postby PopiLopi » Sun May 06, 2012 10:57 am

This year Discover changed its cap on rotating categories from $300 to $1500... But they added categories that most people will never spend $1500 on and removed great ones like fashion and travel. I'm only using discover to pay my electric bill since they don't charge you a fee thru charge smart, besides that, they won't get money from me.
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)


American
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Postby American » Sun May 06, 2012 10:11 pm

I cannot figure out a reason to look ever at discover cards. They all seem well below average on rewards, and when you pair that with the low credit limits they give and a low acceptance rate; it just seems dumb even to consider them. I also hear their redemption means are hard to figure out.
American Express '02: Platinum, Blue Cash Preferred 6k, SPG 2k, Delta Gold 1k
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Chase: Freedom 500
Discover '12: Discover IT 1.5k

ModdedMach
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Postby ModdedMach » Mon May 14, 2012 11:05 am

As far as beauty shops, i dont think that appeals to all customers, mostly the ladies. Theres nothing wrong with that but if you notice, the categories they do have appeal to every customer, unless you are a recluse and you dont go out to eat ever lol.

As far as the above mentioned quote "They all seem well below average on rewards, and when you pair that with the low credit limits they give..." I dont really agree, respectfully, I think the 5% back is great, especially the 5% in Gas station purchases for 6/12 months this year, i spend about 6k+ a year in gas, not including any food/drink i may purchase there. And as far as the low intial CL, im 22, own a house, have a car loan, and have "nice" credit, its not bad, but its nothing stellar (maybe it is in this economy idk) and Discover approved me yesterday for the card with a $6500 initial CL. I dont think thats too low, and since between gas/other categories per month ill most likely spend around 500-700 a month on average PIF every month. That makes my credit utilization percentage with only 1 card around 7.7%-10.6%, which isnt bad considering i only have 1 card with 6500 dollar limit.

My point is for a first card, it not too bad, but the card a really want is the Amex BCP :) yesss.

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danpass
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Postby danpass » Mon May 14, 2012 11:34 pm

5% cashback on a $10 movie doesn't float my boat.

And when the choice comes into play and I instead choose to rack up Amex membership points over using Discover cash back, I ended up putting the Discover in the drawer as a result.

Might be a factor of being forced to PIF Amex each month as I drove myself to using Amex for that very purpose. I suppose as I continue ingraining that habit I'll move into using the revolvers more often.

hematino
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Postby hematino » Tue May 15, 2012 6:59 pm

American wrote:I cannot figure out a reason to look ever at discover cards. They all seem well below average on rewards, and when you pair that with the low credit limits they give and a low acceptance rate; it just seems dumb even to consider them. I also hear their redemption means are hard to figure out.


You heard wrong. Actually their redemption means are as easy if not easier than a lot of the bigger issuers. With a few mouse clicks, you can get actual cash direct deposited into your account (in increments of 50), get a statement credit, and partner gift cards among other things. And the partner cards usually value higher than what you redeem to get them (i.e. a $20 redemption trading for a $25 gift card). I selected a gift card for my god son and it was in my mailbox less than a week later. Doesn't get much easier than that.

I don't find that acceptance is too bad, but you're right, Discover does hand out some pretty pathetic credit limits.
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ModdedMach
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Postby ModdedMach » Thu May 17, 2012 3:06 pm

danpass wrote:5% cashback on a $10 movie doesn't float my boat.


I dont even go to the movies man, lol, i just was saying it appeals to the customer more, my discover more will be used for gas and groceries mostly, 6months this year on Gas is gonna yield me some dinero :)

Im jealous for sure tho, i want an Amex so bad, i would benefit hugely from a BPC

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Postby Money card » Sat May 19, 2012 9:44 pm

ModdedMach wrote:As far as beauty shops, i dont think that appeals to all customers, mostly the ladies. Theres nothing wrong with that but if you notice, the categories they do have appeal to every customer, unless you are a recluse and you dont go out to eat ever lol.

As far as the above mentioned quote "They all seem well below average on rewards, and when you pair that with the low credit limits they give..." I dont really agree, respectfully, I think the 5% back is great, especially the 5% in Gas station purchases for 6/12 months this year, i spend about 6k+ a year in gas, not including any food/drink i may purchase there. And as far as the low intial CL, im 22, own a house, have a car loan, and have "nice" credit, its not bad, but its nothing stellar (maybe it is in this economy idk) and Discover approved me yesterday for the card with a $6500 initial CL. I dont think thats too low, and since between gas/other categories per month ill most likely spend around 500-700 a month on average PIF every month. That makes my credit utilization percentage with only 1 card around 7.7%-10.6%, which isnt bad considering i only have 1 card with 6500 dollar limit.

My point is for a first card, it not too bad, but the card a really want is the Amex BCP :) yesss.


As far as beauty only applying to the ladies you are correct to a certain point. in the second quarter which is April, May and June. Mothers day is in May, doesn't it make sense to get rid of movies and have beauty, so for example people can buy gifts at Sephora or the Body Shop? Sons can buy their mom a gift or a gift card, plus there are girls who celebrate birthdays in those months. Anybody who has a sister can buy them a gift or a gift card.

however movies cost about 10.00 or so depending upon the area. you can just pay cash, if you are taking a family of 4 out that would be 40.00. even though movies cost more we get paid more. I think Discover should have beauty instead of movies.

when I bought my mom a origins gift card I paid cash. Origins is like Bath and body works, body shop.

I do agree with you movies appeal to all cardmembers and is better for the first quarter, winter time Jan, Feb and March.



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