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@TheFate wrote:
@longtimelurker wrote:
@TheFate wrote:
@Anonymous wrote:
You mean a Discover Deals cap like the category spend? If so, nope! Used the Hotwire deal recently to get 5% back on a $790 room purchase.Meaning quarterly cap like the $1,500 quarterly cap on the normal 5% calender rewards? Or you can earn as much as you'd like on the online shopping?
Until the double cash actually appears in a year, we don't know for certain, but CSRs are telling everyone that EVERYTHING is doubled. So you earn as normal, and then get the same amount back after 12 months. Since Discover Deals doesn't have a cap, this is unchanged, you just get twice the money back.
Now if this happens enough, they could reduce the deal rate on future purchases, but no cap....
I dont think they thought this one all the way thru lol
Lol I'll be disappointed if I don't get at least $500 back this time next year!!
@Anonymous wrote:
Well I know bc I received my confirmation email. Please note this states ALL cash back earned will be doubled
How much will you Double?
We'll double ALL the cash back you've earned at the end of your first year. If you've earned $25 your first year, you'll get another $25. Or if you've earned $100, you'll get another $100. Since we double all your rewards, how much you earn is up to you.
You're thinking very small my friend lol
@TheFate wrote:
@Anonymous wrote:
Well I know bc I received my confirmation email. Please note this states ALL cash back earned will be doubled
How much will you Double?
We'll double ALL the cash back you've earned at the end of your first year. If you've earned $25 your first year, you'll get another $25. Or if you've earned $100, you'll get another $100. Since we double all your rewards, how much you earn is up to you.You're thinking very small my friend lol
that's actually from the confirmation email
@Anonymous wrote:
Say what? Thats from the FAQ's link Discover sent in the email with my confirmation. I've already earned about $180 dollars in the last couple weeks using Discover Deals Macy's and Hotwire are good friends of mine.
Sorry lol didn't realize you were copying and pasting... Nice rewards!
@Anonymous wrote:
@TheFate wrote:
@Anonymous wrote:
Well I know bc I received my confirmation email. Please note this states ALL cash back earned will be doubled
How much will you Double?
We'll double ALL the cash back you've earned at the end of your first year. If you've earned $25 your first year, you'll get another $25. Or if you've earned $100, you'll get another $100. Since we double all your rewards, how much you earn is up to you.You're thinking very small my friend lol
that's actually from the confirmation email
I just got my card today and registered but haven't got that email yet. Should I call them to request it just in case?
I don't know if they send that email at request. but I received it after I contacted them twice for confirmation about my enrollment via chat
Can someone please tell me how soon after you get approved for this card can you request a CLI?
@TheFate wrote:I guess it's more of a confirmation because it sounds too good to be true rather than a question...
So are you saying if I take advantage of the 10% cashback stores offered thru Discovers online shoping I'll bank double on top? That sounds too good to be true.
I should just chat with them to confirm but I wanted to hear others experience with this.. just activated my card today
Yeah. They're pretty much amazing.
@TheFate wrote:
@longtimelurker wrote:
@TheFate wrote:
@Anonymous wrote:
You mean a Discover Deals cap like the category spend? If so, nope! Used the Hotwire deal recently to get 5% back on a $790 room purchase.Meaning quarterly cap like the $1,500 quarterly cap on the normal 5% calender rewards? Or you can earn as much as you'd like on the online shopping?
Until the double cash actually appears in a year, we don't know for certain, but CSRs are telling everyone that EVERYTHING is doubled. So you earn as normal, and then get the same amount back after 12 months. Since Discover Deals doesn't have a cap, this is unchanged, you just get twice the money back.
Now if this happens enough, they could reduce the deal rate on future purchases, but no cap....
I dont think they thought this one all the way thru lol
Possibly not, but they have some additional features that can reduce their potential payouts:
1) Reduce the rate on popular Discover Deals. These change all the time, and if they notice too many people are using the one for X, they can easily cut the rate, making the doubling less critical
2) Presumably the merchant pays some fraction of the Discover Deals as a referral fee, so Discover isn't soley responsible
3) Not SO easy to make large amounts. The heavier hitters with Amex OBC and Citi 5x TYP were getting $5-10K or more PER MONTH in rewards. Not sure how easy this would be with this deal