††Cash back rewards for compared cards: Citi Double Cash Card: 1% on purchases, 1% as you pay them. Each billing period, we will generally apply amounts you pay that exceed the Minimum Payment Due to balances with higher APRs before balances with lower APRs as of the date we credit your payment. We will apply payments at our discretion, including in a manner most favorable or convenient for us. Balance transfer fee: x% Intro fee on balances transferred by and up to x% fee for future balance transfers will apply. Cash advance fee: Either $10 or 5% of the amount of each cash advance, whichever is greater. Minimum interest charge: If you are charged interest, the charge will be no less than $.50.
Variable APRs will vary with the market based on the Prime Rate. Standard purchase APR: x% variable to x% variable, based on your creditworthiness. Intro Balance Transfer APR is x% for x months from date of first transfer, for transfers under this offer that post to your account by then the standard purchase APR applies. The Discover it chrome doesn’t offer any design options.* Intro purchase APR is x% for x months from date of account opening then the standard purchase APR applies. But the Discover it Cash Back offers imagery of popular hobbies and symbols, picturesque landscapes and your initials - or you can opt for a plain design in a color of your choice. It’s a small thing but very few credit cards allow you to choose a design, and when they do, there are only a handful of tepid designs. After that, the balance transfer fee increases to an exorbitant 5% (see terms). You can take advantage of the introductory balance transfer fee of 3% (see terms) - the standard rate on most balance transfer credit cards. This can help you finance a large purchase, finance an emergency expense or avoid interest while you pay down existing credit card debt.īoth cards also offer the same terms on balance transfers. You’ll get 15 months of 0% introductory interest on purchases and balance transfers, with a variable APR of 16.99% to 27.99% thereafter. Introductory APRīoth cards offer the same introductory APR, like the welcome bonus. Still, it’s one of the best welcome bonuses available in light of its unlimited potential.
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Essentially, Discover matches all of the cash back earned during your first year - but you’ll need to wait a full year to collect it. Though both cards offer the same potential welcome bonus in a vacuum, it’s ultimately best for whichever card’s rewards program fits your budget.Īll Discover cards feature an Unlimited Cashback Match as a welcome bonus (referred to as the Discover Match “Unlimited Bonus” with the Discover it® Miles* card). The best restaurant credit cards and best gas credit cards offer up to 5% back, and not all will cap your earnings. The Discover it chrome’s rewards program isn’t as competitive: It offers 2% cash back on gas stations and restaurants on up to $1,000 in combined purchases per quarter (then 1%), and 1% on all other purchases. Not a dealbreaker - Discover will send you an email reminder - but another thing to keep track of. The drawback to the Discover it Cash Back rewards program is that you have to manually activate the rewards category each quarter. Otherwise, you earn 1% on all other purchases. Through June 2023, you’ll earn 5% cash back on up to $1,500 of spending at restaurants and wholesale clubs. This makes rewards a bit unpredictable - though they typically include basics such as gas stations, grocery stores and purchases from popular retailers. The Discover it Cash Back will earn you 5% cash back on everyday purchases via the quarterly rotating category on up to $1,500 in spending per quarter (then 1%). And both offer benefits comparable to the best credit cards with no annual fee - a competitive rewards program, welcome bonus and introductory APR that will mitigate interest charges on purchases or balance transfers. You’ll pay the same annual fee for both cards: $0. That noted, the Discover it chrome may be the better choice for a specific audience - commuters looking for consistent reward rates on gas stations and restaurants, and those might prefer more simplicity and predictability. The Discover it® Cash Back* and Discover it® chrome* have many superficial similarities - no annual fees, no foreign transactions fees, an Unlimited Cashback welcome bonus, the same introductory APR - but entirely different rewards structures.įor most people, the Discover it Cash Back will offer greater rewards than the Discover it chrome because of the Discover it Cash Back’s flagship rotating rewards category.
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