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Chase Freedom® vs Discover it® - 18 Month Balance Transfer Offer

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Sign Up Bonus Earn a $150 Bonus after spending $500 on purchases in your first 3 months from account opening. Discover will automatically match all the cash back you earn at the end of your first year.*
Annual Fee $0 $0
Gas Rewards Details 5% in rotating categories
Best For Earning 5% cash back on purchases in popular rotating categories. Saving money on a balance transfer for 18 months.
Foreign Exchange Fee 3% of each transaction in U.S. dollars None
Balance Transfer Fee Either $5 or 5% of the amount of each transfer, whichever is greater 3%
Secondary Description

The Chase Freedom is an excellent cash back credit card that also offers a nice intro APR. With this card, you can earn a $150 Bonus after spending $500 on purchases in your first 3 months from account opening. For ongoing rewards, cardholders earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. You will enjoy new 5% categories every 3 months like gas stations, restaurants, and wholesale clubs. You also earn unlimited 1% cash back on all other purchases.

The cash back you earn with this credit card can be redeemed in the form of a statement credit. If you have the Chase Sapphire Preferred Card or the Ink Plus for Business, you can combine your rewards for great travel redemptions. There is no annual fee with this credit card, and there's an introductory APR of 0% for 15 months on both purchases and balance transfers. After the intro period is up, the ongoing APR will be 14.24% - 23.24% (variable) based on your creditworthiness.

The Discover it® Card is not only one of the most popular cash back credit cards on the market, but it also comes with an excellent balance transfer offer as well. Cardholders earn an unlimited 1% cash back on all purchases in addition to 5% cash back in certain rotating categories like gas, groceries, dining, and more. As a limited time offer, Discover will automatically match all of the cash back that cardholders earn in their first year after account opening!

For balance transfers, this card offers 18 months with 0% APR, so new cardholders have a year and a half to pay off their balance totally interest free. Also, there is 0% APR on new purchases for the first 6 months of card membership, and the ongoing APR is 11.24% - 23.24% based on your creditworthiness. Finally, cardholders will enjoy no annual fee, no foreign transaction fees, and Discover’s award winning customer service.

Card Details Chase Freedom® Credit Card Details Discover it® - 18 Month Balance Transfer Offer Credit Card Details

Comparison Summary

CompareCards: Chase Freedom Vs Discover It Showdown

This specific battle between the Chase Freedom and the Discover It cards is one of the most often asked about card comparisons we get. While a lot of the features are similar, like no annual fee and the 5% cash back on categories, there are differences that separate one card from the other. There are other similar cards like the Citi Double Cash Card and the BankAmericard Cash Rewards Credit Card. If you’re interested in a cash back credit card or want to try a lower risk card, these two are worth a consideration.

If you are planning to spend under $4,500 on your new cash back card the Freedom’s signup bonus outweighs the Discover it. If you plan on spending over that amount, consider getting the Discover It.

If you're planning to spend under $4,500 on your new cash back card the Chase Freedom’s signup bonus outweighs the Discover it. If you plan on spending over that amount, consider getting the Discover It.

Matchup: Chase Freedom Vs Discover It

Chase Ultimate Rewards vs Discover Deals Bonus Mall

  • Chase Ultimate Rewards online shopping is a great plus for the Freedom Card, there are high quality stores that offer 5-10% cash back when you use the Freedom card, and if the select items are part of the program. However, the Discover Deals bonus mall has nearly all of the same stores and then some. it also offers 10-25% cash back! Winner: Discover It

Chase Freedom 5% Categories vs Discover It 5% Categories

  • These are both very similar albeit at different times. Chase Freedom seems to have more choices and high end partnerships; the Discover It follows a more general sense. While it is nearly randomized stores, the Freedom tends to get a little too specific where you don’t have a wide array of stores to choose from, the Discover offers categories like department, movies, restaurants, ground transportation leaving it much more general. Winner: Discover It

Chase Freedom Usability vs Discover It Usability

  • While both of these are widely used in the States, Europe has some countries that don’t support Discover. Visa is a widely usable card so the Freedom wins this round.Winner: Chase Freedom

The Math Breakdown: Chase Freedom's Signup Bonus Vs Discover It's Double Cash Back your First Year Bonus

 

The differences: Chase Freedom offers $150 bonus when you spend $500. A static amount that can’t be influenced by how much you spend. The Discover It’s limited time offer of double cash back bonus requires you to spend $1,500 (only using 5% cash back categories) and $7,500(only using 1% cash back) which the average would be $4,500 and would be the breaking point between the Freedom and the Discover It. 

