How Discover Won Over The U.S. Middle Class
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День томуDiscover is one of the largest credit card issuers in the U.S. and consistently tops a customer satisfaction survey. However, in the past five years the stock has underperformed that of the S&P 500 and competitors.
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How Discover Won Over The U.S. Middle Class
@derekwilson8432 4 роки тому
The fact that these mini docuseries are free and so high quality is great. Keep it up CNBC
@topcomment3816 4 роки тому
Derek Wilson “Free” 😂 Do you not realize that you just watched a 10 minute commercial on Discover credit cards? This is sponsored content.
@willinton06 4 роки тому
Top Comment still free
@topcomment3816 4 роки тому
willinton06 True. It’s also free to look at billboards. And listen to radio ads.
@twindominican448 4 роки тому
D.a😭
@willinton06 4 роки тому
Top Comment 100% correct.
@safety_sid 3 роки тому
Discover is the only credit card provider willing to give a young person with no credit history a chance at building some credit history.
@josephbroseph1284 3 роки тому
Yup gave me, an 18 year old with no income a credit card. Currently employed and responsibly using their card.
@kobyschechter8163 2 роки тому
@@josephbroseph1284 I was an authorized user on my mom’s account but I wanted to start building my own credit history because that helps you to be able to rent an apartment or get a mortgage. They always do a credit check. I still need to be an authorized user on my mom’s account for certain things but I love that Discover gave me a shot after I tried to get a credit card from my bank but I was declined despite having two part time jobs and an income and being 20 years old.
@jasonJones-ks5co Рік тому
Me too. I got my first one at 18. Been with them for years. I have their checking/savings account as well. Never had an issue with them. Their customer service is U.S. based.
@kobyschechter8163 Рік тому
@@jasonJones-ks5co I had a couple of questions so I called their customer service last night. It was amazing. I always dread calling my bank’s customer service (Chase) because they’re in flipping India. It’s never a good experience. You would think a bank that makes 50 billion in profits every year would invest in U.S.A. based customer service. It’s a joke.
@bigpapi5626 Рік тому
Really? They always denied me lmao
@FrancoCastro 3 роки тому
I lost my job, called discover and they put me in 0% apr for a year and got 100 bucks. I literaly almost teared.
@tejaj8363 3 роки тому
They gave me nothing(decreased my apr from 21% to 17%)
@KingHarambe_RIP 3 роки тому
@@bsca1956 Dude lost his job. $100 and a 0% loan for a year could be all he needed to get things together.
@franklop4276 3 роки тому
[̲̅M][̲̅a][̲̅k][̲̅e] [̲̅M][̲̅o][̲̅n][̲̅e][̲̅y] [̲̅O][̲̅n][̲̅l][̲̅i][̲̅n][̲̅e] [̲̅a][̲̅t] [̲̅F][̲̅R][̲̅O][̲̅Z][̲̅E][̲̅N][̲̅P][̲̅A][̲̅.][̲̅C] [̲̅0][̲̅M]
@kullingen6909 3 роки тому
@@KingHarambe_RIP It would be bad for Discover if their customer went bankrupt.
@cowllama123 3 роки тому
@@bsca1956 Debt isnt bad. _unmanaged_ debt is bad. With all the money printing the past year, OP probably came out ahead after inflation if he paid it off
@blkbeauti05 3 роки тому
Discover gave me a shot when no-one would. For that, I will be a customer for life.
@bfun4615 3 роки тому
It's a powerful setiment. I will not do business with this bank when I applied for my first auto loan 25 years ago. But I now hold a minimal amount of debt.
@rosendoaraque2202 3 роки тому
Same here, first credit card at 18yrs old, when no other credit company would accept me
@Weebwhacker 3 роки тому
@@bfun4615 you messed up when you pulled a loan for a depreciating asset, not their fault. Try buying with cash in full used from a private seller
@sgonged 3 роки тому
Yeah cause you can't get out of debt.
@franklop4276 3 роки тому
[̲̅M][̲̅a][̲̅k][̲̅e] [̲̅M][̲̅o][̲̅n][̲̅e][̲̅y] [̲̅O][̲̅n][̲̅l][̲̅i][̲̅n][̲̅e] [̲̅a][̲̅t] [̲̅F][̲̅R][̲̅O][̲̅Z][̲̅E][̲̅N][̲̅P][̲̅A][̲̅.][̲̅C] [̲̅0][̲̅M]
@JessyJ318 4 роки тому
It’s zero interest for the first year and no annual fee. That’s why.
