Okay so you're researching the discover it secured credit card. Duane here with
how to build credit TV and in this video I'm gonna talk about two things that you
might not know about the discover it secured credit card but before we get
started I have a quick message.
Once again my name is Duane with how to build credit TV. This channel offers
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new here consider subscribing. Okay so if you're researching the discover it
secured credit card chances are you probably know the big bullet points. In
this video I'm gonna talk about hopefully two things that you may not
know about the discover it secured credit card. I'm sure that you probably
know that Discover actually offers the ability to earn cash back and it's
2% on gas and dining and 1% on everything else. In addition to that you
actually discover actually matches your cash back earned in your first year of
membership. So you're able to earn cash back for the life of the credit card but
in your first year as a member of Discover card Discover card actually
have what they call cashback match and they absolutely match the amount of
cash back that you earned in your first year. So for example if you've earned
$200 in your first year Discover will actually give you another
two hundred dollars to match the cashback that you've earned. So
that's actually a pretty good deal Discover Card is the only credit card
out there right now that's offering this deal and more importantly it is a
secured credit card. The discover it secured credit card is also offering
this as an incentive to get people to join discover which I personally have to
discover it secured card and I absolutely love it. As a matter of
fact I'm a little over $400 right now in cash back earned and I think I'm on
month number 9 so hopefully we'll get to get to be over $500 and discover will
match $500. I'll make videos showing you guys just that. Okay so this brings
me to my first thing that you may not know about Discover Card. So the
discover it secured card when I first got started like I said it's 2% on gas
and dining and 1% on everything else at the time that I got my card it was I
think I saw some commercials on TV about discover card and getting 5% cash back
and so long story short I made a lot of purchases with Amazon Target thinking
that I was earning 5% cash back. So I called Discover Card because I was a
nerd and I want to make sure that I was absolutely getting the 5% cash back and
it turned out that I was not. So this is what you may not know about the discover
it secured card. If you call them up and you want to transfer from the current
cash back program that you have which is the 2% on gas and dining and 1% of
everything else if you want to transfer from that to the 5% on certain
categories you can actually do that and they will actually let you do that. So
that's one thing that you may not know about the discover it secured credit
card so if you're interested in that then I would encourage you to give them
a call. The thing about the
categories is a lot of people feel like it's too much to keep up with but in
reality you're absolutely getting more money back if you like for example are
spending money on gas a lot of us have to buy gas because we have to go to work
or pick up our kids or whatever we need gas right. If you're spending money on
food so there'll be gas in the in the certain categories food is in the
certain categories certain stores are in categories. As a matter of fact the
second quarter of 2018 right now I know grocery stores is what the category is
and so if you're a human being chances are you're buying groceries and
you would get 5% back on that. If you had the regular plan you would absolutely be
getting 2% on gas and 2% on dining so you would even get 5% on groceries
we get 1% on groceries so it may be something that you take into
consideration and think about doing going from the 2 percent and 1 percent
to 5 percent on certain categories and 1 percent on everything else. In addition
to getting the 5 percent on certain categories here's something that you may
not know. Discover has this thing called discover deals you can access it by
using the app you can access it by logging in to their website online and
you can click on rewards and underneath rewards you'll see discover deals.
Discover deals is a way to actually get more cash back outside of the quarterly
categories. For example with me you can buy stuff I bought a TV with Walmart
I bought it through the discover deals online and all I did was I went to the
website and then I clicked on discover deals and discover took me from the
discover site to Walmart and the prices are going to be the same there is no
price difference if you go through discover card but you do get the 5
percent cashback there's also five percent cashback with
Nike there's five percent cashback with Apple I know I'm gonna be taking
advantage of that when I decide to get a new phone because my phone is in bad
shape as you can see right here well maybe you can't see I'm not sure but my
phone is in bad shape the screen is pretty jacked up but I'm just gonna wait
until they release a new phone. So when I do though I'm gonna get go ahead and get
my phone through discover deals and I'll just go then discover the
discover website click on discover deals and then you'll bring me to the
Apple website and I'll purchase my phone that way. That is another way that you
can make 5% cash back on your purchases with using the discover it secured
credit card. So if I were you and you're considering getting this card definitely
get the card but also consider switching to the 5% cash back on certain
categories and maximize it by using the discover deals. Ok that concludes the two
things that I think that you probably did not know about the discover it
secured credit card. Once again our channel is all about everything you need
to know regarding credit whether you're looking to establish credit, build
credit, rebuild credit or learn more about the FICO score and how its
comprised so you can increase your credit score. We also talked about cash
back and how to get cash back using credit cards and we also do credit card
reviews. So if this sounds like something that you're interested in be sure to
subscribe to our channel. Thank you so much for watching this video if you have
any questions leave them in the comment below. If you like this video give me a
thumbs up please and until next time take care and be blessed. Peace!