If you're planning to spend under $4,500 on your new cash back card the Chase Freedom’s signup bonus outweighs the Discover it. If you plan on spending over that amount, consider getting the Discover It.

Which Cash Back Credit Card is Better?

It depends on how you plan on utilizing the rewards but factoring in the major differences like the Ultimate Rewards vs Discover Deals and signup bonuses, the end result gives a slight edge to the Chase Freedom. The $150 sign up bonus makes is a very attractive bonus that the Freedom offers and in the end, it can’t be overlooked. While the Discover It Card has some great rewards, it doesn’t quite match the overall use of the Freedom Card. In this Matchup, the Chase Freedom wins.

Expert Review

CompareCards: Chase Freedom Visa Credit Card Quick Review

The Chase Freedom is one of the best cash back rewards credit cards, and at CompareCards.com, it ranks as one of our favorites. It’s a great starter card for new cash back reward newbies and credit card veterans that are looking to start earning rewards at a generous rate.

The best part about this card is the sign up bonus of $150 when you spend $500 on purchases within your first thing months, on top of a 5% cash back reward on quarterly rotating categories. The categories include a lot of different options like gas, department stores, Amazon, groceries etc. 

This card is great for really anyone that enjoys cash rewards as a part of their credit card repertoire. It should be one a card that people who shop online, commute, purchase a lot of groceries or enjoy retail shopping.

There are so many different rotating categories it fits just about anyone’s needs. With the signup bonus of $150 when you spend just $500 in 3 months, which the average household hits in just gas and grocery costs, is the cherry on top of an already fantastic credit card. 

With it’s no annual fee is great for anyone that is old enough to apply for their own credit card, like college students, recent graduates, part-time and full-time workers all the way to up veterans, and retired people. It’s a great fit anyway you look at it and should be considered a top use credit card.

Pros of the Chase Freedom Card

  • Great for people who have average to good credit and looking to start building cash rewards quickly.
  • Great for people looking for their first credit card and when they want to buy general purchases. Amazon is always 5% cash back during the holidays.
  • Great for people who want the highest general purchase cash back rewards.

Cons of the Chase Freedom Card

  • Not for people who like to plan their rewards. Rotating 5% cash back categories are sometimes not something you would use on a general basis, and are random.
  • Not for people who like traveling a lot. There is a foreign transaction fee.

What’s the Best Way to Use the Chase Freedom Card?

The best way to use the Chase Freedom Card is to use it on general purchase for the first 3 months to ensure you hit the $500 mark and collect your $150 sign up bonus. While it does have a 1% cash back for all purchases, waiting for purchase some items you are interested in is a great way to take full advantage of this credit card. 

For example, let’s say the quarterly categories are as follows: Q1 - Grocery stores, Q2 - Restaurants, Q3 - Gas stations/department stores, Q4 - Amazon. Using it at grocery stores and restaurants for up to $1,500 would max out the amount of 5% rewards you can get, and doing your holiday shopping on Amazon during Q4 would top off the year. Easy enough right?

What is the Chase Ultimate Rewards Site?

It is an online store that gives up to 10% cash back on your online purchases. There are big name stores like Macy’s, Home Depot and Sears that offer more than the current 1% back, and can be used even outside of the chosen 5% back categories for that quarter.

How do You Redeem Your Chase Freedom Rewards?

