Mogul of Pineapples
- Centurion Member
- Posts: 1271
- Joined: Sun Jun 01, 2008 11:32 pm
- Location: Smogland
I second that, Floppster. Discover would be able to grow rapidly if they offered a low interest credit card. With credit cards you have two types of customers 1) rewards customers and 2) customers seeking credit cards with the lowest interest rates. Discover is doing a good job capitalizing on the first type but not at all on the second. Then again this may be a smarter move because customers with balances are more likely (but not always) those that have a tight budget. In times like this it is a smart move and they should have less credit card delinquencies than average because of it.
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.
Current Cards: American Express:
Blue Cash, Simply Cash Bank of America:
WorldPoints Platinum Plus Chase:
Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi:
Thank You Premier, Dividend Platinum Select Discover:
MorePrimary Everyday Card: American Express Blue CashPrimary Travel Card: Chase Sapphire Preferred