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@wollepopolle wrote:My ninth statement cut and no auto CLI. I am still at $3500. It's enough for me, so I surely won't take a hard pull for a CLI at this point. I use the card frequently and pay in full each month.
I only use the card for its 5% categories. Its general cashback rewards suck. Amex' Blue Cash Everyday is a much better card alttogether, I think.
Discover's 5% spending limits suck, too. $200 for the month of June for groceries is very little. They want you to forget about the $200 limit so that you keep spending and get taken down to their 0.5% cashback category or that you get just sick of calculating of how much you can still spend till you reach the $200 mark. For that matter, the Chase Freedom is better as its limits on the 5% categories are usually about four times that of Discover.
Having said all of this, it's an ok card. It's great to supplement other more substantial cashback cards. Also, their online shopping rewards are better than most others.
Its actually .25%...
@smc733 wrote:Its actually .25%...
Yes, you're right! My bad.
The 0.25% apply for the first $3000 spent, and I think that does not include 5% category purchases. Only then does it go up to 1% general cashback (which is pretty much the standard for most cashback cards anyway).
A friend of mine, a pretty smart person by the way but unaware of the whole slew of Discover fine print, thought she'd always earn 5% in a certain sign-up category. She wasn't aware of the low limits. Needless, she was disappointed to learn about the limit. Also, I am not even sure if she signs up for the categories every three months. It's fairly simple but the less computer-savvy among us, especially some older folks, might forget to sign up and then never get any rewards at all. I've seen it happen.
Another pitfall created by Discover to create a possible risk for you not to get your cashback (Chase Freedom does the same).
I mean if Discover really wanted everyone to actually get the 5% rewards, why would they create their nonsensical "sign-up" game in the first place. It's all about creating hoops through which we must jump to get our rewards.
@wollepopolle wrote:
@smc733 wrote:Its actually .25%...
Yes, you're right! My bad.
The 0.25% apply for the first $3000 spent, and I think that does not include 5% category purchases. Only then does it go up to 1% general cashback (which is pretty much the standard for most cashback cards anyway).
A friend of mine, a pretty smart person by the way but unaware of the whole slew of Discover fine print, thought she'd always earn 5% in a certain sign-up category. She wasn't aware of the low limits. Needless, she was disappointed to learn about the limit. Also, I am not even sure if she signs up for the categories every three months. It's fairly simple but the less computer-savvy among us, especially some older folks, might forget to sign up and then never get any rewards at all. I've seen it happen.
Another pitfall created by Discover to create a possible risk for you not to get your cashback (Chase Freedom does the same).
I mean if Discover really wanted everyone to actually get the 5% rewards, why would they create their nonsensical "sign-up" game in the first place. It's all about creating hoops through which we must jump to get our rewards.
Discover is still subprime in my book, those are just some of the many reasons why.
Congrats!
@smc733 wrote:
@wollepopolle wrote:My ninth statement cut and no auto CLI. I am still at $3500. It's enough for me, so I surely won't take a hard pull for a CLI at this point. I use the card frequently and pay in full each month.
I only use the card for its 5% categories. Its general cashback rewards suck. Amex' Blue Cash Everyday is a much better card alttogether, I think.
Discover's 5% spending limits suck, too. $200 for the month of June for groceries is very little. They want you to forget about the $200 limit so that you keep spending and get taken down to their 0.5% cashback category or that you get just sick of calculating of how much you can still spend till you reach the $200 mark. For that matter, the Chase Freedom is better as its limits on the 5% categories are usually about four times that of Discover.
Having said all of this, it's an ok card. It's great to supplement other more substantial cashback cards. Also, their online shopping rewards are better than most others.
Its actually .25%...
Even more reason to only use it for the 5% categories :-)
Congratulations on your CLI. I requested an increase this afternoon since my six month statement cut yesterday. I did the request through the automated system, and at the end of the call was denied. I called Discover to find out the reason, and it was that my balance is too high on my mortgage. I've had my house longer than their card, and apparently my balance was okay six months ago.
In reality, it's not a biggie for me since I just wanted to experience requesting an increase with Discover. CS rep did say to try again in six months, but I won't. I only ask once for each card and leave it alone.
So far, BOA and Citi approved, DIscover denied, and I will not ask Chase....that's a hard pull.
@daytrade5 wrote:@smc733 @RockinRay Thank you both! Hopefully you'll see an auto cli soon as I did! Does anyone know if Discover will hard pull you if you request a cli yourself???
It's me ~ Yes, they did HP and tripled my CL. It was worth it!
When you request CLI, what they do is input the information and tell you (sorry, you are disqualify) that they have to do HP if they don't approve your request. I am not sure they actually approve at that stage or not.