I just received my brand new Discover More Card I applied a week a go. I was reading a guidebook for reward program and have question.
It says ...
All Other Purchases. You will earn up-to 1% Cashback Bonus on all purchases other than Get More Purchases. At the end of each billing period, we calculate your Cashback Bonus by multiplying the total amount you spent on all other purchases by th following:
When you have spent the amounts listed below in total annual purchase, you earn Cashback Bonus at the listed tier level:
$3000 + (unlimited) 1.00% (.01)
$1500 - $2999 0.50% (.0050)
$0 - $1499 0.25% (.0025)
This is the way what I understood;
I must charge more than $3000 a year actually to get 1% Cashback Bonus with Discover More.
It is better to use my other CCs if I will not charge more than $3000 a year, because my other CCs gives me guarantee for 1% on Cashback/Points no matter how much I charge.
I feel I made big mistake by applied for Discover More Card. I guess I use this card for only Get More Program Purchases to get 5% Cashback Bonus.
Does anyone have good or bad experience with Discover More Card?