Discover It Card Review – Best Beginner Credit Cards For Travel Hackers
Which Credit Card is Good for Beginners?
Are you a first-time credit card user who needs to know which credit card is good for you? If so, then you’ve come to the right place! In this article, we’ll discuss the best types of credit cards for beginner users, and what you should look for when choosing the right credit card for your needs.
Credit cards are an important financial tool for anyone who wants to build a good credit history. Of course, it’s important to use your credit card responsibly and pay your bills on time to ensure that you’re able to maintain a good credit score. But choosing the right credit card for your needs is also critical to make sure that you’re getting the most out of your credit card experience.
The best credit cards for beginners are those that don’t require a lot of credit history and offer low interest rates and generous reward programs. Additionally, beginner credit cards should have no annual fees and provide you with an easy way to track your spending.
Here are some of the best credit cards for beginner users:
1. Discover it® Secured Credit Card: This is a great card for those who have limited or no credit history and need to build their credit. The Discover it® Secured Credit Card is accepted everywhere Discover is accepted and offers 2% cash back on up to $1,000 in combined purchases each quarter. Additionally, there are no annual fees, and you can get your security deposit back when you upgrade to an unsecured card after 8 months of responsible use.
2. Capital One® QuicksilverOne® Cash Rewards Credit Card: This is a great card for those with limited credit who want to earn rewards. The QuicksilverOne® Cash Rewards Credit Card offers 1.5% cash back on all purchases, and you can earn a $100 cash bonus after you spend $500 on purchases within the first 3 months. Additionally, there are no annual fees and you get access to a higher credit line after making your first 5 monthly payments on time.
3. Citi® Secured Mastercard®: This is a great option for those who need to build their credit. The Citi® Secured Mastercard® requires a security deposit of at least $200, and it reports to all three major credit bureaus. Additionally, there is no annual fee and you can get access to a higher credit line after making your first 5 monthly payments on time.
4. Bank of America® Cash Rewards Credit Card: This is a great card for those who want to earn rewards. The Bank of America® Cash Rewards Credit Card offers 3% cash back on gas, 2% cash back at grocery stores and wholesale clubs, and 1% cash back on all other purchases. Additionally, there are no annual fees and you can get a $200 cash bonus after you spend $1000 on purchases within the first 90 days.
5. Wells Fargo Cash Wise Visa® Card: This is a great card for those who want to earn rewards and save money. The Wells Fargo Cash Wise Visa® Card offers a $150 cash bonus after you spend $500 on purchases within the first 3 months, and you can earn 1.5% cash back on all purchases. Additionally, there are no annual fees and you get access to a higher credit line after making your first 5 monthly payments on time.
Overall, these are some of the best credit cards for beginner users. It’s important to understand the features of each card and choose the one that best fits your needs. Additionally, make sure you read the fine print and understand any potential fees and penalties before signing up for a credit card.
Key Points:
• The best credit cards for beginner users are those that don’t require a lot of credit history and offer low interest rates and generous reward programs.
• Look for a credit card that has no annual fees and provides an easy way to track your spending.
• Understand the features of each card and choose the one that best fits your needs.
• Read the fine print and understand any potential fees and penalties before signing up for a credit card.
People Also Ask Questions and Answers:
Q: What is the best credit card for beginners?
A: The best credit card for beginner users is the Discover it® Secured Credit Card, which offers 2% cash back on up to $1,000 in combined purchases each quarter, no annual fees, and you can get your security deposit back when you upgrade to an unsecured card after 8 months of responsible use.
Q: What should I look for in a beginner credit card?
A: When looking for a beginner credit card, look for one that doesn’t require a lot of credit history and offers low interest rates and generous reward programs. Additionally, look for a credit card that has no annual fees and provides an easy way to track your spending.
Q: Are there any rewards for beginner credit cards?
A: Yes, many beginner credit cards offer rewards such as cash back, travel points, or other bonuses. Be sure to read the fine print and understand any potential fees and penalties before signing up for a credit card.
Which credit card is good for beginners? – Most Popular?
The Discover It card doubles as a travel credit card & cashback card. In this credit card review, we’ll talk about its perks & why it’s one of the best starter credit cards for 2020.
[🐼 Blog: https://pnts.pa/discover-it-card] [🐼 Concierge: https://pointspanda.com/concierge/ ]
Discover It Credit Card Benefits!
-ZERO annual fee
-Simple earning structure
-Easy 5% cash back
-Great card to keep forever
-0% interest period
People who want a cashback credit card without the frills should try Discover It card. There’s a $50 sign-up bonus but right now it seems this offer is off the table for new cardholders. It’s also one of the few credit cards out there with no annual fees and offers a competitive 5% cashback rate on rotating categories.
The Discover It Card 2020 rotating categories include groceries, gas stations, restaurants, and online stores. The categories rotate every quarter but it’s not too complicated to understand. For example, you can get 5% cashback for groceries for the first quarter of the year, restaurants for the next quarter, and so on.
Take note that you need to activate the card every quarter and there’s a maximum spending cap of $1500 for the 5% rate. Once you reach the quarterly cap, you’ll get an unlimited 1% cashback on all purchases without the need for activation. It’s safe to say that it can be one of the best credit cards for beginners.
This no annual fee cashback card also has a unique bonus offer where you’ll double your cashback at the end of the year – with no limit. For example, the Discover it cashback match will let you earn $1200 in total if you’ve earned $600 cashback at the end of your calendar year.
#Discovercreditcards #cashbackcards #DiscoverIt
🐼 Learn Optimize Your Points and Travel Plans for the Post-Pandemic era with the FREE course “The 10 WORST Travel and Financial Mistakes People are Making During Coronavirus” (COMING SOON)
******************** 🐼 Support Points Panda 🐼 ******************
🔥 Coronavirus Travel Assistance Concierge: https://pnts.pa/corona
🔥 Travel Hacking / Credit Card Concierge: https://pnts.pa/travel-hacking
🔥 Low APR Personal Loans (affiliate link): https://pnts.pa/loans
🔥 Shop on Amazon with our Affiliate Link: https://www.amazon.com/?tag=pointspanda-20
Advertisement Disclosure: PointsPanda LLC both as a company and the website are part of an affiliate sales network and receives compensation for sending traffic to partner sites including but not limited to CardRatings.com. This compensation may impact our reviews and how and where links appear on this channel. Points Panda LLC does not include all financial offers. Some offers mentioned in the video may be different or no longer be available by the time you’re watching this video. Opinions expressed on this site are the author and company’s opinion alone. This content has not been reviewed or approved by any of the entities mentioned within the channel.
*** Follow Freddy and the Points Panda team for more free credit card advice ***
💌 Email (Free finance and travel course): COMING SOON
📷 Instagram: https://www.instagram.com/thepointspanda/
📺 Youtube: https://pnts.pa/subscribe
🐦 Twitter: https://twitter.com/pointspandacom
Thanks for watching the Discover It Card Review – Best Beginner Credit Cards For Travel Hackers video!
Watch the Discover It Card Review – Best Beginner Credit Cards For Travel Hackers video on Youtube