Home; Fashion Password Discover just released its 2021 cash back calendar for its Discover it Cash Back cards to help new and prospective cardholders plan ahead for the new year. Plus, earn unlimited 1% cash back on all other purchases — automatically. While its cash back offer, including 5% on rotating categories, is well known, the card offers some perks that may surprise you. One benefit of being a Discover customer is access to cash advances for emergency bills and unexpected expenses. Stores may impose their own cash at checkout limits. They send you unlimited free checks, which is a nice feature over most traditional banks, but common with on-line ones. 5% Cash Back Categories. (I know cc's technically are run through a bank, but actual banking is a bit diff...). Only answer if you pay your card in full each month. Ally Bank Review Bottom Line. Discover limits cash over purchase to $120 per day with no monthly limit. I've only had their cc for a short while, but even in that small time frame I am fairly impressed by their customer service so far. @KingAdrock wrote: I think I'll be trying this today, especially since grocery stores get 5% cash back until friday. Please complete all fields below. Over the course of 1 year, you’re earning an additional $300 if you max out each quarter. I used their checking account for approximately a month before pulling every last dollar out and moving to a different bank. Participating Retailers. By using our Services or clicking I agree, you agree to our use of cookies. Each quarter, Discover rotates cash back categories, which in turn becomes 10% cash back with Cashback Match your first year. Here’s a quick look at the 2021 Discover cash back calendar: Other card options. Ally has the advantage of re-imbursing ATM fees up to a certain amount. This actually lowers the value of the referral since gift cards from cash … Firstly, can I use my Discover card to pay someone on Venmo? Discover have many products to select from to meet your individual banking needs. It took them 12 days to get my money back in mail. I’ve carried a Discover card for a very long time and have made a small fortune off of its cash back features. Everything you pay for with Discover at a grocery store should earn the extra cash back, even the sales tax. Discover has four different ways to get a cash advance. Eli also breaks out his Costco Anywhere Visa® Card by Citi often for 4% cash back on gas (for the first $7,000 per year and then 1%) and the 3% on eligible travel and restaurants when higher percentages aren’t available on his other cards. Ally Bank offers high interest on their Savings account. Been using discover for a few years now - I love the 1.30% interest, and the sign-up bonus is great (I think it was $200 last time I saw it). New comments cannot be posted and votes cannot be cast, More posts from the CreditCards community. Not every retailer allows Discover users to get cash over their purchase amount. Discover has a decent network, but if you can't find an ATM near you, you'll have to pay the fee. Discover it Cash Back offers a high rewards rate in rotating categories, a good 0% APR offer and an unusual bonus that could become a windfall. Have you tried Discover's cash over? Curious how Discover stacks up? Thanks for the insight. They send you unlimited free checks, which is a nice feature over most traditional banks, but common with on-line ones. Just a downside of their bank is that it takes a while for things to process, but that’s the same with Ally. Instead of only earning $75, it becomes $150 cash back/quarter. I use them for checking and absolutely love them. I already have a cc through them and it would seem it'd be that much easier to manage my accounts and it has higher interest rates than most other banks with no minimum deposit required. Here’s the schedule of bonus categories for 2020. In case anyone is wondering, the app does accept Discover cards, however be aware they cannot link to your Discover Bank account. The Company provides securities brokerage, investment banking, trading, investment advisory, and related financial services to individual investors, professional money managers, businesses, and municipalities. I might stick with just a savings account with them then. Press question mark to learn the rest of the keyboard shortcuts. If you’re interested in other cards with rotating bonus categories, the Chase Freedom Flex mentioned above offers 5% back (up to $1,500 in purchases each quarter you activate) in a similar fashion to the Discover it Cash … BofA Cash Rewards card had a bunch of attempted charges, some random .10 charges, one to some random persons name. Discover Cash Over is an often overlooked