In 1997 I was awarded my first credit card. The only reason I remember the year is because Discover prints it on the front of my credit card.
I remember the feeling. It was like a moment of passage into adulthood for me. I think back to that day, and a sense of nostalgia comes over me. As a stay at home mom by day and a student by night, this was, in my mind, a reward that I was doing something right.
Although I experienced the feeling of awe and excitement, I also recall the sense of reverence I felt. You see, Rob and I married when I was only sixteen years old. I was a kid and had no clue what it meant to be an adult. What it meant to care for myself or anyone else for that matter. I was a kid who quickly found out that in nine short months we were going to be parents.
With this lack of experience, I will never forget the lessons my mother-in-law attempted to instill in us. She would have long conversations with me and teach me about:
- The importance of paying those you owe money to on time
- The value of maintaining a good credit score
- Credit card debt is bad
- And the importance of savings
I was young and did my best to take it all in, but like most young kids, Rob and I were bound to learn from our own bad decisions.
Thanks to these hugely influential conversations with Rob’s mom, Rob and I have been able to accumulate a bunch of debt yet have never carried credit card debt!
Managing a credit card
With the knowledge that credit card debt was terrible and a good credit score was required, Rob and I quickly drank the cool aide that we wanted to get paid to shop. Airline mile seemed worthless since we didn’t have the money to travel, but this cash back from Discover was enticing.
Throughout the years, we have tried all kinds of cash back cards, but the one we keep going back to is our Discover Card.
If you know you are not good at managing a credit card, please skip this post. The rewards that you earn can be quickly offset by fees and interest charges.
Why Discover Card?
Discover Card works for our life. Discover Card works so well for our life, Rob and I signed up for a new Discover It Cash Back Card in March of 2018. Although I still have my Discover More Card from 1997, the benefits for the first year were too good to pass up!
- We received a $50 credit for a sign-on bonus through Discover’s Refer a Friend program
- Discover has an unlimited dollar-for-dollar match on all the cash back we earn our first year
- Discover’s Cash Back Bonus Program offers 5% Cashback on selected categories
- The Discover Deals program allows us to earn 5% at Wal-Mart.com
- We make 1% cash back on all other purchases
$50 credit for a sign-on bonus through Discover’s Refer a Friend program
Discover wants your business. Discover wants your business so much that they are willing to start you off with a $50 statement credit for signing up. All you must do is click on the referral link below and apply for the card. Following your first purchase within your first three months of opening your new Discover It Credit card, you will receive a $50 credit on your statement. Rob and receive a $50 credit just for referring you.
It is a win-win system!
Discover has an unlimited dollar-for-dollar match on all the cash back we earn our first year
The unlimited match is why Rob and I decided now was the time to sign up for the Discover It Card. Discover is currently running a promotion for all new applicants in which they will double all the cash back we have earned at the end of the 1st year of card membership. When comparing cards, we quickly found that at the very least we would make 2% just in our first year of use.
To date, we have averaged 2.26% since we signed up for the card back in March 2018 If we maintain this spending pattern, we will be over 4.5% cash back for the year!
Not too bad!
Discover’s Cash Back Bonus Program offers 5% cash back on selected categories
Below is a list of the 2018 calendar year 5% bonus categories for the Discover it® Cash Back. The categories are categories that you shop anyways and helps you to earn a bonus of up to $300 annually. Every quarter a new deal comes out. You are required to sign up for the current offer. Signing up is as easy as clicking a button.
- Jan – Mar 2018 Gas & Wholesale Clubs
- Apr – Jun 2018 Grocery Stores
- Jul – Sep 2018 Restaurants
- Oct – Dec 2018 Amazon.com & Wholesale Clubs
We earn 1% cash back on all other purchases
This is where the card gets blah but never the less it is free money. The thing that I always remind myself of is once we hit our anniversary date, of which 1% will become 2%.
The Discover Card is a great card that can save you money
Remember to not spend any more than you can pay off if this billing statement came due today. For Rob and I, we transfer the money from our checking account to our high yield savings account weekly. This ensures we do not see an overstated checking account balance and spend more than we should.
Are you interested in earning credit card rewards?
Why or why not?