Many people choose not to have credit cards; It's easy to rack up tons of debt that you do not have the money to pay back. But I like credit cards, I ALWAYS pay on time, So I never pay interest. Plus I can get cashback and rewards to help boost my income.
Because of my business, I spend hundreds to thousands a month on Amazon! ( Don't worry, I use a woman's affiliate code who donates to charity! ) Normally I have a Discover Miles card for my "business expenses".
I have a Discover cashback card
for my personal expenses.
It's pretty obvious that I just LOVE Discover. The website set up and the card designs grab my attention. Other banks seem to have boring, Old looking cards, With a disorganized website. So I've pretty much stayed with Discover
Some people like to hop around credit cards eating up the rewards; I don't have time to do that. But I realized something when spending a TON of money on my new Discover Miles Credit card.
- They get you by saying they'll DOUBLE your rewards the first year.
- The regular reward percentage is just 1.5%
- So the doubled amount is 3% and you only get it for the first year.
My cashback credit card.....
- 1% cashback on all purchases.
- 5% on rotating cashback categories.
JAN-MAR 2016
Gas & Ground
Transportation
APR-JUN 2016
Restaurants &
Movies
JUL-SEP 2016
Home Improvement
Stores &
Amazon.com
OCT-DEC 2016
Amazon.com,
Department Stores &
Sam's Club
So from July To December, I basically can get 5% cashback on all my purchases. Sure, For the rest of the year, I only get 1% Cashback, But Discover
also allows you to get cashback
When you "reload your balance on Amazon" So I can take advantage of that by paying for future business expenses immediately rather than later.
The Discover portal
There is also a cashback portal on Discover ;
That will allow you to earn extra cashback by shopping at certain stores! You can take serious advantage of it! But sadly the miles card doesn't have that either. So I feel like I was giving up too much for just 1.5% cashback and 3% cashback on the first year.
Choose your Credit Card Wisely!
- When credit card shopping it's important to pick carefully. Check out the menu, Make sure you like the website. I feel like that's a big one.
- Make sure to pick the card that will give you the maximum reward benefits.
I'm going to cancel
I know it hurts your credit score when you cancel things, But I have no choice with this, I want a second cashback card. And Discover only allows two credit cards per person. So I'm going to cancel and try to get a second cashback card.
. After I enjoy the "doubling" benefits of my first year. Sadly I should have paid closer attention. I wanted to travel more, So this miles card sounded like a dream come true. But when 70% of my business spending goes to Amazon, I can't pass up the 5% offer.