Reply
Epic Contributor
Posts: 24,351
Registered: ‎10-23-2007
0

Discover is what Amex was 2 years ago... The Card to HAVE!

Last month Business week did an article on Discover Card (I'm a little behind on my magazines because of moving and stuff)  Anyway... they actually showed profit last year over people like citi who saw losses of 40%.

They also flagged borrowers who had more than 1 mortgage and either didn't give them a card or kept there limit low which has saved them now also.

and made there rewards better.

 

I have recently paid my business Discover off (bt offer was on it) and have started using and like it, I just can't get the limit to move which irritates me... but I'm thinking maybe after 6 months of the card being used and pif vs maxed out they will look at me better (well my mom I guess I should say, the card is in her name and I am named manager on the account, which allows me to make all decisions on the account just as account owner. 

Fico Scores: EQ- 670., TU 705 Sync, EX 700 (04/20/15)
I'm just trying to catch up to RON1
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Target $200
83 Cards and Counting :smileytongue:
Super Contributor
Posts: 6,026
Registered: ‎09-18-2007
0

Re: Discover is what Amex was 2 years ago... The Card to HAVE!

It is one card I dont have. I'll wait another year and then apply for a Discover to complete my card collection,
Senior Contributor
Posts: 3,279
Registered: ‎08-03-2007
0

Re: Discover is what Amex was 2 years ago... The Card to HAVE!

I like my Discover card for 5% back at the pump and for all the discounts at shopdiscover.com.

 

The customer service is also great. I just wish they would quit slashing rewards to save money. They used to be up to 2% back back I believe. 

 

The tiered reward system already gives plenty of incentive not to use their card. Why accumulate when I can get a full 1 percent back on every other card out there. 

Here we go again...
Senior Contributor
Posts: 3,240
Registered: ‎04-03-2008
0

Re: Discover is what Amex was 2 years ago... The Card to HAVE!


Creditaddict wrote:

Last month Business week did an article on Discover Card (I'm a little behind on my magazines because of moving and stuff)  Anyway... they actually showed profit last year over people like citi who saw losses of 40%.

They also flagged borrowers who had more than 1 mortgage and either didn't give them a card or kept there limit low which has saved them now also.

and made there rewards better.

 

I have recently paid my business Discover off (bt offer was on it) and have started using and like it, I just can't get the limit to move which irritates me... but I'm thinking maybe after 6 months of the card being used and pif vs maxed out they will look at me better (well my mom I guess I should say, the card is in her name and I am named manager on the account, which allows me to make all decisions on the account just as account owner. 


 

Here is that BW article:

 

http://www.businessweek.com/magazine/content/09_08/b4120056121668.htm?campaign_id=rss_null

 

TU 791 02/11/2013, EQ 800 1/29/2011 , EX Plus FAKO 812, EX Vantage Score 955 3/19/2010 wife's EQ 9/23/2009 803
EX always was my highest when we could pull all three
Always remember: big print giveth, small print taketh away
If you dunno what tanstaafl means you must Google it
Regular Contributor
Posts: 184
Registered: ‎03-04-2008
0

Re: Discover is what Amex was 2 years ago... The Card to HAVE!

Discover was my first card! Back when I got it (in 1991) it was hard to find places outside of NYC that honored it. Now, it's just about everywhere (except overseas). I respect the company a great deal, and enjoy the great service I get. It's funny, because they are one of my lowest limit cards at 13,200. They never raised my CL's like candy, the way BOA and Chase have, which is fine by me. I'll never use that much credit anyway.
Regular Contributor
Posts: 199
Registered: ‎05-29-2008
0

Re: Discover is what Amex was 2 years ago... The Card to HAVE!

Discover is one of my favorite cards. I always liked their reward program but unfortunately, lately they have been making some changes to the rewards that are not so great. I also wish they change their way of marketing products to their customers.  Their marketing campaigns have been very aggressive and a little too pushy for my taste.
Established Contributor
Posts: 790
Registered: ‎09-09-2008
0

Re: Discover is what Amex was 2 years ago... The Card to HAVE!


Max09 wrote:
I also wish they change their way of marketing products to their customers.  Their marketing campaigns have been very aggressive and a little too pushy for my taste.

During one of their ad calls, I told them to put me on their "no call" list for marketing purposes, and they did. I didn't get any calls from them after I had made that request.

Moderator Emeritus
Posts: 16,374
Registered: ‎03-12-2007
0

Re: Discover is what Amex was 2 years ago... The Card to HAVE!

I have a Discover More card (used to be a Motiva) and so far, so good. I'm not ready to say they are the Amex of 2 years ago. IMHO, no CCC is there yet.
Credit Profile -
FICO 08 Scores (03-26-2015): EQ 814, EX 817, TU 822
All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!
Credit History: 26 years ~ AAoA: 13 years ~ Util: 1% ~ Inqs: EX 1, EQ 1

Credit Cards: Amex BCP ~ Amex Clear ~ Amex Platinum ~ Barclay Ring Mastercard ~ Chase Freedom Visa ~ CITI Dividend Platinum World Mastercard ~ FIA Fidelity Investment Platinum Visa ~ First Hawaiian Bank Gold Visa
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.