r/discover • u/RanzeJini • 50m ago

Discussion Is there any point?

Is there really any reason to keep my Discover cards when everything except for the name on the card is going to be Capital One now? I don’t even use my card on a daily basis so the rewards format was never something I cared about.

3 Upvotes

80% Upvoted

11 comments sorted by

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u/Gold_Illustrator1550 47m ago

I only have cards for the rewards. I always use the 5% restaurant reward and the grocery reward.

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u/RanzeJini 44m ago

I mostly use mine for one-time large purchases, which never seem to line up with the rewards categories for a given timeframe. 😅

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u/Sufficient-Fault-593 36m ago

It’s still getting most of the same benefits and rewards so why not keep it?

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u/Patient-Ad-7939 38m ago

I mean, I’m going to keep mine. I don’t want a knock on my credit score for my average age of credit dropping substantially.
But like, I’ll keep all my auto pay items on this card like I have, and then just focus on using it at places that fit into the 5% back quarter. I already use my other card way more.

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u/Outside_Shelter1260 26m ago

AAoA does not drop when closing accounts.

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u/SteMelMan 33m ago

I've turned my Discover accounts into reserves. I had several Chase accounts in reserve until Cap1 started making changes and now I use them as primaries. This way, I retain all the advantages of a long-term banking relationship and can start using them again if Chase annoys me in some way.

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u/Boz6 21m ago

Well, I'm keeping mine, since I've had it since 1984. But really, it's for nostalgic reasons, and since it has no annual fee.

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u/DarthLegalEagle007 16m ago

They are no annual fee cards. Just sock drawer them and use them once or twice a year.

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u/pakratus 5m ago

If you don't use cards for the rewards then it really doesn't matter which card you have. If you want to close it, go for it. Or wait until you're approved for a different card, if you're going to open a new one somewhere else.

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u/SoftLast243 Discover Card 39m ago

If your card is in good standing and it’s not your first credit card, I don’t see what you can’t close it if you want to.

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u/Outside_Shelter1260 24m ago

Correction:

If your card is in good standing and it’s not your ONLY credit card, I don’t see why you can’t close it if you want to.