Category: First Credit Card (Page 1 of 2)

hand holding the discover it credit card

Discover It: Your Best Choice for a First Credit Card

Updated 11/07/17

You’re ready to get one of those plastic swipe cards commonly known as a credit card. There are so many banks and brands, each offering you a world of benefits.  It gets confusing.  Let me try helping out by introducing you to the Discover It credit card. Yes! If you’re applying for your first credit card, I recommend the Discover It.

Why?

  1. Easy to Get Approved For

When applying for your first credit card you should be looking for a credit card that is easy to get approved for.  Assuming you don’t yet have top notch credit, the Discover It credit card is very friendly when it comes to approving people who haven’t previously had any credit cards. They will also approve you for a generous amount of a credit line, making it possible for you to be able to start out with a decent amount of money to spend every month.

  1. Great Reporter

In order for you to be able to build credit fast, you need your positive information (like on time payments) to be reported right away to the credit bureaus.  There are banks out there that are very lazy when it comes to reporting positive information, sometimes delaying it for several months. (Unfortunately, they are only lazy when they need to report positive information but the negatives get reported right away….)

Discover is a great reporter.  They will report month after month without fail.  That will keep your credit file up to date and help you build credit quicker.

  1. Generous Credit Increase without a Credit Inquiry 

As you move on in life, your expenses grow.  Therefore, you’ll often want to increase your credit limit. Most banks will want to make a credit inquiry before approving you for a credit increase. The problem is, too many inquiries too often will negatively impact your credit.

With Discover you can request a credit increase every three months without having them make a credit inquiry. They will approve you just based on there own records or your timely payments. This is a big deal, because you will need it for the future. (I personally started out with a credit line of $ 1,000 and over the years I was able to increase it, without them ever making a credit inquiry. I now have a credit line of $15,000!)

  1. No Annual Fee

When applying for a first credit card, it’s important you look for a credit card with no annual fee. This will allow you to be able to keep it open forever, thereby helping you build a great credit history without ever having to worry about it costing you any money. The Discover It card offers you this amazing advantage.

  1. Your FICO Score on Every Statement

It is exciting to see your credit score go up, and with the Discover It credit card you get to keep track of your credit score with a nice graph, which you receive monthly with your statements.

  1. Free Credit Monitoring

Discover now offers a new benefit where they give costumers free credit monitoring! Discover will alert you by text and email about any suspicious activity they may find on the web and on your credit file.

  1. Many Benefits

Here we’ve discussed all the credit related benefits, but Discover also offers a whole lot more of benefits. For example, no foreign transaction fees, Discover deals, double cash back the first year, 100% USA based costumer service, 5% cash back at rotating categories, etc. See more here.

Hope this post helped you decide what your perfect first credit card will be.

You may also want to see: Five Easy Credit Cards To Get Approved For and Getting Approved For A First Credit Card.

Good luck!

Please note: Although, I put a lot of effort to give my readers unbiased information. I’m legally required to notify you that I may be receiving compensation from credit card companies mentioned on this page. Please see our Advertisement Disclosure for more details.

 

5 Easy Credit Cards to Get Approved For

Signing up for your first credit card is very exciting, but you should look for an easy credit card to get approved. So here are 5 credit cards with which I’d experienced relaxed requirements to get approved for.

  1. Discover It

Overview

Discover It is the perfect card for starting to build credit. It’s a fairly easy credit card to get approved. Discover is a very good credit reporter so your credit will always be up to date. Also important, my experience with customer service was always great.

Opening Bonus

  • $50 cash back bonus after first purchase
  • All cash back earned double by the first year anniversary (including the opening bonus!)

Card Details

  • No annual fee
  • 5% cash back at rotating categories, 1% on everything else
  • 0 % APR on balance transfers for 18 months and on purchases for the first 6 months after opening the account
  • Free FICO score
  • 100% USA based costumer service (so they understand English)
  • No foreign transaction fee
  • New! Receive free social security number alerts after you sign up

(You may also want to see Discover It: Your Best Choice for a First Credit Card)

  1. Capital One Journey

Overview 

Capital One Journey is an easy credit card to get approved for. But, Capital One will do a credit pull by all three credit bureaus (which is not a good thing.)

Opening bonus 

  • No bonus 

Card details 

  • No annual fee
  • 1% cash back on all purchases plus get another .25% if you pay on time
  • No foreign transaction fee

 

  1. Chase Freedom Or Freedom Unlimited 

Overview 

Chase Freedom and Freedom Unlimited are very easy credit cards to get approved for if you have a chase bank account. My experience with customer service was almost always great.

Opening bonus 

You get $150 cash back after you spend $500 in the first three months, plus $25 after you add your first additional user. 

Card details 

  • No annual fee
  • 0 % APR on purchases and balance transfers for the first 15 months after account opening
  • Freedom– 5% cash back at rotating categories, plus 1% for everything else
  • Freedom Unlimited -1.5% cash back for everything

 

  1. Blue Cash Everyday Card From American Express 

Overview 

Blue Cash Everyday Card From American Express is a fairly easy credit card to get approved for. Customer service is excellent (Amex is Amex!).

Opening bonus 

Now you get $150 statement credit after you spend $1,000 on purchases in the first three months of opening  the account. 

Card details 

  • No annual fee
  • 0 % APR on purchases and balance transfers for the first 15 months after account opening
  • 3% cash back at us groceries for the first $6,000 spent, then 1%
  • 2%cash back on purchases by USA gas stations and select department stores
  • 1% cash back everywhere else

 

  1. American Express Gold Delta Skymiles Card

Overview 

If you’re looking for a travel card, the American Express Gold Delta Skymiles Card is a very easy travel credit card to get approved for.

Opening bonus 

Now through 1/31/18 you get 50,000 points after you make $2,000 in new purchases in the first three months, and another 10,000 points after you spend an additional $1,000 in the first 6 months. Plus, you get a $50 statement credit after you spend $50 or more on Delta purchases in the first three months. 

Card details 

  • Annual fee: first year waived, then $95 each year
  • First bag checked free on Delta flights
  • 2 points on Delta purchases, 1 point everywhere else
  • Priority boarding on Delta flights
  • No foreign transaction fee

 

The Help Me Build Credit Blog Conclusion

 

If you’re looking to start with an overall good credit card then try the Discover It. If you’re looking for the easiest credit card to get approved for, then try the Capital One Journey. If you specifically want an Amex credit card then go with the Blue Cash Everyday Card From American Express. If you bank by chase and want to expand your relationship with them, then taking the Chase Freedom is a good option. If you will be traveling a lot, and you’re ready to pay an annual fee for a travel card, then try for the American Express Gold Delta Skymiles Card.

For more on this, see: Getting Approved For A First Credit Card

GOOD LUCK!

Please note: Although, I put a lot of effort to give my readers unbiased information. I’m legally required to notify you that I may be receiving compensation from credit card companies mentioned in this post. Please see our Advertisement Disclosure for more details.

 

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