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Discover secured can be switched to 5% rotating categories

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Valued Contributor

Discover secured can be switched to 5% rotating categories

I'm not sure it's technically a product change, but, you can switch from the 2% restaurants/gas version to the 5% rotating categories version. I asked in chat, and the CSR said "sure" and told me it'll switch on August 19. I can keep using the same card or request a new one. The cash back match after 12 months is unaffected, I'll just accrue cash back differently starting Aug. 19.

 

Not sure if this is common knowledge, thought I'd post in case people weren't aware.


No derogs, but tons of inquiries and heavy credit-seeking behavior. In March of 2019, I had no open accounts, a charge-off, two collections, and scores in the low 500s. What I call the "thick build method" worked for me, but may not work for every situation.
Cards

Authorized user / Corporate / Auto loan / Personal loan

Card CLs total $85,100, not counting the AU card. The AU card brings the total to $110,100. In March 2019, card CLs totaled $0.

Closed but still on reports: ExxonMobil, $950, 10/08-02/11 (Equifax only) | Citi secured, $200, 04/19-09/19 | Capital One secured, $300, 04/19-08/19 | My Jewelers Club, $5,000, 05/19-08/19 | Green Dot Primor, $300, 05/19-08/19 | Self Lender secured $500 loan, 04/19-01/20 | Unsecured personal loan from Coastal, $1,000, 06/19-08/19.
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Moderator

Re: Discover secured can be switched to 5% rotating categories

Thanks for the info !
"If there's a lack of money in your life, understand that feeling worried, envious, jealous, disappointed, discouraged, doubtful or fearful about money can never bring more money to you, because those feelings come from a lack of gratitude for the money you have."

"Reactions are powerful creators because they contain every element needed to manifest—they're a combination of thought, belief, and feeling in action. Positive reactions create more positive things, and negative reactions create more negative things. If you can respond to negative situations calmly and lightly, instead of with emotional turbulence, what happens next in your life will be so much better."

- Rhonda Byrne

Message 2 of 6
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Frequent Contributor

Re: Discover secured can be switched to 5% rotating categories

I also did this when my Discover was secured. 

Last October I was told by a CSR that I had to wait for my first statement before they could approve the product change. I called back after that and my rewards changed over after billing cycle #2.







Message 3 of 6
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Established Contributor

Re: Discover secured can be switched to 5% rotating categories

Didn't work. CSR said I have to wait until I graduate or 12 statements.


Message 4 of 6
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Valued Contributor

Re: Discover secured can be switched to 5% rotating categories


@Lizzo wrote:
Didn't work. CSR said I have to wait until I graduate or 12 statements.

Hmm, maybe try again via chat, your CSR might be mistaken. I am two statements in, and not graduated. Good luck!


No derogs, but tons of inquiries and heavy credit-seeking behavior. In March of 2019, I had no open accounts, a charge-off, two collections, and scores in the low 500s. What I call the "thick build method" worked for me, but may not work for every situation.
Cards

Authorized user / Corporate / Auto loan / Personal loan

Card CLs total $85,100, not counting the AU card. The AU card brings the total to $110,100. In March 2019, card CLs totaled $0.

Closed but still on reports: ExxonMobil, $950, 10/08-02/11 (Equifax only) | Citi secured, $200, 04/19-09/19 | Capital One secured, $300, 04/19-08/19 | My Jewelers Club, $5,000, 05/19-08/19 | Green Dot Primor, $300, 05/19-08/19 | Self Lender secured $500 loan, 04/19-01/20 | Unsecured personal loan from Coastal, $1,000, 06/19-08/19.
Message 5 of 6
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Established Contributor

Re: Discover secured can be switched to 5% rotating categories


@KJinNC wrote:

@Lizzo wrote:
Didn't work. CSR said I have to wait until I graduate or 12 statements.

Hmm, maybe try again via chat, your CSR might be mistaken. I am two statements in, and not graduated. Good luck!


Update: Due to a security freeze, I made to manually call in to do the change-over. I am now an IT card holder!



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