Discover it card - Revision history

Editor at 16:28, 14 June 2021

2021-06-14T16:28:04Z

Editor at 16:27, 14 June 2021

2021-06-14T16:27:02Z

Editor at 06:49, 19 February 2021

2021-02-19T06:49:07Z

Editor: Editor moved page Discover it Card to Discover it card without leaving a redirect

2021-02-19T04:32:15Z

Editor moved page Discover it Card to Discover it card without leaving a redirect

Editor: /* Collecting the Signup Bonus */

2021-02-18T00:04:07Z

‎Collecting the Signup Bonus

Editor: /* Rotating Bonus Categories */

2020-10-19T01:34:09Z

‎Rotating Bonus Categories

Editor: /* Rotating Bonus Categories */

2020-10-19T01:27:36Z

‎Rotating Bonus Categories

Editor at 00:35, 19 October 2020

2020-10-19T00:35:46Z

Editor at 23:34, 12 October 2020

2020-10-12T23:34:42Z

Editor: /* Discover it Card Options */

2020-10-07T22:12:16Z

‎Discover it Card Options

@@ Line 16: / Line 16: @@
 |FTF=0
 |Credit=
-|CurrentOffer=$100 (after first purchase) using a referral link. Referrer gets $100 too. Plus the normal double cashback for the first year.
+|CurrentOffer=$50 (after first purchase) using a referral link. Plus the normal double cashback for the first year.
 |OfferLink=
 |NormalOffer=

@@ Line 16: / Line 16: @@
 |FTF=0
 |Credit=
-|CurrentOffer=$75 with first Amazon purchase, plus double cashback. <small>(Thanks, US Credit Card Guide)</small>
+|CurrentOffer=$100 (after first purchase) using a referral link. Referrer gets $100 too. Plus the normal double cashback for the first year.
-|OfferLink=//www.amazon.com/gp/product/B00AW3IXZO
+|OfferLink=
 |NormalOffer=
 |NormalSpend=

← Older revision		Revision as of 06:49, 19 February 2021
Line 1:		Line 1:
		+	{{DISPLAYTITLE: Discover it Card}}
	{{Page\|card\|discover cards}}		{{Page\|card\|discover cards}}

@@ Line 64: / Line 64: @@
 <ul class="bulletlist">
-<li>'''In lieu of a signup bonus, the Discover Card doubles your rewards for the entire first year you have the card.'''. At the end of the year, you'll receive a credit equal to the normal rewards you earned (including those from non-bonus spending). In effect, that gives you the equivalent of a whopping 10% cashback on the bonus categories, during your initial year.</li>
+<li>'''In lieu of a signup bonus, the Discover Card doubles your rewards for the entire first year you have the card'''. At the end of the year, you'll receive a credit equal to the normal rewards you earned (including those from non-bonus spending). In effect, that gives you the equivalent of a whopping 10% cashback on the bonus categories, during your initial year.</li>
-<li>'''You can also receive $75, if you apply through Amazon''', and make an Amazon purchase. There is also a $50 statement credit offer, available through referral links. </li>
+<li>'''You can also receive $75, if you apply through Amazon''' and make an Amazon purchase. Another option is a $50 statement credit offer, available through referral links. </li>
 </ul>

@@ Line 84: / Line 84: @@
 <li>Rewards are capped to the first $1,500 in bonus category each quarter, which works out to a maximum total of $600 in rewards during the first year and $300 in following years. It is often hard to hit each quarter's maximum limit with only your natural spending in the current bonus categories. But you can frequently purchase gift cards at qualifying merchants and use them at other merchants or at other times. For example, if Discover is offering bonus rewards on grocery stores, you can earn 5 or 10% on your supermarket gift card purchases and then use the gift cards for purchases at a restaurant, BestBuy, a clothing store, etc.</li>
-While you can earn a great reward rate with this card, it is not for everyone. After the first year, the total amount of rewards you can earn is capped at $300 per year. But this doesn't count the rewards you would have earned, by using a different card. At a minimum, you could have earned $120, just by using a 2% cash back card, dropping the amount of extra rewards to only $180 per year. But, some quarters you may have a card that earns bonus rewards on the Discover card's bonus categories, dropping the value of the extra rewards you are earning. For example, the Discover category in the 3<sup>rd</sup> quarter of 2018 is Restaurants. Several other cards, such as the Citi Prestige, Amex Gold, and Sapphire Reserve, already earn more than 5% rewards in that category.
+<li>This card is not for everyone. After the first year, the total amount of rewards you can earn is capped at $300 per year. But that doesn't count the rewards you would have earned by using a different card. At a minimum, you could have earned $120 on this $6,000 of spending, just by using a 2% cash back card. As a result, the extra rewards are only worth $180 or less each year. But some quarters, you'll have another card that earns bonus rewards on the rotating categories, further dropping the value of the extra rewards. For example, the Discover category in the 3<sup>rd</sup> quarter of 2018 is Restaurants. Several other cards already earn more than 5% rewards in that category, so you might not earn any extra rewards from the Discover card that quarter.</li>
 '''To earn extra rewards with the Discover card, you need to deal with an extra credit card, remember to use it for a changing set of bonus categories, register for the new categories every quarter, make an effort to maximize your spending each quarter, and make sure you don't spend more than the quarterly cap (when your reward drops to only 1%).'''

