topic Re: Is Discover Churnable? in Credit Cards

Is Discover Churnable?

rprisco — Sun, 10 Mar 2019 00:42:49 GMT

Ok, so I have 2 discover cards. The 1st started as secured and because it's almost 2 years old, I want to keep this card for the age.

Second card opened in April last year, with cashback match. I like the cashback match, lol.

Was thinking of transferring all cl from 2nd card to 1st after the CB match posts and closing the card.

Then doing prequal for hopeful decent offer. Anyone try this? Is it possible?

Re: Is Discover Churnable?

Anonymous — Sun, 10 Mar 2019 01:11:48 GMT

I got a cash back match a second time, yes.. 2 cards at a time max and 12 months between apps the only restrictions I’m aware of...

Re: Is Discover Churnable?

wasCB14 — Sun, 10 Mar 2019 01:20:28 GMT

How much would you spend in a year on the cashback match card?

Would it be a 5%/1% card, a 1.5% card, or some other option I may not be aware of?

Re: Is Discover Churnable?

woodyman100 — Sun, 10 Mar 2019 02:06:53 GMT

Do like I do.

i get an IT card then DW.

Me another, then DW.

Then I combine the first into the second and app for another. Then DW does this.

Always have a Discover cash back match running for the 10%.

DW doesn’t care about any of this and could care less about rewards. She says “Tell me what to use and i’ll Use it”.

So I always have 2%/10% from her spend and she feels no stress. 😎

Re: Is Discover Churnable?

Anonymous — Sun, 10 Mar 2019 03:10:43 GMT

Discover doesn’t offer fixed bonuses, only usage-based rewards, so it’s not really churning. They also get the benefit of lower risk customers having their card for at least a year which allows their higher risk buckets to be more acceptable to investors. It’s a win for Discover either way.

Re: Is Discover Churnable?

rprisco — Sun, 10 Mar 2019 12:51:04 GMT

Thanks everyone for the replies. Looking forward to another year of 10% on groceries, gas and restaurants!

Re: Is Discover Churnable?

joltdude — Sun, 10 Mar 2019 15:17:51 GMT

Just ask @AverageJoesCredit =)

But yes, Discover is "churnable" for the infamous/famous Double Cashback....... 10% back is amazing... but another option is the Miles Card which ends up being a total of 3% back (1.5% doubled) if you want a flat 3% across all purchases..

If i wasn't trying to garden.. its tempting even for me to get a second whirl or helping of Miss Disco...

Trying to get some HP to age...

Re: Is Discover Churnable?

rprisco — Sun, 10 Mar 2019 13:55:32 GMT

I actually thought of the miles card, for the 3% back on everything, for me the 5% (10%) card is a better value. I spend huge in gas, grocery and eating out.

Just got the WF Propel for the 3%, which is a nice supplement to Disco.

Re: Is Discover Churnable?

joltdude — Sun, 10 Mar 2019 14:18:37 GMT

Only reason I brought it up was that a lot of folks even here don't think of it as an option.... but as always YCMV...

Just wanting to bring a little bit of attention to it as an option if going for another double cashback....

-J

Re: Is Discover Churnable?

rprisco — Sun, 10 Mar 2019 14:20:09 GMT

@joltdude Very much appreciated!

Re: Is Discover Churnable?

AverageJoesCredit — Sun, 10 Mar 2019 19:05:26 GMT

Im not sure if its for everyone or because Disco knows i wont max out the cash back, but ive achieved 3 straight years of double cash. Gotta say, the Chrome is very nice looking and feels cool too

Re: Is Discover Churnable?

wasCB14 — Sun, 10 Mar 2019 19:37:43 GMT

If the card is only going to be kept for a year, anyway, it can take a lot of spend to out-earn something like Savor with a nice big cash bonus.

Re: Is Discover Churnable?

Shooting-For-800 — Sun, 10 Mar 2019 19:50:08 GMT

I got 0% and double rewards back to back (2 years) also as well as some nice CLIs for usage.

Re: Is Discover Churnable?

Anonymous — Sun, 10 Mar 2019 20:58:08 GMT

I’m on my 4th Discover “miles” Card. My last one I managed to get rack up 2,800 for the year, so got an extra $2,800. Paid for a vacation. I’ll keep it up until they tell me “no.”

Never had a problem with the SL. My current one started at 14k. I still keep my oldest 5% open and just close the miles each year and wait a couple months before I reapply.

Re: Is Discover Churnable?

Anonymous — Mon, 11 Mar 2019 00:27:04 GMT

@wasCB14 wrote:
If the card is only going to be kept for a year, anyway, it can take a lot of spend to out-earn something like Savor with a nice big cash bonus.

Yes, with the end of Discover Deals, it's not even a lot of spend. The IT maxes out at $600 10% rewards on $6000 spend. For some, the Miles is a better bet as it is uncapped.

Re: Is Discover Churnable?

Anonymous — Mon, 11 Mar 2019 00:30:07 GMT

@Anonymous wrote:
I’m on my 4th Discover “miles” Card. My last one I managed to get rack up 2,800 for the year, so got an extra $2,800. Paid for a vacation. I’ll keep it up until they tell me “no.”

Never had a problem with the SL. My current one started at 14k. I still keep my oldest 5% open and just close the miles each year and wait a couple months before I reapply.

So $180K+ spend on Discover? Could have got a lot of SUBs for that!