I've got 3-4 similar offers in the past 6 months, including this last one. All mailers.
Can't say what is triggering it. I've had a Discover for 12 years. Pay my card in full in every month and my spend ranges from a few hundred up depending on what the 5% CashBack is that quarter. I can say I rarely go over $1500 in a month with them.
If I wasn't trying to cut back my spending to divert some money into investments, I would probably do it.
I got $1000 Cash Back offer for $5500 monthly spend for next 8 months. Hadn't seen that before. No way can I spend that much so won't even try to work that offer. Has anyone received simliar and called to see if you can get another offer ($250 for $1500/month spend for 5 months)?
I got $500 back for spending $3000 or $3500 for the next 5-6 months offer, forgot the details as I don't spend that much each month. I did use the card a lot the last few months and spent average $2000/month for some remodeling, but I pay the balance in full each month. I think the trigger is if you spend AVG about $2000, they will send you the $3000/month deal, if you spend $3000/month, you will get the $5000/month deal. looks like they are trying to make you spend more than you can afford and hope that you can't pay the balance in full and kill you with the interest. CC companies are the devil.
Yeah...think so. I probably average around $1000/month on Discover (maybe $1500), but the last few have been $3K or so a month. It's still a crazy offer. Guess i'll try to call and get a different one. Will be interesting to see if they offer anything.
richardyc said: I got $500 back for spending $3000 or $3500 for the next 5-6 months offer, forgot the details as I don't spend that much each month. I did use the card a lot the last few months and spent average $2000/month for some remodeling, but I pay the balance in full each month. I think the trigger is if you spend AVG about $2000, they will send you the $3000/month deal, if you spend $3000/month, you will get the $5000/month deal. looks like they are trying to make you spend more than you can afford and hope that you can't pay the balance in full and kill you with the interest. CC companies are the devil.
They are the devil unless you are a true fatwallet reader (like yourself). In that case you get a bunch of extra CashBack. I have some Discover cards that have been sitting forever. They never offer me a damn thing. I will do as you suggest and see if I get some offers. And they have SKY high interest rates. I used to get some really cheap BT offers from them. I think they mailed me something with week for a BT offer. I used to get 18 months for zero costs or at most 3% up front.
Last year around Aug, I got the $500 Cash Back for $2,500/month spending for 5 months offer. Before the offer, I spent only $500/month in the previous 6 months. They wanted to bump up my spending to 5X. They were successfully. I ended up spending on average over 5K per month in the following 5 months and got the $500 Cash Back.
BUt is it that great? Is iot worth it? 5 x $1500 =7500 total spent. $250 of that is 3.75%. I guess depends if you have alot of spending in gas ,grocery ,restaurant wher eyou can get 5%
DMblast said: BUt is it that great? Is iot worth it? 5 x $1500 =7500 total spent. $250 of that is 3.75%. I guess depends if you have alot of spending in gas ,grocery ,restaurant wher eyou can get 5%
"To follow your progress, use our Spend Analyzer and track your monthly spending. Thank you for being a loyal Discover Cardmember."
It appears that getting Cash Back from merchants count as a purchase toward spend requirement since it shows up as a purchase using the spend analyzer.
DMblast said: BUt is it that great? Is iot worth it? 5 x $1500 =7500 total spent. $250 of that is 3.75%. I guess depends if you have alot of spending in gas ,grocery ,restaurant wher eyou can get 5% One thing you can use is money messenger to send money to say your spouse. I got the $500 for $2500 in spend for five months and my money messenger limit was $1000 per month. So it really only required spending $1500 per month. Between 5% categories and shopdiscover, I didn't have to manufacture all that much spending.
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