@americansforhire5378 4 роки тому
Let me guess, you arent african american
@MrDutchmarshal 4 роки тому
@@americansforhire5378 Why should that matter? Sheesh!
@spaceoutmisfit1738 4 роки тому
Let me guess you are indian
@americansforhire5378 4 роки тому
@@MrDutchmarshal You're right, they dont. Until they try to apply for any credit in the USA, then you correct them.
@MrDutchmarshal 4 роки тому
@@americansforhire5378 There are more then enough african americans that CAN get a credit card. The problem starts with any race + bad neighborhood +no money to pay back the company's
@egarcia1360 3 роки тому
5% seasonal cash back, doubled in the first year making it 10% Good grades rewards No annual fees Need I say more?
@ladhkay 4 роки тому
Discover was my first CC in uni. They gave me double cash back first year and $20 every sem for good grades!
@campkira 4 роки тому
they lure you in and got u.. since it a painful process it get out off...
@danieldhuart9858 4 роки тому
campkira how is it hard to get out?
@ladhkay 4 роки тому
campkira haven’t paid any fees till now, all free money since I never have a balance and pay it off in full
@AdmiralFroggy 4 роки тому
@@campkira any credit card can be a terrible decision. Just depends how you use it.
@yewkiamakuahui2296 4 роки тому
@@AdmiralFroggy In many cases, you just have to have a credit card. For example, you cannot rent a car without one.
@ItsMeCJ 4 роки тому
Discover always makes it at the top of my list for offering a well-rounded credit card. In fact, they were the only ones willing to give me a credit card while I was in college.
@Lovelyfairyheart 4 роки тому
I was the same way. I applied and was rejected but not from Discover! I’m grateful that they’ve allowed me to establish credit score through them!
@itrthho 4 роки тому
Discover was actually born when Sears was unable to get Visa to lower their swipe fees. In retaliation Sears created Discover and refused to take Visa at all Sears locations.
@XloMotion 4 роки тому
When everyone was giving me just $2500 line of credit with a 23% interest. Discover gave me $8500 with zero% I rolled the balance of the other cards around $2800 to Discover for free and 0% interest. I'm a supporter!
@slayme 4 роки тому
The irony is the Visa ad in the middle of this video
@PinkertonMTG 4 роки тому
I've had ad block on for so long I forgot there could be ads just in the middle of the videos. Wild
@wahid5923 4 роки тому
UKposts premium got my back
@yewkiamakuahui2296 4 роки тому
@@midas617 An advertisement. A short 30 second or 1 minute video to promote some product, or service, or event, with the aim of persuading you to pay for it.
@nicholaschase6825 4 роки тому
Visa ad in the middle of a discover ad.
@joemccallum710 4 роки тому
#youtubepremium #noads
@jimmyvillegas2172 4 роки тому
Discover has awesome customer service.
@Adetokunbo03 4 роки тому
They really do . It is always such a pleasure to deal with them.
@Jwdude123 3 роки тому
Yep
@starwreck 4 роки тому
I'm just glad I can speak to a fellow American rather than having to speak to someone in India or the Philippines when I call Discover.
@Ari-zp4dd 4 роки тому
Yes I love that to
@blanchbacker 4 роки тому
Ok sir but did you try turning it off and on again?
@tbucknor 4 роки тому
@@blanchbacker Hilarious!
@StellaBorealis1 4 роки тому
Or so you think...
@pettymcpettystein5569 4 роки тому
You can?!! I'm about to get a Discover card...
@inconvenientexistenlism 4 роки тому
The only problem is that Discover isn’t always accepted, unlike Visa and Mastercard accepted everywhere.
@originalunoriginal4055 4 роки тому
Does it have contactless option ?
@superstar68100 4 роки тому
Focus Media yes!
@superstar68100 4 роки тому
Focus Media ukposts.info/have/v-deo/jKqkmYV6lop31Hk.html
@jovanhayes7597 4 роки тому
where is it not accepted?
@jordank5476 4 роки тому
@@jovanhayes7597 That's what I was thinking. I'm in a small town in the middle of Mississippi and I only use my discover card for everything.
