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I’m always leery, especially these days, when a credit card announces “exciting” changes to the terms of an account.
Naturally, I didn’t automatically jump up and down when I received an email from Discover saying “We have some exciting changes to your rewards program that we’re eager to share” and directed me to log in to my account for a message.
I logged in and opened the message. As best I could decipher, there were 2 changes, one positive, one negative.
The positive: ” … Now you can redeem any amount of Cashback Bonus you want for a statement credit, an electronic transfer to your bank account or a charitable donation, there are no minimums.” (This is a good development).
The negative: “ as of April 1, 2015, you will no longer be able to redeem for Discover gift cards.” (But, was the redemption-for-gift-cards option a feature that held any value?)
Exciting? Not really. But changes nonetheless.
Editorial Note: The opinions expressed here are mine and not provided, reviewed, by any bank, card issuer, or other company unless otherwise stated.