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Valued Member
oshoair
Posts: 42
Registered: ‎04-23-2009
0

Should I get Discover More? I am really hesitated.

Hello everone in this very nice community,

 

I have been receiving Discover More pre-approved offers every month for a year but I am really very hesitated every time I think about accepting it for some reasons. The main concern is that all my credit cards (1 VISA, 2 MC, 1 AMEX) are giving me at least 1% on every day purchases while Discover has a spending limit of $3,000/year first to get 1% cashback and only 0.25% on the $3,000. I understand that there special categories through which you get more but does it really worth adding Discover to my CC portfolio with this concern being there?

 

Please, help me as much as you can whether you support or discourage me from applying?

 

Thanks

Epic Contributor
Creditaddict
Posts: 22,093
Registered: ‎10-23-2007
0

Re: Should I get Discover More? I am really hesitated.

They are a great solid bank to be in with, but if you don't really need it because the rewards won't be better for you than your current cards, then I'm not sure it's worth it

Fico Scores: EQ- 626 Overstck., TU 696 Walmart, EX 695 Chase (11-05-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Target $200
66 Cards and Counting :smileytongue:
Regular Contributor
Midnight29
Posts: 111
Registered: ‎08-17-2010
0

Re: Should I get Discover More? I am really hesitated.

I love my Discover More card, and their website and customer service is fantastic and very user friendly. If the rewards are your main concern, keep in mind that Discover also offers Shop Discover, which offers 5%-10% cashback on online orders through 100's of partners ranging from department stores to travel to specialty retailers. If you do a good amount of online shopping I would take a look since you can rack up rewards quickly that way.

Starting Score: TU 718 - EQ 665 2010
Current Score: TU 765 (3/2013) - EQ 748 (3/2013)- EX 781 (Mortgage Pull 12/14/11)
Goal Score: TU 750 - EQ 750 I MADE IT!


Moderator
MarineVietVet
Posts: 14,953
Registered: ‎07-14-2009
0

Re: Should I get Discover More? I am really hesitated.

 


Megan2992 wrote:
I love my Discover More card, and their website and customer service is fantastic and very user friendly. If the rewards are your main concern, keep in mind that Discover also offers Shop Discover, which offers 5%-10% cashback on online orders through 100's of partners ranging from department stores to travel to specialty retailers. If you do a good amount of online shopping I would take a look since you can rack up rewards quickly that way.

 

I've shopped at several that are as much as 20%.

 

 

 

From a BK years ago to:
EX - 9/09 pulled by lender 802
EQ - 7/06-663, 3/10-800
TU - 8/10-772
You can do the same thing with hard work


Established Contributor
KingAdrock
Posts: 656
Registered: ‎07-17-2007
0

Re: Should I get Discover More? I am really hesitated.

I'm quite happy with my Discover, it is in fact a CC I'd recommend. The spending tier for everyday stuff isn't so good, but the 5% stuff adds up really fast. I just keep in mind what's 5% right now and use my Discover exclusively for that. For example it's now for grocery stores, so now I don't pull out any other card for groceries. I even went to Six Flags last month and Discover had a promotion that you could instantly get an extra 5% off almost anything in the park. That was a nice surprise.

 

Caveats are not everybody takes Discover, (5% on movies is great except my local theater is Visa/MC only) and they love to call you occasionally offering you extra junk like credit monitoring and payment protection. Bit annoying.

Established Contributor
TheCreditKid
Posts: 620
Registered: ‎08-14-2010
0

Re: Should I get Discover More? I am really hesitated.

Haha I was at Six Flags Magic Mountains when I saw that 5% off almost every purchases. Unfortunately, I don't have a Discover =[...

______________________________________________________________________________________________________________

All human wisdom is summed up in two words - wait and hope.

