Why I Have 2 Discover It Cards
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- Опубліковано 20 тра 2017
- Use our referral link for the Discover It to get a $50 statement credit: bit.ly/asksebby-discoverit2
Effective 1/1/2018: sign-up bonus does not qualify for Cashback Match
[ Blog Post ] bit.ly/2pTH3lD
Discover’s “cashback match” doubles all the cash back earned on the card. This turns the 5% quarters into 10% before considering the Discover Deals shopping portal (10% to 30% on many stores).
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This fellow helped me raise my garbage credit 210 points. Still going up.
How the hell do you get a credit score of 210?
Erick Dabandan that’s how much it’s gone up lol
Not surprised, my score went up 80 POINTS in ONE MONTH
How long did it take to rise 210 points?
Where is it now 2024?
I finally pulled the trigger on a 2nd Discover Card. The 1st application pulled Equifax. I was thrilled because this is the least pulled of my 3 credit reports. The 2nd application pulled Experian. It's my most pulled report. I was less than pleased lol
Great advice. Also I love that you have sushi go on your shelf.
Very helpful, informative, great lifestyle advice and appreciate your admittedly nerdy nature. Subscribed!
I’m so blown away with your knowledge 😲🤩 thank you for your content
You have the best content. Thank you!
Applied the IT card using the referral link and was approved today. Thank you for all the information on how to maximize the value on credit cards.
Congrats :)
Thank you! I just received my new card from Discover. Now I don't have to read the whole term and condition. Keep up the good work!!!!
Glad this was helpful Romeo! :)
Sushi Go Party had me cracking up!
Great product placement and hilarious ice breaker.
With Discover they go by credit card statements (twelve). So it would typically be four to six weeks after you're first year.
Thanks Sebby for the referral link. I was approved for my first credit card ever at 28 years old. We both became $50 richer on Black Friday. That statement credit was from me. :)
Just used your referral link and got approved! Thanks.
I don’t have credit, I applied and got accepted I’m hyped!! 🤗🤗🤗
is not that a secured card....? what is the limit....?
@@bardavidi25 the limit it's what you make it. That's kinda like the bad thing. You can get a limit of 200 but you have to give a deposit of 200. Same with 500 and up to 2500. You kinda put money into the card and pay ur self back. But at the end of the 8 months, you get ur deposit back along with ur cash back ×2. If you manage ur card and money well.
@@NuclearAbyss hey maybe you can help me, if i just applied for a discover it secured card - would it hurt to also apply for this cashback card?? i've never had a credit card before and i thought i had to have a secured card.
@@milanv69 it would hurt you're credit score when you apply for multiple cards. But since its you're first card, you probably wont get approve. Usually having a secure card it's to prove you are responsible. I would wait about a good 6 months before applying for more cards. once you start to get your credit score posted, you can see were you are at and apply for other cards. Along with your secure car going unsecured and getting a bigger credit limit. But in all honesty, I wouldn't recommend applying for cards back to back. Concentrate on one card at a time. Do some proper research on the cards you wana get, some have rules that will prevent you from getting them.
For example chase will not give a card if you have applied for 5(I can't exactly remember if its 4 or 5, sorry)with in a year. So do some research l, get your score up. which will make it easier to get accepted and get bigger credit limits. Also you will get mail with offers for other banks after you have time with your card. I hope I help somewhat.
@@NuclearAbyss yes oh my God thank you so much! I've been frantically trying to get answers in the comment section of many videos. I've learned so much about credit cards lately but I wasn't sure how often was feasible for a new application. Now that you have settled my mind, I'll focus on the secured card and move from there after 6 months or so. Do you have any experience with the Bank of America Cash Rewards card? It looks like another really good card for beginners like me. That's what I was thinking as my second card + a Discover It Cash Back card even later so I can reap the benefits of the 12 month match with Discover. Again, thank you so much!
