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does discover have any good current offers?

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Regular Contributor

does discover have any good current offers?

I accepted the 0% APR on my discover card for 12 months awhile back, but haven't used this card much at all. Has discover come out with any good promos again recently? 

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Super Contributor

Re: does discover have any good current offers?

I think I read on DoC (or reddit, can't remember) some were getting 3% on purchases up to $1,500 for the next few months. Obviously that is nothing earth shattering (an extra 1% on $1500 above a standard 2% card is only $15 more), but it's something.

 

Discover could stand to innovate a product as it's been several years since they have really changed anything in their (small) lineup, but apparently they're content with it.

Message 2 of 9
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Established Contributor

Re: does discover have any good current offers?

Probably not what you mean, but here is the calendar for the rotating 5% categories.

 

https://www.discover.com/credit-cards/cashback-bonus/cashback-calendar.html

 

Right now, restaurants and Paypal.


FICO 8 scores are deceptively high. My profile is young with a lot of new accounts and even more inquiries from 2019. The Barclay AU card is not on TransUnion; and, Equifax has some old positive accounts from 2011 that are not on the other two. That is the reason for the variation in scores. No derogs. Over 5/24 until fall 2021.
Cards

Authorized user / Corporate / Auto loan

Closed but still on reports: ExxonMobil, $950, 10/08-02/11 (Equifax only) | Citi secured, $200, 045/19-09/19 | 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.

Goals: Late 2020 - Ducks Unlimited card; scores in high 700s with inquiries aging. Long-term goal - Prime rate mortgage; able to qualify for most standard credit products.
Message 3 of 9
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Senior Contributor

Re: does discover have any good current offers?

https://ficoforums.myfico.com/t5/Credit-Cards/Discover-renewed-0-on-purchases/td-p/5704458

 

(Mod may wish to merge.)

Spend: BofA Premium, BBP, Schwab Platinum, Freedom x 2, Costco, Discover
Perks: IHG49, Hyatt75, Delta Platinum
SD/AAoA Ballast: Arrival, CFU, DC, ED, QS
Retention games: BCP, Marriott Brilliant
Mostly earning MRs and cash back as I use up hotel and airline points spread across several programs.
Message 4 of 9
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Frequent Contributor

Re: does discover have any good current offers?

If you don’t have the card yet you can get a $75 credit after first purchase on amazon, if you sign up through amazon.

 

https://www.amazon.com/Discover-test_model-it%C2%AE-Cash-Back/dp/B00AW3IXZO/ref=sr_1_1?crid=3OXKUQ0I...

Message 5 of 9
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Super Contributor

Re: does discover have any good current offers?

You can get a $100 sign up bonus using a referral link for the It Miles. Just have to make one purchase and both you and the person who referred you get $100. 

 

I thought about it but I only prequal at 23.24% so I’m not hopeful I would get more than $500. 

 

The Amazon $75 offer also works for the It Miles card. 

 

https://www.amazon.com/Discover-test_model-it®-Miles/dp/B00UCFEZOU



01/2019:
02/2020:

Closed: CareCredit $10K, B&H Payboo $7500
Hover over my cards to see my limits!
Goal cards: Cash+, Freedom.
Message 6 of 9
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Valued Member

Re: does discover have any good current offers?

Since apple has ambitions to become a card payments network like Vs/MC (hence Apple Card) I could see them acquiring discover for its independent global payments infrastructure. Even Apple Cash is done via Discover network.
Message 7 of 9
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Valued Contributor

Re: does discover have any good current offers?


@SEBanker wrote:
Since apple has ambitions to become a card payments network like Vs/MC (hence Apple Card) I could see them acquiring discover for its independent global payments infrastructure. Even Apple Cash is done via Discover network.

You probably know more than me about it. However, I am never hesitant to poot a foot in my mouth. My understanding is, Goldman has transitioning to an insured deposit bank. Lower for longer, yada, yada, yada. Their trading desks are suffering, return on capital is bad, yada, yada, yada. This is their way to dip a toe into high rate revolvers. All the while stating it is a data play, they just want into the double digit revolver game. Apple sees an opportunity through ApplePay to undercut the Visa/MX network discount fees.

While Goldman may be looking to acquire accounts, I don't think they want to buy a traditionally bond supported credit profile.




Gardening is hard.
“If you don’t know, the thing to do is not to get scared, but to learn.” – Ayn Rand
Message 8 of 9
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Valued Member

Re: does discover have any good current offers?

You said it yourself..."undercut the visa/MC network fees."  What better way than to become their own payments network. They could buy Discover with cash, sell the card portfolio which is a bond driven credit profile, and retain the global payments network which is an ambition of theirs.  The Discover card portfolio would continue at a Wells Fargo or someplace. As far as GS, they got a taste of cheap money when they gained access to the fed window during the financial collapse and thought "what a great idea."  We can become a commercial bank, draw in cheap deposits and lend it out. It also has the benefit of masking the leverage and risk in our other businesses. They aren't betting the future of the company on consumer loans or credit cards. And if they did want to go in that direction I could easily see them picking up Capital One when Fairbanks decides to retire. 

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