The Chase Freedom Card provides an easy way to redeem your rewards. You can redeem points for cash, gift cards, products and travel. All you have to do is login to your Chase Ultimate Rewards account, click redeem rewards and choose how you want to redeem them. Usually it’s best to redeem it for statement credit, so you can literally pay off some of your credit card by utilizing the 5% cash back rewards provided.

Is the Chase Freedom Card for You?

In a general opinion, it’s right for everyone. For a cash back credit card that offers 5% rewards for a lot of different categories - it’s easy to incorporate into your credit card usage. The $150 signup bonus is also great and if you refer a friend you can make an extra $25 in points. This card is one of CompareCards favorites, but we would like to hear your opinion. Comment below to hear your opinions about this card.

CompareCards: Discover It - New! Double Cash Back your first year Credit Card Quick Review

The Discover It Card is another great cash back rewards credit card that offers 5% cash back on rotating categories. It offers a Discover Deals bonus mall that you can use to shop and get anywhere from 10-25% cash back like Apple or Staples.

This credit card doesn’t currently have a sign up bonus, but it offsets that by offering a double cash back on your first year bonus. This means all of the rewards you accumulate during the first year gets double!

If you’re some one looking for a new cash rewards credit card, this one is worth a consideration. It’s good for generally any demographic whether you’re fresh out of school or entering retirement. More specifically, this card is great during the holidays.

Its categories are usually aligned with high traffic areas during the holidays, and if you combine that with the Discover Deals bonus mall, you can make up to 25% cash back on a purchase. 

There is also no annual fee on this credit card, and they offer a Freeze It on/off switch that prevents purchases or transfers on lost cards. 

On top of that, they give you a free FICO score in monthly statements and online.

Pros of the Discover It Credit Card

  • Great for people who are looking for a cash back credit card, and want to actively use it for the first year.
  • Great for people who are brand loyal and can utilize the 5-20% cash back stores on Discover Deals bonus mall.
  • Great for holiday shopping.

Cons of the Discover It Credit Card

  • Not for people who want a travel rewards credit card. 
  • Not for people who have credit card debt.
  • Not for people who are looking for a cash advance.

What’s the Best Way to Use the Discover It Card?

The best way to use the Discover It Credit Card is to focus solely on it during the first year, and to always check the Discover Deals bonus mall before purchasing items. This way you can take full advantage of it’s most important feature: The Double Cash Back your first year bonus. 

In the first year it’s possible that it beats out it’s other 5% cash back brothers if you take full advantage of it. The perfect storm for this card is to utilize the 5% cash back, the Discover Deal bonus mall for 25% cash back, and the double rewards at the end of the year.

In a perfect world, you can spend $1,000 on the card, get 20% + 5% cash back that’s $250 in rewards multiply that by 2 for the first year bonus and that’s $500 in rewards, which would be astronomical. 

What is the Discover Deals Bonus Mall Site?

This is probably the best online storefront out of the big cash back reward cards companies. With the 5-20% cash back offers for some big name brands like Coach(10%), Express(15%), shoes.com(20%) and Proflowers(25%). It does change so if you couldn’t find a store, there are chances that it ends up there in the future.

How Do You Redeem Your Discover It Rewards?

You can do this via mobile app, or desktop. All you have to do is login into your Discover It account, and choose if you want to use it as a gift card, or statement credit. using statement credit is usually a better choice since it’s debt you don’t want on your name, might as well use free rewards to pay it off. It can also provide for a great gift for someone else.

Is the Discover It New! Double Cash Back Your First Year Card for You?

The Discover It is great for people who enjoy cash back rewards. With the Discover Deals bonus mall, you can easily make up for the lack of a sign up bonus by fully utilize the category rewards, Discover’s bonus mall and the double cash your first year. In fact, if all used correctly for the first year, this card is potentially more enticing than its competitors. CompareCards is always interested in your opinions about our reviews, feel free to share your thoughts below.

*General Disclaimer: See the online credit card application for details about terms and conditions. We make every effort to maintain accurate information. However, all credit card information is presented without warranty. To confirm terms and conditions, click the "Apply Now" button and review info on the secure credit card terms page.

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By: | May 31, 2016

Great service thanks for sharing