@Ron1 wrote:
@yellowcake wrote:I got it for the free checks.
Free checks is good.
Not too many banks give you.
Ron.
Exactly.
@yellowcake wrote:
@Ron1 wrote:
@yellowcake wrote:I got it for the free checks.
Free checks is good.
Ron.
Exactly.
Free official bank checks. Plus, if you need it sooner, we can get it to you quickly through express mail–also free of charge.
Ron.
@Ron1 wrote:
@longtimelurker wrote:
@Default4 wrote:10 cents on debit purchases, bill pay, and writing a check sounds awesome! I just opened one too lol
Not quite a replacement for Chase though, right? I'm guessing that the 10 cents on debit purchases means using the supplied debit card (linked to the account) rather than your normal discover card, losing the 1% or more you usually get (whereas Chase gave you both). Still, for transactions under $10 there is some gain.
10c for checks and billpay isn't that great, as using Bluebird or Serve will probably give you more.
So, IMO better than a bad or average bank account, but you won't get a lot of money back, and with no reimbursment of foreign ATM fees, and no interest on deposits, not as good as the best.
I don't think serve and blue bird gives you 10 cents per purchase. Most banks don't give much on interest. You have to use their debit cards too many times and direct deposit to get high high interest. It is a pain to do.
Ron.
Bluebird and Serve don't give you 10 cents per purchase, right. The benefits come from putting money on the card in the first place, where you get the 5 or 6% discount with the right credit cards. So if I pay $100 via bluebird, I effectively get $5 back rather than 10cents.
Rewards checking (which requires the debit card use so many times a month) is a pain, but I was referring to interest checking on online banks, you can get reasonably high interest. So, Everbank offers 0.7% for the first year on deposits from 0-10K, 0.3% in subsequent years. With $5K balance, all foreign ATM fees are refunded. Ally is similar.
I'm not saying Discover is bad, it's just that for some, there are better alternatives out there. 10c per transaction REALLY shouldn't be much of a deciding factor in this space unless you make a large number of very small transactions. Of course, you can have both!
You have to use it at the certain place to get the 5% or 6% discount. It is not too convient. I heard Everbank need HP to open a checking account. I don't think it is a worth to get 0.7%. You can open Discover Savings to get 0.8% without getting HP. By the way, I had Blue Bird card once. I didn't like it much. Their customer service is just average.
Ron.
@Ron1 wrote:You have to use it at the certain place to get the 5% or 6% discount. It is not too convient. I heard Everbank need HP to open a checking account. I don't think it is a worth to get 0.7%. You can open Discover Savings to get 0.8% without getting HP.
Ron.
I don't want to defend BB too much, but it is really good if a few conditions are met. Either:
1) You can buy VR with a "good" credit card. While many people aren't able to do this at their local CVS, a lot of people still can.
2) Failing that, you need both
a) A good credit card for supermarkets where you can buy Visa/MC GC
b) Access to a Walmart
I have never needed to call Bluebird CS so I cannot comment, but I'm sure they are the lowest level of Amex CS, and doubtless not as good as Discover. But the reward difference is considerable, and if 10 cents per transaction is interesting enough, this should be more so.
Thanks for the heads up Ron!
This does look pretty interesting.
Also something that I just noticed. I was looking at fee-free ATMs in my area, and noticed that Discover has partnered with the Korean banks, i.e. Hanmi, BBCN, etc.
The ATMs at Citi, BofA, Chase, etc will incur a fee. I never knew Discover had a partnership with them 
