Learn More About the Discover It HERE: https://magnified.reviews/Favorite-Cards Click “Show More” to see my Favorite Financial Tools ▽MY FINANCIAL TOOLS▽ 🏦 SoFi Complete Money Management ➤ Checking & Savings - https://magnified.reviews/SoFi ➤ Credit Card - https://magnified.reviews/SoFiCreditCard ➤ Invest - https://magnified.reviews/SoFiInvest ➤ Budgeting - https://magnified.reviews/SoFiRelay ---------- 💰 Chime Fully Online Banking ➤ Sign-Up for Chime HERE: https://magnified.reviews/Chime ➤ Chime Credit Builder HERE: https://magnified.reviews/Credit-Builder ---------- 💳 Favorite Credit Cards ➤ Chase Sapphire - https://magnified.reviews/Sapphire-Preferred ➤ Capital One Venture X - https://magnified.reviews/VentureX ➤ Chase Ink Business - https://magnified.reviews/Ink-Business ➤ Amex Green - https://magnified.reviews/Amex-Green ➤ Amex Platinum - https://magnified.reviews/Platinum ➤ Amex Business Gold - https://magnified.reviews/BusinessGold ---------- 📊 Wealthfront Automated Investing ➤ First $5,000 Managed for FREE - https://magnified.reviews/Wealthfront ---------- 💵 Current Card ➤ Current | Modern Banking App - https://magnified.reviews/CurrentCard ---------- 📸 MY CAMERA GEAR ➤ My Camera: https://magnified.reviews/Camera ➤ My Microphone: https://magnified.reviews/Microphone ➤ My Lights: https://magnified.reviews/Lights So right off the bat, this card has no annual fee meaning you're paying absolutely nothing in order to get it. As far as the benefits that you're going to get from this card, they are pretty great especially in the first year and that's because discover is going to match all of the cashback that you earn in your first year of having this card. Now I know Discover does offer a travel version of this card where you earn points but that is not what we're talking about today and I'm specifically looking at the discover it cashback card. So for starters, you're going to earn unlimited 1% cashback on every single purchase and remember in your first year this is going to be matched at the end of the year so essentially you're earning 2% cashback on everything. On top of that, the big benefit comes from discovers 5% cashback on rolling categories. Now I have heard so many people complain about these rolling categories and say that it's so confusing and complicated and I am here to tell you from first-hand experience that that is completely not true. Is there a new category to earn 5% every quarter, yes, do you need to activate that category in order to earn 5%, yes, is it unbelievably confusing and time-consuming in order to activate, absolutely not. Now speaking of that 5% let's talk about those categories because they're also not nearly as confusing as some people say. As you can see, from January to March, you will earn 5% cashback at grocery stores, Walgreens, in CVS. From April to June you'll earn 5% back at Home Depot, gas stations, Uber, lift, and wholesale clubs like Sam's Club. July to September you're going to earn 5% back at all the restaurants and all PayPal purchases which is basically anything you buy on the Internet nowadays. And this is completely true or at least it was true like 15 years ago. I mean no discover is not quite as widely accepted as Visa and MasterCard however in the two years I've had my discover it card, I have never once gone to pay for something and had them tell me oh sorry we don't take discover. Well as with any credit card, there is an interest rate which in this case is variable between 11.99% to 22.99% however this should be absolutely, completely, and utterly irrelevant to you since if you're looking to get a credit card and you watch my channel, then you should know to never ever carry a balance on this credit card or any other credit card for that matter. Some other great features I love is that there are no late payment fees, no foreign transaction fees, Social Security in fraud monitoring, free FICO score updates, and of course that amazing 24/7 US-based customer service that I have praised in a number of other videos some of which had nothing to do with discover in any way. Their customer service is absolutely amazing and by far the best of any company I have ever had to deal with. They have always answered the phone immediately got my question answered, and typically throw in another benefit like raising my credit limit. Music from Storyblocks Audio Magnified Money may receive compensation for sending traffic to partnered sites. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired.