Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP
Posting-Version: version B 2.10.2 9/18/84; site udenva.UUCP
Path: utzoo!watmath!clyde!burl!ulysses!mhuxr!mhuxt!houxm!vax135!cornell!uw-beaver!tektronix!hplabs!hao!nbires!boulder!cisden!udenva!tkoppel
From: tkoppel@udenva.UUCP (Ted Koppel)
Newsgroups: net.consumers
Subject: Discover cards -- worthwhile??
Message-ID: <1037@udenva.UUCP>
Date: Sat, 18-Jan-86 00:56:29 EST
Article-I.D.: udenva.1037
Posted: Sat Jan 18 00:56:29 1986
Date-Received: Mon, 20-Jan-86 05:27:52 EST
Reply-To: tkoppel@udenva.UUCP (Ted Koppel)
Distribution: na
Organization: CARL -- Colorado Alliance of Research Libraries
Lines: 24


This week's TIME magazine had a multi-page, fancy, glossy ad from
Sears pushing their new Discover card, complete with application.
A few observations:
  1. The 'rebate'-- its 1/4 of 1% up to $1000 in purchases, and
     goes up from there to a (whopping) 1% if you buy > $3000.
     For smaller purchasers, such as myself, Choice gives a better
     rebate with a smaller minimum dollar amount to qualify for the
     rebate.  Besides, the rebate doesn't amount to a hill of beans, anyway.
  2. Acceptability -- They announce that the card can be used on 
     major airlines, hotels, etc--but what about the gas stations,
     dry-cleaners, bookstores, department stores, etc., where most
     of us spend most of our money?
  3. In the fine print on the last page, there is a little warning
     that reads : "I understand that Greenwood Trust Company may
     amend the Cardmember agreement in the future.  THIS MAY INCLUDE
     THE ADDITION OF AN ANNUAl MEMBERSHIP FEE". (Capitals are mine).
     AHA!!!
The question that I ask is--what'S the point? What is to be gained
from Discover?  
-- 
       Ted Koppel : 1696 S. Mobile St. : Aurora, Colorado 80017 :
	{boulder, cires, cisden, denelcor, hao, nbires}!udenva!tkoppel
	{bilanc, csm9a, elsi, koala}!udenva!tkoppel