Strongly considering closing out my Discover

[Anonymous]

I've noticed my doctors (including my eye doctor) doesn't take AMEX... Same with my car insurance.

In fact, in many places I see the big three, excluding AMEX. 

[Anonymous]

I'm gonna start another thread about this AMEX thing 

[redpat]

Well I'm dumping 90k+ TY points on AA for 1.60 redemption before July 2017 because of devalue.

As for MR and UR I have been accumulating points and haven't use any in a year.  I may go another couple of years before using a good chunk of them.

Ink+ gives me most of my UR points and personal spend gives me most of my MR points.

MR points will be transferred to partners if used, wait for transfer bonus before transferring.

UR points would always be transferred but CSR w/ 1.50x through portal might have changed that.

[redpat]

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@Anonymous wrote:

I've noticed my doctors (including my eye doctor) doesn't take AMEX... Same with my car insurance.

In fact, in many places I see the big three, excluding AMEX. 

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It may depend on where you live.

My doc and dentist take amex.

[SunriseEarth]

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@Anonymous wrote:

Is it only the Discover IT that does the cash with purchase? My daughter has the student version and needs little bits of cash every once in a while.

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AFAIK, this feature is available on every Discover card.   DD could try making a purchase at Walmart or large chain supermarkets to see if they offer cash-over.  

[Anonymous]

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@redpat wrote:

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@Anonymous wrote:

I've noticed my doctors (including my eye doctor) doesn't take AMEX... Same with my car insurance.

In fact, in many places I see the big three, excluding AMEX. 

---

It may depend on where you live.

My doc and dentist take amex.

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Check out my latest thread for statistics. 

[SunriseEarth]

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@redpat wrote:

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@Anonymous wrote:

Is it only the Discover IT that does the cash with purchase? My daughter has the student version and needs little bits of cash every once in a while.

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Then transfer money into her bank account.  IMO, don't make it easy for her.

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I always prefer using CCs to debit cards for safety reasons.   If someone compromises my Discover card, I'll be mildly inconvenienced while they issue me a new card and temporarily hold some of my available credit.   If someone compromises my debit card, then my actual money is frozen up until the issue is resolved.   Some banks will work quickly, but it can still be a mess to resolve.  Granted, in-store purchases aren't as susceptible to things like skimming, but we've certainly heard of stores being hacked.

As far as spending responsibilty, that comes from good payment habits.   PIF for a purchase with cash-over is just as responsible as PIF for a purchase only.  

[redpat]

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@Anonymous wrote:

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@redpat wrote:

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@Anonymous wrote:

I've noticed my doctors (including my eye doctor) doesn't take AMEX... Same with my car insurance.

In fact, in many places I see the big three, excluding AMEX. 

---

It may depend on where you live.

My doc and dentist take amex.

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Check out my latest thread for statistics. 

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They mean nothing to me because I never had a problem using amex.

[austinguy907]

Here's a good article regarding where things are accepted and why everyone has a Visa/MC but not a Disc/Amex.  Basically the monopoly by V/MC transaction networks and the ability for any/every bank to license using their logo and payment network accounts for the higher visibility of their brands versus mostly originated and not licensed network usage of Amex/Disc by many institutions.

https://wallethub.com/edu/credit-card-companies/20409/

[galahad15]

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@Anonymous wrote:

I would never get rid of my Discover card just because they have American's answering the phone who I can actually understand. 

Plus they bend over backwards for you? Want a new card design tomorrow? Simply ask. Want a fee waived? No problem, done. 

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Idk about Discover bending over backwards in favor of helping the customer, tbh.  I do like them but they are far from my favorite card, primarily b/c my Discover IT, formerly a Discover More, was RJ'd around the time of CARD Act from a then-APR of 5.24% V to the present 10.24% V.  They at one point also tried to RJ me even higher than 10.24% V, and I was able to negotiate it a little lower, but never anywhere near back to the original single-digit rate.  The near-doubling of my Discover APR over the years since CARD Act is the main reason why to this day it is still not my daily driver.