I already have the Discover It Cash Back at a $3000 limit on 3/3/2022 and I just got approved on on 6/27/2023 and got the Discover It Chrome at a $2000 limit. I waited about 16 months after getting the first Cash Back One when I got the Chrome. I'm set now since I'm maxed out at 2 Discover cards.
Do you cancel your 2nd card when you then get your 3rd, then cancel your 3rd card to get your 4th card? Or is there a product change you can do with these cards? I'm trying to figure out how this strategy could hurt your credit score canceling a credit card and opening a new one up every year?
Great. Glad I found this and was able to use your referral code.
Thank you so much I love you videos! About to apply no doubt a good card
Can I transfer my 5% points from the IT card to the IT MILES card like with chase?
Well damn, just applied and was approved for the card yesterday, and today I see your referral link. SAD
I literally just applied 2 minute ago and stumbled here
seriously sameeeee smh ill refer my gf ayy
Me too! Dammit! Missed the $100 link he was talking about.
Sameeee, i’m just going to have my gf referred.
Thank u. I have a capital one Platinum secured master card I put 100 dollars down for a 200 I now have 500 dollars. I plan to get discover it now in times of pandemic just to immediately expand my credit without risking a hard inquiry
Used your referral link in support of your channel. 💪🏽
Hey Sebby,
I got the mail invitation from Discover but remembered that you had a referral link from when I watched this video. I was a bit hesitant about applying without using the invitation since I got approved for another credit card 2 weeks ago. But anyways, I thought I could finally help you out for all the great videos and for all the times you responded to my questions so I used your link and got approved for $5k.
Congrats :) I think there's a lot of misconceptions about pre-approval invitations; good idea for a future video!
Rewatched to learn about how you did the two Cashback Match. RIP Discover portal....
RIP Discover Portal + Price Protection
Probably why Discover doesn't want me talking about them lol
@@AskSebby How long do you have to wait after you cancel to apply for a new discover card?
Hey, Love your channel. Do you have any info on the Discover More Metal card? I just received mine in the mail today? I've had the same DISCOVER card since 2002 and they just sent me a card made of Metal and it looks neat, not sure if there are any perks other than the card being made of metal?
Can you upload images on Imgur? I didn't know this existed.
AWESOME INFORMATION!
I just got approved! WOOT!
Elizabeth lee I couldn't get a line of credit for 200 dallars
Do you get hit with a hard credit check each year you get your second, third, fourth card as an example damaging your credit score?
O, yeah. I'm currently about to buy a new phone. And was looking around for my second credit card. I was going to get citi double cash or credit one. But with the referral link and cash back from discover. I think I found my best option. Specially since I will be moving and buying furniture and other house hold items. Now what would the recommended score be to apply for this CC?
@asksebby did they offer you a similar card limits for your second card? I have their cash back card with a $14k limit (it was originally 12k). I want a second card I am wondering if they will offer me another good credit limit. Thoughts?
Isn't it better to get the limit increase on your first card before you apply for the second, is hard or soft pull for the new card.
i had my card for 7 months now and
It has graduated to unsecured
This month.
I got a $1800 credit limit now
Plus I got my security deposit back
Thanks Sebby 👍
Does this still work to get the Cashback match on the second discover it card every year.
Hey I just got approved for the student card and I’m a senior but I meant to apply for the regular card instead. Should I apply for the regular card or stick with the student. I currently only have one visa credit card thru Wells Fargo that’s I’ve had for 5 years. I plan on buy a new laptop with it.
Also you don't pay foreign transaction fees. It's great if you travel a lot.
Shannon but they don’t accept discover card in some stores in some countries.
I have videos on youtube and I bought a 2001 Cadillac Deville with a bad transmission. I got a new Discover card so I could get the transmission fixed on credit with 0 interest.
Lucky you
Most of this no longer applies. Discover no longer has price protections, extended warranties, accidental & purchase protection, etc. Most importantly, there is no longer a portal with constant cash back places (i.e. no Apple, bloomingdales, etc.), only the rotating categories are left.
