Tag Archives: Discover It Credit Card

a blue and black logo

Costco Gift Cards Trigger Discover It Credit Card Q2 5% Cash Back Bonus Categories

Posted on by . 17 Replies

Good afternoon everyone, I hope you had a great weekend.  We are now in Q2 so you can start earning cash back at new bonus categories with your Discover It Credit Card.  For Q2 (April 1 – June 30), you can earn 5% cash back at Gas Stations, Uber, Lyft, and at Wholesale Clubs.  I have 2 Discover It cards (since I converted my Discover It Miles to another Discover It), so I can earn 2 x $1,500 = $3,000 x 5% = $150 cash back total if I max out both cards this quarter.  Laura and I are members of Costco, so we decided to buy a $500 Costco gift card through the Costco website (only Visa credit cards are accepted in store).  We will use the gift card at Costco and at Costco gas stations for the next few weeks.  I am happy to report that the gift card purchase earned 5% cash back.

a screenshot of a website

Continue reading →

a woman with blonde hair and a green shirt

Ask Me Anything (AMA): Credit Card Edition

Posted on by . 25 Replies

Good morning everyone, I hope your weekend is off to a great start.  I love talking about credit cards and recently wrote I Paid $4,588 in Credit Card Annual Fees in 2019 & Was it Worth it? and Why Do We Keep 16 No Annual Fee Credit Cards?  I also do a series called “Keep, Cancel, or Convert?” where I explain why a credit card is worth keeping or why it should be converted or closed.

Today, I want to answer your reader questions.  If they are short and simple questions, I can answer them directly in the comments section.  If they are longer and more complicated questions, I might write a blog post about that topic. So without further ado, what questions do you have about credit cards?  Have a great weekend everyone!

a black text on a white background

My Wildly Ambitious 2020 Airline, Hotel & Credit Card Predictions

Posted on by . 10 Replies

Good afternoon everyone.  Generally, at the end of the year, I like to review my travel predictions for the past year and make new predictions for the coming year.  After a long streak of poor prediction performance (2018 prediction results, 2017 prediction results, and 2016 prediction results), I decided not to make any travel predictions for 2019.  But my predictions are coming our of retirement / hibernation today.  I really recommend reading the travel predictions that Stephen at Frequent Miler made, especially his top 5 predictions:

  1. Capital One To Add Virgin Atlantic As Travel Partner
  2. Amex Membership Rewards To Transfer To JetBlue On A 1:1 Basis
  3. Free Breakfast For IHG Spire Elite Members
  4. Citi To Allow Card Referrals
  5. Chase And/Or Amex To Increase Referral Limits

I am going to piggy back on his predictions and add a few of my own.  So without further ado, here are my travel predictions for 2020

My 2020 Airline Predictions

  • Alaska, American, Delta, or United will introduce a “Cash and Miles” payment option for award tickets.  Clarification: This is not to be confused with Delta’s “Pay with Points” option where you get 1 CPP for each Delta SkyMiles for paid flights.  I’m thinking more along the lines of the way British Airways and Avianca do it for award tickets.
  • Allegiant Airlines, Frontier Airlines, Spirit Airlines, and Sun Country will announce a merger, but I’m not sure who will merge with who.

Continue reading →

a woman with blonde hair and a green shirt

Why Do We Keep 16 No Annual Fee Credit Cards?

Posted on by . 4 Replies

Good afternoon everyone, I hope your weekend is off to a great start.  A few days ago, I wrote a post titled I Paid $4,588 in Credit Card Annual Fees in 2019 – Was it Worth it?  In that post, I shared the 21 credit cards that I plan on keeping and how I justify paying the annual fees on those credit cards.  I felt bad for the 16 no annual fee cards that Laura and I have and decided to write a post about them too.  Roughly half of the no annual fee credit cards were downgraded / converted from a credit card with an annual fee.  Besides the rewards that some of the no annual fee credit cards provide, keeping no annual fee credit cards open long term is good for your credit score.  It improves the length of credit history (average age of accounts), which represents 15% of your total credit score.  It also helps with the amounts owed (your credit utilization ratio), which represents 30% of your total credit score.  Lastly, it helps with payment history (paying your credit card bills on time), which represents 35% of your total credit score.  For more info, check out this Doctor of Credit page.

a colorful circle with white text

Image source: https://www.kiplinger.com/article/credit/T017-C000-S002-how-your-credit-score-is-calculated.html

Continue reading →

a blue and black logo

I Successfully Converted My Discover It Miles into a Second Discover It Credit Card

Posted on by . Leave a reply

Good afternoon everyone.  2 weeks ago, I wrote How to Convert an Existing Discover Credit Card into a Different Discover Credit Card Online.  In that post, I shared how I was able to convert my Discover It Miles Credit Card into a Discover It Credit Card.  I had an existing Discover It Credit Card before the conversion, so I now have 2 Discover It Credit Cards (useful if you can max out the $1,500 quarterly spending bonus categories on both credit cards).  The previous post ended when I received this confirmation email that my request was processing.  Fast forward to now when I received my new Discover It Credit Card.  I will share some insights into the process.  The process started on February 27.

a screenshot of a credit card

Continue reading →