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?
Which card should you choose?
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
- 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.
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.