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Discover announced that it will be doing away with five benefits that currently come with its cards. As of February 28, 2018, Discover will completely discontinue its Extended Product Warranty, Return Guarantee, Purchase Protection, Auto Rental Insurance and Flight Accident Insurance perks from all of its cards.

In a statement, Discover said that it’s discontinuing these benefits because they were seldom used. More specifically, the issuer told TPG:

“We regularly evaluate our cardmember benefits to ensure that we are meeting or exceeding our cardmembers’ current needs and expectations. We recently notified Discover cardmembers that due to prolonged low usage, effective February 28, 2018, we will discontinue Extended Product Warranty, Return Guarantee, Purchase Protection, Auto Rental Insurance and Flight Accident Insurance.”

Usually when we see changes from major issuers, it’s for individual products — not an issuer’s entire portfolio of cards. In addition, Discover isn’t doing away with just one benefit, but rather it’s slashing five. That being said, Discover will continue to offer several complimentary benefits on its cards, such as Price Protection.

As a reminder, you’ll be able to continue using the soon-to-be-axed benefits until February 28, 2018. As of that date, Discover cards such as the Discover it Card and the Discover it Miles Card, among others, will lose them completely.

Ultimately, it’s never good to see an issuer strip benefits away from all of its cards — or any of its cards for that matter. But if the benefits were underutilized by Discover cardholders, it makes sense on Discover’s end to drop them in favor of something that will be more beneficial to cardholders. At this point, there’s no indication what kind of benefits, if any, will replace those that are being discontinued.

Featured image by Isabelle Raphael.

H/T: Doctor of Credit

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The American Express Platinum card has some of the best perks out there: cardholders enjoy the best domestic lounge access (Delta SkyClubs, Centurion Lounges, and Priority Pass), a $200 annual airline fee credit as well as up to $200 in Uber credits, and mid-tier elite status at SPG, Marriott, and Hilton. Combined with the 60,000 point welcome offer -- worth $1,140 based on TPG's valuations -- this card is a no-brainer for frequent travelers. Here are 5 reasons you should consider this card, as well as how you can figure out if the $550 annual fee makes sense for you.

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More Things to Know
  • Earn 60,000 Membership Rewards® points after you use your new Card to make $5,000 in purchases in your first 3 months.
  • Up to $200 for Uber rides annually. Credit and Uber VIP status available to Basic Card Member only.
  • 5X Membership Rewards® points on flights booked directly with airlines or with American Express Travel.
  • 5X Membership Rewards® points on eligible hotels booked on amextravel.com.
  • As a Platinum Card Member, you can enjoy access to the Global Lounge Collection, the only credit card airport lounge access program that includes proprietary lounge locations around the world.
  • Receive complimentary benefits with an average total value of $550 with Fine Hotels & Resorts. Learn More.
  • $200 Airline Fee Credit, up to $200 per calendar year in baggage fees and more at one qualifying airline.
  • Terms Apply.
  • See Rates & Fees
Intro APR on Purchases
N/A
Regular APR
N/A
Annual Fee
$550
Balance Transfer Fee
See Terms
Recommended Credit
Excellent/Good
Terms and restrictions apply. See rates & fees.

Editorial Disclaimer: Opinions expressed here are author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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