But also find the 2% all year on Food/Gas, with no quarterly adjustments, for the it Chrome to be catching my eye. Here’s the schedule of bonus categories for 2020. Keep an eye on your inbox—we’ll be sending over your first message soon. The Discover it® chrome offers 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter, then 1%. Discover it® Chrome Gas & Restaurant Card. Get an unlimited dollar-for-dollar match of all the cash back you've earned at the end of your first year, automatically. When paired with the Freedom Unlimited card – which offers at least 1.5% cash back on every purchase – you can earn a much higher cash back rate than with the Discover cards paired together, plus you can transfer the rewards that you earn on the cards to other Ultimate Rewards cards, including the Chase Sapphire Preferred and Chase Sapphire Reserve cards, to redeem for travel rewards. If you’re passionate about maximizing your cash back–earning potential and don’t mind juggling multiple cards — if it means more cash in your pocket — then the Discover it® Cash Back could be a great card to add to your wallet. First of all, the 5% bonus is not unlimited. Still need help deciding which cash back credit card is better? With cash back earned in popular everyday spending categories and no annual fee, the Discover it® chrome card has evolved into a market leader for cash back incentives. Basically, Chase cards are the ultimate cards for rewards maximizers. Earn 2% cash back in popular categories. It's great for Cash Back and All Rewards. Discover currently matches all the cash back … Reward Program Both the Cash Back and chrome feature the Cashback Match™ bonus, meaning Discover will match all the cash you’ve earned at the end of your first year of card ownership. CREDIT KARMA OFFERS, INC. 1100 Broadway, STE 1800 Oakland, CA 94607 Finally, if you are looking for the ultimate cash back card to use for all your spending, you should check out the Citi Double Cash Card, which offers up to 2% cash back on every purchase – 1% when you make the purchase and 1% when you pay your statement on time. By providing my email address, I agree to CreditCards.com’s Plus, cardholders earn unlimited 1% cash back … If you max out the Discover it® chrome’s gas and restaurant bonus categories each quarter, you’d earn an annual total of $80 in cash back. Fact checked. Basically, Chase cards are the ultimate cards for rewards maximizers. These offers are no longer available on our site: Wells Fargo Propel American Express® card, Capital One® QuicksilverOne® Cash Rewards Credit Card. So your cash back bonus must reach over $120 in order to match the bonus rewards, and you have a limit of $1,000 per quarter. Other cash back cards offer a flat sign-up bonus if you reach the minimum spending requirement (usually within a three-month span). the "Apply Now" button, you can review the credit card terms and conditions on the issuer's web site. Because some people don't want to have to keep track of bonus categories that change throughout the year, the Discover it Chrome was introduced. Introductory Bonus Cash Back: Discover will match all the cash back you've earned at the end of your first year (only for new cardmembers). You’ll earn the 5% cash back rate on up to the first $1,500 spent on bonus category purchases each quarter. Auto, homeowners, and renters insurance services offered through Credit Karma Insurance Services, LLC (dba Karma Insurance Services, LLC; CA resident license #0172748). (Note: You must wait 12 months from when you were first approved to apply for a second Discover card.). If you have specific questions about the accessibility of this site, or need assistance with using this site, contact us. Privacy Policy. While the cash back match that the Discover cards offer could be considered a valuable sign-up bonus, you have to spend more to earn more. Sometimes I’ll forget to activate my bonus until a month or two into the quarter. Discover Open Road Card vs. Downsides: You have to remember to activate the categories each quarter, so this is not a card for people who prefer simplicity. Earn 1-percent cash back on all other purchases. For cardholders who prefer one easy card that they can use for all their spending, the Discover it chrome is the better choice. The Chase AARP card offers unlimited 3% cash back on restaurant and gas purchases. Credit Karma® is a registered trademark of Credit Karma, LLC. Of course, the offers on our platform don't represent all financial products out there, but our goal is to show you as many great options as we can. It has not been provided or commissioned by the credit card issuers. © 2007–2021 Credit Karma, LLC. That would bring the max bonus cash back you could earn with the Discover it® Cash Back card up to $600 and up to $160 for the Discover it® chrome — a $440 difference. Please review our list of best credit cards, or use our CardMatch™ tool to find cards matched to your needs. WalletHub’s editors give Discover it Student chrome 4.3 / 5. But if you want a credit card that you can “set and forget,” a flat-rate cash back card might be a better choice for you. It has rolling 5% cash back, and it can be on some cool stuff that would be more useful. Discover it Cash Back gives 5% cash back up to a quarterly maximum spent in bonus categories that