Update: This offer is expired.

The Discover IT is a newly revamped cash back credit card issued by Discover Bank. It offers 5% cash back in rotating categories and 1% cash back on all other purchases.

Benefits:

• No Annual fee
• No foreign transaction fees.

If you travel overseas every so often and don’t want to pay the 3% forex fee other credit cards charge – The Discover IT is for you. It can lay around until you are ready to travel without charging any fees.

• 0% Intro APR for 14 months on purchases and balance transfers

If you are looking to make a balance transfer the Discover IT comes with a 0% APR for the first 14 months

• 1% Cash back on all purchases

The cash back can be redeemed in the form of a statement credit, direct deposit to your bank account, gift cards or you can shop at Aamzon and pay with your points.

Though, unlike credit cards like the Starwood American Express, Chase Sapphire or the *Chase Freedom etc; the Discover IT points cannot be transferred to Airlines or Hotels so the points are only (generally) worth a fixed 1% cash back. I Write “generally” because Discover does have some promotions where when you redeem the points for certain gift cards they’ll double the value. *The points from the Chase Freedom on it’s own also cannot be transferred to Airlines or Hotels unless you have the Chase Sapphire or Chase INK credit cards.

• 5% cash back in rotating categories – up to $1,500 spend
• 5-20% extra thru ShopDiscover shopping portal

This is where the real benefit of Discover IT card lies. 5% cash back is nothing to sneeze at, although it’s not on all the spend, you can use the card specifically on those categories and use your other credit card such as the Chase Sapphire etc; for all the other spend. Also you can get some nice cash back value from the ShopDiscover Portal.

• No penalty APR

This is a nice extra benefit, If you accidentally miss a payment, discover won’t jack up your APR to something exorbitant like other credit company’s do.

Cons:

• No sign-up bonus

Unlike other credit cards the Discover IT does not offer a sign-up bonus.

Bottom line – This card is good for

1. If you travel overseas every so often

2. Are looking to pay off your debt with a 0% APR.

3. For the 5% cash back and ShopDiscover

If you are planning on only having 1 or 2 credit cards it may be more worth it to go for the Chase Freedom or Starwood Amex etc; If you can handle more than 1-2 credit cards, this card will make a nice addition to your wallet.

Update: This offer is expired.

This has been around for a while, although officially it’s been dead and the landing page doesn’t say anything about the 50,000 points, the link still works and you still get the 50,000 points!

The official Link from Citi only offers 30,000 points.

Citi Platinum Select / AAdvantage Visa Signature Card LINK

CitiBusiness / AAdvantage Visa

Get 50,000 American Airline miles after $2,500 spend within the first 4 months.

No annual fee the first year.

You may also want to check out the US Airways card, as the points will eventually be converted into American Airline points.

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The links below offer 45,000 points (as opposed to the 50,000 above) after $5000 spend within the first 4 months. Additionally, you’ll get a $150 statement credit when you make a purchase on American Airlines, and you’ll also get 2 free AAdmiral lounge passes.

Citi Select / AAdvantage American Express card LINK

Citi Platinum Select / AAdvantage Visa Signature Card LINK

CitiBusiness / AAdvantage Visa

Visitor Question: “I have tried applying to some of the credit cards that are on your credit card page with no luck. I never had a credit card before but I’d like to take advantage of the big sign-up bonuses, what can I do to get approved?”

Here are some ways you can build up your credit with no credit history:

1.   Sign up for a secure credit card

Secure credit cards are made to help you build or improve your credit score. You can sign up for a secure credit card such as the USAA Secured Platinum Card.
A secure “credit card” works the same way as a “regular” Credit card. The main difference is, (besides for lack of bonuses and points) is that with a secured credit card you need to deposit the money upfront, It works similar to a Debit card. For example if you deposit $500, you’ll have credit line of $500, with your deposit securing your new credit card. When you close your account you’ll get the money back.
Secure credit cards will also usually charge you an annual fee. Some Secure credit cards will offer automatic credit line increases, others such as the USAA secure card, open a 2-year Certificate of Deposit (CD), an interest-earning deposit account with your initial deposit.

2.  Sign up for “store” cards 

You can sign-up for store cards such as Macy’s, Target, Kohl’s, Gap etc;. Store cards are easier to get then “regular” credit cards, as the stores are eager to give you their cards. Just note that it is a lot easier to get approved for a store card once you are an authorized user on someone’s account and have some basic credit history (see # 3.), although it’s not always a prerequisite.

3.   Be added on as an authorized user

Being added as an authorized user on someone else’s credit card account, will link your credit report to the credit history of the credit card that you are an authorized user on.
You should try to be linked to an account that a.)  has a long credit history, b.) has never missed a payment, and c.) uses a small amount of the overall credit limit allowed on their card.
For example, if someone has a credit limit on their credit card for $10,000 and they have a balance of $8,000, they are utilizing 80% of their credit limit which is very high, on the other hand if someone has a credit limit of $10,000 but only has a balance of $1000 they are only utilizing 10% of their overall credit limit which is good for the credit score.
Being added on as an authorized user is easy. The main card holder can add you on with a simple call to the credit card company or can even do it many times online. The main card holder will need to give your name and social security # to the credit card company and request that you be added on to their account.

4. Sign-up for easier to qualify credit cards

You can try signing up for credit cards that are easier to get approved for, such as the Discover IT Student Credit Card or the Barclaycard Rewards Credit Card.

5. Make sure to take care of your credit

Once you have one of these cards mentioned, make sure to keep your credit history in tip-top shape by always paying your credit card on time.

6. Apply for the “good” cards

Congratulations! After about 6 months or so, of having these cards and paying your bills on time, you should have already built up your credit worthiness enough to start getting approved for the better credit card offers.

Are you looking for a specific deal or need help choosing the right credit card? Send us an email! Questions, Comments or Requests are welcome! You can send us an email at requests@ www.dealsmaven.com, you can contact us HERE or you can just leave a comment below.

Update: This offer is expired.

Activation LINK

Chase Freedom credit card holders can now activate their Q2 5% cash back.

This quarter’s (April – June)  5% cash back categories are, Restaurants, Movie theaters, and Lowe’s.

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Update: This offer is expired.

Chase Freedom – Benefits: 10,000 ($100) Bonus points when you spend $500 within the first 3 months, 1% cash back  for every dollar spent, 5% rotating cash back categories every 3 months, up to $1,500. If You have the Chase “Sapphire”, or Chase “INK” credit cards, the Chase Freedom points can be transferred to the “Sapphire” or “INK” cards making the points transferable to airlines and hotels, and hence more valuable. There is no annual fee for this card, and there is a 0% Intro APR for the first 15 months, on purchases and balance transfers.