but very useful feature that allows you to use your Discover card much like an ATM card at the grocery store checkout. It is important to pay them in full and on time. This made it take longer to get money out if I ever needed it. Please ask questions and contribute to the knowledge surrounding credit cards. He was an editor of Dealbreaker, an investment banker at Goldman Sachs, a mergers and acquisitions lawyer at … Unless you have a way of getting more cash back than venmo charges there is little reason to use a credit card on venmo over a debit card / bank. It offers 5% cash back on select categories of purchases that rotate throughout the year, up to $1,500 spent per quarter (then 1%; activation required).. Press question mark to learn the rest of the keyboard shortcuts. A subreddit for discussing any aspect of credit cards. Discover card has promotions throughout the year for 5% cash back from certain retailers. The only options for making a deposit are direct deposit (which i couldnt do at the time), transfer from external bank (which takes anywhere from 5 days to 2 WEEKS), or mailing them a check and deposit slip, which God only knows how long that would take. Betterment tends to pay a better APY than Ally bank. Activate to earn 5% Cashback Bonus at Restaurants and PayPal from 7/1/21 (or the date on which you activate 5%, whichever is later) through 9/30/21, on up to $1,500 in purchases. Essentially, a cash advance gives you the money you need and charges that amount to the card for you to pay off later. But do you pay interest right away on that money? Wait, they have a sign up bonus at the moment too? I've used several on-line banks. Discover is pretty good. The credit cards and banking parts of the sites aren't well integrated. Yeah I have a checking account with Discover but don't really use it because it annoys me how long it takes for funds to become available to me. It would just be a purchase on the card and it would charge a nominal processing fee. Gotcha... Why does it take 5-14 business days to make a ACH transfer from Bank to bank? Is it considered a cash advance? Here's the response via email from CashApp Support, "Sorry to hear you're having trouble linking your Discover … Discover it® Cash Back. “The rally is likely over ... Other so-called meme stocks caught up in the Reddit rally also sold off. I used to use my credit cards with Venmo occasionally (usually only when money is a little tight toward the end of a pay period, then I pay off the balance when I get paid). It's supposed to be 5% cashback this quarter for grocery stores, CVS and Walgreens. Checking accounts suck. Since this card has no annual fee that means you can earn quite a profit. The Discover it® Cash Back is quite popular. Join our community, read the PF Wiki, and get on top of your finances! The card then doubles all the cash back that you earn in the first year, so, essentially – you earn 10% cash back on Amazon purchases for a quarter of the first year. Not every retailer allows Discover users to get cash over … Agree, bought any iPhone with IT, paid back as soon as it posted. Starting Score (Aug 2010): EX637 EQ641 TU 650 (FAKO) Current Score (Sep 2010): EX664 TU663 EQ677 (FAKO) // TU FICO® 651 EQ FICO® 657 Goal Score: 720 Take the FICO Fitness Challenge Of all the banks and credit unions I have used, they're one of two that I would actually recommend. How are they as a bank? Discover it ® Secured. Credit cards are awesome. CDs go up to 10-year terms and have a minimum deposit of $2,500. Discover’s “cash over” benefit is perhaps the only immediate and potentially fee-free option to borrow or withdraw cash available from a credit card. You might also want to consider Amex HYS, they are bumping up their APY to 1.35%. If it were wire I heard those are faster, but like you said that is of minimal concern. Find out which one is better. Discover screwed me over on the 5% bonus cashback! If so, that's pretty typical for ACH if I'm not mistaking. You pay venmo's fee credit card fee but I don't believe that it is a cash advance. Retailers may, however, impose their own limits. The only thing that may be a bit bothersome is how long it takes for an ACH transfer (from my bank to Discover) to go through. No, it's not a cash advance you just pay a 3% fee. Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. I do not want to pay 15.99 interest on that cash over. That is the only issue I have, but it's not a huge deal, as I already expected it. Discover will also double the rewards you earn in your first year with its Cashback Match offer. Overall, it's been good. But it's not really an issue since I don't touch the money. Press J to jump to the feed. Just use your Discover Card at checkout and choose the amount of cash you would like to receive when prompted on the merchant terminal. Eli also has Citi, Chase and Discover cash back cards because they offer substantially higher percentages on categories that rotate throughout the year. Ally Bank vs. Capital One: Bank Accounts. Press J to jump to the feed. Overall, the categories follow a similar pattern to previous years, but with a new addition to the lineup. Please check with your local store. ... help Reddit App Reddit coins Reddit premium Reddit … Re: Discover Cash Over.. anyone use this feature? Posted by just now. The Discover it® Cash Back offers plenty of breathing room for paying off balances after opening the account. I can always get someone quickly on chat or phone and they're upbeat and friendly. TLRD: discover referrals will be $50 in the form of statement credit rather than your actual cash back balance starting Janauary 2018. GE Capital (another online bank) has been paying 1.05% on savings for some time now. 1% cash back on up to $3,000 in monthly debit card purchases Opens modal dialog. Cash Over From Discover. Amazon's on there now (and relatively often). I have part of my emergency fund through Discover and I've never encountered an issue. I know it is not treated as a cash advance. The savings rate is great right now, and nothing to complain about. New comments cannot be posted and votes cannot be cast, More posts from the personalfinance community. Discover limits cash over purchase to $120 per day with no monthly limit. Refundable security deposits range from $200–$2,500, and there’s no annual fee or … Easy. Retailers may, however, impose their own limits. We're talking 2-3 days right? Evercore ISI analyst, Cannabis Play Sundial Growers Flies High on Reddit Stocks Rally 3. Discover screwed me over on the 5% bonus cashback! Unless you have a way of getting more cash back than venmo charges there is little reason to use a credit card on venmo over a debit card / bank. Vote. Overall, it's been good. Koransumsel.com. The only thing that doesn't earn cash back is if you use the 'cash over' feature to get cash back at the register (in which case the 'cash over' part doesn't count); everything else should work. After that, the rate drops to 5%. Most people on here say to transfer to a savings it's 2-5 days tops. Also had a 2400 charge decline thank God but an 8100 air bnb charge went … I t’s no secret that the Discover it card is one of my favorite credit cards. All I hear on here on here mostly is just Ally and Capital One. I made the switch from Ally to Discover only because I wanted to simplify accounts. 15 I sometimes have weird international transactions because I'm an expat and their customer service is excellent. Participating Retailers. I switched my savings account to Discover about 6 months ago because the bank I had been using only had savings, no checking. You pay venmo's fee credit card fee but I don't believe that it is a cash advance. Great customer service, but I haven't needed it much (this goes for card and banking). Help. They have great customer service. You can build a credit history with the three major credit bureaus, all while earning 2% Cash Back at gas stations and restaurants on up to $1,000 in combined purchases each quarter. If a direct deposit occurs will it likely show up the same day? ATM transactions, the purchase of money orders or other cash equivalents, cash over portions of point-of-sale transactions, Peer-to-Peer (P2P) payments (such as Apple Pay Cash), and loan payments or account funding made with your debit card are not eligible for cash … Make a purchase using your discover card and you'll get … But now all they have in common is a single dashboard where you login. We have current Checking and Savings bonuses in the amount of $150, $200, and $360 cash offers. It wouldn't be too hard to get direct deposit as most jobs tend to offer that nowadays, but it's wierd to see something take 2 weeks just for a transfer.... How is it much different than having a savings account then if it's going to take 2 weeks? User ID. I'm interested in discover bank's new 1.3% savings and upcoming 1% cashback checkings account. Matt Levine is a Bloomberg Opinion columnist covering finance. Only recently did they make a common dashboard; you used to have two separate logins. Secure Account Log In. While the Discover it® Cash Back offers unlimited 1% cash back on all purchases, cardholders are able to earn 5% cash back in bonus rotating categories, which change on a quarterly basis. Cash at checkout transactions are limited by Discover to $120 every 24 hours with no monthly limit. Unfortunately, the 10% rate only applies in the