change each quarter and require activation. Tracy Kerscher-Brackman. Where they differ, though, is the cashback rate — the Discover it® Student Cash Back earns accelerated cash back on rotating categories each quarter, while the Discover it® Chrome for Students earns … The card requires a bit of maintenance, since you must remember to activate the categories at the beginning of each quarter to earn the 5% bonus. Your actual rate depends upon credit score, loan amount, loan term, and credit usage and history, and will be agreed upon between you and the lender. The Freedom Flex not only offers  5% cash back in rotating categories, like the Discover it Cash Back (on up to $1,500 in spending per quarter, then 1%), but also comes with year-round bonus categories: You’ll earn 5% back on Ultimate Rewards travel bookings and 3% back on restaurant and drugstore purchases. The Discover it chrome has the same cash match bonus as the Discover it Cash Back, which raises your cash back rate on gas and restaurant purchases to essentially 4% in the first year. Discover it Chrome: Pricing information including interest rates, rewards, benefits and fees was obtained on April 1, 2020 from published websites and is believed to be accurate, but not guaranteed. Discover it Cash Back vs. This date indicates our editors’ last comprehensive review and may not reflect recent changes in individual terms. Card Comparisons Please call Member Support at 833-675-0553 or email legal@creditkarma.com, Offers provided to customers who originated via a paid Google or Bing advertisement feature rate quotes on Credit Karma of no greater than 35.99% APR with terms from 61 days to 180 months. Earn $200 back after you spend $1,000 in purchases on your new Card within the first 3 months. Credit Karma Offers, Inc. 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If you don’t, you’ll earn only 1% cash back for bonus category purchases. As mentioned above, the two cards are very similar in structure. Copyright © 2021 CreditCards.com a Red Ventures Company. Power rankings for customer satisfaction – that on its own may be sufficient reason to sign up for the cards. Meanwhile, an array of cards pay 1.5% cash back on every purchase, which, depending on your spending, might well generate more in total rewards than the Discover it® chrome. Reasonable efforts are made You will receive 1 mile for every 1 cent of Cashback Bonus you have … I have the cashback and get as many x5 cards as i can. The difference in earning power though becomes more apparent when you take into account the cash back match that both cards offer after your first year. While the Discover it® Cash Back offers unlimited 1% cash back on all purchases, cardholders are able to earn 5% cash back in bonus rotating categories, which change on a quarterly basis. Discover it Student chrome: Earn 2-percent cash back on gas and dining on up to $1,000 in combined purchases each quarter. is a former CreditCards.com products writer. The offers that appear on this site are from companies from which CreditCards.com receives compensation. California loans arranged pursuant to Dep't of Business Oversight Finance Lenders License #60DBO-78868. Privacy Policy. The cash back match for the Discover it® Cash Back card could exceed the $200 bonuses offered by the Chase Freedom Flex℠ and Chase Freedom Unlimited®, depending on your spending activity. Reward Program The Equifax logo is a registered trademark owned by Equifax in the United States and other countries. Upsides: Simplicity. For instance, while both of the Discover cards have no minimum amounts for cash back redemption, some cards, like the Wells Fargo Propel American Express® card, have higher cash redemption minimums. However, we may receive compensation when you click on links to products from our partners. Downsides: The card caps its bonus categories at $1,000 in purchases per quarter – that’s a fairly low cap, which we estimate most cardholders could easily hit with their gas and restaurant purchases. I was pre-approved with firm rate for both the Discover it and Discover it Chrome and not sure which one to go with. Subscribe to get the week’s most important news in your inbox every week. We think it's important for you to understand how we make money. If you spend a lot of money on gas and eating out, or if you value simplicity, this card may sound more appealing to you. If you have another card you use for everyday purchases, or you have a 2% cashback Quicksilver or PayPal Mastercard, you're better off using Disco … Despite all the ways that these cards are similar, they do have a few important differences. Credit Karma is committed to ensuring digital accessibility for people with disabilities. Instead, you may be better off choosing a card that offers a bigger bonus on gas and restaurant purchases, such as the Wells Fargo Propel American Express® card, which offers an unlimited three points for each $1 spent on both of those categories — and more. When you’re applying for a cash back card, you need to consider how much time, thought and effort that you can put into your rewards strategy. Many issuers revamped their cards to offer even more enticing rewards in 2018. Chase Freedom Flex℠ — another popular card that offers 5% cash back on rotating bonus categories — uses this “activation” method as well. Since the card offers bonuses in categories where people tend to spend a lot of money – restaurants and gas – you can stick to using this as a general card for all your purchases without having to worry about juggling cards or managing rotating categories. I’ve personally found rotating bonus categories to be hard to keep track of. We are continually improving the user experience for everyone, and applying the relevant accessibility guidelines. However, our response to the question “which card is best” is to offer an additional question: Why not get both? Just a heads up that for the first year disco cash back is actually 10%. In other words, for most consumers, the card is not ideal as a stand-alone card. All Rights Reserved. The editorial content on this page is based solely on the objective assessment of our writers and is not driven by advertising dollars. When you click on As mentioned – though the Discover it Cash Back offers a large 5% bonus on certain categories of spending, when we look at the percentage that the average consumer spends in those categories averaged out over four quarters, the overall rewards rate on the card is low. There are a couple of important things to note about how the Discover it® Cash Back bonus categories work. Discover it Cash Back, The editorial content below is based solely on the objective assessment of our writers and is not driven by advertising dollars. Discover it Chrome. The only difference between the Discover it chrome and the Discover it® Cash Back ( Review) are the rewards. Also, cardholders must “activate” their bonus categories each quarter in order to earn the 5% cash back rate. The Blue Cash Everyday® Card from American Express, for instance, offers a 3% cash back rate on U.S. supermarket purchases with a very high cap of $6,000 per year (1% thereafter), plus unlimited 2% cash back rate on U.S. gas station purchases, for an overall average rewards rate of 1.64% per year – much higher than the Discover it chrome’s 1.29% average rewards rate. And, while the card’s 2% cash back on restaurants and gas is nice, we warrant that you can find cards with even bigger bonuses on these categories with higher spending limits, as well as cards that offer unlimited 2% cash back on all your spending. Of the two cards, the Discover it® Cash Back card is the clear earner, but it may not be the better option if you don’t like keeping up with rotating categories. Only mortgage activity by Credit Karma Mortgage, LLC., dba Credit Karma is licensed by the State of New York. 1. But instead of deciding which card is best for you, why not get both? CreditCards.com does not include the entire universe of available financial or credit offers. The Discover it® Student chrome card is a good option for students to learn how to handle credit. Using the cards together can yield even more cash back. They’re both good cash back cards that offer their own unique advantages and appeal to different types of cardholders. But even if that’s the case, we’re still not sure that the Discover it® chrome would be a good option compared to other cards out there. With Discover it ® Chrome, you automatically earn 2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter. DISCOVER IT® CHROME REWARDS . All Rights Reserved. CreditCards.com credit ranges are derived from FICO® Score 8, which is one of many different types of credit scores. But they award Discover it Student Cash Back 4.7 / 5. The Discover it® Cash Back and Discover it® chrome are both good cash back cards that appeal to different types of cardholders. And, the cash match bonus makes it an especially strong card for gas and restaurant purchases for the first year. Discover it® chrome: Earn cash back on your next road trip with 2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter. Winner: Discover it® Student chrome Card. That's why we provide features like your Approval Odds and savings estimates. Compensation may factor into how and where products appear on our platform (and in what order). This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within listing categories. The difference comes mainly from the higher earning potential of Discover it Student Cash Back if you can take full advantage of its bonus categories. Discover it® Student Cash Back vs Discover it® Student chrome. As for the chrome, there are cards better than or equal to 2% with better perks. Plus, earn unlimited 1% cash back … The Discover it Cash Back and Discover it chrome are good cash back cards from a company that values customer service and consistently scores near the top of J.D. The main difference between the two is that the Discover it® Student chrome offers high cash back rewards rate on a steady basis, whereas the Discover it® Student Cash Back provides a … The offers that appear on this site are from companies from which CreditCards.com receives compensation. You will not lose any of your rewards. Unlike the Discover it Cash Back, the restaurant and gas categories on the chrome card remain the same throughout the year, so you don’t have to worry about activating them. The consumer card line includes the Discover it® Cash Back, as well as the Discover it® Miles card — which replaced The Miles Card — and the Discover it® chrome card, which replaced The Gasoline Card. That’s $500 less than the spending cap on the Discover it® Cash Back. Learn more about our advertising policy. Instead, it offers a much simpler rewards system. With the Discover it® Cash Back card, if you were to max out your bonus categories each quarter, you could earn an annual total of $300. The business card offered is the Discover it® Business Card. We estimate that the average cardholder can earn cash back at a rate of 1.29% per year, for an average of $205 per year – $30 more than our estimate for the Discover it Cash Back. For example, you could receive a loan of $6,000 with an interest rate of 7.99% and a 5.00% origination fee of $300 for an APR of 11.51%. Discover it chrome always gives 2% cash back on your first $1,000 spent on gas and restaurant purchases per quarter. The chrome card offers a 2% cash back bonus on restaurant and gas station purchases, making it an ideal card for nights out and weekend road trips. App Store is a service mark of Apple Inc. Editorial Note: Credit Karma receives compensation from third-party advertisers, but that doesn’t affect. See the online credit card applications for details about the terms and conditions of an offer. By … However, we do receive compensation when you click on links to products from our partners. However, all credit card information is presented without warranty. These two cards have more in common than they do differences. Citi Costco vs. It really boils down to simple math. Plus, you don’t have to worry about dealing with rotating categories with the chrome card, which makes it a better choice for busy cardholders: Actually, it’s not a matter of “either/or” with the Discover it Cash Back and Discover it chrome cards. The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. And we’ll automatically match all the cash back you’ve earned at … The Discover it® Student chrome comes with the same features as Discover it® Student Cash Back listed below, only the rewards are calculated differently. Discover it® chrome: Discover Open Road Card: Earn 5% cashback bonus on the first $1,200 in annual gas and auto maintenance purchases, plus up to 1% unlimited cashback bonus on all other purchases. Also, if you prefer the 5% rotating categories on the Discover it Cash Back, there are a slew of cash back cards that can complement the Discover it Cash Back and offer a much higher rate of cash back than the Discover it chrome. The Discover it® chrome is a cash-back reward credit card with no annual fee. But keep in mind that the $1,000 spending cap is pretty low, especially when you consider that there are other cards with no spending caps. Discover it chrome, Blue Cash Everyday® Card from American Express, Chase Freedom Flex vs. DISCOVER IT CASH BACK VS DISCOVER IT CHROME: REWARDS. Of the two cards, the Discover it® Cash Back card is the clear earner, but it may not be the better option if you don’t like keeping up with rotating categories. These two student credit cards come with a $0 annual fee, a 0% intro APR period on purchases and cashback match to double all your cash back earned during your first year. Redemption flexibility is something else you’ll want to consider. The Discover it® Cash Back card offers the same annual fee, cashback match bonus, intro APR on purchases and balance transfers and benefits as the Discover it® chrome. If you feel like having to activate rotating bonus categories each quarter would be too much of a pain, the Discover it® Cash Back may not be the card for you. Since gas and restaurant purchases are two of the largest spending categories, the card’s overall rewards rate is high. Also, if you prefer the 5% rotating categories on the Discover it Cash Back, there are a slew of cash back cards that can complement the Discover it Cash Back and offer a much higher rate of cash back than … This quarter is Amazon and Target, other quarters are gas, groceries, etc. 11.99% - 22.99% Variable APR vs 12.99% - 21.99% Variable APR APR. Since the bonus categories on the cards are, for the most part, complimentary, you can use both cards together to earn even more cash back. Your APR will be determined based on your credit at the time of application. The Discover it Chrome has a low interest rate, no annual fee, and an average redemption value compared to similar cards. The Discover it® Student Cash Back is one of the most rewarding student credit cards. Also – when we look at how much an average consumer spends in each of the bonus categories and average that out with spending under the 1% rate – the overall cash back rate on the card is low. The Discover it Chrome has a low interest rate, no annual fee, and an average redemption value compared to similar cards. That’s because you’ll earn 5% cash back on up to $1,500 in combined purchases in rotating bonus categories, each quarter that you activate. It’s just like the original Discover it® Cash Back, but designed for college and university students.. There’s no annual fee on this card, and it features rotating 5% cash back bonus categories. The offers for financial products you see on our platform come from companies who pay us. We estimate that the average cardholder can net a 1.66% rewards rate by juggling the cards, for an average of $264 cash back per year – that’s $89 more than our estimate for the Discover it Cash Back by itself.