topic Re: Canceling Discover in Credit Cards

Canceling Discover

heyarrnold — Sun, 20 Apr 2014 20:45:34 GMT

Do any of you know the types of offers that Discover makes when calling in to cancel the IT card?

Re: Canceling Discover

Anonymous — Sun, 20 Apr 2014 20:48:07 GMT

hmm that is a really good question! What are you trying to get lower APR, a CLI?

Re: Canceling Discover

heyarrnold — Sun, 20 Apr 2014 20:52:49 GMT

@Anonymous wrote:
hmm that is a really good question! What are you trying to get lower APR, a CLI?

I rarely use the card, and I am able to cover the rotating categories with my other credit cards. For example, I always buy gift cards at Staples with my Ink card for fast restaurants and gas. I get the 5 x points per dollar, which I actually value more than the 5% on rotating categories from Discover. So I am leaning towards closing the account since I do not use it. But if they're offering some good retention offers, I'll keep it around

Re: Canceling Discover

Anonymous — Sun, 20 Apr 2014 20:54:01 GMT

When did you open it?

Re: Canceling Discover

CardsLifeLine — Sun, 20 Apr 2014 20:59:47 GMT

They will not care about ur cancelation if they identify you with multiple cards. Risk department of discover flag customers with multiple cards That's what I came to know when I called to cancel my card and check possibility to extend 0% apr. Good luck.

Re: Canceling Discover

Anonymous — Sun, 20 Apr 2014 21:03:52 GMT

OP I would just SD if it, too keep your TL history open, a long with having your UTL.

Re: Canceling Discover

heyarrnold — Sun, 20 Apr 2014 21:09:14 GMT

@Anonymous wrote:
When did you open it?

I opened the account about a year and a half ago. The cards that you see listed on my sig are the ones that I use on a constant basis. I also have a Wells Fargo and Macys card. But I rarely use those as well. So I do not list them. But I am not sure if they will offer anything if I call to cancel the card. I put no spend on the card whatsoever haha. Maybe like 9 dollars here and there.

Re: Canceling Discover

heyarrnold — Sun, 20 Apr 2014 21:13:17 GMT

@CardsLifeLine wrote:
They will not care about ur cancelation if they identify you with multiple cards. Risk department of discover flag customers with multiple cards That's what I came to know when I called to cancel my card and check possibility to extend 0% apr. Good luck.

Thanks. I only have 8 cards in total. 1 store and 7 credit cards. And canceling this one would bring me down to 7. I'll call either today or tomorrow and see what they say.

Re: Canceling Discover

bigblue7722 — Sun, 20 Apr 2014 21:39:35 GMT

@heyarrnold wrote:
@Anonymous wrote:
hmm that is a really good question! What are you trying to get lower APR, a CLI?
I rarely use the card, and I am able to cover the rotating categories with my other credit cards. For example, I always buy gift cards at Staples with my Ink card for fast restaurants and gas. I get the 5 x points per dollar, which I actually value more than the 5% on rotating categories from Discover. So I am leaning towards closing the account since I do not use it. But if they're offering some good retention offers, I'll keep it around

I really want that ink card but i dont have a business . I buy free after rebate stuff at staples for premire status so I can recyle more ink every month, then sell the free after rebate stuff. Its not a bad profit at all. But right now I only get 2% back with my chase amazon . Plus i get the 5% back in staples rewards so in theory I get 7% back cause staples cash is just as good to me. But 10% back would be amazing.

Re: Canceling Discover

heyarrnold — Sun, 20 Apr 2014 21:44:27 GMT

@bigblue7722 wrote:
-
@heyarrnold wrote:
@Anonymous wrote:
hmm that is a really good question! What are you trying to get lower APR, a CLI?
I rarely use the card, and I am able to cover the rotating categories with my other credit cards. For example, I always buy gift cards at Staples with my Ink card for fast restaurants and gas. I get the 5 x points per dollar, which I actually value more than the 5% on rotating categories from Discover. So I am leaning towards closing the account since I do not use it. But if they're offering some good retention offers, I'll keep it around
I really want that ink card but i dont have a business . I buy free after rebate stuff at staples for premire status so I can recyle more ink every month, then sell the free after rebate stuff. Its not a bad profit at all. But right now I only get 2% back with my chase amazon . Plus i get the 5% back in staples rewards so in theory I get 7% back cause staples cash is just as good to me. But 10% back would be amazing.

I do not have a business at the current moment either. Well, I do and then I don't. My father is retiring this year and is handing down the family business to me. However, none of it is yet under my name. I applied to the card knowing that the business would be mine this year, and I was approved without a problem. Maybe you should try to apply as well. Chase did not ask me for anything. Maybe I just got lucky.

