Green Light
Proceed through a Green Light without hesitation, would get any card identified with a green light without giving it a second thought. All these are elite Credit Cards
Yellow Light
Proceed through a Yellow Light with hesitation but still run a yellow 9/10 times, would get any card identified with a yellow light but think twice or take a step back before applying
Red Light
Proceed through a Red Light with a good reason (wife’s about to give birth) would only get a card identified with a red light for a GOOD reason (going on a cruise or need to build your credit)
DISCOVER IT CASH BACK
Yellow Light
-If you’re forced to get a Discover Card, make it this one
-No annual fee
-0% intro APR for 14 months
Pros:
-No annual fee
-No foreign transaction fees
-Earn 5% cash back on a different category each quarter up to $1,500 in purchases
-At the end of the first year of cardmembership discover will give you an unlimited dollar-for-dollar match on all the cash back you’ve earned
-0% intro APR on purchases and balance transfers for 14 months
Cons:
-If you cancel the card you loose your cash back
-1% cash back on all other purchases outside the quarterly spend category (really 2% the first year)
-Balance transfers made within 3 months of account opening will be charged a 3% fee and 0% APR any balance transfer after will be a 5% fee and a variable APR from 11.99%-22.99%
-If you max out the 5% cash back category each category you’ll receive ($300 x 2) $600 cash back for the first year on $6,000 of spend. Only a 10% return on your intro card spend
NHL DISCOVER IT
Yellow Light
-Or make it this one if you love Puck
-No annual fee
-0% intro APR for 14 months
Pros:
-No annual fee
-No foreign transaction fees
-Earn 5% cash back on a different category each quarter up to $1,500 in purchases
-At the end of the first year of cardmembership discover will give you an unlimited dollar-for-dollar match on all the cash back you’ve earned
-0% intro APR on purchases and balance transfers for 14 months
Cons:
-If you cancel the card you loose your cash back
-1% cash back on all other purchases outside the quarterly spend category (really 2% the first year)
-Balance transfers made within 3 months of account opening will be charged a 3% fee and 0% APR any balance transfer after will be a 5% fee and a variable APR from 11.99%-22.99%
-If you max out the 5% cash back category each category you’ll receive ($300 x 2) $600 cash back for the first year on $6,000 of spend. Only a 10% return on your intro card spend
DISCOVER IT BUSINESS CREDIT CARD
Yellow Light
-OK return on spend for a Business Card
-No annual fee
-0% intro APR for 14 months
Pros:
-No annual fee
-No foreign transaction fees
-At the end of the first year of cardmembership discover will give you an unlimited dollar-for-dollar match on all the cash back you’ve earned
-3% cash back for every $1 spent in the first year
-0% intro APR on purchases for 14 months
Cons:
-If you cancel the card you loose your cash back
-1% cash back on all other purchases outside the quarterly spend category (really 2% the first year)
-1.5% cash back for every $1 spent after the first year
-No intro bonus miles, just get your cash back doubled at the end of the year
DISCOVER IT SECURED
Pink Light
-Secured Credit Card with cash back
-No late fees
-No annual fee
-Best Secured card in the market
Pros:
-No annual fee
-No foreign transaction fees
-No late fee on your first late payment
-2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter (great for a secured credit card)
-At the end of the first year of cardmembership Discover will give you an unlimited dollar-for-dollar match on all the miles you’ve earned
-Best Secured Credit Card on the market
Cons:
-If you cancel the card you loose your cash back
-Have to put up a refundable security deposit in the amount of your approved credit limit
DISCOVER IT MILES
Red Light
-Would only get a Discover Card to take advantage of 0% APR or build credit
-No annual fee
-0% intro APR for 14 months
Pros:
-No annual fee
-No foreign transaction fees
-3 miles for every $1 spent in the first year
-At the end of the first year of cardmembership Discover will give you an unlimited mile-for-mile match on all the miles you’ve earned
-Redeem miles for a statement credit on travel or get cash
-0% intro APR on purchases for 14 months
Cons:
-If you cancel the card you loose your miles
-1.5 miles for every $1 spent after the first year
-No intro bonus miles, just get your earned miles double at the end of the year
DISCOVER IT CHROME GAS AND RESTAURANT
Red Light
-Would only get a Discover Card to take advantage of 0% APR or build credit
-No annual fee
-0% intro APR for 14 months
Pros:
-No annual fee
-No foreign transaction fees
-At the end of the first year of cardmembership Discover will give you an unlimited dollar-for-dollar match on all the miles you’ve earned
-Redeem miles for a statement credit on travel or get cash
-0% intro APR on purchases and balance transfers for 14 months
Cons:
-If you cancel the card you loose your miles
-2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter (if you max this out every year you get $80, x2 year one, in cash back, if you max out the same spend category on the cash back card you earn $75 in a quarter)
-1% cash back on all other purchases
-Balance transfers must be made within 3 months of account opening
DISCOVER IT STUDENT CASH BACK
Red Light
-Would only get a Discover Card to take advantage of 0% APR or build credit
-No annual fee
-0% intro APR for 6 months
Pros:
-No annual fee
-No foreign transaction fees
-Earn 5% cash back on a different category each quarter up to $1,500 in purchases
-At the end of the first year of cardmembership Discover will give you an unlimited dollar-for-dollar match on all the miles you’ve earned
-Good Grade Reward – get a $20 statement credit each school year your GPA is a 3.0 or higher
-0% intro APR on purchases for 6 months
Cons:
-If you cancel the card you loose your cash back
-1% cash back on all other purchases outside the quarterly spend category (really 2% the first year
-If you max out the 5% cash back category each category you’ll receive ($300 x 2) $600 cash back for the first year on $6,000 of spend. Only a 10% return on your card spend
DISCOVER IT CHROME FOR STUDENTS
Red Light
-Would only get a Discover Card to take advantage of 0% APR or build credit
-No annual fee
-0% intro APR for 6 months
Pros:
-No annual fee
-No foreign transaction fees
-Earn 5% cash back on a different category each quarter up to $1,500 in purchases
-At the end of the first year of cardmembership Discover will give you an unlimited dollar-for-dollar match on all the miles you’ve earned
-Good Grade Reward – get a $20 statement credit each school year your GPA is a 3.0 or higher
-0% intro APR on purchases for 6 months
Cons:
-If you cancel the card you loose your cash back
-2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter (if you max this out every year you get $80 in cash back, if you max out the same spend category on the cash back card you earn $75 in a quarter)
-1% cash back on all other purchases