If you read our blog regularly then you probably know that we like to see small business owners treat their credit as an asset. That means protecting, preserving, and improving your personal and business credit as you grow your business. You might be asking how a Discover it Card review has anything to do with that? One aspect of treating your credit as an asset which is often overlooked is having a healthy amount of available credit on your personal credit profile. I’m a big fan of the Discover it personal credit card for a variety of reasons. Credit Cards Done Right did a really good breakdown of that recently.
Before you check out the blog it’s best to first understand how much available credit you should have. Check out the 3 part blog series we did on this a couple years ago here.
Then look at the benefits of this credit card here. The blog about the Discover it Card review is a good one to check out. I obviously love that they showed why this personal credit card is very different and unique. It’s not the only credit card that gives you a real, true FICO score but they are one of the few that will give you the credit score that matters.
Additionally, you won’t get a customer service rep in a country far away. And the 6th benefit they mention is one that is probably pretty important. You can pay right up to midnight on your due date and not be late. Most credit card companies would count you as late if you paid your bill on their website at 11pm on the due date.
So you can read their Discover it Card review and see the rest of the story. But remember this in context. Having a good and healthy amount of available credit is a wise credit strategy for most small business owners. According to John Ulzheimer, the country’s #1 credit expert and a frequent “expert witness” in credit-related lawsuits, having over $100,000 in available personal credit (revolving credit) is a common trait of people in what he calls the “800 club.” The “800 club” are people with FICO scores of 800 and higher.
If you don’t have $100,000 or more of available credit and if you would like to work toward the “800 club” then you may want to read the review on the Discover it Card we mentioned above. It’s one of the better personal cards out there and it’s surely a worthy member of your mix of credit cards if you want to grow your available credit and increase your FICO scores.
Discover photo credit here