I am a young college student, who is looking to get a credit card. Unlike many college students I wasn’t trying to increase my spending and make reckless decision with my finances. I was just to just establish some credit by putting some of my regular expenses on a credit card.
I had applied for many different cards hoping that someone would be willing to accept one of my applications. I had tried cards such as Capital One, American Express, Bank of America, and TD Bank credit cards. Most of them would give me a response saying that I needed more of a credit history, or in some cases just flat out denied me.
I was discouraged but decided to apply for a Discover Card. I had sent in an application and heard back from them the next day. I was very surprised with how quickly they had gotten back to me. They said that I had qualified and gave a $750 credit limit to start which I thought was pretty good.
My Discover Card came about a week later and I called to activate it. I had heard some horror stories about credit card companies like Capital One trying to sell you useless credit protection programs when you activated your card. I expected to get something like that from Discover, but was pleasantly surprised. I was on the phone for about 2 minutes. I gave them my information and I was good to go.
Once my account was activated I started to learn more about their cash back rewards program. I figured with no credit history it would have been a while before I could qualify for any rewards program. However, Discover awarded it to me right off the bat.
I get 5% cash back on different purchases every month. So by using my Discover Card on things I would normally buy anyways I can 5% of the purchase back. It may not seem like much, but over time it adds up.
The other nice thing about the rewards program is that you can redeem your cash back bonus for items instead of cash if you wanted to. In some cases they will give you more value than the money you have earned in your rewards. For example you can earn a $50 Outback Steakhouse gift card after earning only $45 dollars in rewards.
It may not be much to start out with but after 6 months of having this card I decided to get the Outback gift card and take my girlfriend out to dinner with it. So just for using my Discover Card for the last 6 months I earned a free dinner for two.
I am very happy with my Discover Card and definitely happy that I got it. I am establishing some good credit by paying my bills on time, as well as earned some great rewards in the process. It is really a win-win situation. I would definitely recommend getting a Discover Card if you are looking at getting a new credit card.