FNBO Terminating Relationship with Discover Network

[gdale6]

Hi all,

Got a letter today stating FNBO is terminating their relationship with Discover and will be converting all Discover branded cards issued by them to AMEX cards with a fixed 1.5% cash back on all purchases. The new rewards program of 1.5% is effective Dec 1 2016 and when the cash back balance reaches 25 it will automatically credit to your account. The official date of the network switch is Jan 22, 2017.

I dont really like auto credit of earned rewards and the cash back percentage is okay but not the best that I have so other than carrying a balance on this card financed at 5.99% for the entire life of said balance I will not be using it for any purchases.

[CreditMagic7]

Thanks for this heads up and so it pretty much confirms what is been circulating of late.

A few months ago I had saved the page to app their Discover branded card only to find it missing when checking on it last month.

[azguy13]

Any Idea why the relationship is terminated? Seems like an interesting rewards structure. I am not sure how I would feel about it if I owned the card. Discover co-branded cards seem to be going the way of the Dodo over time. 

[CreditMagic7]

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@azguy13 wrote:

Any Idea why the relationship is terminated? Seems like an interesting rewards structure. I am not sure how I would feel about it if I owned the card. Discover co-branded cards seem to be going the way of the Dodo over time. 

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I wouldn't mind learning what the reason why was too.

Maybe someone with a long enough history with FNBO cards wouldn't mind chiming in on that for us.

[galahad15]

FNBO also no longer appears to offer personal / non-business MCs anymore either, which I thought was kinda interesting.  At one point, they were one of the very few banks that offered credit cards on all available networks:  MC, VISA, Amex, and Discover.  Now it seems they only offer VISA and Amex.

[CountryLivin]

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@galahad15 wrote:

FNBO also no longer appears to offer personal / non-business MCs anymore either, which I thought was kinda interesting.  At one point, they were one of the very few banks that offered credit cards on all available networks:  MC, VISA, Amex, and Discover.  Now it seems they only offer VISA and Amex.

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They still offer the Club O Mastercard.

[CreditMagic7]

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@CountryLivin wrote:

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@galahad15 wrote:

FNBO also no longer appears to offer personal / non-business MCs anymore either, which I thought was kinda interesting.  At one point, they were one of the very few banks that offered credit cards on all available networks:  MC, VISA, Amex, and Discover.  Now it seems they only offer VISA and Amex.

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They still offer the Club O Mastercard.

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Interesting. Wonder how much longer? Worth keeping an eye on maybe as 2017 rolls out.

It does seem to be some changing of the guard going on right now.