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.
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