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Chase Freedom Unlimited® vs Discover it® Cash Back

Do you want flat cash back or rotating categories?

Megan Horner
Megan Horner

Updated

Fact checked
The Chase Freedom Unlimited® earns a flat 1.5% cashback rate on all purchases and 5% back on Lyft rides until March 31, 2022. The Discover it® Cash Back on the hand, earns a 5% cashback rate on up to $1,500 in rotating quarterly categories. It earns 1% back after that and on all other purchases. Another consideration is the welcome offer: Chase offers $200 cash back for spending $500 within your first 3 months of account opening, plus 5% cash back at grocery stores on up to $12,000 in the first year, while Discover it® Cash Back will match all cash back you earned at the end of the first year of account opening.

Chase Freedom Unlimited®

Chase Freedom Unlimited®

Rates & Fees

Discover it® Cash Back

Discover it® Cash Back

Rates & Fees
finder.com's rating
finder.com's rating

★★★★★

4.7 / 5.0

★★★★★

4.8 / 5.0
Best for
Best for
  • Unlimited 1.5% cash back on every purchase
  • Rotating cash back categories with no annual fee
Welcome offer
Welcome offer

$200 after spending $500 in the first 3 months, plus 5% cash back at grocery stores on up to $12,000 in the first year

Discover will match cash back earned at the end of your first card year
Rewards
Rewards

5% cash back on travel purchased through Chase, 5% on Lyft, 3% on dining and drugstores and 1.5% on all other purchases

5% back in rotating categories up to $1,500 combined each activated quarter, then 1% after that and on all other purchases
Purchase APR
Purchase APR

0% intro APR for 15 months, and then 14.99% to 23.74% variable

0% intro APR for 14 months, and then 11.99% to 22.99% variable

Annual fee
Annual fee $0 $0
Balance transfer APR
Balance transfer APR 14.99% to 23.74% variable

0% intro APR for 14 months, then 11.99% to 22.99% variable
Cash advance
Cash advance

APR: 24.99% variable

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

APR: 24.99% variable

Fee: $10 or 5% of the transaction, whichever is greater
Foreign transaction fee
Foreign transaction fee 3% of each transaction None
Late payment fee
Late payment fee Up to $39 Up to $40
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
Learn more
Learn more

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Summary of card features

Chase Freedom Unlimited®

Chase Freedom Unlimited®

  • Earn 5% on travel purchased through Chase, 3% on dining at restaurants and drugstores, and an impressive 1.5% on all other purchases.
  • Get a signup bonus of $200 after you spend $500 within your first 3 months of account opening.
  • You'll also earn 5% cash back at grocery stores on up to $12,000 in the first year (then 1.5%).
  • Don't pay an annual fee.

Discover it® Cash Back

Discover it® Cash Back

  • No annual fee
  • Excellent rewards in rotating categories
  • Solid intro APR on purchases and balance transfers
  • Cashback Match on all rewards earned during the first card year

Compare Chase credit cards

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