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  1. #1
    Registered User Senior Member
    Posts
    134

    Discover discovers the cost of rewards

    I think a lot of people are enjoying Discover's enhanced welcome offer - agreeing to double your first year rewards. How do I know?

    Well, Discover released results recently, and it announced that the cost of its rewards program increased 10.5%. Its customers, on average, are now earning 1.26% in rewards per dollar spent (up from 1.18%).

    The competition for big spenders benefits even us little people.


  2. Discover discovers the cost of rewards
  3. #2
    Registered User Semi Pro Member
    Posts
    327
    The rewards wars are awesome! (Unless you are a Discover shareholder.)

  4. #3
    Registered User Semi Pro Member
    Posts
    269
    I've heard similar comments from Chase and Capital One

  5. #4
    Registered User Senior Member
    Posts
    134
    Finally banks providing a social good: outrageous credit card rewards!

  6. #5
    Registered User Junior Member
    Posts
    43
    Looks like Chase had a similar problem and acted fast cut the CSR bonus in half so quickly.

  7. #6
    Registered User New Member
    Posts
    14
    News like this means good news for consumers. Just like Verizon having revenue issues because they are matching price cuts from other providers. Because I need the savings!

  8. #7
    Registered User Semi Pro Member
    Posts
    271
    Quote Originally Posted by Felicia View Post
    Because I need the savings!
    I hear you. And you can save a lot more taking advantage of card offers and incentives to switch on high cost items than you can with coupon clipping.

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