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Chase Freedom Unlimited® vs Discover it® Cash Back

Do you want flat cash back or rotating categories?

Megan Horner

Updated Jan 12, 2021

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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 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® Rates & Fees	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	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	Read review

Summary of card features

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.
Don't pay an annual fee.

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 Freedom Unlimited® vs. Discover it® Cash Back

Name	Product	Welcome offer	Rewards	Annual fee	Filter values
Chase Freedom Unlimited®		$200 after spending $500 in the first 3 months	5% cash back on travel purchased through Chase, 5% on Lyft, 3% on dining and drugstores and 1.5% on all other purchases	$0		This solid 1.5% cashback card gets even better with the addition of up to 5% back in categories like travel, drug stores and dining.	Apply now View details	Compare	loading Fetching your data...
Discover it® Cash Back		Discover will match cash back earned at the end of your first card year	5% back in rotating categories up to $1,500 combined each activated quarter, then 1% after that and on all other purchases	$0		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.	View details	Compare	loading Fetching your data...

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Megan Horner

Megan Horner is the credit cards publisher at Finder. She's passionate about helping you find the best credit cards to meet your financial needs — whether that's earning great rewards or improving your credit score. Megan's expertise has been spotlighted on Lifehacker, CreditCards.com, American Banker and featured on news broadcasts across the country.

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Chase Freedom Unlimited® vs Discover it® Cash Back