Tag Archives: Discover It Credit Card

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PSA: Check Posting Date of Discover It Purchases Near End of Quarter (Don’t Miss 5% Cash Back Transactions)

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Updated 11:30am PT on 8/5/20: My August Discover It Credit Card statement showed the $16.00 cash back adjustment that I was missing on my July statement below.

Good morning everyone, I hope you all had a great Fourth of July weekend.  Yesterday, I was reviewing my Discover It Credit Card statement and noticed that I only earned $4.05 cash back on my last statement.  After reviewing my transactions, I saw that my $400 Costco online purchase posted on July 2 (2 days after the end of Q2).  In Q2, Warehouse Clubs (like Costco) were providing 5% cash back, so my $400 purchase should have earned me $20 cash back ($400 x 5% = $20).  I did some research and called Discover for help.

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

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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.

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Ask Me Anything (AMA): Credit Card Edition

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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!

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My Wildly Ambitious 2020 Airline, Hotel & Credit Card Predictions

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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.

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Why Do We Keep 16 No Annual Fee Credit Cards?

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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.

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

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