@atgn-0088 3 роки тому
Totally a fan of Discover at this point. Got their secured card back when I was rebuilding credit, just shy if two years later (way higher credit scores now), they refunded my deposit, transitioned the card to unsecured and raised the limit. In conjunction with more responsible financial behavior, having that Discover card helped pave the way for us to buy our first home.
@stevenlucero6555 3 роки тому
As a college student, I love Discover. They give opportunities for students to get money off their statements through grades, allow for cash back opportunities, and have a really easy app to use. I’m 100% satisfied with Discover 😁
@user-tf4ju2xi9q 6 місяців тому
How do you get money off through grades? I have their college card and have never heard of this :(
@Ar938 4 роки тому
They have the slickest designs. It’s amazing how far an aesthetic will take you with college students.
@bourbon.36 3 роки тому
Pro Tip: To help jump start your child's credit profile, add them to you credit card accounts when they are 15-16 years old. Discover is one that starts reporting as early as 15 and by the time they graduate, they will have 2-3 years of history on their credit profile. This will help them financially when they move out and start their new life on their own.
@carstuff4u942 3 роки тому
Dave Ramsey left the chat
@bfun4615 3 роки тому
Yeah but if your parent has bad credit it backfires
@bourbon.36 3 роки тому
@Mark Odessy How is that horrible advise? Your parents can get you a checking account and show you responsibility, but mine was to simply help them jump start their credit without them actually having access to it since it’s still technically your account. Or if you trust them enough, get a card that lets you control the amount they spend and teach off that. Your situation will very widely from everyone else’s.
@bourbon.36 3 роки тому
@@bfun4615 Some card issuers will only report the positive on authorized users for this reason. Can’t remember if Discover is one of them.
@gino14 3 роки тому
Parents did this to me with their NFCU Flagship Rewards Card. Put me on as Authorized User as a kid but never actually gave me the physical card. My very first actual credit card going into the workforce was an Amex Platinum.
@reyalexandro 4 роки тому
Honestly their card helped me BIG TIME. I was barely over "bad credit" but I was able to get one of their low entry cards. I maxed it every month and paid it off immediately, did this for 1 year and my credit is good.
@jovanhayes7597 4 роки тому
If you don’t max it out, it’ll probably help your score improve more
@JustJman 3 роки тому
@@jovanhayes7597 he said he paid it off so it doesn’t matter but sometimes companies are picky about people maxing cards so they don’t update credit to avoid that situation
@jovanhayes7597 3 роки тому
@@JustJman what do you mean they won’t “update credit”?
@JustJman 3 роки тому
@@jovanhayes7597 I mean they won’t update your credit to reflect how much you paid off but it happens sometimes at some banks when you make sudden large purchases
@freshsodaa7023 2 роки тому
@@JustJman obviously by paying it off, its still good, but what he means by not maxing it out is that it'll improve quicker
@patrykc9050 4 роки тому
Discover offered new a card when I was 18 and that is my main credit card today ten years later. I love the customer service and the cash back, although I think I might be contributing to their demise because I ALWAYS pay off my debt and rarely do I let it roll over to the next month. I’m satisfied.
@Iwish4zombies 4 роки тому
They still get a percentage
@Jay-ds2eu 4 роки тому
Switch to Chase!
@TaterNoggin 4 роки тому
There are plenty of people not passing off this cards!
@knowledgeapplied 3 роки тому
Don't worry. They still make their money on the front end - to the tune of nearly 2% or more for every transaction that you initiate. Merchants pay a small % of their business practically (which they get to write-off on their taxes) to accept credit cards, in general. Google: Merchant Interchange Rates, to find out more.
@matthewray5336 3 роки тому
@@knowledgeapplied I believe you're thinking of American Express, Discover's interchange rates match that of Visa's or sometimes lower.
@seanstephens7925 3 роки тому
Discover is the only customer service phone call I don’t dread to make. The agents are always friendly, knowledgeable, and helpful with any question big or small.
@kobyschechter8163 2 роки тому
I never like to call my bank’s customer service agents because the people on the phone always have a very thick accent because their call centers are in India. Indian salaries are much lower than American salaries. That’s why they do it there rather than in America. I just got my first credit card in my own name with Discover after I tried getting one from my bank. My mom and I went to a branch and we did speak with a teller but the computer rejected me. I’m actually looking forward to the first time I call Discover’s customer service.
