The credit card issuer recently began to inform customers through its website that the Discover Deals rewards program will be discontinued on October 31, 2018. “We’re retiring the program to focus on simpler and more meaningful ways to earn and redeem rewards. Any pending rewards will be added to your account as usual.”
What is discover deals and how does it work?
With nearly 100 partner merchants, the Discover Deals shopping portal was a go-to for anyone looking to grab a bit of cash back from a purchase that would otherwise count as non-bonus spend. Discover was also one of the only issuers to enable cash back on Apple purchases.
When do Discover cards cash back deals end?
Cardmembers who log in today to take advantage of the issuer’s cash back shopping portal are greeted by the following message: “ Discover Deals will end October 31, 2018. We’re retiring the program to focus on simpler and more meaningful ways to earn and redeem rewards.
What are the terms of the discover rewards program?
All reward redemptions are subject to Discover’s reward program terms. Cashback Match™: We'll match all the cash back rewards you’ve earned on your credit card from the day your new account is approved through your first 12 consecutive billing periods or 365 days, whichever is longer, and add it to your rewards account within two billing periods.
How does the discover it card work?
The Discover it Card offers unmatched cash back rewards. Earn 5% cash back rewards in rotating categories and unlimited 1% cash back rewards on all other purchases, automatically. Then, get a dollar-for-dollar match of all the cash back rewards you've earned at the end of your first year.
Is Discover still accepted?
Discover is accepted nationwide by 99% of the places that take credit cards. And internationally, the Discover Global Network offers acceptance in 200 countries and territories, and growing.
Does Discover have any offers?
New Intro APR: 0% intro APR† for 15 months on purchases. Then 12.24% to 23.24% Standard Variable Purchase APR will apply. Discover is accepted nationwide by 99% of the places that take credit cards.
What are the cons from Discover?
DisadvantagesThere's a cap on how much you can earn: The 1% cash back you earn has no limit. ... You need to pay attention to rotating categories: If you're good at staying on top of deals and can keep track of the rotating bonus categories, you'll love this card.More items...
Does Discover really match cashback every year?
Discover will automatically match all the cash back you've earned at the end of your first year! There's no minimum spending or maximum rewards.
Does Discover Do 0% APR?
0% Intro APR † for 6 months on purchases. Then 13.74% to 22.74% Standard Variable Purchase APR will apply. On everyday purchases at different places each quarter, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases — automatically.
Who owns Discover Card now?
The Discover Card is was owned by Morgan Stanley; it is now an independent financial company.
Why is Visa better than Discover?
Visa – Foreign Acceptance: Visa is accepted at virtually every merchant in the world who takes credit cards, in 200+ countries and territories. Discover is accepted in 190+ countries and territories, but many of those places only have a small number of merchants who will accept Discover.
Can I use Discover at Costco?
Since Costco has a contract with Visa, shoppers can't use credit cards backed by the other three main networks, American Express, Mastercard or Discover, at Costco warehouses. However, you're able to pay with Mastercard and Discover cards for purchases made at Costco.com and the Costco app.
Is Discover or Mastercard better?
The main differences are that Discover is accepted less frequently than Mastercard, and that it doesn't partner with banks to provide consumers with debit or credit cards. Basically, Discover is both the issuer and the network, whereas Mastercard is just the network.
How many credit cards is too many credit cards?
How many credit accounts is too many or too few? Credit scoring formulas don't punish you for having too many credit accounts, but you can have too few. Credit bureaus suggest that five or more accounts — which can be a mix of cards and loans — is a reasonable number to build toward over time.
Does Discover always double cash back?
Discover will automatically match all the cash back you've earned at the end of your first year! There's no minimum spending or maximum rewards. Just a dollar-for-dollar match. Earn cash back on your next road trip with 2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter.
Is Discover a good first credit card?
The Discover it® Cash Back Credit Card may be a great choice for a first credit card because it offers benefits like 5% cash back on purchases in categories that rotate every quarter up to the quarterly maximum when you activate, 1% automatic cash back on other purchases, and an automatic dollar-for-dollar match on all ...
How many miles can you earn on Delta in 2021?
Plus, in 2021 you can earn even more bonus Medallion® Qualification Miles (MQMs) to help you reach Medallion Status. Earn 3X Miles on Delta purchases and purchases made directly with hotels. Earn 2X Miles at restaurants worldwide, including takeout and delivery and at U.S. supermarkets.
Does Discover offer cash back?
Discover was also one of the only issuers to enable cash back on Apple purchases. Discover still offers quarterly bonuses, much like those offered on the Chase Freedom, but the expiration of Discover Deals is a big blow in terms of overall value for holding one of Discover’s cards.
How much cash back do you get with Discover?
With your Discover it card, you automatically earn unlimited 1% cash back on all purchases. Earn 5% cash back at different places each quarter, when you activate. You'll still earn an unlimited 1% cash back on all other purchases – automatically.
Does Discover Card give MCC?
Discover Card does not assign MCCs to merchants. Even if you make purchases at a merchant of items that appear to fit in a rewards category, the merchant may not have an assigned MCC in that rewards category. Only purchases made from merchants located in the United States are eligible for 5% Cashback Bonus.
When did Discover Deals end?
Unfortunately, that program ended on October 31, 2018.
Does Discover require documentation?
Discover may request documentation. As you can see, there’s a lot to like about Discover card promotions. The one thing you won’t see on any current Discover cards, though, is an initial bonus for spending a certain amount after you get the card. But Discover makes up for that by matching the first year’s rewards on all their cards.
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Does Discover charge a fee?
None of Discover’s credit cards charge annual fees or foreign transaction fees, either. There are plenty of other perks, too, such as free credit scores. And together, all these Discover card promotions form a portfolio that can meet any cardholder’s financial needs.
Does Discover have a fee for late payments?
You also receive unlimited 1% cash back on all other purchases. No annual fees or foreign transaction fees: Discover cards do not charge annual fees or foreign transaction fees. There are no penalty APRs for late payments, and Discover waives the fee for your first late payment. You could be charged up to $37 for subsequent late payments.
When did Discover come out?
Discover came to the market in 1986 as a more customer-friendly card. Today, the cards maintain those traits, but the benefits that set the brand apart years ago are now fairly standard in the industry. Carefully review the terms on each of its cards before applying.
When did Discover start?
Discover was an innovator when it launched in 1986, with its no annual fee and cash back rewards program. 2. Discover offers eight major credit cards today; terms and features vary. 3. While competitors have aped many of its innovations, Discover ranks high in customer service and satisfaction among credit card companies. 4.
How much cash back does a business card give?
The Business card offers 1.5% cash back on all purchases, with no cap on the amount you spend.
Is Discover the seventh largest credit card company?
In the mid 2000s, agreements with foreign payment networks, like Japan's JCB and China's UnionPay, greatly increased its usage abroad. 2 As of 2021, Discover is the seventh-largest issuer of credit cards in the world with over 57 million cardholders. 1.
Who made Discover cards?
Dean Witter Financial Services Group Inc., a subsidiary of Sears, Roebuck, and Co., developed the Discover card in the early 1980s. Testing for the card began in 1985—the very first purchase was made by a Sears employee from Chicago in a Sears store in Atlanta—and there was also test marketing in Atlanta and San Diego.
Does Discover have cash back?
Although the cash back feature was attractive to consumers, Discover caught on slowly with merchants; at first, only major airlines and rental-car companies—and of course, big retailers like Sears—accepted it. But it gradually increased in popularity.