This is from May 21, 2017.
@@AskSebby Yup, just giving an update for those who may be seeing this video now (may be worthing modifying the description/pinning a comment describing the changes). You could also possibly make an update video on why the discover card may not be worth it anymore.
A bit more here: ua-cam.com/video/3UayJqHyRrw/v-deo.html
Sebby, can you transfer for of your credit to another card before applying for the next one?
Ex: transfer 80% of your limit to the first card. Drop the second one and get the new (3rd) one to have a higher overall limit?
So I applied for the Discover It credit card and got denied. They basically informed me by mail that even though I have a 740 yes 740 credit score, I'm denied this card because I dont have enough credit cards...... yes I have 1 other credit card but I wanted it to be my 2nd card. Oh well!
I love my wells fargo propel card and capital one venture.
👋
Discover will keep the offer alive because they want to be accepted at more places.
That's my thought process as well. They probably see the "cash back match" as part of their marketing expense.
Ask Sebby I forgot which video it was or maybe it was just random read I got somewhere. But I recall there's some card that provides medical coverage for immediate relatives of cardholders. I'm international, and my parents don't have American Insurance. Can you tell me which cards have health coverage benefits and maybe make video. I think people will find it useful. I like having cards for benefits.
Ex: Amex BCP refunded me a shirt price because I'm messy as 5 year old and should use a bib while eating.
Ask Sebby last time they had me fill a form from my dry cleaner. This time they didn't even bother. They just approved it from store receipts and a picture. I guess they really go with good standing/goodwill of their customers. 😅🙌🏻. Fkin love Amex. They inspire mutual confidence.
I'll take a look into the insurance item. I think a big part of it is that they do claims in-house (from my understanding) while most other banks outsource it (Chase, Discover, etc.).
A friend of mine had a really bad claim experience (extended warranty) with his CSP so I've been wary with Chase.
@@AskSebby hey, man. I know this is old, but: can i up my limit after I've received my card?
Hey seb! I'm new to the channel and loving it. I am currently building credit and got approved for the Discover it Secured card (still waiting for it to come in the mail actually). This is my first ever credit card, and I was wondering if you have any experience or knowledge of what the upgrade process for this card is. It's sort of vague on the website. It just says that after the first 7-8 months of use, Discover will automatically review your account to be upgraded to a "non secured" account. Does this mean they would transfer me into the actual Discover It card (with full rotating 5% cash back and all)? Or would they keep me on the same card with just restaurants and gas at 2% cash back? Furthermore, do you think that , if they do want to keep me on the 2% gas and restaurant card, I would be able to convince them to upgrade me to the Discover It card instead? I plan on boosting my credit very quickly with this card so I should hopefully see a dramatic gain in my score by 7-8 months from now. Around that time maybe it would be better to just apply for the Discover It card anyway. Thoughts?
Thanks in advance!
You should be able to PC to the It after you get upgraded to an unsecured card.
Ask Sebby awesome! I will definitely be attempting the product change when the time comes. Thanks again!
I also wanted to make sure I understand this right in always getting the double cash back with the 5x categories. I am not a student so I would need to get either the Discover it likes or the it cash back match card and then after the 13 month mark get the other. Then use the newest one and sometime cancel older one the re aaply for the original at the second 13 month mark. Do I have that right?
Both of mine are Discover It cards. Yep! Basically use the newer one. The 1st and 2nd card are no-brainers. For the 3rd one onwards, it really depends on if you have other credit cards that you keep (to maintain your base).
So would you say this is a good credit card to transfer a high balance from let’s say the citi southwest credit card?? Looking to transfer to a 0% interest for the introductory rate
Thank you. I just used your referral link for my second card. Thumbed up and subscribed.
I have a discover it chrome student card and a normal discover it cash back card. Can I still apply for another discover it card after 13 months?
