Chase Freedom® vs. Discover it® Cash Back | finder.com

Chase Freedom® credit card vs. Discover it® Cash Back

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Both cards can earn you 5% cash back on bonus categories each quarter, but which should you apply for?

When weighing the Chase Freedom® credit card and Discover it® Cash Back against each other, the scale is going to tip in different directions for different types of spenders.

Are you looking for an upfront signup bonus? Or would you rather a bonus at the end of the first year that matches your cash back?

Chase Freedom® credit card

Chase Freedom® credit card

Discover it® Cash Back

Discover it® Cash Back

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Welcome offer
Welcome offer Earn $150 cash back after spending $500 on purchases in the first 3 months from account opening None
Rewards
Rewards

Earn 5% cash back in quarterly rotating categories on up to $1,500 in combined purchases for each quarter you activate, then 1%. Earn 1% cash back on all other purchases.

Earn 5% back on up to $1,500 in combined purchases in bonus categories every quarter you activate, then 1% thereafter. Earn 1% back on all other purchases.

Purchase APR (annual percentage rate)
Purchase APR (annual percentage rate)

0% intro APR for 15 months, and then 16.99% to 25.74% variable

0% intro APR for 14 months, and then 13.99% to 24.99% variable

Annual fee
Annual fee $0 $0
Balance transfers
Balance transfers

APR: 0% intro APR for 15 months, then 16.99% to 25.74% variable

Fee: $5 or 5% of the transaction, whichever is greater

APR: 0% intro APR for 14 months, then 13.99% to 24.99% variable

Fee: 3% of the transaction

Cash advance
Cash advance

APR: 26.99% variable

Fee: $10 or 5% of the transaction, whichever is greater

APR: 26.99% variable

Fee: $10 or 5% of the transaction, whichever is greater

Late payment fee
Late payment fee $38 $37
Additional cardholder fee
Additional cardholder fee $0 $0
Interest-free period
Interest-free period 21 days 25 days
Minimum interest
Minimum interest $0 $0.5
Minimum credit score
Minimum credit score 690 670
Card type
Card type Credit Credit
Rates and Fees
Rates and Fees Rates & Fees Rates & Fees
Learn more
Learn more

Which card should you choose?

Chase Freedom® credit card

Chase Freedom® credit card

  • $150 signup bonus
  • Up to 5% cash back on rotating categories
  • Intro APR on purchases and balance transfers

The Chase Freedom® credit card has an easy-to-meet signup bonus — spend $500 in the first 3 months of card membership and pocket $150. Another money grab for cardholders is the referral program. Every friend you invite to apply who gets the card scores you an extra $100 with the ability to earn up to $500. It's also equipped with purchase protection and extended warranty service to safeguard your everyday purchases.

Discover it® Cash Back

Discover it® Cash Back

  • First year cashback match
  • Free FICO credit score
  • Ability to freeze your account

The Discover it® Cash Back is designed for the frequent credit card user who can align their spending to rotating bonus categories — this'll make the juice worth the squeeze when it comes to rewards. A huge draw is the cashback match at the end of the first year, especially if you can hit the rewards cap each quarter. This travel-friendly card comes with no foreign transaction fees, plus it'll waive your first late payment fee.

What’s next?

If you’re sure you can make good use of either cashback credit card, you may want to go ahead and apply today. Before you hop right in, make sure that you meet the basic eligibility criteria for the card you choose.

Everyone spends differently, and these cards may not quite meet what you’re looking for in benefits and features. So, if neither was in sync with the way you swipe, continue to compare cashback cards and keep your eyes peeled for your perfect plastic.

Compare cash back credit cards

Name Product Filter values Annual Fee APR for Purchases (Purchase Rate) Intro APR for Balance Transfer
$95
14.99% to 25.99% variable
0% for the first 12 months (then 14.99% to 25.99% variable)
Earn $200 bonus cash back after you spend $1,000 on purchases in the first 3 months. Rates & Fees
$0
14.99% to 25.99% variable
0% for the first 15 months (then 14.99% to 25.99% variable)
Earn a $150 bonus statement credit after you spend $1,000 on purchases in the first 3 months. Rates & Fees
$0
14.99% to 25.99% variable
0% for the first 15 months (then 14.99% to 25.99% variable)
Earn up to $250 back. Earn $150 back after you spend $1,000 or more in purchases with your new card within the first 3 months of Card Membership. Plus, earn an additional $100 back after you spend an additional $6,500 in purchases within your first 12 months. You will receive the cash back in the form of a statement credit. Rates & Fees
$0
14.99%, 18.99% or 24.99% variable
0% for the first 15 months (then 14.99%, 18.99% or 24.99% variable)
Earn unlimited 1.5% cash rewards on purchases. See Rates and Fees.
$0 to $99
19.99% to 25.99% variable
Get 1% cash back rewards on eligible purchase, terms apply.

Compare up to 4 providers

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Kyle Morgan

Kyle Morgan is a producer for finder.com who has worked for the USA Today network and Relix magazine, among other publications. He can be found writing about everything from the latest car loan stats to tips on saving money when traveling overseas. He lives in Asbury Park, where he loves exploring new places and sipping on hoppy beer. Oh, and he doesn't discriminate against buffalo wings — grilled or fried are just fine.

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Important Information*
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US Credit Card Offers

Important Information*
Deserve® Classic Card
Deserve® Classic Card

APR

24.49
variable

Annual fee

0 For the first year
More info
Luxury Card Mastercard® Gold Card™
Luxury Card Mastercard® Gold Card™

APR

16.74
variable

Annual fee

995 For the first year
More info
First Access Visa Card®
First Access Visa Card®

APR

29.99
variable

Annual fee

75 For the first year
More info
Indigo® Platinum Mastercard® Credit Card
Indigo® Platinum Mastercard® Credit Card

APR

23.9
variable

Annual fee

75 For the first year
More info
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