@andrewadkins7449 3 роки тому
I will say, one of the biggest perks is any problem you have when you call customer service there’s no prompts and you get a full English speaking person on a matter of minutes who usually 90% of the time solves the problem.
@cheyenneharmon1022 4 роки тому
I love Discover. They really do have great customer service!
@anthonyd.9314 4 роки тому
Customer service is top notch you call them and someone answers the phone that you can understand you don't have to go through 20 prompts it rings and someone answers
@gerardor1702 3 роки тому
Discover was the only card that would accept me Unsecured when I started college . They definitely got a customer for life and their Customer service is stellar.
@danielblack4190 4 роки тому
I have a suspicion that this video was only made because they could get the CEO of Discover on the phone
@almisami 4 роки тому
Hey, I'd do a video too if I could get the CEO of a multimillion dollar company on the line.
@BrianYYH 4 роки тому
That’s cool. Discover gets free advertising, CNBC gets to create content. Win win
@mirumotsuyasuke8327 4 роки тому
Mr. Rothschild?
@habibbialikafe339 4 роки тому
@@mirumotsuyasuke8327 huh?
@dopegod987 4 роки тому
@@mirumotsuyasuke8327 it's hoschild
@kenball1980 4 роки тому
I've got nothing but good things to say about my 4 years with Discover. I've never kept a balance and get cash back regularly.
@someguy2135 4 роки тому
Same here, except I have had mine for 35 years.
@Ashtank 4 роки тому
They increased my credit line for no reason
@igot5onit423 4 роки тому
With great power comes great responsibility ..
@ilovechips1327 4 роки тому
Me too!!! But it’s a trap to get you to overspend.
@CannabisTechLife 4 роки тому
@@ilovechips1327 Uhhhh a higher credit limit is better for your credit score.. If you spend the same amount you did before but have a higher limit then the overall percentage of debt on your card per month is less and therefore your score goes up.
@RenzoIsHereYT 4 роки тому
David Chong that’s good. Just spend less then 10% of the total so your score goes up
@jovanhayes7597 4 роки тому
Septims I’ve heard the rule of thumb is 30% or lower
@itsaaronlolz 4 роки тому
I use my credit card for food and everyday stuff and then pay it off completely. I don’t want to pay interest 😤
@HLSpence 4 роки тому
I've been with Discover since the early 2000s and have zero complaints . . . PLUS when they made Amazon purchases available for cashback redemptions that was MONEY!! (literally)
@SamVillano 4 роки тому
H L Spence discover is great!! No complaints!
@Iwish4zombies 4 роки тому
I like that there’s always an american talking to you when you call customer service.
@mylifeisamememylifeispathe3140 4 роки тому
Discover is great has always treated me very well and they have waived some stuff for me :) Not a paid endorsement
@MeanOldLady 4 роки тому
Yeah, they want you on the hook & reliant on them before they pull the rug out from under their customers when they grow "too big to fail". And when they fail, they will run off with your money & you & everyone else will be stuck holding the bag yet again. NEVER trust corporate banks & CC companies.
@uk7769 4 роки тому
Start watching Dave Ramsey video now. Run from credit cards, like your life depended on it. You won't, and will learn the hard ways. Credit card debt leads to financial ruin, always.
@mylifeisamememylifeispathe3140 4 роки тому
Lmaooo what a bunch of losers Just pay off your credit card and that's it the simplest thing ever 🤣😂 credit is good for you if you're responsible let's be honest
@yewkiamakuahui2296 4 роки тому
@@MeanOldLady We are talking about credit cards here. How do they run off with our money?
@forefatherofmankind3305 4 роки тому
Freeloader
@luisdaa 2 роки тому
When I used to have a Discover Card, I was able to use it in Australia and New Zealand. In my receipt, it showed that I paid with a Diners Club card.
@BMWROYAL 4 роки тому
I only use credit cards for the benefits, I pay it back every single month
@turnertrevor17 4 роки тому
BMW Royal good for you lmao
@BMWROYAL 4 роки тому
turnertrevor17 umm thanks I guess lol
@pedromendezruiz6046 4 роки тому
yea the cashbacks are what gets me. I always pay it off every month as well.
@lindita7745 4 роки тому
As you should!! Always pay the full statement balance
@danielb3863 4 роки тому
Didnt you get arrested in Atlanta for doing donuts in the middle of highway??
