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Regular Contributor
Posts: 188
Registered: ‎01-12-2008
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Does anyone else plan stuff based on Discover Reward dates?!

I was just looking at the Discover Rewards.  This past month put materials on it to build a deck.  Made sure we started the project the same month as the rewards qualified. Then I went to the rewards page to see what was next....    Taking my father out for his birthday to our fav Greek place but actually pushing that to June 1st to get my rewards. HAHA... Just thought it was kinda funny how I am planning life around Discover Rewards.  Most importantly making sure I am able to PIF each month regardless of what I charge.  My credit score has been consistently heading up up up these days.  

*Bought 1st Home on 7/11/07 thanks to myFICO Forums*

4/2013 - FICO: 685
Payment History: Great
Amt of Debt: Not Good
Length: Good
Amt of New Credit: Good

Goal for 2013: Pay down debt! Cross fingers housing market turns around so I can move further south!



Regular Contributor
Posts: 187
Registered: ‎05-07-2010
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Re: Does anyone else plan stuff based on Discover Reward dates?!

Thats not to bad of an idea.  When you get 5% back on gas purchases, you could buy a gift card that would be big enough to last you until the next time 5% came back on that catagory.

 

If its 5% on groceries, you could buy gift cards for other stores, if you were going there anyway (at least my grocery store sells gift cards). 

 

Think of the possibilities.

Regular Contributor
Posts: 188
Registered: ‎01-12-2008
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Re: Does anyone else plan stuff based on Discover Reward dates?!

Too bad Discover Card caps limitations on 5% rewards --  i.e. Home Improvements are only up to $400.00.

 

Online shopping branching from Discover or BOA websites to merchant sites has helped me too.  I never go directly to a website these days if I plan to use either

of these CC's.   That combined with surfing online coupon codes like retailmenot, etc adds up to more savings.  

 

 

 

 

 

 

 

*Bought 1st Home on 7/11/07 thanks to myFICO Forums*

4/2013 - FICO: 685
Payment History: Great
Amt of Debt: Not Good
Length: Good
Amt of New Credit: Good

Goal for 2013: Pay down debt! Cross fingers housing market turns around so I can move further south!



Regular Contributor
Posts: 117
Registered: ‎05-12-2010
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Re: Does anyone else plan stuff based on Discover Reward dates?!

If I was going to make the purchase anyway then I pick this card over my others and I PIF every month. If they did not have the 3K tier to reach 1% cash back I would use this as my primary card.

Regular Contributor
Posts: 175
Registered: ‎04-02-2010
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Re: Does anyone else plan stuff based on Discover Reward dates?!

Actually,  I'm sort of the exact opposite.  I completely ignore the rewards and make my purchasing and payment method decisions on non-rewards-related criteria.  Somehow I don't like "rewards".  No doubt I've missed out on some good deals.  In fact, my Discover card says I have $31.86 in rewards.  Not quite sure how to claim it.

 

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04/2010 EQ 656 TU 648
05/2010 EQ 669 TU 664
06/2010 EQ 674 TU 678
07/2010 EQ 666 TU 667
Moderator
Posts: 17,419
Registered: ‎07-14-2009
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Re: Does anyone else plan stuff based on Discover Reward dates?!

 


JackBeNimble wrote:

Actually,  I'm sort of the exact opposite.  I completely ignore the rewards and make my purchasing and payment method decisions on non-rewards-related criteria.  Somehow I don't like "rewards".  No doubt I've missed out on some good deals.  In fact, my Discover card says I have $31.86 in rewards.  Not quite sure how to claim it.

 


You can't until it reaches $50.

 

Regular Contributor
Posts: 188
Registered: ‎01-12-2008
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Re: Does anyone else plan stuff based on Discover Reward dates?!

[ Edited ]

They have $25 gift cards you can purchase for merchants(ie- bed, bath and beyond,   amc, starting at 20  but for statement credit or check it is 50,

Log in online to your discover account, go to the rewards tab, you should see them under there and can claim right from there.

*Bought 1st Home on 7/11/07 thanks to myFICO Forums*

4/2013 - FICO: 685
Payment History: Great
Amt of Debt: Not Good
Length: Good
Amt of New Credit: Good

Goal for 2013: Pay down debt! Cross fingers housing market turns around so I can move further south!



Valued Member
Posts: 33
Registered: ‎02-13-2009
0

Re: Does anyone else plan stuff based on Discover Reward dates?!

I know the rewards aren't much from Discover but I do plan my purchases around them.

 

Being new to Discover I recently made a significant purchase at Lowe's thinking that I was going to receive rewards, but soon realized thereafter that the rewards period had not started yet.  I had remembered that I signed up for the rewards period but forgot that they let you do that a month ahead of rewards period. Smiley Sad  I've more than made up for it this month though.


Starting Score: EQ 550 TU 551
Current Score: 5/2010 EQ 712 5/2010 TU 711
Goal Score: EQ 720 TU 730


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Moderator
Posts: 17,419
Registered: ‎07-14-2009
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Re: Does anyone else plan stuff based on Discover Reward dates?!

 


homerunstacy wrote:

They have $25 gift cards you can purchase for merchants(ie- bed, bath and beyond,   amc, starting at 20  but for statement credit or check it is 50,

Log in online to your discover account, go to the rewards tab, you should see them under there and can claim right from there.


 

I stand corrected. Smiley Happy  I've never redeemed the rewards for anything except cash or account credit.

 

 

 

From a BK years ago to:

9/09 EX pulled by lender 802
3/10 EQ- 800
4/10 TU -772

You can do the same thing with hard work

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Established Contributor
Posts: 619
Registered: ‎06-18-2007
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Re: Does anyone else plan stuff based on Discover Reward dates?!

I wish I had a Discover; the only way I can relate is that I have put a lot on "groceries and dining" on my Old Navy VISA this month for some promise of triple points during May that I vaguely remember but can't find proof of anymore.  I guess I will be able to buy one of the kids a pair of jeans or something with the rewards.  Smiley Happy

 

But if I can't pay the balance off I may pay in interest the same amount the jeans were worth.  Smiley Mad

 

Smiley Wink

_________________________________________________________
Too many accounts; too many debts; lots of open credit, and lots of utilized credit. Scores somewhere in the 600s - I have no earthly idea exactly what number, but not 700 like it was, briefly.
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