Discover revised terms notice, effective July 2019 - myFICO® Forums - 5552405

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Was talking to two friends today who have gotten notices of revised terms effective 7/1. Bal trans fees at 5%, late fees of $39, online gambling considered cash advance, etc. I have two cards with Disc and no such notices yet as of today, but wondering if this is for all cardholders or just some? Has anyone else received notices?

Amex CM 10K | Amex ED 10K | Amex BCE 7.5K | 5/3RD SU2C 10K | 5/3RD SU2C 6.5K | Barclays Cash 15K | Barclay AARP 15K | Bread AMEX 14K | Bread NFL 14K | Citizens Cash 8K | Citizens Clear 5K | Citi® DP 11.3K | Citi® Simplicity 9.4K | Citi® TY 6.5K | Citi® DC 4K | Citi CuC 3.4K | Cap One QS 14.6K | Cap One QS 11K | Discover It 19.5K | Discover Miles 16.5K | Brooks Brothers Visa 14.5K | BOA Cash 13.2K | BOA 7K | US Bank State Farm Visa 4K | US Bank AMEX 22.5K | US Bank Plat 16.5K | US Bank Cash 11.2K | FNBO Rewards 20K | FNBO Evergreen 11.3K | Huntington Rewards 4.4K | Huntington Voice 19.5K | Huntington Voice Rewards 18.5K | PF|CP Rewards 8.2K | PF|CP Gold 3.2K | PNC Cash 15K | PNC Core 15K | PNC Points 8K | Fidelity 15K | Wells Active 12K | Wells Reflect 10K | Target MC 12.5K | TD Cash 9K | Truist 6.5K | Truist 6.5K | Truist 6.5K | Truist 6.5K | Synch Premier MC 11.6K | Ebay MC 10K | Apple Card 6K | Chase Amazon 1.5K | F8 Scores 1/25 EX789; TU781; EQ792.

Message 1 of 52

51 REPLIES 51

5% BT fee? That's almost double the standard.

NFCU CashRewards+ $13,100

Synchrony Venmo $9,850

Synchrony PayPal $7,200

Wells Fargo Autograph $5,000

Synchrony OnePay $5,000

Capital One Savor $4,600

Citi Costco Anywhere $4,000

Capital One Williams Sonoma $2,500

Synchrony Amazon Store $10,000

Synchrony MyLowes Rewards $9,500

Comenity Ikea Projekt $3,900

Synchrony PayPal Line of Credit (converting to MasterCard soon) $3,750

Citi Macy's $800

TD Bank Target Circle $500

Message 2 of 52

I haven’t heard anything about this. It wouldn’t surprise me though.

Message 3 of 52

Just got off the phone with my one friend to double check. He said he received an email this morning to check his account for new terms. When he logged in, saw there was a message to read, and download PDF of terms. Said it seemed generic overall and directed to all cardholders, NO change to interest rate, just the BT fee, late fees, online gambling transaction fees, authorized users info, plus some other things like how they report, etc.

Amex CM 10K | Amex ED 10K | Amex BCE 7.5K | 5/3RD SU2C 10K | 5/3RD SU2C 6.5K | Barclays Cash 15K | Barclay AARP 15K | Bread AMEX 14K | Bread NFL 14K | Citizens Cash 8K | Citizens Clear 5K | Citi® DP 11.3K | Citi® Simplicity 9.4K | Citi® TY 6.5K | Citi® DC 4K | Citi CuC 3.4K | Cap One QS 14.6K | Cap One QS 11K | Discover It 19.5K | Discover Miles 16.5K | Brooks Brothers Visa 14.5K | BOA Cash 13.2K | BOA 7K | US Bank State Farm Visa 4K | US Bank AMEX 22.5K | US Bank Plat 16.5K | US Bank Cash 11.2K | FNBO Rewards 20K | FNBO Evergreen 11.3K | Huntington Rewards 4.4K | Huntington Voice 19.5K | Huntington Voice Rewards 18.5K | PF|CP Rewards 8.2K | PF|CP Gold 3.2K | PNC Cash 15K | PNC Core 15K | PNC Points 8K | Fidelity 15K | Wells Active 12K | Wells Reflect 10K | Target MC 12.5K | TD Cash 9K | Truist 6.5K | Truist 6.5K | Truist 6.5K | Truist 6.5K | Synch Premier MC 11.6K | Ebay MC 10K | Apple Card 6K | Chase Amazon 1.5K | F8 Scores 1/25 EX789; TU781; EQ792.

Message 4 of 52

Confirmed.

Message 5 of 52

Thanks Saeren for confirming!

Amex CM 10K | Amex ED 10K | Amex BCE 7.5K | 5/3RD SU2C 10K | 5/3RD SU2C 6.5K | Barclays Cash 15K | Barclay AARP 15K | Bread AMEX 14K | Bread NFL 14K | Citizens Cash 8K | Citizens Clear 5K | Citi® DP 11.3K | Citi® Simplicity 9.4K | Citi® TY 6.5K | Citi® DC 4K | Citi CuC 3.4K | Cap One QS 14.6K | Cap One QS 11K | Discover It 19.5K | Discover Miles 16.5K | Brooks Brothers Visa 14.5K | BOA Cash 13.2K | BOA 7K | US Bank State Farm Visa 4K | US Bank AMEX 22.5K | US Bank Plat 16.5K | US Bank Cash 11.2K | FNBO Rewards 20K | FNBO Evergreen 11.3K | Huntington Rewards 4.4K | Huntington Voice 19.5K | Huntington Voice Rewards 18.5K | PF|CP Rewards 8.2K | PF|CP Gold 3.2K | PNC Cash 15K | PNC Core 15K | PNC Points 8K | Fidelity 15K | Wells Active 12K | Wells Reflect 10K | Target MC 12.5K | TD Cash 9K | Truist 6.5K | Truist 6.5K | Truist 6.5K | Truist 6.5K | Synch Premier MC 11.6K | Ebay MC 10K | Apple Card 6K | Chase Amazon 1.5K | F8 Scores 1/25 EX789; TU781; EQ792.

Message 6 of 52

No problem! I have been meaning to test out how long it takes to get a response to messages in the app anyway.

It doesn’t really seem that bad and who knows, maybe the hike in the regular BT fee will result in more BT offers.

Message 7 of 52

In my mind, Discover has slowly been eliminating about everything you can drop as benefits and now a BT Fee increase. Wondering about there financials? In reading around the WWW there feels a change in lenders has slowly been creeping in. A little tighter credit environment comes to mind yet, MyFico'ers seem to do well on credit limits?!

Message 8 of 52

@Dinosaur, if anyone is going to continue to thrive with CLIs and approvals in a tightening credit world, it’ll be MyFICO members. We are credit nerds basically. Average consumers do not break down lending/increase terms, behaviors, and factors to try and figure out banks’ methodologies, and they don’t experiment with reporting to try and crack the FICO Da Vinci code. If anyone will continue getting huge limits and CLIs, it’ll be members of this forum.

Message 9 of 52

I just received an email stating "Notice of Important Changes to your Discover Card Account Terms Now Available". But when I log in there are no notices available. I am sure they will show up soon. Looks like they are sending out notices now.

Message 10 of 52