@lifeofmomo5046 3 роки тому
I’m turning 19 and I started building my credit score with discover. I’m very happy I chose that path☺️
@OliverKoolO 4 роки тому
Out of all my cards the Discover card is my favorite.
@waterheaterservices 4 роки тому
Me too. Credit One was the worst of all.
@HassanAli-py9ce 4 роки тому
Discover is my first credit card and offer great cash back
@biscoito1r 4 роки тому
Paypal offers better cashback but Discover has a much better customer service.
@angelgjr1999 4 роки тому
Hassan Ali I get 3% back on gasoline.
@spaceoutmisfit1738 4 роки тому
Same and will be my only credit card
@shrimpgordita 4 роки тому
A company that greatly relies on Americans that can't afford to pay their credit card bills every month and accrue interest at 20+%. So impressive!!
@lefthanded5473 4 роки тому
Evan Knupp Not Discover fault people are stupid with money and take on debt to get things they can’t afford. If you could profit off of stupidity, you would do the same.
@maythesciencebewithyou 4 роки тому
@@lefthanded5473 Not everybody is devoid of morals and a conscience like you seem to be.
@1ndependenceday1 Рік тому
Exactly 💯
@oarias5158 4 роки тому
Who else already maxed the 5% cash back this quarter? I have a family so I only used discover for my groceries. I honestly love this bank. I pay nothing and already made $175 cash back in 4 months. 👍
@someguy2135 4 роки тому
I have been happy with Discover for 35 years. I hope they never change.
@cynthiasofokles8700 3 роки тому
Continued chip thieves. Have had card since late 80s. Only began using it again this year. Give up all 3 ways.
@stevemullin7472 4 роки тому
credit user for over 10 years and just switched my banking to discover. big fan or the products and services. who am i ?: 800+ credit score, never carries a balance.
@IMAPOTATOZ 4 роки тому
When i saw that Discover bank offers 2.0% APR for their savings account, i jumped in. Way better than the 0.2% i was getting before. It feels weird actually getting a good amount of interest lol
@dom1abc1mbc 4 роки тому
when i saw the stock market i jumped in , with 35% a year way better than the bonds i had at 3.5%
@anonymoususer750 4 роки тому
dom1abc1mbc I don’t think you know how bonds or the market work, paper value isn’t the same as dividend income
@yanDeriction 4 роки тому
@@dom1abc1mbc rip your portfolio lol.
@dom1abc1mbc 4 роки тому
@@yanDeriction actually sold half my portfolio two weeks ago... cant wait to get back for cheaper
@dom1abc1mbc 4 роки тому
@@anonymoususer750 lol im a finance major, doing my cfa next year... okay buddy i dont know the difference
@AlwaysLoudAA 4 роки тому
Excellent company. Treat their staff and employees well!
@cooperscreditconsultingint6792 4 роки тому
That's good to know! 😊
@jeffc1347 3 роки тому
Dude its a credit card company that charges outrageous interest just like every other credit card company
@justonemori 2 роки тому
dude they treat their workers like crap
@jewslikefunk 4 роки тому
Discover is truly a fantastic company that values its customer, and treats them with dignity. I am international in the US, and opened a savings acc w/ BoFA. A month into my acc, I asked BoFA for a credit card to start my score but they instead denied, and very condescendingly offered me a Secured Card, and the rep further told me that I might not get a CC because I’m new, and this is your only option. I applied to Discover, and received double the credit line, and am very happy with them now.
@ApplicoInc 4 роки тому
Great example of platform wars and how new upstarts can overcome barriers to entry and gain market share through better serving a particular segment. The note at the end is right on point, Discover now needs to innovate if they want to continue to grow. I think an area one of these card network/issuers should move into is developing cashierless technology to rival Amazon Go. The way things are set to play out currently, Amazon is going to wedge their way into taking a chunk out of card network providers processing fees as the cashierless tech becomes more widespread. 🤔
@jordank5476 4 роки тому
Discover is one of the best companies for the average, everyday consumer. Cash back, no fancy rewards system to keep up with. Just use your card then ta-da you get cash. I don't even use my cap1 card because of the lack of rewards and the lack of increased credit lines. Discover makes sense for EVERYONE I know.
@junfangwu8141 4 роки тому
Discover's customer service is the best, both credit card and banking.
