topic Re: Discover 5% Cashback on Restaurants and Movies! I'm excited, are you?! in Credit Cards

Time to bring Discover It off the bench!

yellowcake — Tue, 31 Mar 2015 22:06:56 GMT

Since the Cash+ restaurants category was nerfed, I've been getting a paltry 2% back on my unreasonably high eating out expenses. It will be nice to get 5% cash back for 3 months!

Re: Time to bring Discover It off the bench!

medo — Tue, 31 Mar 2015 22:52:22 GMT

Yep. I also have a Freedom card so the catagory clashes with it. I wish they did not clash since it makes more sense to redeem the 5% back in form of UR points.

Re: Time to bring Discover It off the bench!

baller4life — Tue, 31 Mar 2015 22:54:07 GMT

Bench warmers need some playing time too!,

Re: Time to bring Discover It off the bench!

longtime_lurker — Tue, 31 Mar 2015 22:55:54 GMT

@yellowcake wrote:
Since the Cash+ restaurants category was nerfed, I've been getting a paltry 2% back on my unreasonably high eating out expenses. It will be nice to get 5% cash back for 3 months!

I, too, am excited to use my Discover more often. They have been great to me lately, so it'll be good to show them some usage in return.

Re: Time to bring Discover It off the bench!

Anonymous — Tue, 31 Mar 2015 22:57:41 GMT

@longtime_lurker wrote:
@yellowcake wrote:
Since the Cash+ restaurants category was nerfed, I've been getting a paltry 2% back on my unreasonably high eating out expenses. It will be nice to get 5% cash back for 3 months!
I, too, am excited to use my Discover more often. They have been great to me lately, so it'll be good to show them some usage in return.

But usage in 5% categories probably isn't profitable for them!

Re: Time to bring Discover It off the bench!

longtime_lurker — Tue, 31 Mar 2015 23:01:32 GMT

@Anonymous wrote:
@longtime_lurker wrote:
@yellowcake wrote:
Since the Cash+ restaurants category was nerfed, I've been getting a paltry 2% back on my unreasonably high eating out expenses. It will be nice to get 5% cash back for 3 months!
I, too, am excited to use my Discover more often. They have been great to me lately, so it'll be good to show them some usage in return.
But usage in 5% categories probably isn't profitable for them!

Shh

I always wondered about that. For example, when Chase offers Kohl's as part of the 5% explicitly, do Kohl's and Chase split the cost, effectively negating the loss that I'm sure the company takes on say, "grocery stores"?

Re: Time to bring Discover It off the bench!

Anonymous — Tue, 31 Mar 2015 23:07:16 GMT

@longtime_lurker wrote:
@Anonymous wrote:
@longtime_lurker wrote:
@yellowcake wrote:
Since the Cash+ restaurants category was nerfed, I've been getting a paltry 2% back on my unreasonably high eating out expenses. It will be nice to get 5% cash back for 3 months!
I, too, am excited to use my Discover more often. They have been great to me lately, so it'll be good to show them some usage in return.
But usage in 5% categories probably isn't profitable for them!
Shh

I always wondered about that. For example, when Chase offers Kohl's as part of the 5% explicitly, do Kohl's and Chase split the cost, effectively negating the loss that I'm sure the company takes on say, "grocery stores"?

Yes, I've assumed that a named merchant pays something for the increased traffic, unlike the generic categoies. But my guess is that the ccs find that most people use their cards for both bonus and non-bonus categories, alllowing enough profit along with interest charges, and only the dedicated/smart/hasn't-got-a-life (delete those inapplicable) crowd optimize usage.

Re: Time to bring Discover It off the bench!

longtime_lurker — Tue, 31 Mar 2015 23:24:02 GMT

@Anonymous wrote:
@longtime_lurker wrote:
@Anonymous wrote:
@longtime_lurker wrote:
@yellowcake wrote:
Since the Cash+ restaurants category was nerfed, I've been getting a paltry 2% back on my unreasonably high eating out expenses. It will be nice to get 5% cash back for 3 months!
I, too, am excited to use my Discover more often. They have been great to me lately, so it'll be good to show them some usage in return.
But usage in 5% categories probably isn't profitable for them!
Shh

I always wondered about that. For example, when Chase offers Kohl's as part of the 5% explicitly, do Kohl's and Chase split the cost, effectively negating the loss that I'm sure the company takes on say, "grocery stores"?
Yes, I've assumed that a named merchant pays something for the increased traffic, unlike the generic categoies. But my guess is that the ccs find that most people use their cards for both bonus and non-bonus categories, alllowing enough profit along with interest charges, and only the dedicated/smart/hasn't-got-a-life (delete those inapplicable) crowd optimize usage.

