Discover is removing some key feature benefits from their credit cards starting on February 28, 2018. According to Discover, they are removing the benefits due to low usage among their cardholders. Below is an excerpt from my chat with Discover.
- Auto Rental Insurance $25k LDW: No new claims will be accepted after 5/29/18.
- Extended Product Warranty: Purchases made before 2/28/18 will be covered under the original terms and conditions for the benefit.
- Flight Accident: Flight purchases made before 2/28/18 will be covered under the original terms and conditions for the benefit.
- Purchase Protection: No new claims will be accepted after 7/13/18.
- Return Guarantee: No new claims will be accepted after 5/29/18.
In the past, I considered the Discover It as one of the top no annual fee credit cards to get, but the changes to protections hinder that.
The most significant impact on me is the extended warranty. I intentionally made a ton of electronic purchases with the Discover It card because of the extended warranty benefit. For extended warranty, purchases made before 2/28/18 will be covered under the original terms and conditions. This means that I'll have to re-evaluate which card to use for electronics moving forward.
Moving forward, the only time I plan on using the Discover It card is for the 5x categories and purchases that I don't need protection.
The Chase Freedom earns 5x points on select rotating categories each quarter you activate. For Q3 2018 (July-September), the Chase Freedom 5x categories are gas stations, Lyft, and Walgreens.
The Discover It 5% cash back category for Q3 (July-September) 2018 is restaurants. As a reminder, you need to activate the 5% promo to receive the cashback bonus. Earn up to 5% on up to $1,500 in combined category purchases when you activate.
A charge card is a type of credit card where you must pay the statement balance in full each month. Unlike a traditional credit card, you can't just pay a minimum balance.
The Chase Trifecta, which consists of the Chase Freedom Unlimited, Chase Freedom, and either the Chase Sapphire Preferred or the Chase Sapphire Reserve, is the best card system to earn points for free flights.
American Express just launched a cash back card that earns 1.5% on everything to compete with cards like the Chase Freedom Unlimited and the Bank of America Travel Rewards card.
Chase is currently running a banking bonus promotion where you can earn up to $500 for opening a checking and savings account. New customers will receive $300 for opening a Chase Total Checking account and $200 for opening a Chase Savings account.
American Express is enforcing welcome offer restrictions with a new tool. A module will pop up if Amex does not want to grant you a welcome bonus due to too many accounts, signup bonuses received, or introductory APR offers.
Incredible Bank is offering up to $200 to open a free checking account. To receive the extra $100 bonus, you'll need to use a referral code. Use referral code HAA7551 if you want to support Ask Sebby, and we'll both receive $100.
American Express offers are targeted deals that you can find when you login to your Amex account. As a reminder, if you see a deal you like, I recommend adding it to your card because there is usually a limited amount available.
Get discounts on gift cards via Chase Ultimate Rewards, get Amazon credits when you link a Citi or Amex card, new Priority Pass restaurant added to LAX, and more.