@coolkrishnan 4 роки тому
During my stay at US, I used Discover card and I loved it and its services.
@hotandsweetpepperfarmer703 4 роки тому
dammit ...i am watching 10 minutes credit card advertisement.
@alfredoy6029 4 роки тому
Plus was the first credit card to approve me after bankruptcy do to medical bills. They started me with $2000
@Fraghera 3 роки тому
I had to call discover customer service last week. I decided to buy DFS after they fix my issue without making me feel like stupid. I respect their customer service team.
@HangNguyen-ih8rf 3 роки тому
Discover have been nothing but kind to me. Weird to say that about credit card company but it’s true.
@phillipsmall7674 4 роки тому
Best card ever!! Had mine since 1987. I use it as often as possible. I pay the full balance every month so I've never paid any interest and always get cash back. I feel like I'm beating them at their own game.
@Sacto1654 4 роки тому
However, the Visa and Mastercard names are far more recognized worldwide than Discover, which is still heavily US-centric.
@johnp139 3 роки тому
I use my Discover for over 99% of my transactions.
@RealCoolGuy 3 роки тому
I've had a Discover card for almost 20 years but up until the last 10years or so it was unusable. Even big stores like Home Depot didn't accept it...and in Puerto Rico, there was only one store that would take it, Wal-Mart, which I rarely visited.
@andresp1582 4 роки тому
They really know how to market to college students me and everyone I know in my college have a discover card
@AfroMuggleKing 3 роки тому
Discover was the only card I was approved for when I first migrated to the US. For that I recommend it to everyone I know.
@johnp139 3 роки тому
I got my Discover Card in 1989, still have one.
@allanj7750 4 роки тому
Love my two discover cards. First year 0% APR and cash back match. They gave me my highest limit, and have given me credit line increases multiple times. Even if you call in after your 0% APR expires you can usually get them to give you another 12 months if you say you’re planning a big purchase soon and couldn’t decide which card to use. Works every time. Lol
@lamontgray6015 2 роки тому
Really ?
@allanj7750 2 роки тому
@@lamontgray6015 yup. Just did it again a few weeks ago for both my cards.
@bryanp5843 Рік тому
@@allanj7750 I want you to update this thread every time you use this theatric 😂
@maxgodpill 4 роки тому
09:47 I stopped, I got an email 📧
@boondoggle4820 4 роки тому
I rarely carry a revolving balance, but I love my Discover card. They have great customer service and great interest rates.
@jeffc1347 3 роки тому
"There is a relentless focus here at Discover on limited debt businesses" lmao that CEO knows how to run the company, keep yourself out of debt and put everyone else in it
@shamanthjilla 3 роки тому
They're literally a credit card company duh
@tylerbhumphries 4 роки тому
My first and favorite credit card. I got my first credit card my freshman year of college and it had a $500 credit limit. It was enough to have fun but not enough to hang myself. Over the years, I’ve grown my credit limit and credit score with them. They also let you view your FICO credit score without charge and their website is easy to navigate. I’ve never used their app but I get the feeling it would be just as user friendly. Never had an issue with them. I have two other credit cards but this one is truly my favorite.
@Mr_Galaxxy 4 роки тому
I have discover and I'm happy with it because customer service is English speaking and American citizens I can actually understand unlike my other credit cards.
@mjordan233 3 роки тому
I am upper middle class and I still use discover, my first credit card issuer, simply because of their simple cash back offers. I use Amex, visa and mastercard too
@nj2mddude205 4 роки тому
I'm a loyal Discover Card user, because they've supported me 100% whenever I had a dispute with a seller.
@keyroncampbell 4 роки тому
Just pay off your balance after every month... Their interest ain't no joke....
@nj2mddude205 4 роки тому
@@keyroncampbell So true. When I started doing that many years ago, my credit score shot up like a rocket. I don't use VISA/Mastercard.
@leonilagreiter297 Рік тому
I have AMEX, Capital One, and Discover and one this Discover beats all competitors is their AMAZING 100% US based customer services. My experience with their customer representative is beyond amazing
@pancyclosis 4 роки тому
no annual fee and a partnership with the NHL has kept me a 10+ year customer
@jblyon2 4 роки тому
My parents have a Discover account dating back to 1987. They've always been very happy with it. I'm their least favorite type of customer. Always pay in full and only purchase what's in the 5% back category. I do the same with a Chase Freedom. The rest goes onto an AMEX Platinum. I like my Platinum and it's travel benefits, but 5% cash back is 5% cash back.
