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DISCOVER COMBINED LIMITS... SUCCESS!!

Senior Contributor

Re: DISCOVER COMBINED LIMITS... SUCCESS!!

Gotcha.  Interesting that both Discover cards, the IT and MILES both lose a lot of their luster after the first year.

 

Obviously, there's a big benefit and drawback to the way Discover offers their "bonus" which is a better program for Year 1 verses all the other years.  They get 1 year of loyalty out of a customer as opposed to possibly only 3 months for the other more common "spend X in 3 months" SUB programs, but since the "spend X in 3 months" cards don't get worse generally speaking after Year 1 is up the chances of someone using them long term is greater.  I'm not sure which is better honestly.

Message 11 of 17
Regular Contributor

Re: DISCOVER COMBINED LIMITS... SUCCESS!!

Congrats @Pizza1!

Goal- All FICO 9 scores at 675 or above
9/16 FICO 9 TU-661 EQ-648 EX-607
Message 12 of 17
Super Contributor

Re: DISCOVER COMBINED LIMITS... SUCCESS!!


BrutalBodyShots wrote:

Gotcha.  Interesting that both Discover cards, the IT and MILES both lose a lot of their luster after the first year.

 

Obviously, there's a big benefit and drawback to the way Discover offers their "bonus" which is a better program for Year 1 verses all the other years.  They get 1 year of loyalty out of a customer as opposed to possibly only 3 months for the other more common "spend X in 3 months" SUB programs, but since the "spend X in 3 months" cards don't get worse generally speaking after Year 1 is up the chances of someone using them long term is greater.  I'm not sure which is better honestly.


I think that is the difference between the plain IT and the miles card.   While the first year bonus is good on both, the IT retains reasonable value, for those that can use the 5% and discover deals.   After the first year, the Miles card is very very meh ($30 travel credit is good I guess, if I ever remembered to use it!)

Message 13 of 17
Super Contributor

Re: DISCOVER COMBINED LIMITS... SUCCESS!!

Congrats PizzaSmiley Happy Make Discover Great Again 2017-2018 Smiley Happy
Message 14 of 17
Community Leader
Super Contributor

Re: DISCOVER COMBINED LIMITS... SUCCESS!!

longtimelurker wrote:

BrutalBodyShots wrote:

Gotcha.  Interesting that both Discover cards, the IT and MILES both lose a lot of their luster after the first year.

 

Obviously, there's a big benefit and drawback to the way Discover offers their "bonus" which is a better program for Year 1 verses all the other years.  They get 1 year of loyalty out of a customer as opposed to possibly only 3 months for the other more common "spend X in 3 months" SUB programs, but since the "spend X in 3 months" cards don't get worse generally speaking after Year 1 is up the chances of someone using them long term is greater.  I'm not sure which is better honestly.


I think that is the difference between the plain IT and the miles card.   While the first year bonus is good on both, the IT retains reasonable value, for those that can use the 5% and discover deals.   After the first year, the Miles card is very very meh ($30 travel credit is good I guess, if I ever remembered to use it!)

 

Just PC the Miles to IT after the first year. as Miles after first year is worthless


Chase | Citibank | Amex | BofA | PenFed | NFCU | Discover | Barclay's | US Bank | Fifth Third Bank | FNBO
Message 15 of 17
Established Contributor

Re: DISCOVER COMBINED LIMITS... SUCCESS!!

Ms Pizza. Congrats on lowering your card count and keeping your CLs. Now That’s how it done. 🎉🍾🎈🎊🐬

Worlds second worst gardener.
Message 16 of 17
Community Leader
Super Contributor

Re: DISCOVER COMBINED LIMITS... SUCCESS!!


Miesterbro wrote:

Ms Pizza. Congrats on lowering your card count and keeping your CLs. Now That’s how it done. 🎉🍾🎈🎊🐬


wellllllllll, Im not so sure about lowering the count, lol..Smiley Wink sometimes when one goes away, another one reappears!! Its so strange! Smiley Wink 

 

 

Thank you so much everyone!!! Appreciate all the kind words! Smiley Happy

(BK7 d/c-08/2013/FICO-400's) ~ 07/2017 FICO 08- EQ-669, TU-676, EX-681
Scores being held down by tons of INQ/New acts Smiley Wink
Message 17 of 17