Anyone seen the new Discover ad?

All about Discover & Diners Club - talk about their credit card deals such as the More, Miles, Escape, and others.
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MemberSince99
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Anyone seen the new Discover ad?

Postby MemberSince99 » Sat Mar 30, 2013 9:02 am

I saw it last night on TV, they showed the IT card and mentioned how if you lose your job, Discover will help by reducing your payments.

I'm not going to preach to you guys like a credit report thumping FICO wild eyed fanatic about how carrying a balance in the first place is BAD you already know that.

But what I found interesting is, they said it shows they have a "heart". Now I've worked in corporate America all my adult life, and I can tell you that NOTHING and I mean NOTHING any company I've worked for has ever done has been because they had a "heart". Anything that looks like a goodwill gesture has been designed to gain business and make more money in the long run - period. There simply is no other motivation. That's the way it is. So I thought about it, and I realized it's not because they have a "heart", it's so they can keep you making payments rather than default where they may never see a dime. But having a "heart" sounds a lot better doesn't it?

I've actually read stories on the internet of people who lost their jobs and worked with Discover to pay the debt back over time. When they finally paid it, Discover closed their account and told them to basically go to hell, despite the promises made (not in writing of course).

But that still beats having vultures come after you I guess!


AMEXPlatino86
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Postby AMEXPlatino86 » Sat Mar 30, 2013 11:29 am

Well remember a lot of the CC's are doing that right now. I used to have them attach to my cards but I don't see the logical sense now. I'm not too deep in the hole but I at least make the minimum payments to make it seem like everything is under control.
Wells Fargo Platinum 2.100 (5/2011-cld 7/12/14)
AmEx Platinum (6/12)
Barclays Apple (6/12)
AMEX Gold Delta (5/13)
Marriott Rewards (7/14)

My credit score :cool:
EQ: unknown
EX: 762
TU: 752

Barack Obama
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Postby Barack Obama » Sat Mar 30, 2013 12:44 pm

So what you're saying is that a publicly traded company is actually looking to make money? I think we all know that. It's a nice feature nonetheless.

MemberSince99
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Postby MemberSince99 » Sat Mar 30, 2013 5:20 pm

No, that's obvious. I'm saying it's just advertising BS to try to make them look like good guys, when that isn't the REAL objective behind it at all, it's to collect money. Understandable and smart, but certainly not something they are doing because they found Buddha or they're just all heart.

Square Obsidian
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Postby Square Obsidian » Sat Mar 30, 2013 10:08 pm

I am pretty sure they put this ad out because of the government budget cuts. I know at usaa employees have been notified to be more understanding of our member's situations because of it.
Amex BCE $12,000 5/17
Chase Freedom $3,700 5/17
Discover it $1,250 5/17
CO QuickSilver $1,250 5/17

cashback
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Postby cashback » Sun Mar 31, 2013 12:24 am

If you think any big business is out there for anything other than making money, you are sadly mistaken... They will always advertise to make themselves out to be the good guy.

On a related note, my wife has student loans that we are paying off. She recently decided that she would like to go back to school and get her nursing degree. Since she is back in school, she has the "wonderful" opportunity to defer her student loans while she is in school. She doesn't have to make any payments on her loans!!!! Sounds great right?!?! Well to some people it does, but what they do not know is that it continues to accrue interest.

Needless to say, we are still paying the loans and not taking the "wonderful" opportunity to defer. But it goes to show what lengths some businesses are willing to take in order to fool you into paying more fees/interest.
Credit Cards
Amex BCE 25K ---- PenFed Platinum Rewards 15.5K --- US Bank Cash+ 12K --- Discover IT 6K --- Citi Dividend 5K --- Chase Freedom 12.5K --- Amex SPG 6K --- Citi Thank You Preferred 15K

Not Used
Citi Simplicity - 5K, Sam's Club Discover - 10K

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Sallie Mae World Mastercard

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Exp 772 - TU 781 - Equ 781

MemberSince99
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Postby MemberSince99 » Sun Mar 31, 2013 7:12 am

I had to defer my loans for a short time while I was unemployed. If I recall they do continue to accrue interest. But the rate is so low that unless you did something nuts like go 100k in the hole, it's not that big of a deal.

Dman316
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Postby Dman316 » Sat Apr 13, 2013 10:46 am

MemberSince99 wrote:No, that's obvious. I'm saying it's just advertising BS to try to make them look like good guys, when that isn't the REAL objective behind it at all, it's to collect money. Understandable and smart, but certainly not something they are doing because they found Buddha or they're just all heart.


Ironically my friend has a coffee shop called Coffee Buddha. But anyways they only care about money. Discover, that is.
My Cards

Chase Freedom Visa Signature: $5.2K
Capital One Quicksilver Visa: $7.5K
Discover IT: $5.5K
Huntington Voice World Mastercard: $1.6K

In the garden indefinitely.



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