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01-26-2017, 06:21 PM #1
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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.
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01-26-2017, 07:26 PM #2
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The rewards wars are awesome! (Unless you are a Discover shareholder.)
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01-27-2017, 04:56 PM #3
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I've heard similar comments from Chase and Capital One
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01-28-2017, 03:46 PM #4
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Finally banks providing a social good: outrageous credit card rewards!
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01-31-2017, 01:20 PM #5
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Looks like Chase had a similar problem and acted fast cut the CSR bonus in half so quickly.
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01-31-2017, 04:34 PM #6
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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!
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02-06-2017, 04:04 PM #7
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