Difference Between Chase Freedom And Discover It Cash Back – 18 Points

1. If your spending is inline with bonus categories go for that card.
Go for discover it cash back if you are going to spend enough to make cash back match worth in first year.
Go for chase freedom if you are occasional card user and want up front sign up bonus.
Go for chase freedom if you have chase sapphire preferred or chase sapphire reserve card and you can convert cash in to miles. You will earn 25 % to 50% reward bonus.
Go for discover it cash back if you frequently shop online and want to use your card in foreign country where it is accepted.

2. Reward Rate:

Chase Freedom:

Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories each quarter.
Unlimited 1% cash back on all other purchases.

Discover It Cash Back:

5 percent cash back on rotating categories ($1,500 in purchases per quarter)
1 percent cash back on general purchases.

3. Sign-up bonus:

Chase Freedom:

Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening.

Discover It Cash Back:

Discover automatically matches all the cash back you earn at the end of your first year.

4. Annual Fee:

Chase Freedom:

$0

Discover It Cash Back:

$0

5. Foreign Transaction Fee:

Chase Freedom:

3%

Discover It Cash Back:

$0

6. Regular Apr:

Chase Freedom:

16.99% – 25.74% (V)

Discover It Cash Back:

14.24% – 25.24% (V)

7. Intro Apr:

Chase Freedom:

0% for purchase and balance transfer for 15 months

Discover It Cash Back:

0% for purchase and balance transfer for 14 months.

8. Cash APR:

Chase Freedom:

26.99% (V)

Discover It Cash Back:

27.24% (V)

9. Cash Advance Fee:

Chase Freedom:

5% Min $10

Discover It Cash Back:

5% Min $10

10. Balance Transfer Fee:

Chase Freedom:

3% intro balance transfer fee when you transfer a balance during the first 60 days your account is open, with a minimum of $5.

Discover It Cash Back:

3% intro balance transfer fee, up to 5% fee on future balance transfers.

11. Good For You:

Chase Freedom:

If you spend inline with 5% bonus categories.
If you want upfront sign up bonus.
If you are not going to use card for overseas purchases.
If you have premier chase travel credit card.

Discover It Cash Back:

If you spend inline with 5% bonus categories.
If you want to double your rewards in first year.
If you dont want to pay foreign transaction fee.
If you want free access to fico score.

12. Bad For You:

Chase Freedom:

If you travel overseas.

Discover It Cash Back:

If you want up front sign up bonus.

13. Chase 5 percent cash back calendar 2019:

Winter

Spring

Summer

Holiday

January – March

April – June

July – September

October – December

Gas stations

Drugstores

Tolls

Coming soon

Coming soon

Coming soon

14. Discover 5 percent cash back calendar 2019:

Winter

Spring

Summer

Holiday

January – March

April – June

July – September

October – December

Grocery stores

Gas stations

Uber

Lyft

Restaurants

Amazon.com

15. If you are an occasional card user sign up bonus in chase freedom is larger than discover it cash back.

16. Go with chase freedom if you can pair it with chase travel card. You will earn 25 percent to 50 percent rewards bonus.

17. Go with discover it cash back if you shop online during holidays.

18. Chase freedom is more widely accepted overseas than discover it cash back.

Discover It Cash Back Review With Pro And Cons

Chase Freedom Credit Card Review With Pros And Cons

Related Difference:

11 Difference Between Chase Sapphire Preferred And Discover It Cash Back

9 Difference Between Discover It Cash Back And Wells Fargo Cash Wise Visa Card

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