Why is Freedom always rated ahead of Discover?

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
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Vermonster
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Re: Why is Freedom always rated ahead of Discover?

Postby Vermonster » Mon Dec 28, 2015 4:34 pm

yfan wrote:
CarefulBuilder14 wrote:Went to a group dinner, put the $500 bill on CSP, and got cash reimbursements for others' shares.

A few of those charges can certainly soften the blow of an annual fee. :)

I am not as nice as your friends :ppp. I would have insisted putting my part of the bill on one of my cards. :cheers:


This is the quickest way to make a credit nerd show his hand. :ppp

The second fastest is to put the CSP down then say "Oh not that one" as you replace it with your standard debit card. Watch your friends for signs of physical struggle as they try to contain themselves.
Chase Freedom $9k~~Chase Sapphire Preferred $6.5k~~Amex Blue Cash Preferred $12.4k~~Citi Double Cash $4.7k


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Vattené
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Re: Why is Freedom always rated ahead of Discover?

Postby Vattené » Tue Dec 29, 2015 12:23 pm

I'm guilty of some credit nerd behavior at JCPenney, but I'm sure the cashiers thought I was either really irresponsible/disorganized about my finances or just straight up crazy.

I wanted to use my Amex offer, which required $50. Anything over that would be a waste when I could get 10% on Discover. I had three things, and made my wife check out with two that just went over $50, while I got in the next line to use Discover on a separate transaction. I'm done first, and my wife discreetly waves me over because the cashier uses a coupon to give us 20% off one thing, which made the transaction $49.36. I appreciated her helpfulness, but she had no way of knowing her discount would have actually cost me money. I practically yanked the Amex out of my wife's hand and shoved the Discover in.
-Vattené
FICO-8:
EX - 809 (11/16) | TU - 803 (11/16)
Primary Cards:
American Express EveryDay - $20,000 (10/14)
Discover it - $23,000 (2/14)
AU on Barclay Sallie Mae - $10,000 (8/15)
plus several store accounts of varying usefulness now

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CarefulBuilder14
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Re: Why is Freedom always rated ahead of Discover?

Postby CarefulBuilder14 » Tue Dec 29, 2015 12:46 pm

Vattené wrote:I'm guilty of some credit nerd behavior at JCPenney, but I'm sure the cashiers thought I was either really irresponsible/disorganized about my finances or just straight up crazy.

I wanted to use my Amex offer, which required $50. Anything over that would be a waste when I could get 10% on Discover. I had three things, and made my wife check out with two that just went over $50, while I got in the next line to use Discover on a separate transaction. I'm done first, and my wife discreetly waves me over because the cashier uses a coupon to give us 20% off one thing, which made the transaction $49.36. I appreciated her helpfulness, but she had no way of knowing her discount would have actually cost me money. I practically yanked the Amex out of my wife's hand and shoved the Discover in.

A month or so ago I was in a Whole Foods, with items in my cart that I thought would cost about $65. Of that, I had an immediate use for $45 of it, and added $20 of stuff that was on sale and had a long shelf life (and that I'd be buying, anyway, before long).

I actually got uneasy when the cashier added in savings from a coupon I hadn't known about. The coupon only saved me $3, so the total was $62. I still qualified for the $10 off $60+ Amex offer, but I was absolutely ready to throw in an "impulse buy" purchase of $1 or $2 to get over $60 again!
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
SD: Arrival BrooksBros BCE ED IHG
Letting new accounts cool off since May
Really not sure what I'll add next or when

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Vattené
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Re: Why is Freedom always rated ahead of Discover?

Postby Vattené » Tue Dec 29, 2015 2:14 pm

CarefulBuilder14 wrote:A month or so ago I was in a Whole Foods, with items in my cart that I thought would cost about $65. Of that, I had an immediate use for $45 of it, and added $20 of stuff that was on sale and had a long shelf life (and that I'd be buying, anyway, before long).

I actually got uneasy when the cashier added in savings from a coupon I hadn't known about. The coupon only saved me $3, so the total was $62. I still qualified for the $10 off $60+ Amex offer, but I was absolutely ready to throw in an "impulse buy" purchase of $1 or $2 to get over $60 again!

A rare instance when spending money actually does save you money.
-Vattené
FICO-8:
EX - 809 (11/16) | TU - 803 (11/16)
Primary Cards:
American Express EveryDay - $20,000 (10/14)
Discover it - $23,000 (2/14)
AU on Barclay Sallie Mae - $10,000 (8/15)
plus several store accounts of varying usefulness now

augiedog
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Re: Why is Freedom always rated ahead of Discover?

Postby augiedog » Wed Dec 30, 2015 1:07 pm

Vattené wrote:I'm guilty of some credit nerd behavior at JCPenney, but I'm sure the cashiers thought I was either really irresponsible/disorganized about my finances or just straight up crazy.

I wanted to use my Amex offer, which required $50. Anything over that would be a waste when I could get 10% on Discover. I had three things, and made my wife check out with two that just went over $50, while I got in the next line to use Discover on a separate transaction. I'm done first, and my wife discreetly waves me over because the cashier uses a coupon to give us 20% off one thing, which made the transaction $49.36. I appreciated her helpfulness, but she had no way of knowing her discount would have actually cost me money. I practically yanked the Amex out of my wife's hand and shoved the Discover in.


Couldn't you just have done a split transaction? Ask the cashier to put the first $50 on your Amex card and the remainder on your Discover. I haven't personally done this at JCPenny, but many retailers seem to be set up for this.
American Express: Blue Cash Everyday (10k), Everyday, ; Discover It (7.3k) ; Target (2.1k)

Citi: Diamond (2k) ; Bank of America: Cash Rewards (2.6k) ; Capital One: Quicksilver (3k) , Sony ; Chase: Freedom (3.7k), Slate (3k), (Amazon) ; Barclay Ring ; Synchrony: Walmart MC, Amazon, Ebates

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Vattené
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Re: Why is Freedom always rated ahead of Discover?

Postby Vattené » Thu Dec 31, 2015 10:56 am

augiedog wrote:
Vattené wrote:I'm guilty of some credit nerd behavior at JCPenney, but I'm sure the cashiers thought I was either really irresponsible/disorganized about my finances or just straight up crazy.

I wanted to use my Amex offer, which required $50. Anything over that would be a waste when I could get 10% on Discover. I had three things, and made my wife check out with two that just went over $50, while I got in the next line to use Discover on a separate transaction. I'm done first, and my wife discreetly waves me over because the cashier uses a coupon to give us 20% off one thing, which made the transaction $49.36. I appreciated her helpfulness, but she had no way of knowing her discount would have actually cost me money. I practically yanked the Amex out of my wife's hand and shoved the Discover in.


Couldn't you just have done a split transaction? Ask the cashier to put the first $50 on your Amex card and the remainder on your Discover. I haven't personally done this at JCPenny, but many retailers seem to be set up for this.

I've never tried that before, but will give it a shot if I'm ever in a similar situation.
-Vattené
FICO-8:
EX - 809 (11/16) | TU - 803 (11/16)
Primary Cards:
American Express EveryDay - $20,000 (10/14)
Discover it - $23,000 (2/14)
AU on Barclay Sallie Mae - $10,000 (8/15)
plus several store accounts of varying usefulness now



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