It really boils down to simple math. And, the cash match bonus makes it an especially strong card for gas and restaurant purchases for the first year. By providing my email address, I agree to CreditCards.com’s The quarterly adjusting 5% on the it card sounds interesting with 1% back rest of the year. The business card offered is the Discover it® Business Card. Earn 1-percent cash back on non-bonus category spending. 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® 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. Redeem your rewards for cash in any amount. 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. 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. However, we may receive compensation when you click on links to products from our partners. First of all, the 5% bonus is not unlimited. 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. The editorial content on this page is based solely on the objective assessment of our writers and is not driven by advertising dollars. 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. Get essential reads every week with our newsletter. Finally, you may want to consider available sign-up bonuses before choosing a cash back card. 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. All Rights Reserved. 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. 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. But I began setting reminders on my phone each quarter to activate my bonus, which has helped. 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 … iPhone is a trademark of Apple Inc., registered in the U.S. and other countries. But also find the 2% all year on Food/Gas, with no quarterly adjustments, for the it Chrome to be catching my eye. We estimate that the average cardholder can earn 1.1% back with this card, for an average of $175 cash back per year (note, your rewards rate may be higher if you tend to spend more than average in the rotating categories): For the average consumer, the Discover it chrome works much better as a stand-alone card. Reward Program 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. You’ll earn the 5% cash back rate on up to the first $1,500 spent on bonus category purchases each quarter. CreditCards.com does not include the entire universe of available financial or credit offers. to maintain accurate information. 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 … If it's your only cash back card, or you use it mainly for gas and/or restaurants, then the chrome is the better pick. Your APR will be determined based on your credit at the time of application. The Discover it® chrome is a cash-back reward credit card with no annual fee. 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 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. Discover Open Road Card vs. 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. Reasonable efforts are made Just a heads up that for the first year disco cash back is actually 10%. Power rankings for customer satisfaction – that on its own may be sufficient reason to sign up for the cards. See the online credit card applications for details about the terms and conditions of an offer. So if you’re worried about missing an activation window for bonus categories, a phone reminder could help. Tracy Kerscher-Brackman 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. 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. 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 … Discover it chrome Card. By … Privacy Policy, Essential news and expert tips in your inbox every week. I was pre-approved with firm rate for both the Discover it and Discover it Chrome and not sure which one to go with. The Discover it® Student Cash Back is one of the most rewarding student credit cards. Plus, cardholders earn unlimited 1% cash back … Here’s a list of features and benefits that these cards share. 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. For example, the Citi® Double Cash Card offers up to 2% cash back on all purchases: 1% when you buy and 1% when you make your payment, all with no spending cap. 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. 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. Here are my favorites. As for the chrome, there are cards better than or equal to 2% with better perks. 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. Using the cards together can yield even more cash back. The Discover it chrome card awards 2% cash back at gas stations and restaurants up to $1,000 in combined purchases per quarter, and 1% cash back on all other purchases. Tracy Kerscher-Brackman. 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. Your credit cards journey is officially underway. Downsides: You have to remember to activate the categories each quarter, so this is not a card for people who prefer simplicity. It has rolling 5% cash back, and it can be on some cool stuff that would be more useful. 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. Winner: Discover it® Student chrome Card. That's why we provide features like your Approval Odds and savings estimates. 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. Discover currently matches all the cash back … 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. Reward Program App Store is a service mark of Apple Inc. By providing my email address, I agree to CreditCards.com’s Copyright © 2021 CreditCards.com a Red Ventures Company. 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%. 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. It's great for Cash Back and All Rewards. The card offers 2% cash back on gas station and restaurant purchases on up to $1,000 spent in combined purchases each quarter (1% after that), and 1% cash back on all other purchases. The Discover it® Student chrome comes with the same features as Discover it® Student Cash Back listed below, only the rewards are calculated differently. These offers are no longer available on our site: Wells Fargo Propel American Express® card, Capital One® QuicksilverOne® Cash Rewards Credit Card. Earn 2% cash back in popular categories. Credit Karma® is a registered trademark of Credit Karma, LLC. © 2007–2021 Credit Karma, LLC. Upsides: Simplicity. Discover it® Chrome Gas & Restaurant Card. If you apply for a credit card, the lender may use a different credit score when considering your application for credit. Discover it® chrome doesn’t have rotating bonus categories. We think it's important for you to understand how we make money. The Discover it Chrome has a low interest rate, no annual fee, and an average redemption value compared to similar cards. Redemption flexibility is something else you’ll want to consider. DISCOVER IT CASH BACK VS DISCOVER IT CHROME: REWARDS. 