Discover unOfficial Data Points

[Anonymous]

if discover wants to act like they are I'll just keep using my Barclays cash rewards card and my Cap one quicksilver both of them give me very nice CLI....you think with discover being a bottom feeder card they would be more willing to issue CLI to people with good profiles.

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

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For me, it's not so much the double cash back during the first year as the fact that Discover offers 5% in revolving categories each quarter. Starting in October, they're giving 5% back on Amazon purchases, which is important to me because I shop frequently on Amazon. Of course, seeing that double cash back is active for me until next March, I'll end up actually getting 10% back on Amazon purchases during that quarter (if I figure correctly!).

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Correct on the 10% back.  I agree completely that the first year with Discover is great and it gives you a lot of incentive to use the card.  After the first year though, it really just becomes a 5% rotating category card.  There's nothing wrong with that, but usage in Year 2 would most likely go down significantly for many people because of the promo ending.  In Year 1 the card could even be used as a daily driver, as it essentially would be a 2% CB card, but after Year 1 someone would move their general spend likely to a different card as many provide more than 1% CB.

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That's a point. In my portfolio, both Penfed Power Cash Rewards and Capital One Quicksilver beat Discover on regular rewards, 1.5% to 1%, and when I complete my current gardening phase I'm considering the Marvel Mastercard which gives 3% on bookstore purchases, presumably including Amazon (I buy a LOT of books).

[bigpoppa09]

Just hit the luv button no cli in 5 months just got the 2 day message for the first time so we will see.

[Anonymous]

it looks like Discover is changing it's CLI policy.......that's fine the card will go into my sock drawer and stay.

[FireMedic1]

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@FireMedic1 wrote:

Lets just crank it up another $1500 to a new $6800 freakin CL. You guys rock! It worked!  Un-friggin-believeable. Not going to change a thing in spend. Always PIF with moderate usage from 40-60% total but with 2-3 payments a month, except  for the first short statement I let $30 post. Thanks again man. Discover is awesome! Just ordered the new gold card in celebration!

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Yeah I'm quoting myself. Back in Feb. This was the last CLI. The DD that Austin had me go for. Tried at 61 and 91 days. Nada. Gave up. Cut spending down to see if that helped. Nope. Got the Cap1 Dining 3 months ago and a auto CLI on my QS for 2k without asking last week. I was hoping Disco would pass my QS and then combine the 2 QS's. Guess not. Still amazed I got it 9 monts after BK for 1200. So not complaining too much. Just baffling.

[Anonymous]

discover is a bottom feeder card but the way they're acting you would think they were a prime card! if this is a new policy it's going to turn a lot of people off.

[Anonymous]

Just tried the CLI button to see if I'm on the 30-day schedule...no luv for me this time. Letter incoming in 3-5 days, will try again on or around August 10-11 to see if I'm on the 60-day schedule.

[Anonymous]

Why do you call Discover a bottom feeder card? I have always had impeccable service with them, and they are known to be somewhat selective as to new customers.

[Anonymous]

More data points, Discover IT opened on 4/30/17 for 4K, after skimming through parts of this thread, I decided to see what happens if I hit the button before 90 days, 71st day today with 2nd statement cut on 6/28/17.  Instant approval for 1.5k bring total to 5.5k, still very low relative to my other cards but it's a good start considering the expectation was a decline.

I have a few questions on the concept of double dipping, is the idea basically to call the CSR for a CLI before the new increase is updated in their system? Do I just call the number on the back of the card or is there a special number listed somewhere in this giant thread?

Thanks for the help.

[Anonymous]

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@Anonymous wrote:

Why do you call Discover a bottom feeder card? I have always had impeccable service with them, and they are known to be somewhat selective as to new customers.

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Because of the sense of entitlement. You know the rule, if I don't get what I want, they obviously suck, they are subprime blah blah blah etc. 

Its really a simple solution, if Discover is so horrible and so much a bottom feeder and their profile is SO above Discover now......why not just close it? Another question: why did they apply to them in the first place?