![]() ![]() It’s the best of both worlds when it comes to flat-rate cash-back rewards and lengthy balance transfers.Ĭontrast the Discover it® Chrome’s capped rewards and introductory APR period and it’s clear just how far below the standard the card sits. After that, the fee will be 5% of each transfer (minimum $5). An intro balance transfer fee of either $5 or 3%, whichever is greater, applies to transfers completed within the first 4 months of account opening. After that, the standard variable APR will be 19.24% - 29.24%, based on creditworthiness. Earning 2% cash back on all purchases-1% when purchases are made and another 1% when they’re paid off, the Double Cash comes with an intro APR offer of 0% intro APR on balance transfers for 18 months. The Citi Double Cash can be a great choice for a cash-back and balance transfer credit card. The only reason not to choose the Discover it® Cash Back over the Discover it® Chrome is if the rotating categories aren’t likely to fit your spending patterns. A balance transfer fee of up to 5% of the amount transferred applies. Then, a standard rate of 17.24% - 28.24% variable applies. Like the Discover it® Chrome, the Discover it® Cash Back offers a 0% introductory APR for 15 months on purchases and eligible balance transfers. Cardholders seeking to maximize cash back earned from the Discover it® Cash Back can earn nearly as much in one quarter what a Discover it® Chrome cardholder would need all year to earn with much less than half the spending. Plus, earn unlimited 1% cash back on all other purchases – automatically, the Discover it® Cash Back‘s top earning category surpasses the Discover it® Chrome’s best cash-back earning potential. With 5% cash back on everyday purchases at different places each quarter up to a quarterly maximum of $1,500 in spending when activated. At 1% cash back on the remaining purchases, the Discover it® Chrome would earn an additional $ 321.77 in cash back for a total annual earnings of $401.77 before the CashBack Match.ĭiscover it® Chrome vs. Plus, earn unlimited 1% cash back on all other purchases. If you max out each quarter’s bonus, that equals $80 in cash back each year. With the Discover it® Chrome, you’ll earn 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter. The 70th percentile of wage-earning households brings in $116,000 annually and has $36,177 in annual spending that can reasonably be charged to credit cards. Forbes Advisor uses data from various government agencies to determine baseline income and spending averages across various categories. To determine the rewards potential of the Discover it® Chrome we look at the bonus categories and estimate what an average household might spend in those areas. Rewards never expire and are credited to the account when it is closed. You can use your rewards toward purchases on and PayPal or redeem them for gift cards starting at $5. One nice perk of the Discover it® Chrome is it’s easy to make cash-back redemptions of any amount at any time. Discover Cashback Match doubles that for the first year, so that’s a $160 maximum reward from the top earning categories in the first year only. When leveraging the maximum benefit from the 2% bonus categories, cardholders can earn $20 in cash back per quarter, or $80 per year. ![]() Plus, earn unlimited 1% cash back on all other purchases. The Discover it® Chrome earns 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter. As a balance transfer card, the introductory APR period and balance transfer fee lacks the pizzazz of lengthier offers on other cards. ![]() With just-OK cash-back rewards, the card’s main saving grace is the first-year cash-back match. It has no traditional welcome bonus, but Discover Cashback Match® doubles all cash back earned at the end of the first year as a cardholder. The rewards structure of the Discover it® Chrome includes 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter. The intro period is generous, but a few balance transfer cards offer promotional periods of 18 months or longer. It offers a 0% introductory APR for 15 months on purchases and eligible balance transfers. The Discover it® Chrome’s most attractive feature is its introductory APR on purchases and balance transfers. ![]()
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