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. Read on to see why: The Discover it Cash Back is a good no-annual-fee cash back card with a generous 5% bonus rate for quarterly rotating categories. 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. 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. 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. 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. In other words, for most consumers, the card is not ideal as a stand-alone card. Instead, it offers a much simpler rewards system. After that, you’ll earn 1% cash back on purchases in those categories. 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 … You will not lose any of your rewards. Get an unlimited dollar-for-dollar match of all the cash back you've earned at the end of your first year, automatically. Auto, homeowners, and renters insurance services offered through Credit Karma Insurance Services, LLC (dba Karma Insurance Services, LLC; CA resident license #0172748). The Discover it chrome is a gas and restaurant card – it offers the same 2% bonus on restaurant and gas purchases (up to $1,000 in spending per quarter) throughout the year, with no rotating categories to enroll in. Card Comparisons For cardholders who prefer one easy card that they can use for all their spending, the Discover it chrome is the better choice. At the top of the totem are the Chase Freedom Flex and Chase Freedom Unlimited cards. 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. We are continually improving the user experience for everyone, and applying the relevant accessibility guidelines. The card targets users aiming to earn money back on their gas station and restaurant purchases. Discover it Chrome. WalletHub’s editors give Discover it Student chrome 4.3 / 5. But they award Discover it Student Cash Back 4.7 / 5. How good are your grades? The Discover it Cash Back is a rotating categories card that offers a 5% bonus on a different category each quarter that you must enroll (on up to $1,500 in spending per quarter, then 1%). However, we do receive compensation when you click on links to products from our partners. Basically, Chase cards are the ultimate cards for rewards maximizers. All Rights Reserved. CreditCards.com is an independent, advertising-supported comparison service. Chrome is still a good card but you can find better. Here’s what you need to know. 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. 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. As mentioned above, the two cards are very similar in structure. 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. Many issuers revamped their cards to offer even more enticing rewards in 2018. Or you may want to choose a flat-rate cash back card like the Citi® Double Cash Card or the Capital One® QuicksilverOne® Cash Rewards Credit Card. is a former CreditCards.com products writer. If you know you're going to get a 3.0 for the next 2-3 semesters, that's a good 60 bucks ensured with that card, so that leans towards the chrome card. The money we make helps us give you access to free credit scores and reports and helps us create our other great tools and educational materials. It has not been provided or commissioned by the credit card issuers. 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. However, all credit card information is presented without warranty. 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. The only difference between the Discover it chrome and the Discover it® Cash Back ( Review) are the rewards. 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, Inc. and Credit Karma Offers, Inc. are not registered by the NYS Department of Financial Services. The Discover it Chrome has a low interest rate, no annual fee, and an average redemption value compared to similar cards. These two cards have more in common than they do differences. Plus, earn unlimited 1% cash back … 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. Product name, logo, brands, and other trademarks featured or referred to within Credit Karma are the property of their respective trademark holders. By providing my email address, I agree to CreditCards.com’s Fact checked. 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. Despite all the ways that these cards are similar, they do have a few important differences. That means, for new card members, that 5% category bonus is essentially a 10% bonus. I’ve personally found rotating bonus categories to be hard to keep track of. Discover it Cash Back gives 5% cash back up to a quarterly maximum spent in bonus categories that change each quarter and require activation. The Chase AARP card offers unlimited 3% cash back on restaurant and gas purchases. The Discover it® Cash Back and Discover it® chrome are both good cash back cards that appeal to different types of cardholders. Your existing Cashback Bonus balance will be transferred to your new Discover it ® Miles account. 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. 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. See related: Chase Freedom Flex vs. CreditCards.com credit ranges are derived from FICO® Score 8, which is one of many different types of credit scores. Compensation may factor into how and where products appear on our platform (and in what order). Still need help deciding which cash back credit card is better? ADVERTISER DISCLOSURE CreditCards.com is an independent, advertising-supported comparison service. When you click on However, the cards have a very different structure to their cash back programs. The Discover it Cash Back features 5% cash back in bonus categories that change quarterly (up to $1,500 spent per quarter, then 1%; activation required). 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. 1. 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. 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%. The offers for financial products you see on our platform come from companies who pay us. the "Apply Now" button, you can review the credit card terms and conditions on the issuer's web site. Credit Karma Mortgage, Inc. NMLS ID# 1588622 |, Credit Karma Offers, Inc. NMLS ID# 1628077 |. Editorial Note: Credit Karma receives compensation from third-party advertisers, but that doesn’t affect. 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. Earn 1% cash back on all other purchases. Sometimes I’ll forget to activate my bonus until a month or two into the quarter. 