I LOOOOOOOOOOOOOOOOOOOOOOOVE DISCOVER IT!!!!!
Does the discover it time it’s categories like chase? So that I don’t run into a situation where chase and discover have 5% back on the same items
You missed one important feature. Discover it allows you to take cash out at your purchase apr which for the 1st 14 months is 0%
You're usually paying a 3% or 5% fee to do it. Unless you're at a 0% fee or have a risk-free return < the fee, it doesn't really make sense.
Will the referral link still work for 50?? Just not for the 100 right ??🤔
How soon can you apply for a new discover card after closing the second card?
Costco accepts discover? I tried paying for it Nov 2018 and it wouldn't go through.
Is there a way to apply for the secured version of the card and get the $50 referral bonus?
No
Thanks for the helpful videos! Is the only way to get multiples of the same card to do a product change? My next card that i will get in a few months is the freedom. If you have a referral link post it and I will use.
Nope! You're allowed to outright have 2 Discover It cards (I didn't PC to get mine). Referral: bit.ly/asksebby-discover-0617 Thanks Christy! :)
Open Sky? Is it effective? Would you know? I'm looking into Discover or OpenSky
Never heard of it. I would recommend the Discover over it.
Hi Sebby, currently looking into the Discover It Card. I wanted to know if purchases on the Discover Deals count towards the $1,500 quarterly limit or is it its own thing? It seems so because the some of the cash back percentages noted exceed the 5% the categories give.
They count towards the quarterly cap (and stack with it as well).
Not sure I understand what you mean by counting towards the cap AND stack with it as well. Seems like the opposite?
So it's January 2018, I buy $1,500 worth of Costco Cash Cards hitting the cap. Then using the Discover Deals, let's say there is 5% back from a $500 Carnival Cruise. Will I get the additional 5% from the Discover Deal?
Also Vice Versa, say I get the same Carnival Cruise deal at 5% of $500. Then I buy $1,500 worth of the Costco Cash Cards, will I only get $1,000 worth of the full $1,500?
I got a discover card back in 2017 after watching this video, then a second one in 2019, in the fall of 2020 I tired to get discover to move some of my credit from the newer card over to the older one before I closed out the newer one, but found they wouldn't do it as they said I wasn't approved for a credit limit increase. as I hadn't spent much money on those card in the recent month. fast forward a year and I made a point to put spend on both of them and will try this again. has anybody else ran into trouble moving credit limits from card to card with discover? with chase its easy to do
I've been trying to find out if this still works to get the match more than once can you please keep this thread going with updates. I would appreciate it ❤️😁
@@Spencerwalker21 not sure, but I asked to move credit limit from one of the two discover it cards to the other and they told me I couldn't, so I asked for a credit limit increase and it was measly compared to all the rest of my card limits. Needless to say I think discover its are great starter cards but I'm not very impressed with them anymore
@@jaywolff4971 thanks for the update. I'm only getting the discover it card latter this year for the mobile wallet caterogy and going from there. I'm more of a freedom flex simp lol
Sebby do you have a referral link for the discover it unsecured
Great video, my question is in applying, what credit score and or rating should I be at in order to better my chances by applying and earning an approval?
I recommend at least 700 for most cards to maximize your odds. You might still get it with a lower score but there are a lot of short-term ways to increase your score quickly (basically paying off the cards before the statement dates to have 0-1% utilization).
I already have a discover card account. Do they let you and qualify for second discover card? Thank you
I'm trying so hard to get to 850.. and I already have one Discover.. won't it hurt my score if I open another one with the same carrier?
My Capitol One I have a Platinum & Venture but I also have the discover it
Will you be keeping your Amex Platinum? I haven't heard you talk much about it lately.
Depends on retention offers :)
711 are gas station I am a truck driver most of them have fuel island the only one I know doesn't have 1 is downtown Dallas Texas and in the Dallas-Fort Worth area 7-Eleven have they own gas
Easiest card to get approved for. I applied and got $6000 credit limit first time. APR is 4% because im in the military
Is there a max spend per quarter for the Discover IT card?