-Alexander Dumas
Valued Contributor
bunnyrabbit
Posts: 1,413
Registered: ‎01-20-2008
0

Re: Should I get Discover More? I am really hesitated.


oshoair wrote:

I have been receiving Discover More pre-approved offers every month for a year but I am really very hesitated every time I think about accepting it for some reasons. The main concern is that all my credit cards (1 VISA, 2 MC, 1 AMEX) are giving me at least 1% on every day purchases while Discover has a spending limit of $3,000/year first to get 1% cashback and only 0.25% on the $3,000. I understand that there special categories through which you get more but does it really worth adding Discover to my CC portfolio with this concern being there?


 

I have total 8 CCs ...  1 Amex Blue / 1 Discover More / 1 Citi MC / 1 Freedom VISA / 1 Freedom MC/  2 NFCU rewards VISA  / 1 non-reward Chase VISA.

 

I use my ccs by rewards month to month:

September 

  • Discover More  -  Grocery Stores and Drug Stores (this is special categories other than regular quaterly categories)
  • Freedom VISA/MC  -  Gas
  • Citi Driver's Edge - Oil Change / Grocery Stores (does not accept any  Discover)
  • Amex/NFCU VISA/Chase VISA  - One small purchase on to just keep it as an active
  • Bonus % online shopping with Amex/Discover More/Chase Freedom.
  • Everything else will be on the Freedom since I have banking acct with chase for more rewards

October ~ December

  • Discover More  -  Restaurants / Department Stores / Clothing Stores   plus, additional categories when they offers.
  • Freedom VISA/MC  -  Grocery Stores / Department Stores / Movies
  • Citi Driver's Edge - Oil Change / Drug Stores / Gas
  • Amex/NFCU VISA/Chase VISA  - One small purchase on to just keep it as an active
  • Bonus % online shopping with Amex/Discover More/Chase Freedom
  • Everything else will be on the Freedom since I have banking acct with chase for more rewards

 

I see that you are concerned about 1% rewards system on Discover More.  Why you are focusing on it?  Me?  I don't care about 1% rewards.  I am focusing on 5% rewards categories to earn as much as possible points with them.  Also, I know that many of places does not accept Discover just like Amex.   *The 99 Cents Only Store, they accept Discover but not Amex.   You just need to know where you can use your Discover and how you can maximize your rewards with all of ccs you have.

 

At last, I think it is good idea to add Discover to your wallet.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
It's very tough with small income ~ The Rewards are big little helper to me.
Established Contributor
voidman
Posts: 540
Registered: ‎06-07-2008
0

Re: Should I get Discover More? I am really hesitated.

What is the meaning of credit card portfolio? Judging by your post, I think you have a good Fico score so this portforlio means very little, also I think you really don't need the credit card for additonal credit but rather only looking for Discover network.

 

I was in the similar boat as you, i did not want  another credit card but the rewards are good. I applied and got it. But I would not apply just for the sake of adding a discover card. 

 

I have visa,mc,amex. But discover with so many preapprovals I have received is not yet intesting card to have.

 

Yes they do have good service and good web interface, so does Amex (which you already have)

 

These pre-approvals are spinning a web around you :smileywink:

-void
Frequent Contributor
MyFicoAddict
Posts: 284
Registered: ‎05-11-2009
0

Re: Should I get Discover More? I am really hesitated.

Great Card but I have mixed feelings about it. The CS is great and the 5% cashback bonus is also great, however, they give out small CL's. I got a 2K CL a year ago and it has stayed like that and I have autopay with them through the year with the balance auto paid in full every month. They have never given me a CLI and neither the luv button has appeared. Others have reported CLI successes.... I am thinking about SD'ing the card. I have had better experience from CITI which has gone from 7K to 10.5K now.

Aim to be fiscally and physically fit...
EQ - 723 FICO as of Aug 2010
TU - 757 FICO as of Sept 2010
EX - 742 FICO as of Oct 2010 (PSECU)
Established Member
Jahmakan
Posts: 26
Registered: ‎08-20-2010
0

Re: Should I get Discover More? I am really hesitated.

Newbie here.  I just got approved for this card earlier this week.  They do seem to give low limits; mine is $3000, but I'll work on it and see how it turns out as time passes.


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