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

Chase Freedom® 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® 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?

Our pick for cashback categories

Chase Freedom®

  • 0% intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 17.24-25.99%. Balance transfer fee is 3% of the amount transferred, $5 minimum
  • Earn a $150 bonus after you spend $500 on purchases in your first 3 months from account opening
  • 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 - it's automatic
  • Cash back rewards do not expire as long as your account is open and there is no minimum to redeem for cash back.
  • Free credit score, updated weekly with Credit Journey℠
  • No annual fee
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Promoted

Chase Freedom®

Chase Freedom®

Discover it® Cash Back

Discover it® Cash Back

finder.com's rating
finder.com's rating

★★★★★

4.4 / 5.0

★★★★★

4.8 / 5.0
Best for
Best for
  • Long intro APR period and cash back in rotating categories
  • Rotating cash back categories with no annual fee
Welcome offer
Welcome offer $150 cash back after spending $500 in the first 3 months None
Rewards
Rewards

5% back in rotating categories up to $1,500 combined each activated quarter, then 1% after that and 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 17.24% to 25.99% variable

0% intro APR for 14 months, and then 14.24% to 25.24% variable

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

APR: 0% intro APR for 15 months, then 17.24% to 25.99% variable

Fee: $5 or 3% of the transaction, whichever is greater

APR: 0% intro APR for 14 months, then 14.24% to 25.24% variable

Fee: 3% of the transaction

Cash advance
Cash advance

APR: 27.24% variable

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

APR: 27.24% variable

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

Late payment fee
Late payment fee Up to $38 Up to $37
Additional cardholder fee
Additional cardholder fee $0 $0
Interest-free period
Interest-free period 21 days 25 days
Minimum interest
Minimum interest $0 $0.50
Minimum credit score
Minimum credit score 670 670
Card type
Card type Credit Credit
Rates and Fees
Rates and Fees Rates & Fees Rates & Fees
Learn more
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Which card should you choose?

Chase Freedom®

Chase Freedom®

  • $150 signup bonus
  • Accelerated cash back in quarterly rotating categories and flat cash back on all other purchases
  • Intro APR on purchases and balance transfers

The Chase Freedom® 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

  • Accelerated cash back in quarterly rotating categories
  • 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
$0
17.24% to 25.99% variable
0% for the first 15 months (then 17.24% to 25.99% variable)
0% intro APR for 15 months from account opening on purchases and balance transfers.
$0
16.24% to 25.74% variable
0% for the first 12 billing cycles (then 16.24% to 25.74% variable)
When you spend $500 on your card within the first 90 days, you’ll receive a $150 cash back bonus.
$0
17.24% to 25.99% variable
0% for the first 15 months (then 17.24% to 25.99% variable)
0% intro APR for 15 months from account opening on purchases and balance transfers.
$95
15.24% to 26.24% variable
0% for the first 12 months (then 15.24% to 26.24% variable)
Earn $200 bonus cash back after you spend $1,000 on purchases in the first 3 months. Rates & Fees
$0
15.24% to 26.24% variable
0% for the first 15 months (then 15.24% to 26.24% variable)
Earn a $150 statement credit after you spend $1,000 or more in purchases with your new card within the first 3 months of card membership. Rates & Fees
$0
15.24% to 26.24% variable
0% for the first 15 months (then 15.24% to 26.24% variable)
Earn a $150 bonus statement credit after you spend $1,000 on purchases in the first 3 months. Rates & Fees
$0
15.24%, 19.24% or 25.24% variable
0% for the first 15 months (then 15.24%, 19.24% or 25.24% variable)
Earn unlimited 1.5% cash rewards on purchases. See Rates and Fees.
$0
11.99% to 17.99% variable
0% for the first 12 months (then 11.99% to 17.99% variable)
2% cash back for all PenFed Honors Advantage members and 1.5% cash back on all purchases made with your card.
$0 to $99
20.24% to 26.24% variable

N/A

Get 1% cash back rewards on eligible purchases.

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