Reply
Valued Contributor
lg8302ch
Posts: 2,697
Registered: ‎11-13-2012
0

Re: Difference Between Discover More & Discover IT

[ Edited ]

Thanks to all for sharing. But I am still as confused as before. I did get Discover More two weeks ago and tried to find out what the difference is between the More and the IT. On Discover's website only IT comes up and you can compare the IT to several cards from competitors but not with their own cards.  As I pay my balance in full every month I did not look at APR but noticed the 0.25 for first 3K on the More and full 1% on the IT. For the moment I did not see anything that would be better on the More which shall keep me from pc to the IT. Due to the cash back system I will use Discover  More only for special offers and pay with CapOne and Amex for the rest. Hope one day that 3K limit will fall off the Discover More card and it gets on the level of the IT. Or maybe one day I find out if the More had something I did not yet see...I will keep it the way it is for the moment but use it not as everyday card but for specials only.

 

Happy New Year to all :smileyhappy:

FICO® EQ 784 (as of today) - TU 771 (07/25) * Fako EX 789 (09/02 - CS) * last app 06/01/14 * INQ last 2 yrs TU: 5, EX: 7, EQ: 7


Move the mouse over the cards for detailed view!..................................................................* Silver Spade Garden Club member *

Valued Contributor
bs6054
Posts: 1,673
Registered: ‎11-11-2012
0

Re: Difference Between Discover More & Discover IT


lg8302ch wrote:

Thanks to all for sharing. But I am still as confused as before. I did get Discover More two weeks ago and tried to find out what the difference is between the More and the IT. On Discover's website only IT comes up and you can compare the IT to several cards from competitors but not with their own cards.  As I pay my balance in full every month I did not look at APR but noticed the 0.25 for first 3K on the More and full 1% on the IT. For the moment I did not see anything that would be better on the More which shall keep me from pc to the IT. Due to the cash back system I will use Discover  More only for special offers and pay with CapOne and Amex for the rest. Hope one day that 3K limit will fall off the Discover More card and it gets on the level of the IT. Or maybe one day I find out if the More had something I did not yet see...I will keep it the way it is for the moment but use it not as everyday card but for specials only.

 

Happy New Year to all :smileyhappy:


But as a reminder, the difference between the IT and More on cashback is 0.75% on $3K a year which comes to $22.50 PER YEAR if you do reach $3K in non-bonus spending.   Yes, it's not nothing, but in actuality it's not a lot more than nothing!  In the time it takes you to think about it and get the PC done, you could probably clip coupons for a similar savings.

Frequent Contributor
pdog661
Posts: 377
Registered: ‎03-31-2012
0

Re: Difference Between Discover More & Discover IT

All in All why not change?  It has all of the benefits of the more, and .75% more cash back.

 

What would be one reason for not changing?

 

Also, I believe the more is pretty much done, and not going to be offered moving forward. 

Frequent Contributor
SwampSystems
Posts: 358
Registered: ‎06-25-2012
0

Re: Difference Between Discover More & Discover IT


bs6054 wrote:

But as a reminder, the difference between the IT and More on cashback is 0.75% on $3K a year which comes to $22.50 PER YEAR if you do reach $3K in non-bonus spending.   Yes, it's not nothing, but in actuality it's not a lot more than nothing!  In the time it takes you to think about it and get the PC done, you could probably clip coupons for a similar savings.


 The difference is more than $22.50 per year if you do any shopping at warehouse clubs, which are always limited to 0.25% cash back on Discover More (even after $3k in non-bonus spending). Sam's Club doesn't accept Visa, so my Discover More gets pretty heavy usage there; I will PC to Discover It soon to get the full 1% cash back.

Valued Contributor
bs6054
Posts: 1,673
Registered: ‎11-11-2012
0

Re: Difference Between Discover More & Discover IT

OK, thanks, I wasn't aware of that.   So, for those that spend a lot at warehouse clubs, it is a good change (an extra $7.50 per $1000 spent there)


myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+