@M_Smart007 wrote:
@wasCB14 wrote:Discover makes most of its money from interest/fees on BTs as well as cross-selling personal loans. As their financial reports show, the cards themselves get fairly little spend. And the few "heavy" spenders face a quarterly cap, anyway.
This is why I make sure that I double that cap!
Two cards are better than one. (I could actually use a third
)
Yes, but for the few CC owners who are maximizing bonus categories, an even smaller subset has "duplicate cards". It's just not a large number of people doing this for it to be a concern for Discover.
@Credit12Fico wrote:
@M_Smart007 wrote:
@wasCB14 wrote:Discover makes most of its money from interest/fees on BTs as well as cross-selling personal loans. As their financial reports show, the cards themselves get fairly little spend. And the few "heavy" spenders face a quarterly cap, anyway.
This is why I make sure that I double that cap!
Two cards are better than one. (I could actually use a third
Yes, but for the few CC owners who are maximizing bonus categories, an even smaller subset has "duplicate cards". It's just not a large number of people doing this for it to be a concern for Discover.
You make a very valid point!
At one time I was going to combine them and have one with a larger CL, but I realized I needed two,
as to maximize on having a larger cap. for spend. Also the second one I just met the 5+5 cash back match.
So it was effectively 10% (At the end of one year)
I still at some point may combine the two, and apply for another one,
in order to get a larger CL on card #1 and then get another year of cash back match, after opening another.