← Older revision	Revision as of 04:32, 19 February 2021
(No difference)

@@ Line 75: / Line 75: @@
 === Rotating Bonus Categories ===
-'''Rather than offering you bonus rewards on a fixed set of categories, like Groceries and Gas, the categories change every quarter'''. {{Link|rotating category}}
+'''Rather than offering bonus rewards on a fixed set of categories (like Groceries and Gas), the Discover it Card's categories change every quarter'''. {{Link|rotating category}}
-Discover publishes a calendar, about a year ahead of time, so that you can plan ahead for your purchases. For example, during the first quarter of 2018, Discover offered bonus rewards on Gas and Wholesale clubs. You'll need to register your card, each quarter, to receive the bonus rewards. To maximize your rewards, you can try to shift the timing of any purchases to fall into the reward window.
+<ul class="bulletlist">
-Each quarter, your rewards are capped to the first $1,500 in spending, which works out to $600 in rewards during the first year, and $300 in following years. Depending on the quarter's categories, it is often hard to hit the maximum limit with only your natural spending. If so, you can frequently purchase gift cards at merchants in the current bonus categories, and use them at other merchants or times. For example, if Discover is offering bonus rewards on grocery stores, you can earn 5 or 10% on your supermarket gift card purchases, and then use the gift cards for purchases at a restaurant, BestBuy, a clothing store, etc.
+<li>You'll need to register your card every quarter to receive the bonus rewards. To maximize your rewards, you can try to shift the timing of any purchases so that it falls into the reward window.</li>
 While you can earn a great reward rate with this card, it is not for everyone. After the first year, the total amount of rewards you can earn is capped at $300 per year. But this doesn't count the rewards you would have earned, by using a different card. At a minimum, you could have earned $120, just by using a 2% cash back card, dropping the amount of extra rewards to only $180 per year. But, some quarters you may have a card that earns bonus rewards on the Discover card's bonus categories, dropping the value of the extra rewards you are earning. For example, the Discover category in the 3<sup>rd</sup> quarter of 2018 is Restaurants. Several other cards, such as the Citi Prestige, Amex Gold, and Sapphire Reserve, already earn more than 5% rewards in that category.

@@ Line 42: / Line 42: @@
 *[[#Discover it Card Options|Discover it Card Options]]
 *[[#Collecting the Signup Bonus|Signup Bonus]]
 *[[#Rotating Bonus Categories|Rotating Bonus Categories]]
 {{/TOC}}
@@ Line 68: / Line 68: @@
 <li>'''You can also receive $75, if you apply through Amazon''', and make an Amazon purchase. There is also a $50 statement credit offer, available through referral links. </li>
 </ul>
 === Rotating Bonus Categories ===
@@ Line 80: / Line 84: @@
 '''To earn extra rewards with the Discover card, you need to deal with an extra credit card, remember to use it for a changing set of bonus categories, register for the new categories every quarter, make an effort to maximize your spending each quarter, and make sure you don't spend more than the quarterly cap (when your reward drops to only 1%).'''
 {{/Main|card}}
 {{/Page|card}}

@@ Line 43: / Line 43: @@
 *[[#Collecting the Signup Bonus|Signup Bonus]]
 *[[#Rotating Bonus Categories|Rotating Bonus Categories]]
-*[[#Other Notable Benefits|Other Notable Benefits]]
+*[[#Notable Benefits|Notable Benefits]]
 {{/TOC}}
@@ Line 81: / Line 81: @@
 '''To earn extra rewards with the Discover card, you need to deal with an extra credit card, remember to use it for a changing set of bonus categories, register for the new categories every quarter, make an effort to maximize your spending each quarter, and make sure you don't spend more than the quarterly cap (when your reward drops to only 1%).'''
-=== Other Notable Benefits ===
+=== Notable Benefits ===
 None.

@@ Line 53: / Line 53: @@
 <ul class="checklist">
-<li>'''Regular version'''. </li>
+<li>'''Regular version'''. [//www.discover.com/credit-cards/cash-back/it-card.html Discover Webpage].</li>
-<li>'''Student version'''. This is identical to the regular version, but has an approval process targeted to students. </li>
+<li>'''Student version'''. This is identical to the regular version, but has an approval process targeted to students. [//www.discover.com/credit-cards/student/it-card.html Discover Webpage].</li>
 <li>'''NHL version'''. This has the same features of the regular version, plus you get your choice of NHL Team card designs and a 10% discount at NHL.com and NHL.TV. [//www.discover.com/credit-cards/cash-back/nhl-card.html Discover Webpage].</li>