- Platinum Member
- Posts: 99
- Joined: Thu Oct 28, 2010 1:17 pm
- Location: Chicago
Yes of course different things matter to different people and at different times. same holds true for the card issuer; different things matter.
But when you boil things down to the core elements the issuers are extending credit at a price and allowing transaction to take place. All else is secondary and wouldn't matter unless credit was extended and transactions permitted. That's where I was focusing my thoughts when referring to the key things matter.
To oversimplify, my take is that Discover has less access to capital than the bigger issuers and has less diversity of products, so when things get tight, as things did a few years ago, these guys and Amex in particular too , might have much less flexibility to juggle and greater need to pull in their horns faster and more deeply. I think that a fair amount of that is what happened too in the real world. If so, its nice to get the sense that Discover is gradually becoming more competitive. But I also think that the words that they advertise and impression that they convey is really out of sync with reality/ although its even more extreme for AMEX. Just my opinion.
I do carry a balance from time to time on certain cards when it makes sense to me to do so.
If you want to keep your costs, or your potential costs down ( if you ever need or want to revolve it is nice to have the best possible rates or prices), I think you have to ask your issuer. You'll get a real sense of just how competitive they are, which is both good to know and good to have. What's the downside ? And it separates facts from image.