You won’t pay an annual fee to keep the credit card in your wallet, and there’s no need to worry about rotating bonus categories or complicated redemption strategies. This is a straightforward cash-back card that offers 1% cash back on everything and 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter. Discover matches your rewards at the end of the first year.
|Card||APR||Annual Fee||Intro Bonus||Credit Needed||Key features|
|Discover it® chrome||0% for 14 months, then ongoing 13.49% – 24.49% Variable APR||$0||Discover automatically matches all the cash back you’ve earned at the end of your first year||Good to excellent||Cash back|
What we like about it
The credit card is a simple rewards card with no annual fee. Cash-back rewards, earned at 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter and 1% cash back on all other purchases, never expire. At the end of your first year as a Discover it® chrome card user, Discover will match the cash back you’ve earned throughout the year as a bonus.
There aren’t any restrictions about when you redeem your rewards, and there are no minimum redemption amounts. You can even use your Discover it® chrome cash-back rewards at Amazon.com at checkout.
The Discover it® chrome card is also an excellent balance transfer option, with 0% introductory APR for the first 14 months on balance transfers and purchases, then an ongoing 13.49% – 24.49% Variable.
Things to consider
To get the credit card, you’ll need good to excellent credit scores.
For those who frequently travel outside the United States, the Discover it® chrome card may not be the best choice as a sole credit card. Discover isn’t accepted in many countries, including the majority of Africa, most countries directly east of China and some South American countries.
Cash-back rewards at the 2% level convert to 1% when you reach the maximum of $1,000 in purchases each quarter. Earn 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter. Plus, earn unlimited 1% cash back on all other purchases. So, even though it’s a nice rate of rewards, you can earn just $20 in cash-back rewards per quarter at 2% cash back.
For the first 14 months that you own the card, you’ll get an introductory interest rate of 0% on new purchases and balance transfers. There’s a 3% balance transfer fee, up to 5% fee on future balance transfers (see terms). After the introductory period, you’ll pay 13.49% – 24.49% Variable APR if you decide to carry a balance with the card.
Discover it® chrome Credit Card cash back details
The card is a cash-back card with no annual fee. You’ll get 1% cash back on every purchase made with the card, without limits. The first $1,000 in combined purchases each quarter you spend at gas stations and restaurants earns 2%. After you reach the spending limit during a quarter, the rewards rate in those categories reverts to 1%. At the end of your first year, after your 12th statement, Discover will match your cash-back earnings without limits.
Redeeming rewards is simple. You can choose to credit your account when your cash-back balance is just $.01. You can pay select merchants with your cash back, deposit cash-back rewards into an account, use cash back as a charitable donation or use it to purchase eCertificates and gift cards from Discover’s partners.
Discover it® chrome Credit Card fees
The Discover it® chrome credit card is light on fees. There’s no annual fee, no foreign transaction fee, no overlimit fee and Discover won’t charge you a late fee the first time to fail to pay your bill on time. Making a late payment won’t trigger a penalty APR, like many other cards.
If you choose to transfer debt from other credit cards, you’ll pay a 3% balance transfer fee, up to 5% fee on future balance transfers (see terms).
How does it compare to other cash back cards?
If you think the cash-back card is a good choice, consider the Capital One® Quicksilver® Cash Rewards Credit Card and the Citi® Double Cash Credit Card. Like the Discover it® chrome card, both of these cards have no annual fee and no overlimit fee. Late payments with the Capital One® Quicksilver® Cash Rewards Credit Card won’t increase your APR, and there aren’t any foreign transaction fees with this card. The Citi® Double Cash Credit Card won’t charge you a late fee the first time you miss a payment due date.
With the Citi® Double Cash Credit Card, you’ll earn 2% cash back on all purchases, but you’ll get 1% when you use the card and 1% when you pay the bill. There are no limits or caps on earnings with this card, unlike the Discover it® chrome card, which imposes a $1,000 limit on the 2% reward level per quarter.
With the , you’ll earn a flat 1.5% cash back on every purchase without limits. This card also offers an introductory 0% APR on balance transfers and purchases for 15 months, then an ongoing 15.74% – 25.74% (Variable).
Discover it® chrome is the only cash-back card offering a 100% match of the rewards earned at the end of your first year of owning the card. This feature, plus a good introductory 0% APR on purchases and balance transfers within the first 14 months and then an ongoing 13.49% – 24.49% Variable makes the Discover it worthy of a place in your wallet.
The bottom line
The credit card is a great option for people who want a simple cash-back card. While the 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter is a nice perk (then, 1%), the per quarter limit lessens its value. The year-end cash-back match is where this card excels, making it an ideal card for everyday purchases. For those with good to excellent credit who want a straightforward cash-back card, the Discover it® chrome deserves a place on their list of options.
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