@WarriorsPhoto 4 роки тому
Great documentary that highlights a lot of points about modern society. I am surprised to hear that consumer debt on the decline. I thought it was on the rise but maybe times are a changing. Banks don't have the pull they used to have with consumers. Time for them to start an advertising campaign and win us over. ;)
@tracyserpanchy2572 3 роки тому
Relocated from Australia. No credit history in the US. Got a credit card with Discover, I paid them $1000 which was my limit. After 6 months they repaid the $1000. It was the best option at the time.
@mathewpadron4606 4 роки тому
I love discover this was my first credit card because they where who would accept me. I would recommend this card for your first credit card
@TheNacropolice 4 роки тому
I like my Discover card, and their website is stupid easy to use if you need to update anything (ex: travel plans). Also, it is accepted in a fair bit of locations, haven't really had much of an issue with it
@ihelmo 3 роки тому
My first secured card as well, went from $200 straight to $1800 limit in the first six months plus cash back match for the first year. My only complaint is that I’ve had countless merchants who don’t accept Discover so I always have to ask first.
@elisscaliving4776 2 роки тому
Mine just did that last week
@aniross5549 4 роки тому
Amazingly great informative newscast ! Thanks so much CNBC.
@bfun4615 3 роки тому
I remember going into Sears to make a payment at the register for my discover card. I currently still do business with Discover card.
@MachineJugz 4 роки тому
My first card is a secured credit card through them. Cash back and they'll match it later on. Can't beat it
@levirothstein6526 4 роки тому
Just talking to someone who speaks English was very appealing for me🤷.
@jwan1120 3 роки тому
Love the customer service. Native English speaker with understandable accent. Polite, patient, professional personel, get things done, do not need to stay on hold or being transferred. Got the card twenty years ago in college, I called them on due date, they waived my first late fee because I was not able to get hold of a computer to pay, I was touched. Was so excited when the designs were out. Very slick and stylish. It may not be accepted by a random merchant once a long while, it's ok. Website is easy to use. Have not had a fraud transaction. Always pay in full, and built my credit score. Discover was a companion of mine growing into adulthood. Thanks Discover.
@aliusmi7172 4 роки тому
They were the first one, issued me the credit card. All other companies were not ready because I was young lol And with the time I have got credit line increased. 820 always.
@violetb.5729 4 роки тому
Customer service is great
@janfreddy123 4 роки тому
2:46 In a nutshell: Our focus is that consumers get into debt and pay high interest rates 😁
@spicybrown75 4 роки тому
Yep so true. Recently i ran my annual credit report and im being hounded via emails for credit card offers from the credit agencies. 🤣🤣
@syedhyderquadri 3 роки тому
Discover is Awesome!! I moved to the USA recently and had no credit history. Though I had a stable job, every financial services denied my application just bcos I dont have credit history. Comon, how can anyone have CH when none of them gives an opportunity to create it. Finally, I applied for Discover card and I got the card with 2000 credit limit. I am a customer who always set auto payment and Discover earned one more loyal customer. I will always appreciate and thank them by regular usage and timely payments. DISCOVER is the BEST!!!
@ScareFestTTV 4 роки тому
Love these vids!!
@hellniran 4 роки тому
I dont't get why you would buy "consumer goods" if you would have to pay interest on it
@kaiyoung9983 4 роки тому
Things like rewards and not having to walk around with a lot of money.
@kaiyoung9983 4 роки тому
@Colma B Well it depends. The amex card I have pays for itself and then some. Its technically a charge card, not a credit card, and because I pay it off every month there is no interest.
@GibbyMineCrafts 4 роки тому
@@kaiyoung9983 The comment meant why would you carry a balance on your card for consumer goods.
@Shadowfax-1980 4 роки тому
Elliot Fogelklou If you pay your statement balance off every month, you don’t have to worry about interest but you still get the cash back benefits.