You can cancel your card and reapply and they'll still give you a cashback match? If you use a referral link will they also give you a SUB each time?
Hey there!
Is $23,000 starting approved credit limit for a chase saphire preferred good or it’s okay?
Thank you!
I thought that they were cracking down on buying Gift cards for maxing out rewards. Discover still let's you do this? how?
Because the businesses pay the rewards. See points come from Discover charging extra fee's to businesses to allow them to be able to process transactions. This essentially screws over small business.
These seem like good "gardening" cards
What's the difference between Discover It cash back vs Discover It cash back student??
Nisey cash back for students is for students and I hear only has a max limit of 3500... discover it will give you a much higher limit...
You always need to put money on this card? (Sorry for my english )
thats a good way to max out your gas .
How do u link both account to single login? I just got the new card and there is no way to register under single username, Compare to Chase made my life so much easier with that type of thing.
I have it under 2 separate logins. I'm used to it from my many Amex logins at this point but agree that my Chase experience is a lot easier.
Can you refer yourself for the $50 bonus to apply for the second card 😛
could you tell me how to active 2 discover credit cards on phone app?
What month should I apply for discover is I want to make a apple purchase?
It doesn't really make a difference for Discover Deals. Just make sure what you're planning to buy isn't listed as an exception. For example, iPhones are typically excluded for 1-3 months after launch, so you would want to wait until December/January.
As of 9/18/17: EXCEPTIONS: iPhone X,iPhone 8,iPhone 8 Plus,Apple Watch Series 3,Apple TV 4K,gift cards, gift wrap, Bose, products to non-end users/purchases for resale, more than 5 of an eligible product, employee programs, more than 2 iPhones within 30 days, shipping, taxes/fees
Ask Sebby aww man thanks for the heads up!
Is the discover it card metal or weighted like the capital one venture card?
It's cheap Plastic.
🙏 Dear Ask Sebby, I have a Discover card, don’t know which one, I had it since ‘09 paid it off and haven’t used it in 10 years, that has a high limit. Haven’t closed it and luckily they didn’t close it as well so it affects my credit positively for the history. Oh and I am a secondary on that account, I guess you would call it an authorized user. My question is: could I apply for the Discover it card with no problems? Or you think they would close The old one?? 😬😖😣 (and, should I just apply for a Chase freedom unlimited or Amex or another bank? I have excellent credit and no active credit no debt. My only other credit-like account is a synchrony care credit, secondary in that one too, that is paid off, with a decent limit). Please answer if your able 🙏
Honestly, we don't really know until you apply. Magic 8 ball :(
Hello! Discover employee here. We won't close out your discover account without giving you notice first, usually by mail. You can contact discover and confirm the account is still up and running. If it is and there's no notice to close your account due to non-usage, you can apply for a new card and the old account will not be closed out. If your old account is in danger of being closed out, just make a purchase on that old card to show activity on it. Other than that, you're golden :)
@@KoveHelloTheHorror Out of sheer curiosity, if I become an authorized user on a Discover card, would I also be able to apply for two Discover cards of my own or would me being an authorized user count as one of the two allowed Discover cards?
This type of card is recommended to be pay full by the end of the month too?
Yes. Any cash back or benefit you get is significantly minimized if you start paying interest. Think about it this way, there's no other opportunity for you to make 19% back in a risk-free way - even 5% is nearly impossible given interest rates.
All of them are
Do you know what's the Best card's for me if I have no credit and trying to finance a vehicle. I do have a job. I am going on my second year. I've been researching for a credit card as my first investment and I am a little bit stuck on deciding on which credit card to choose from..
www.asksebby.com/blog/comparing-secured-credit-cards-from-major-issuers
Discover keeps sending me applications saying, I've been pre-approved, but I always decline because back in the day, in my younger years, I did abused the card, collections came calling, finally paid it off, but I can't believe they're giving me a second chance. Tempted get the card, rip the app up every time!
