IT at full 1%

All about Discover & Diners Club – talk about their credit card deals such as the More, Miles, Escape, and others.
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irvine801
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IT at full 1%

Postby irvine801 » Wed Nov 28, 2012 9:09 pm

I just heard at work that it will be a full 1% cashback with no tier beginning 2013.... Just a rumor but I seriously hope its true!
-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


MemberSince99
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Postby MemberSince99 » Wed Nov 28, 2012 10:08 pm

It will at least make them competitive. Would be very nice indeed.

agp
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Postby agp » Wed Nov 28, 2012 10:36 pm

It's not at 1% now?

Main Card: Amex Platinum
For gas: Penfed Platinum Cash Rewards
For travel & dining: Chase Sapphire Preferred


trumpet-205
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Postby trumpet-205 » Wed Nov 28, 2012 11:23 pm

irvine801 wrote:I just heard at work that it will be a full 1% cashback with no tier beginning 2013.... Just a rumor but I seriously hope its true!


Really? With tier removed and no 0.25% permanent on Walmart, Dollar Tree, etc?

Full 1% combined that with discounted gift card ($20 for $25 GC) will make it my daily use card!
In My Wallet:
Citi Forward (12/2010) | Citi TY Preferred (05/2011) | Chase Freedom (11/2011) | GECRB/PayPal (05/2012)
Discover it (07/2012) | AMEX BCP (09/2012) | TD/Target REDCard (10/2012) | Chase Ink Classic (11/2012)
BofA BBR (04/2013) | FNBO/Overstock.com (02/2014) | Barclaycard Arrival (04/2014) | FIA/Fidelity AMEX (04/2014)

cashback
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Postby cashback » Wed Nov 28, 2012 11:37 pm

trumpet-205 wrote:
Full 1% combined that with discounted gift card ($20 for $25 GC) will make it my daily use card!


Where do you get 20% discounted GC's from?
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

Future Cards
Sallie Mae World Mastercard

FICOs
Exp 772 - TU 781 - Equ 781

trumpet-205
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Postby trumpet-205 » Wed Nov 28, 2012 11:45 pm

You can redeem discounted gift card with your cashback at Discover.
In My Wallet:
Citi Forward (12/2010) | Citi TY Preferred (05/2011) | Chase Freedom (11/2011) | GECRB/PayPal (05/2012)
Discover it (07/2012) | AMEX BCP (09/2012) | TD/Target REDCard (10/2012) | Chase Ink Classic (11/2012)
BofA BBR (04/2013) | FNBO/Overstock.com (02/2014) | Barclaycard Arrival (04/2014) | FIA/Fidelity AMEX (04/2014)

cashback
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Postby cashback » Thu Nov 29, 2012 12:24 am

trumpet-205 wrote:You can redeem discounted gift card with your cashback at Discover.


At 1% cash back and giving 20% discounted gift cards is equal to 1.2% cash back if my math is correct. Which isn't that great.
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

Future Cards
Sallie Mae World Mastercard

FICOs
Exp 772 - TU 781 - Equ 781


American
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Postby American » Thu Nov 29, 2012 5:09 am

I've actually really enjoyed having an IT card. I've hardly used it since I got it back in August, and I'm already at $50 cash back.

Definitely would see more play if it was at 1%.
American Express '02: Platinum, Blue Cash Preferred 6k, SPG 2k, Delta Gold 1k
Barclaycard '11: Apple Financing Card 2.5k
Citi: Diamond Rewards 1.5k
Chase: Freedom 500
Discover '12: Discover IT 1.5k

DavidNY
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Postby DavidNY » Thu Nov 29, 2012 10:19 am

That will place it in the same category as all the other 1% cards, with only half the rewards of a Priceline or Fidelity Amex card.

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djrez4
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Postby djrez4 » Thu Nov 29, 2012 11:39 am

But, it has 5% bonus categories, which the Priceline and Fidelity lack.

I think this update would put it a step above the Freedom in pure cash-back, but Freedom still offers the ability to transfer points to a CSP for travel redemption.

irvine801 - A transition to a points system with the ability to transfer points from IT to a Discover Miles or Escape card would increase value even more.
[RIGHT][size=100]- Sapphire Preferred - Freedom - Ink - Platinum - Everyday Preferred -[/size]
[/RIGHT]



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