Discover really tempting me!

[Anonymous]

@austinguy907

That makes sense. Thanks!

[austinguy907]

I remember your other thread because of the rent $62 vs $2 fee comparison.  I miss renting at this point with all the sign up bonuses that would be easy to obtain through the rent portals.  I don't know how everything else looks but you could always pay cash / debit.  Say you're paying $800/mo that's $16/mo you'd make from Discover under the double cashback promo.  If you had a higher yielding checking account somewhere paying 2.5-4% then you'd be ahead by just using your debit card or pushing a check from bill pay.  I make about $50/mo on interest in my checking with 15 debit trans per month.

[Anonymous]

I am NOT paying that $62 fee right now. I pay thru my checking and it's free. I'm just trying to make some extra money using a cashback card. Lol. The discover will be over $30 a month for the first year, plus whatever else I throw on there for the 3%.

[austinguy907]

Check out www.depositaccounts.com and under checking look through the rewards checking section.  Might as well make some money on your normal spending / balance.  Teaming this up in the future with a good spend card and keeping your cash on hand is a good move.  

[Anonymous]

Interesting. Is this just going off your checking balance, or paying for using your checking account? Cause I have a CU that pays for using checking/debit, but I never use it cause credit rewards much higher. I only pay car, credit statement, and for right now rent out of a checking acct. My main checking acct doesn't usually have much. I put enough just to cover my expenses and the cu accts get the rest. What is this going off of?

[Anonymous]

I just read one and you have to use debit a certain amt of times. I don't touch debit anymore. Not going to have debit fraud again. I canceled my debit card and locked my boa down. Can only use if I unlock. Not risking my money again. I stay with credit and get my cash back that way.

[austinguy907]

I've had a few fraud notifications through my CU and they just squash them.  They actually changed things up and replaced the card the last time with a chip based debit card.  It's a fact though that no matter what you do to protect yourself from shielding the card from RFID scanners, chip/pin, etc. if it's been issued then some scammer has the info already.  I tend to use the card for routine things where I can rack up the transactions fairly easy like groceries through self checkout... .scan whatever $ amount needed to get credit for the transaction then swipe and ring up some more and then swipe and so on.  It's pretty easy to hit the transaction limit and limiting your exposure to hit the goal.  I found since I stopped using it when eating out all of the time the alerts stopped and haven't heard anything from the bigger CC companies about any fraud or seen anything pending that would indicate the same.  I do paypal for anything online since they send a virtual # to the site instead of inputting it directly.  

[Anonymous]

I had money taken from my acct. Had to do police report, sign papers, and wait forever to get it back. Fraud can always happen, but if it's credit, it ain't my money. It's the bank's money. I have 3 cashback credit cards that I use for different things. I've made a lot on those this year. I can't deal with another checking/savings right now. I just canceled my paypal the other day. Too unsafe for me. We sound like total opposites. Lol

[joltdude]

Still bitter about family member who didnt try for a 10.24% apr offer  (no thats not a typo.. ten point twenty four) he got in the mail from discover for the it.... included the 0% for 12 months and the double cashback for first year.... He has high scores...

-J

[NichelleN]

My interest rate was definitely not that low. But the 0% for 12 months and the double cash back made this a wonderful card for me. I'm at the end of my first year with a cash back balance of $711 which will be doubled with next month's statement. It was a great ride.