Hope everyone had a good holiday season as we are wrapping up December now and 2018 is right around the corner. Today I want to look at the Discover It card. Now I’ve had this card since September of 2017 and I am absolutely in love with it. To start it has 5% cashback in certain categories every quarter for up to $1500 spent. So, this quarter October to December 2017, Target and Amazon were the 5% cashback categories which went well with Christmas shopping and what not.
January- March 2018, gas stations and wholesale clubs
April – June, Grocery stores
July- September, Restaurants
October – December, Amazon and wholesale clubs
That is on top of the 1% all purchase unlimited cashback. Now I use a Visa Signature card in addition to this credit card and between the two I can cover most of my purchases in either a 5% or 2% cashback category. While you’re racking up all that cashback you may be wondering what you could use it all on. Well there’s statement credit which is typical of most credit cards, there is also discounted gift cards (You pay $20 and get a $25 gift card from their selection), and you can use your cashback as Amazon credit. Oh, and while you are making it rain on all the cashback Discover will match your first year’s cashback. So, over the course of a year if you receive $250 in cashback, a year from your account opening you will get $250 cashback from discover. Another huge perk of this card is you can check your FICO credit score at any time. As a 21-year-old a FICO score may not be on the forefront of my concerns, however upon graduation and a career, house, car etc. that FICO score becomes relevant very quickly. Also, every year as a student you are eligible to receive $20 cashback for maintaining a GPA over a 3.0 on a 4.0 scale, for up to 5 years, through their good grade reward program. Unfortunately, I didn’t get this card sooner and I only have about a year left of college. Below is a pie chart spending analysis from the last 3 months which is common among various credit card providers.
That’s the brief overview of this amazing credit card, in addition the app is easy to use and informative as well as their online website. Like I said I use this card in combination with another credit card to cover as much cashback opportunity as possible. This card also features no annual fees and competitive interest rates.
Lastly Discover is offering a $50 statement credit for opening this card after the first of the year. Refer to the pictures below for details and follow this link https://refer.discover.com/s/44b6u