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About LinkBacksAs stated on the Discover site, January-March 2012's 5% categories are Gas, Museums and Movies with a cap of $1,500.
It appears all those Chase Freedom ads caused Discover to raise their limit, so if you have both, you could be in for a big year.
April-June 2012 has been announced to be Dining out and Movies with the same $1,500 cap.
Exciting news for me as a holder of both Discover More and Freedom.
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Green Member
- Join Date
- Sep 2011
- Location
- St. Louis
- Posts
- 14
Discover raises reward caps/limits to $1,500 for 5%
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Centurion Member
- Join Date
- Jun 2011
- Location
- Down South
- Posts
- 196
Do you get a lot of benefit from having both of them? I just saw the Chase Freedom add. Discover is definitely stepping up their game.
Cards
Visa: BofA Cash rewards Visa Signature (1% on everything)
Kroger 123 Rewards Visa, Ascend FCU Platinum Visa (1% back), Penfed Platinum Cash Rewards Visa (5% on Gas)
BofA Cash Reward Platinum Plus (1% on everything, 2%on groceries, 3% on gas), Penfed Platinum Rewards Visa ( 5 points on gas, 3 points on groceries, 1 point on everything else)
Discover: Discover More (5% back rotating categories), Discover Miles (2% on travel and restaurants, double miles on phone, internet, and tv
Amex: Gold Card, BofA Accelerated Cash Rewards (1.5% on everything)
Express Store card (points for gift certificates and special deals)
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Centurion Member
- Join Date
- Jun 2011
- Location
- New York state
- Posts
- 868
I don't know if you get a lot of benefits from having both cards. since they are 2 different companies I'm going to say no. But then again it depends on your financial situation, the categories they offer will you be able to use them? I guess it would be up to you.
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Centurion Member
- Join Date
- Apr 2009
- Location
- Texas
- Posts
- 540
Comparing the 5% calendars for Chase Freedom and Discover More and Chase still wins, imo, except for second quarter, which is a tie...
1Q: Chase is Gas and Amazon (!!!) while Discover is Gas and Entertainment (movies and museums as noted above).
2Q Chase is Groceries and Movie theaters while Discover is Restaurants and Movies; during this Q I'll use Chase for the groceries and Discover for Restaurants; otherwise no need for me to use Discover rest of year.
3Q Chase is Gas again and Restaurants while Discover is Gas and "Summer Fun," whatever that is.
4Q Chase is Hotels, Airlines, Best Bu and Kohls while Discover is "Holiday Shopping." Neither appeals to me in this case.
Considering the duplication of reward categories throughout the year, the wider acceptance of Visa over Discover and the fact that as a Chase customer my rewards are goosed up a bit because I have checking with them, there really is no reason to use Discover unless I exceed the Chase rewards cap, which I won't. I will pick up that second quarter restaurant bonus from Discover, though, and use the points, which probably would otherwise be stranded, to "pay with points" on Amazon.com.CARDS (and why)
FIA Card Services: Fidelity Amex (best cash back excepting 5% cards), Fidelity Visa (spare)
Chase: Freedom (only for 5% reward categories, purchases under $10), Sapphire (not in use), Amazon Rewards (for Amazon purchases only)
CapitalOne: No Hassle Rewards (no foreign transaction fee, my only MasterCard, not in use)
Amex: Blue Cash Everyday (not in use)
Discover: More (only for 5% reward categories)
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Green Member
- Join Date
- Sep 2011
- Location
- St. Louis
- Posts
- 14
By having both, I have another solid cash back option (that's more widely accepted) in the Visa Chase Freedom. I've been turned down several times with Discover, which in turn leaves me paying with cash or debit which doesn't earn any cash back.
Also, once my anniversary month is up, Discover only gives 0.25% back on the first $3,000 spent. Freedom doesn't do this, so that's an obvious plus as well.
Basically, I wanted two high cash back cards, one of which I knew would be accepted everywhere.
...also got an awesome $300 bonus from Freedom which sweetens the deal.
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Centurion Member
- Join Date
- Jun 2011
- Location
- Down South
- Posts
- 196
I like how easy and quick it is to get my gift certificates when I redeem my cash back with Discover. How easy and quick is it to redeem with Chase Freedom?
Cards
Visa: BofA Cash rewards Visa Signature (1% on everything)
Kroger 123 Rewards Visa, Ascend FCU Platinum Visa (1% back), Penfed Platinum Cash Rewards Visa (5% on Gas)
BofA Cash Reward Platinum Plus (1% on everything, 2%on groceries, 3% on gas), Penfed Platinum Rewards Visa ( 5 points on gas, 3 points on groceries, 1 point on everything else)
Discover: Discover More (5% back rotating categories), Discover Miles (2% on travel and restaurants, double miles on phone, internet, and tv
Amex: Gold Card, BofA Accelerated Cash Rewards (1.5% on everything)
Express Store card (points for gift certificates and special deals)
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Centurion Member
- Join Date
- Apr 2009
- Location
- Texas
- Posts
- 540
FB, if you have a Chase checking, you can have rewards deposited to your account electronically.
CARDS (and why)
FIA Card Services: Fidelity Amex (best cash back excepting 5% cards), Fidelity Visa (spare)
Chase: Freedom (only for 5% reward categories, purchases under $10), Sapphire (not in use), Amazon Rewards (for Amazon purchases only)
CapitalOne: No Hassle Rewards (no foreign transaction fee, my only MasterCard, not in use)
Amex: Blue Cash Everyday (not in use)
Discover: More (only for 5% reward categories)
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Centurion Member
- Join Date
- Jun 2011
- Location
- Down South
- Posts
- 196
I'm going to consider this card. I have 3 on the radar: This, citi forward, and Amex BCP. I'm probably going to get rid of my AMEX gold and replace it with one of these 3 cards.
Cards
Visa: BofA Cash rewards Visa Signature (1% on everything)
Kroger 123 Rewards Visa, Ascend FCU Platinum Visa (1% back), Penfed Platinum Cash Rewards Visa (5% on Gas)
BofA Cash Reward Platinum Plus (1% on everything, 2%on groceries, 3% on gas), Penfed Platinum Rewards Visa ( 5 points on gas, 3 points on groceries, 1 point on everything else)
Discover: Discover More (5% back rotating categories), Discover Miles (2% on travel and restaurants, double miles on phone, internet, and tv
Amex: Gold Card, BofA Accelerated Cash Rewards (1.5% on everything)
Express Store card (points for gift certificates and special deals)
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Centurion Member
- Join Date
- Aug 2011
- Location
- Phoenix
- Posts
- 398
Discover is doing gas twice next year. Kind of nice; however, after this year having groceries for only one month, for 2012 Discover has completely done away with groceries.
Good to see that the original cash back card has noticed that they had fallen way behind and are becoming more competitive. Discover is a great company to deal with.
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Centurion Member
- Join Date
- Aug 2011
- Location
- Phoenix
- Posts
- 398
Chase Freedom is easy as well. They have a separate site called Ultimate Rewards where you can redeem points for cash, gift cards etc. Your choice goes into a shopping cart and then it is fulfilled.
Originally Posted by FutureBillionaire
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