Re: Canceling Discover

bigblue7722 — Sun, 20 Apr 2014 21:47:56 GMT

@heyarrnold wrote:
@bigblue7722 wrote:
-
@heyarrnold wrote:
@Anonymous wrote:
hmm that is a really good question! What are you trying to get lower APR, a CLI?
I rarely use the card, and I am able to cover the rotating categories with my other credit cards. For example, I always buy gift cards at Staples with my Ink card for fast restaurants and gas. I get the 5 x points per dollar, which I actually value more than the 5% on rotating categories from Discover. So I am leaning towards closing the account since I do not use it. But if they're offering some good retention offers, I'll keep it around
I really want that ink card but i dont have a business . I buy free after rebate stuff at staples for premire status so I can recyle more ink every month, then sell the free after rebate stuff. Its not a bad profit at all. But right now I only get 2% back with my chase amazon . Plus i get the 5% back in staples rewards so in theory I get 7% back cause staples cash is just as good to me. But 10% back would be amazing.
I do not have a business at the current moment either. Well, I do and then I don't. My father is retiring this year and is handing down the family business to me. However, none of it is yet under my name. I applied to the card knowing that the business would be mine this year, and I was approved without a problem. Maybe you should try to apply as well. Chase did not ask me for anything. Maybe I just got lucky.

its the tax Id number that i dont have which is like the first question they ask you on the CC app.

Re: Canceling Discover

heyarrnold — Sun, 20 Apr 2014 22:11:42 GMT

@bigblue7722 wrote:
@heyarrnold wrote:
@bigblue7722 wrote:
-
@heyarrnold wrote:
@Anonymous wrote:
hmm that is a really good question! What are you trying to get lower APR, a CLI?
I rarely use the card, and I am able to cover the rotating categories with my other credit cards. For example, I always buy gift cards at Staples with my Ink card for fast restaurants and gas. I get the 5 x points per dollar, which I actually value more than the 5% on rotating categories from Discover. So I am leaning towards closing the account since I do not use it. But if they're offering some good retention offers, I'll keep it around
I really want that ink card but i dont have a business . I buy free after rebate stuff at staples for premire status so I can recyle more ink every month, then sell the free after rebate stuff. Its not a bad profit at all. But right now I only get 2% back with my chase amazon . Plus i get the 5% back in staples rewards so in theory I get 7% back cause staples cash is just as good to me. But 10% back would be amazing.
I do not have a business at the current moment either. Well, I do and then I don't. My father is retiring this year and is handing down the family business to me. However, none of it is yet under my name. I applied to the card knowing that the business would be mine this year, and I was approved without a problem. Maybe you should try to apply as well. Chase did not ask me for anything. Maybe I just got lucky.
its the tax Id number that i dont have which is like the first question they ask you on the CC app.

You're allowed to put your social security number. That's what I did. And I stated that I was the sole proprietaire.

Re: Canceling Discover

bigblue7722 — Mon, 21 Apr 2014 00:22:10 GMT

@heyarrnold wrote:
@bigblue7722 wrote:
@heyarrnold wrote:
@bigblue7722 wrote:
-
@heyarrnold wrote:
@Anonymous wrote:
hmm that is a really good question! What are you trying to get lower APR, a CLI?
I rarely use the card, and I am able to cover the rotating categories with my other credit cards. For example, I always buy gift cards at Staples with my Ink card for fast restaurants and gas. I get the 5 x points per dollar, which I actually value more than the 5% on rotating categories from Discover. So I am leaning towards closing the account since I do not use it. But if they're offering some good retention offers, I'll keep it around
I really want that ink card but i dont have a business . I buy free after rebate stuff at staples for premire status so I can recyle more ink every month, then sell the free after rebate stuff. Its not a bad profit at all. But right now I only get 2% back with my chase amazon . Plus i get the 5% back in staples rewards so in theory I get 7% back cause staples cash is just as good to me. But 10% back would be amazing.
I do not have a business at the current moment either. Well, I do and then I don't. My father is retiring this year and is handing down the family business to me. However, none of it is yet under my name. I applied to the card knowing that the business would be mine this year, and I was approved without a problem. Maybe you should try to apply as well. Chase did not ask me for anything. Maybe I just got lucky.
its the tax Id number that i dont have which is like the first question they ask you on the CC app.
You're allowed to put your social security number. That's what I did. And I stated that I was the sole proprietaire.

That's interesting. I might have to try that someday. I don't think I would get approved with my scores right now

Re: Canceling Discover

NoAnchoviesPlease — Mon, 21 Apr 2014 01:07:27 GMT

@bigblue7722 wrote:
its the tax Id number that i dont have which is like the first question they ask you on the CC app.

You can also get an EIN (Employer Identification Number/business tax ID) at irs dot gov instantly and for free, if you have a business name or just specify DBA yourself.

