topic Re: Did I or discover mess up? in Credit Cards

Did I or discover mess up?

Fico2Go — Tue, 23 Sep 2014 03:57:53 GMT

Does Discover limit cashback on category spending to $1500 per quarter?

For some reason I've been getting uncapped cashback spending for two months straight.

Re: Did I or discover mess up?

mongstradamus — Tue, 23 Sep 2014 03:58:52 GMT

thats nice to get all that cash back :-) i thought they capped at 1500 like freedom, but i could be wrong.

Re: Did I or discover mess up?

yfan — Tue, 23 Sep 2014 04:11:48 GMT

@Fico2Go wrote:
Does Discover limit cashback on category spending to $1500 per quarter?
For some reason I've been getting uncapped cashback spending for two months straight.

Discover does limit Cashback on category spending to $1500 per quarter, BUT, there are some things to keep in mind:

Beyond that $1500, you still continue to earn 1% on everything.
If you are using Shop Discover, the bonus cashback from ShopDiscover is unlimited.

Re: Did I or discover mess up?

Fico2Go — Tue, 23 Sep 2014 04:20:21 GMT

@yfan wrote:
@Fico2Go wrote:
Does Discover limit cashback on category spending to $1500 per quarter?
For some reason I've been getting uncapped cashback spending for two months straight.
Discover does limit Cashback on category spending to $1500 per quarter, BUT, there are some things to keep in mind:

Beyond that $1500, you still continue to earn 1% on everything.
If you are using Shop Discover, the bonus cashback from ShopDiscover is unlimited.

There must be an error then. Seems I am getting 5% cashback on all of my purchases at gas stations the past two months. Hopefullly they won't take back my $500 cashback I earned.

Re: Did I or discover mess up?

yfan — Tue, 23 Sep 2014 04:28:14 GMT

@Fico2Go wrote:
There must be an error then. Seems I am getting 5% cashback on all of my purchases at gas stations the past two months. Hopefullly they won't take back my $500 cashback I earned.

You spent 10 grand in gas in 2 months?

Re: Did I or discover mess up?

Fico2Go — Tue, 23 Sep 2014 04:30:17 GMT

@yfan wrote:
@Fico2Go wrote:
There must be an error then. Seems I am getting 5% cashback on all of my purchases at gas stations the past two months. Hopefullly they won't take back my $500 cashback I earned.
You spent 10 grand in gas in 2 months?

No.

But I did make purchases totalling over 10K at gas stations.

Re: Did I or discover mess up?

Anonymous — Tue, 23 Sep 2014 05:04:45 GMT

@Fico2Go wrote:
@yfan wrote:
@Fico2Go wrote:
There must be an error then. Seems I am getting 5% cashback on all of my purchases at gas stations the past two months. Hopefullly they won't take back my $500 cashback I earned.
You spent 10 grand in gas in 2 months?

No.

But I did make purchases totalling over 10K at gas stations.

Certainly an expensive mistake for them to make! Make sure you cash out the rewards ASAP, and if they do find the error and give you a negative reward balance, you can decide whether to close the card or not.

From a max of $75 per quarter to $500 in two months changes the value proposition of the card quite a lot!

Re: Did I or discover mess up?

Anonymous — Tue, 23 Sep 2014 05:48:31 GMT

Bartender, I'll have what he's having!

Re: Did I or discover mess up?

Kenny — Tue, 23 Sep 2014 06:19:55 GMT

Wow, Congrats!

Re: Did I or discover mess up?

taxi818 — Tue, 23 Sep 2014 08:17:18 GMT

@Fico2Go wrote:
Does Discover limit cashback on category spending to $1500 per quarter?
For some reason I've been getting uncapped cashback spending for two months straight.

They cap the 5% but even you go over they still give you 1%.

Re: Did I or discover mess up?

taxi818 — Tue, 23 Sep 2014 08:18:22 GMT

@yfan wrote:
@Fico2Go wrote:
There must be an error then. Seems I am getting 5% cashback on all of my purchases at gas stations the past two months. Hopefullly they won't take back my $500 cashback I earned.
You spent 10 grand in gas in 2 months?

Exactly. I'm taxi driver and I only spend between 1500 and 2k. Each month.

Re: Did I or discover mess up?

Kenny — Tue, 23 Sep 2014 08:19:23 GMT

@taxi818 wrote:
@yfan wrote:
@Fico2Go wrote:
There must be an error then. Seems I am getting 5% cashback on all of my purchases at gas stations the past two months. Hopefullly they won't take back my $500 cashback I earned.
You spent 10 grand in gas in 2 months?
Exactly. I'm taxi driver and I only spend between 1500 and 2k. Each month.

The OP clearly explained the spend already.

Re: Did I or discover mess up?

Anonymous — Tue, 23 Sep 2014 08:39:16 GMT

you either did your math wrong or they did keep it uncapped. I would tell Discover that they left it uncapped or if they find out, they would lower your limit. That's what I heard.

Re: Did I or discover mess up?

Kenny — Tue, 23 Sep 2014 08:43:10 GMT

I'd leave it be.. that way in case they find it out (which I doubt that would be the case.) it's still there for them to take back. Chances are if you don't exploit it more than you already have this nothing will come from it.

Re: Did I or discover mess up?

taxi818 — Tue, 23 Sep 2014 09:52:59 GMT

Someone told him to cash out. No way. I would add it up and fess up. They may let op keep it. Since it's clearly their mistake. Nothing wrong with saying I think mistake on my account. You gave me too much cash back. Good friend of mine got 63k in his checking account. He took out and put in his savings. It sit there. 6 months. Bank finally said we habe you some one else's money. Where is it? Thank god he still had it. Don't know if he could have been charged for thief. But this is too small I would just let them know.

Re: Did I or discover mess up?

Fico2Go — Tue, 23 Sep 2014 10:15:29 GMT

Thanks everyone for your input. I think I'm going to cash out as statement credit. But still keep charging until the skinny lady say stop.

Re: Did I or discover mess up?

taxi818 — Tue, 23 Sep 2014 10:58:27 GMT

Let me ask question. In the station you use. Is everything billed as gas? Even though you go inside. That would be sweet. I would never stop shopping there.

Re: Did I or discover mess up?

Fico2Go — Tue, 23 Sep 2014 11:17:49 GMT

No. I typically fill up 50$ worth of gas each time.

Re: Did I or discover mess up?

Anonymous — Tue, 23 Sep 2014 11:56:47 GMT

Discover has this thing where the bonus cash back is delayed a month (a statement cycle) if it's within a few days of the statement cut date. I know this because I spoke with someone at Discover because my cash back wasn't adding up to what it should've been and that's what they told me. When I did the math and excluded the "bonus" spend, it added up properly. That may be what you're seeing.

Re: Did I or discover mess up?

taxi818 — Tue, 23 Sep 2014 11:58:35 GMT

@Anonymous wrote:
Discover has this thing where the bonus cash back is delayed a month (a statement cycle) if it's within a few days of the statement cut date. I know this because I spoke with someone at Discover because my cash back wasn't adding up to what it should've been and that's what they told me. When I did the math and excluded the "bonus" spend, it added up properly. That may be what you're seeing.

Ooh I never got a bonus spend. What's that? Lol.