Start Building Credit Early: Why You Need The Discover It - Smart Money Seed


Start Building Credit Early: Why You Need The Discover It

*Disclaimer* This article contains affiliate links, meaning if you choose to utilize our link to sign up for a credit card, we will receive a commission at no additional cost to you.

Hello, Smart Money Squad! For those of you new to the points & miles game, we've got an article today that I think you'll enjoy. I tend to write articles about the highest-earning points cards in the industry because I find the most value in those cards. However, when it comes to getting approved for these cards, it can be a mixed bag for our readers. Banks have become more stingy in approving prospective customers due to credit thresholds-one of the MANY reasons it's imperative to start building your credit at a young age.

As many of you loyal Smart Money Seed readers are just starting out in your financial journey, it stands to reason that your credit may not be built to the level needed to be approved for these cards. Therefore, I've decided to do a deep dive on one of the most popular entry-level cards on the market today: the Discover It/Discover It Miles!

First Look: Discover IT

If you are a college student or just graduated, odds are you have received a mailer from Discover about their Discover It card. There's good reason for that-Discover tends to have a high approval rate for users with limited credit history & offer a generous first-year welcome bonus. Let's take a look at what the Discover IT has to offer:

  • Rotating 5% cash-back on up to $1,500 in purchases quarterly 
    • Q1: Gas Stations/Wholesale Clubs 
    • Q2: Grocery Stores 
    • Q3: Restaurants 
    • Q4: Amazon/Wholesale Clubs
  • All other purchases earn 1% unlimited cashback-Cashback NEVER EXPIRES!
  • Discover matches 100% of the cash back you earn for your first year-doubling your potential earnings!
  • Free monthly FICO credit score updates.
  • No annual fee & 0% APR for 14 months on purchases/balance transfers.
Discover's free FICO scorecard-a tool I use monthly!

While this card doesn't offer many of the direct travelling benefits you usually hear me talk about on Smart Money Seed, there's still a lot of value to be had when applying for this card. For starters, the rotating 5% cash back (10% cash back when factoring in the first-year 100% match by Discover) provides an immediate benefit to category spending. I'm confident in saying that no card on the market provides 10% cash back on gas or grocery spending-you'll only find that with the Discover IT!
For those of you that are in need of a first credit card to establish your credit or simply want to make some extra cash on the side, the Discover It is the card for you. It's got everything you would need in a no-hassle credit card: NO annual fee, 10% cash back on select categories for your first year & 2% cashback on EVERYTHING for your first year. 

The Discover It resembles a great opportunity to dip your toes into the credit card market without stress. It's a card you can keep for the rest of your life, building your annual age of credit while earning you cash back on the side. With free FICO score updates monthly & no annual fee, it's a card I'd recommend to anybody that's interested in getting started with building credit.

If you have any questions about the Discover IT or credit cards in general, feel free to reach out to Smart Money Seed through social media or in the comments below. We love helping our readers-and want to help you get on the fast track to financial success!

Until next time, let us know if you'd like to hear us write about a certain topic! We're open to all suggestions & want to hear what you guys want from us.



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