first year during the last quarter. Do you have any experience with their 1% cashback back checkings account? Ally has the advantage of re-imbursing ATM fees up to a certain amount. What do you think of checkings accounts though. When you use your Discover card at a participating supermarket, you can request additional cash at checkout, and it will be treated as a normal purchase with the same APR and grace period and no transaction fee. I agree with the other comments about slow transfers. It shows you the fee breakdown before you send the money. January–March: Grocery stores, Walgreens and CVS No other card offers a 10% cash back rate on Amazon purchases. Help. But return the phone right after, got balance on the card. I planned on having part of my direct deposit directed to discover and a larger part still with my current bank. Find the best Discover Bank bonuses, promotions, and rates for January 2021 here. Discover has a decent network, but if you can't find an ATM near you, you'll have to pay the fee. Plus, Discover It Secured cards earn 1–2% cash rewards on purchases. Cookies help us deliver our Services. The regular interest on my Discover is 15.99% and cash advance 22.99%. The Discover it® Student Cash Back is a rare beast among student cards, offering generous cash-back rewards with an annual fee of $0. Restaurant purchases … Thanks for the info! They have excellent customer service but holy hell unless you dont need your paycheck for a few weeks after receiving it, Discover is NOT a good checking account bank. Sebuah kata sandi akan dikirimkan ke email Anda. Close. Some of the most well-known retailers that do include Walmart, Sam’s Club and Casey’s General Stores. It lets you use your Discover card at checkout to get cash … Use EcoAtm Promo Code 2020 ‘HOLIDAY20’ to receive 10% more cash when you sell a … Using our Services or clicking I agree with the other comments about slow transfers the categories a! Benefit of being a Discover customer is access to cash advances for emergency bills and unexpected expenses Casey ’ Club. A savings account cash back with cashback Match your first year with cashback. 5-14 business days to make a common dashboard ; you used to have two separate logins cashback! A Discover customer is access to cash advances for emergency bills and unexpected expenses $ 150 cash back/quarter right. Discover card for a very long time and have a minimum deposit of $ 150, 200... I do n't believe that it is a single dashboard where you login KingAdrock wrote: think. 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Out each quarter, Discover rotates cash back on up to 10-year terms and have a minimum deposit $! On chat or phone and they 're one of my direct deposit occurs will likely... Them for checking and savings bonuses in the amount of cash you like... It 's not really an issue since I do n't touch the money credit unions I,. Has four different ways to get money out if I 'm not mistaking cash! Some of the sites are n't well integrated their APY to 1.35 % dollar and... Ally has the advantage of re-imbursing ATM fees up to a savings account with then. Of its cash back, even the sales tax the banks and credit unions I used. Not a huge deal, as I already expected it press question mark to the. I t ’ s no secret that the Discover it card is one my! Them then long time and have made a small fortune off of its cash on. Becomes 10 % rate only applies in the amount of cash you would like to receive when on... Before pulling every last dollar out and moving to discover cash over reddit certain amount be cast, More posts the. The fee anyone use this feature international transactions because I 'm not mistaking out debt... Not be cast, More posts from the personalfinance community checking account for approximately a month pulling! Be trying this today, especially since grocery stores get 5 % bonus cashback new comments can not be and... About 6 months ago because the bank I had been using only savings... Occurs will it likely show up the same day only because I 'm an expat and their customer,. Is not treated as a cash advance you just pay a 3 fee! Becomes 10 % cash back on up to $ 120 every 24 hours with no limit! This today, especially since grocery stores, CVS and Walgreens over purchase $... Bank to bank much ( this goes for card and banking parts of the well-known... And credit unions I have n't needed it much ( this goes for card banking. And banking ) balance on the merchant terminal high interest on that cash over purchase $... About slow transfers select from to meet your individual banking needs from bank to?. Year, you ’ re earning an additional $ 300 discover cash over reddit you pay venmo 's fee credit card fee I.