2 years ago, when I had just started this blog, the Discover More was one of the first credit cards that I reviewed. Since then, Discover Financial Services has replaced the card with the Discover It which is in many ways the same as the Discover More. I personally still have the Discover More, but most people these days have already switched over to the Discover It. It is about time I reviewed the Discover It as well.
It is almost the holiday shopping season, the merriest time of the year for all, and the most profitable time for the retail industry, and I’m sure each of us has our own shopping list for Thanksgiving and Christmas. And every year, millions of dollars’ worth of stuff is returned to stores right after the holidays. If you have a change of heart about a gift you bought and try to return the gift for a refund ….
As I have explained in previous posts, credit cards have a large variety of benefits over debit cards and other methods of payments, such as credit profile building, warranty extension, delayed payment, and emergency fund. Apart from APR’s, credit cards are more or less the same with respect to most benefits. And of course, you should never carry a balance because a low credit card APR is still a ridiculously high interest rate. How, then, do you decide what credit cards to obtain?
Well, how about rewards, the most prominent feature of credit cards that are advertised these days on TV and newspapers, as well as brick-and-mortar banking locations? 1% cash back on every purchase. 5 points per dollar spent on honey. 2 miles per dollar spent on US Airways flights. I’m sure you’re familiar with these commercials already. What’s confusing about these reward systems is that they use different types of currencies which are sometimes hard to evaluate. I will attempt to decipher the most common credit card currency types for you below. Continue reading Credit card rewards: when miles, points, and cashback are not created equal
If you have filled out an application for a credit card, you’d you know that one of the mandatory fields is ‘annual income’. Other than your credit profile, this is the single most important factor that creditors use to determine your eligibility for credit. But what if you’re going to school and not making any money? You still have money from your bank accounts or from family, but you don’t have a regular income. No worries: financial institutions will take care of that for you. Many creditors offer a student version of their cards, which is just about as good as the regular version. Continue reading Credit cards for credit builders: what are your options? – Part 4
In my first blog post: Personal Finance 101, I explained the benefits that typical credit cards offer. When it comes to choosing a particular credit card to apply for, it’s hard to make a decision sometimes because of the ocean of options available. I’ve put off writing about credit card offers in favor of helping you – my dear readers – build a knowledge base of credit profile and credit cards. However, today is special.
Dear readers, today is the best day to apply for the Discover More, the signature credit card by Discover, one of the largest card issuers in America. Among my credit card portfolio, the Discover More is my favorite, and I’ve had it for just 2 months! If you’re reading this and
already have a decent credit history that is longer than 6 months even if you do not have a credit history at all, you should apply for the card. And here’s why: Continue reading Discover More