I made the same mistake with capital 1 , met a guy, had a baby, and bills piled up, I couldn't keep up with the bills, I had 3 cards at the age of 24 , my score was excellent. I'm 34 now, all debt is cleared, thinking of going with discover it to rebuild, I'm at 717 , but I know I could do better, do better for yourself also, if getting a credit card helps you in the long run, go for it. Trust yourself either way. I'm sure you have matured financially.
What about the chrome card from discover?
Ask Sebby my friend recommends me to use Samsung pay because he claims you can earn rewards. Apparently Samsung pay gives you points for each transaction, after you've accumulated enough points you can redeem the points for gift cards. What do you know about this? Do you recommend? Which digital wallet app do you use?
If you're going to use Samsung Pay, you should grab the U.S. Bank Altitude (3x back on digital wallets = 4.5% return on spend).
What did you mean when you said "sign-up bonus does not qualify for Cashback Match" in your description? Does that mean that I won't get a cashback match if use the referral link to signup? I hope you can enlighten me on this.
Signup bonus = $50 you get.
Past = $50 + $50 + cash back via spend * 2
Now = $50 + cash back via spend * 2
Is there a introductory offer or teaser rate
Can I manage both cards on the same app on my phone?
If I already have a discover it and want to get another do I have to make a separate account? Does the cash back earned on the second combine with my existing cash back earned on my first card?
Separate account. Doesn't really make a difference though if you're cashing it out. Their rationale for separating it is to make it simple, especially if the 2nd card has cash back match.
Transferring the cash back from a card that does NOT have the match would complicate the match amount.
I just applied for a Discover It card, recently. And, I need to ask you something. Will it affect my credit score after I activate it? My score's 753. Thanks.
Ga5524
As soon as they pull your credit from the application it’ll affect your credit.
@@matthew8153 Thanks for the info.
Can I apply for Discover it cards 2 times in one day?
This guy love banana republic 😂🤣😂
Is getting a second card a hard inquiry?
Does the color of the card matter? I already had 3different colors but the perks are basically the same, 5x .
NEVERMIND. I just saw it's a design I can choose.
Does the Discover Travel card make sense and how does it compare to compared to other travel cards?
It makes sense in Year 1 and that's about it. Crunch the numbers on a few different cards and they'll typically make more sense.
Year 1 = 3% back towards travel
Year 2 = 1.5%
Around what number does your credit score needs to be in order to get approved for sure?
jcansecogarcia97 I was at like 670 and got approved
I just got my student discover it chrome card should I apply to the discover it card as well or should I wait?
I would just wait. Let your history grow and go after Chase 5/24 cards (otherwise you waste slots that could easily be worth $150 to $1,000 in value): www.asksebby.com/free-card-consultation/
Got approved the other day but no referral link!! Oh no!
Hey Sebastian just used your link for discover it and I got approved. I have a question .
There is any benefit in transfering the balance from my capital to this card ?
I'm not a fan of balance transfers unless you need it.
BT are a easy way for people to get into a lot of debt if used inappropriately (as a way to spend more then they have).
Think this is the guy that made Discover change their price protection policy heh heh
What did they change it to?
Can this card work if a person using it is residing in Canada? Usage will be for shopping on Amazon to get the 5% returns. Looked into Amazon Rewards Visa Signature Card, but it is only for US residents.
You need to have a US social to get most cards I discuss, sadly.
Sebby does this still work
Hello... I just subscribed to your channel. Your tips are very helpful. I'm thinking about using my new Discover It card to buy a vacation package on Costco.com. Seems like a good idea for me to get that 10% match for Q1. What are your thoughts Sebby? !
It seems like a logical move. Where are you traveling? :) Make sure to price out the vacation package vs. booking things separately.