@eamonnprunty 4 роки тому
Only spend money on things that help you make more money
@emptyroomd9567 3 роки тому
Discover was always there when I needed them. They gave me a chance to build credit. Till this day I really recommend this card for people building credit I would get cash for good grades as well. School does pay off lol
@KS-gh7oy 9 місяців тому
First CEO not saying negative things about consumers (risky, not managing responsibly, not doing well). It’s so sad that the banks create products to just speak badly about their customers. If they don’t want risk, why do they create products that they feel opens them to risk? Crazy people.
@aaronscarpa7469 Рік тому
Discover approved me when no other competitors would. I had a $300 limit, which in three years was $5000. I’ve since completed professional school, and my income has increased fourfold, and I now have a good Chase card. But I will NEVER get rid of my Discover card, and I’ve moved my savings account to them as well. Superb customer service.
@joemccallum710 4 роки тому
I have credit cards,... however i don't pay a dime in interest....you need to NOT carry over a balance... charge a small amount, less than 10% and be able to pay it off before your billing cycle.
@uk7769 4 роки тому
Good luck credit cards. I will NEVER carry a balance on a credit card or pay any finance charges ever again. I will go homeless and be out on the street, or die, before I'd ever have credit card debt again. THANK YOU DAVE RAMSEY!!!! I am debt free, and never going back.
@svt.787 4 роки тому
"The borrower is slave to the lender"
@brettfriedman587 4 роки тому
Go away Dave Ramsey
@jvyeknom 4 роки тому
What if you borrow the money and then immediately pay it back and also collect up to 5% back
@waterheaterservices 4 роки тому
@@jvyeknom Then you are not in debt and not a slave to the lender. Good for you, keep going.
@jvyeknom 4 роки тому
@@waterheaterservices 👍🏻
@Sam-ue4rv 4 роки тому
@@brettfriedman587 I like people like you.. makes me money.. take out bad debt tell your friends and family.. Cheers 🤗
@LionHeart3641 3 роки тому
My main cards are Discover. I have all the others but I must say Discover is my favorite and the only reason I have the others is because Discover isn’t accepted everywhere. Their App is easy to use and customer service is on point. I will be a user for life.
@keyroncampbell 4 роки тому
I just paid off a 6k discover balance.... Never again .... They did waive interest this month because I paid off the balance.
@weswest8666 4 роки тому
Cam23 Dave Ramsey approved!
@ernestsysbm1175 4 роки тому
Nice 👍
@keyroncampbell 4 роки тому
@@weswest8666 exactly 😂
@waterheaterservices 4 роки тому
Freedom
@keyroncampbell 4 роки тому
@@waterheaterservices it easier to just wait for what you want ... With a cc you feel no emotions when you buy
@randomtourist6656 2 місяці тому
Now you show me this video after the Acquisition by Capital One has been announced The dude in Min 9:47 Was prophetic
@MillsFortuneTV 4 роки тому
I have a discover card and also took out an installment loan with them. They are absolutely amazing and have GREAT customer service and support. I gladly promote them and their seevices. They are great honestly
@qn5947 4 роки тому
Get the Discovery IT cash back card for 5 percent cash back for quarterly category, no annual fee, no foreign transact fee. Always has it in my wallet.
@p4olom 4 роки тому
Discover is a great company with awesome customer service
@DarthBagel 4 роки тому
They got good 5% cash back but Amex still has better card benefits
@youmadbro951 4 роки тому
Yeah but most amex cards have a annual fee
@tbucknor 4 роки тому
@@youmadbro951 Also, AmEx is a 'charge' card, not a 'credit card'.
@waflletoast11 4 роки тому
Amex has a good points system but paying 250 a year for the rest of your life.... I'm good
@tbucknor 4 роки тому
@@waflletoast11 If one can pay off the entire balance within thirty days then AmEx is a good card to have. $250! When I had one it was $$39 per year.
@yewkiamakuahui2296 4 роки тому
@@tbucknor I don't understand the difference. Can you explain?
@simple_networks 3 роки тому
They won me over because they have great cash back and excellent customer service. Discover has always been my favorite credit card company.
@godisgood2345 4 роки тому
People are not building wealth by being in debt, they are building the wealth of these companies and their shareholders and CEOs. I only use credit cards for its 5% bonus cash backs and categories every season, nothing else. Pay off balance every month and charge only what you need to spend and not anything above that. Responsible financial transactions should be practiced by everyone looking to take control of their financial well being.
@neolives 4 роки тому
I have other credit cards but Discover is the only one I use. Had my card since 1999 been happy with their service.
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