Yeah, it's essentially written off as a marketing cost (I'd assume) by those named stores. And absolutely - the people on this forum are certainly not the typical credit card holder!

Re: Time to bring Discover It off the bench!

JustBPatient — Wed, 01 Apr 2015 01:32:06 GMT

I agree. I think they count on those holders who will pay interest and that will more than offset the 5%

Re: Time to bring Discover It off the bench!

Anonymous — Wed, 01 Apr 2015 01:48:57 GMT

oooh i forgot about restaurant category this quater! arrival's going to relax in my wallet for a while... but I wonder if starbucks counts as restaurant as well

Re: Time to bring Discover It off the bench!

Anonymous — Wed, 01 Apr 2015 01:52:06 GMT

When it comes to lenders I like like Discover, it makes me feel a little bad to only swipe when I get optimal cash back. I feel like I've got to be a loss for them overall.

Business is business though, and I'm sure more people seeing people use the card is good for them in the long run as well.

Plus if they're actually bleeding too much I'm sure any lender would pull a Cash+ and nerf a little bit to get back into the black.

Re: Time to bring Discover It off the bench!

Kenny — Wed, 01 Apr 2015 01:55:53 GMT

Gonna use the Freedom instead!

Re: Time to bring Discover It off the bench!

longtime_lurker — Wed, 01 Apr 2015 02:08:10 GMT

@Kenny wrote:
Gonna use the Freedom instead!

Heresy!

Throw water at Kenny, does he melt?!?

Re: Time to bring Discover It off the bench!

onstar — Wed, 01 Apr 2015 02:56:46 GMT

@Anonymous wrote:
When it comes to lenders I like like Discover, it makes me feel a little bad to only swipe when I get optimal cash back. I feel like I've got to be a loss for them overall.

Business is business though, and I'm sure more people seeing people use the card is good for them in the long run as well.

Plus if they're actually bleeding too much I'm sure any lender would pull a Cash+ and nerf a little bit to get back into the black.

I put all my gas purchases through Discover this quarter. It was less than $50/month though because I take the train to work. But that worked out just fine since 1Q was gas and ground transportation. I bought my Metrolink monthly passes with Discover. It's $300 a month, so I got $15 back each month. I could have used this for 4 months, but I didn't realize this until halfway through January so I didn't use D for that month, but I bought the April pass yesterday, so a total of $45 back. Oh, and I get full reimbursement from my company.

BTW, last billing cycle, I also put about $10 in non-5% category puchase in two separate purchases. Just in case their algorithm flags accounts that ONLY use the card for 5% categories.

Re: Time to bring Discover It off the bench!

Anonymous — Wed, 01 Apr 2015 03:37:29 GMT

@longtime_lurker wrote:
@Kenny wrote:
Gonna use the Freedom instead!
Heresy!

Throw water at Kenny, does he melt?!?

Re: Time to bring Discover It off the bench!

Man-Of-Steel — Wed, 01 Apr 2015 04:06:05 GMT

I'm also dusting off my It card and looking forward to using it next quarter. And I like how there are rival threads going (It vs Freedom)!

Re: Time to bring Discover It off the bench!

Anonymous — Wed, 01 Apr 2015 04:10:36 GMT

I made sure I gassed up all the cars tonight. Getting my last 5% on gas. Starting tomorrow, it's food time!

Discover 5% Cashback on Restaurants and Movies! I'm excited, are you?!

I-think-I-can — Thu, 02 Apr 2015 15:06:12 GMT

I've only had my Discover card about a month or so and I enjoyed the cashback on gas, but I am super stoked about the Restaurant and Movies for April through June!

Is anyone else as excited as I am? Lol!

Re: Discover 5% Cashback on Restaurants and Movies! I'm excited, are you?!

Anonymous — Thu, 02 Apr 2015 15:14:45 GMT

I don't go out to eat as often as I used too but I will be taking advantage of it this quarter. Sure wish I had this card last year before I bought my house. I ate out 3 times a week!

Re: Discover 5% Cashback on Restaurants and Movies! I'm excited, are you?!

Anonymous — Thu, 02 Apr 2015 15:17:10 GMT

Two places I haven't spent money in over a decade. Discover and Freedom will be gathering dust for a few months.