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. 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. The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. The Discover it® Student chrome card is a good option for students to learn how to handle credit. Basically, Chase cards are the ultimate cards for rewards maximizers. 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. Discover it Student chrome: Earn 2-percent cash back on gas and dining on up to $1,000 in combined purchases each quarter. I have the cashback and get as many x5 cards as i can. 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. The Equifax logo is a registered trademark owned by Equifax in the United States and other countries. The best part: The card matches all your cash back in the first year of membership. CREDIT KARMA OFFERS, INC. 1100 Broadway, STE 1800 Oakland, CA 94607 The total amount repayable will be $6,767.64. Discover it Cash Back vs. 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. With the Chrome card, cardholders earn 2% cash back on purchases at gas stations and restaurants (on up to $1,000 in combined purchases each quarter), and 1% cash back on … Keep an eye on your inbox—we’ll be sending over your first message soon. Discover it chrome always gives 2% cash back on your first $1,000 spent on gas and restaurant purchases per quarter. Advertiser Disclosure, by 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. Unlike its counterpart, the Discover it® Cash Back, the rewards categories don’t rotate each quarter. 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. Here’s the schedule of bonus categories for 2020. 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. This date indicates our editors’ last comprehensive review and may not reflect recent changes in individual terms. 11.99% - 22.99% Variable APR vs 12.99% - 21.99% Variable APR APR. 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. Subscribe to get the week’s most important news in your inbox every week. If you use the Discover it Cash Back for its 5% bonus categories and rotate in the Discover it chrome the rest of the time, including when gas and restaurant purchases are out of season for the Discover it Cash Back, you can earn a much higher rewards rate. 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. Discover it® Student Cash Back vs Discover it® Student chrome. Earn 1-percent cash back on all other purchases. Citi Costco vs. There are a couple of important things to note about how the Discover it® Cash Back bonus categories work. This quarter is Amazon and Target, other quarters are gas, groceries, etc. In this example, you will receive $5,700 and will make 36 monthly payments of $187.99. Privacy Policy. CreditCards.com does not include the entire universe of available financial or credit offers.CCDC has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover. If you don’t, you’ll earn only 1% cash back for bonus category purchases. Use our review of the Discover it Cash Back Vs. the Citi® Double Cash Card to choose the best cash back option. And we’ll automatically match all the cash back you’ve earned at … However, if you are trying to earn the most cash back possible, you should be aware that the Discover cards have a lot of competition. Cardholders who are willing to go that extra mile and follow Discover’s cash back calendar will be paid off with substantial earnings on very lucrative categories such as gas station and restaurant purchases. Discover it chrome, Blue Cash Everyday® Card from American Express, Chase Freedom Flex vs. If you have specific questions about the accessibility of this site, or need assistance with using this site, contact us. That’s $500 less than the spending cap on the Discover it® Cash Back. However, our response to the question “which card is best” is to offer an additional question: Why not get both? 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. The offers that appear on this site are from companies from which CreditCards.com receives compensation. You will receive 1 mile for every 1 cent of Cashback Bonus you have … Only mortgage activity by Credit Karma Mortgage, LLC., dba Credit Karma is licensed by the State of New York. Privacy Policy. Please review our list of best credit cards, or use our CardMatch™ tool to find cards matched to your needs. Upsides: 5% rotating bonus on popular categories such as gas stations and restaurants and a generous sign-up bonus that matches all your cash back in the first year. The offers that appear on this site are from companies from which CreditCards.com receives compensation. But since we generally make money when you find an offer you like and get, we try to show you offers we think are a good match for you. It's great for Cash Back and All Rewards. Since gas and restaurant purchases are two of the largest spending categories, the card’s overall rewards rate is high. This compensation may impact how and where products appear on this site, including, for example, the order in which they appear within listing categories. Find rates, fees, and rewards to help decide. California loans arranged pursuant to Dep't of Business Oversight Finance Lenders License #60DBO-78868. It's pretty simple, actually. There’s nothing necessarily wrong with either type of sign-up bonus, but you’ll want to consider which kind appeals most to you. Other factors, such as our proprietary website's rules and the likelihood of applicants' credit approval also impact how and where products appear on the site. You may even want to consider using it in tandem with the Chase Freedom Flex℠, since Chase’s 5% cash back on quarterly bonuses may be in different categories. Earn $200 back after you spend $1,000 in purchases on your new Card within the first 3 months. Learn more about our advertising policy. 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. 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. Chase Freedom Flex℠ — another popular card that offers 5% cash back on rotating bonus categories — uses this “activation” method as well. If you don’t mind keeping up with rotating categories, then you can earn a lot more each year with the Discover it® Cash Back card. Credit Karma is committed to ensuring digital accessibility for people with disabilities. Other cash back cards offer a flat sign-up bonus if you reach the minimum spending requirement (usually within a three-month span). Also, cardholders must “activate” their bonus categories each quarter in order to earn the 5% cash back rate. 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.

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