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Established Contributor
Posts: 724
Registered: ‎06-06-2012
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discovermore: what is their rewards system?

I'm new to discovermore and confused about their rewards system (mostly was interested in their 0% APR promo, have chase freedom/checking for rewards).

 

How does their rewards break down? Is it 5% on some categories, .25% (changing to 1% after 3k purchases) on others, nothing in between?

 

 

Contributor
Posts: 211
Registered: ‎07-02-2012
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Re: discovermore: what is their rewards system?

True, nothing in between. They give you 0.25% till you hit 3K mark, after that 1%.

Walmart TU-724 on 12-2012
EX-707 on 08-2012
EQ-668on 08-2012
_________________________________
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Regular Contributor
Posts: 234
Registered: ‎08-04-2012
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Re: discovermore: what is their rewards system?

.25% until you spend $3000 then it's 1%. If you buy stuff at discount or warehouse club stores (i.e. Wal-mart, Sam's Club) it's always .25%.

 

The 5% categories every quarter are on up to $1,500 dollars in purchases which will net you $75 cash back.

 

Online shopping through discover.com's "Shop Discover" nets you 5% to 20% depending on the store. 

 

Cash can be redeemed at $50. If you have less than that you can also redeem for gift cards and merchandise. Also you can link your Amazon account and pay for merchandise with your cashback as well.

Established Contributor
Posts: 724
Registered: ‎06-06-2012
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Re: discovermore: what is their rewards system?

cool, thanks for the info. What's the 5% this quarter and do I need to register for it?

 

Established Contributor
Posts: 724
Registered: ‎06-06-2012
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Re: discovermore: what is their rewards system?

nm I see it now, gas stations, amusement parks and movies and I am signed up. Thanks for the help!

 

 

 

 

Contributor
Posts: 85
Registered: ‎01-08-2008
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Re: discovermore: what is their rewards system?

Not sure if it was clearly stated here, but technically it's .25% on the first $3k, and then 1% on all transactions after the first $3k. It doesn't literallly switch to 1%. So, for example if you spent $10k this year, you would wind up with -

$3k @ .25% = $7.50

$7k @ 1% = $70

Total $77.50

 

Anyone feel free to correct me if I have it wrong.

Frequent Contributor
Posts: 311
Registered: ‎07-08-2012
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Re: discovermore: what is their rewards system?

They have some 2% rewards as well. Right now, you get 2% cashback earnings if you use auto pay for certain TV/cable/wireless bills.

 

Also, the 5% purchases don't count towards your annual $3k requirement to go from 0.25% to 1%, which stinks. At this point, I'm only using my Discover for the 2% and up reward categories. Anything else goes on my Chase Amazon Visa, for 1% earnings.

Scores:
07/29/12: EX FICO (Amex) 684 | EQ MyFICO 631 | TU Walmart 695
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Senior Contributor
Posts: 4,694
Registered: ‎02-23-2011
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Re: discovermore: what is their rewards system?

The Shop Discover feature is very nice offering a range of 10 -15% cashback on many online merchants.

 

Also, the cash over purchase at participating merchants is a nice touch.  I use this feature rather than my atm card.  Also, they have some payment sites such as chargesmart who will waive the transaction fee when using a Discover.

 

Regular spending is certainly not this card's most attractive feature.

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Frequent Contributor
Posts: 352
Registered: ‎07-13-2012
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Re: discovermore: what is their rewards system?

The current rotating rewards category is gas and theme parks/ movies. 

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