Discover discovers the cost of rewards

**DrCardsPhD** · 01-26-2017, 06:21 PM

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.

**Mr Cards** · 01-26-2017, 07:26 PM

The rewards wars are awesome! (Unless you are a Discover shareholder.)

**Quincy** · 01-27-2017, 04:56 PM

I've heard similar comments from Chase and Capital One

**DrCardsPhD** · 01-28-2017, 03:46 PM

Finally banks providing a social good: outrageous credit card rewards!

**McHale** · 01-31-2017, 01:20 PM

Looks like Chase had a similar problem and acted fast cut the CSR bonus in half so quickly.

**Felicia** · 01-31-2017, 04:34 PM

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!

**Toman23** · 02-06-2017, 04:04 PM

Originally Posted by Felicia

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.

Discover discovers the cost of rewards

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