Re: Canceling Discover

j_casteel — Mon, 21 Apr 2014 01:15:42 GMT

I have a rental property...maybe I could get the ink? Does that count as business?

Re: Canceling Discover

j_casteel — Mon, 21 Apr 2014 01:16:53 GMT

OP, I doubt Discover will do much for retention. You don't use the card much anyway so they could see that as well.

Good Luck

Re: Canceling Discover

stevenngu92 — Mon, 21 Apr 2014 01:27:35 GMT

@heyarrnold wrote:
I rarely use the card, and I am able to cover the rotating categories with my other credit cards. For example, I always buy gift cards at Staples with my Ink card for fast restaurants and gas. I get the 5 x points per dollar, which I actually value more than the 5% on rotating categories from Discover. So I am leaning towards closing the account since I do not use it. But if they're offering some good retention offers, I'll keep it around

I was thinking of closing my discover card a while back, but i realized that no other card does the "5% online shopping category in Q4" and that ShopDiscover is imo the best cashback site/portal which stacks with that 5% online shopping and the occasional 2% cb they offer.

Re: Canceling Discover

maiden_girl — Mon, 21 Apr 2014 03:16:22 GMT

Discover offers some really good balance transfer options so I wouldn't be so quick to cancel it. Discover is a decent company to have a card with.

Re: Canceling Discover

heyarrnold — Mon, 21 Apr 2014 04:51:20 GMT

@bigblue7722 wrote:
@heyarrnold wrote:
@bigblue7722 wrote:
@heyarrnold wrote:
@bigblue7722 wrote:
-
@heyarrnold wrote:
@Anonymous wrote:
hmm that is a really good question! What are you trying to get lower APR, a CLI?
I rarely use the card, and I am able to cover the rotating categories with my other credit cards. For example, I always buy gift cards at Staples with my Ink card for fast restaurants and gas. I get the 5 x points per dollar, which I actually value more than the 5% on rotating categories from Discover. So I am leaning towards closing the account since I do not use it. But if they're offering some good retention offers, I'll keep it around
I really want that ink card but i dont have a business . I buy free after rebate stuff at staples for premire status so I can recyle more ink every month, then sell the free after rebate stuff. Its not a bad profit at all. But right now I only get 2% back with my chase amazon . Plus i get the 5% back in staples rewards so in theory I get 7% back cause staples cash is just as good to me. But 10% back would be amazing.
I do not have a business at the current moment either. Well, I do and then I don't. My father is retiring this year and is handing down the family business to me. However, none of it is yet under my name. I applied to the card knowing that the business would be mine this year, and I was approved without a problem. Maybe you should try to apply as well. Chase did not ask me for anything. Maybe I just got lucky.
its the tax Id number that i dont have which is like the first question they ask you on the CC app.
You're allowed to put your social security number. That's what I did. And I stated that I was the sole proprietaire.
@heyarrnold wrote:
@bigblue7722 wrote:
@heyarrnold wrote:
@bigblue7722 wrote:
-
@heyarrnold wrote:
@Anonymous wrote:
hmm that is a really good question! What are you trying to get lower APR, a CLI?
I rarely use the card, and I am able to cover the rotating categories with my other credit cards. For example, I always buy gift cards at Staples with my Ink card for fast restaurants and gas. I get the 5 x points per dollar, which I actually value more than the 5% on rotating categories from Discover. So I am leaning towards closing the account since I do not use it. But if they're offering some good retention offers, I'll keep it around
I really want that ink card but i dont have a business . I buy free after rebate stuff at staples for premire status so I can recyle more ink every month, then sell the free after rebate stuff. Its not a bad profit at all. But right now I only get 2% back with my chase amazon . Plus i get the 5% back in staples rewards so in theory I get 7% back cause staples cash is just as good to me. But 10% back would be amazing.
I do not have a business at the current moment either. Well, I do and then I don't. My father is retiring this year and is handing down the family business to me. However, none of it is yet under my name. I applied to the card knowing that the business would be mine this year, and I was approved without a problem. Maybe you should try to apply as well. Chase did not ask me for anything. Maybe I just got lucky.
its the tax Id number that i dont have which is like the first question they ask you on the CC app.
You're allowed to put your social security number. That's what I did. And I stated that I was the sole proprietaire.

That's interesting. I might have to try that someday. I don't think I would get approved with my scores right now

Yeah, definitely. You have to at least try once. You can never be sure until you get a no

Re: Canceling Discover

heyarrnold — Mon, 21 Apr 2014 04:52:21 GMT

@j_casteel wrote:
I have a rental property...maybe I could get the ink? Does that count as business?

I think it does count. You can say you're starting a property rental business. They honestly asked me nothing. I literally applied and was approved. No questions asked.