Discover it Chrome Review: A New Cash Back Card
The Discover it® Chrome is a new card offered by the folks over at Discover. You might notice something about the Discover it® Chrome, in that it’s a twist on their popular Discover it card. With that in mind, I thought I’d so a Discover it® Chrome review to go over some of the differences between the two cards.
As I’ve written in the past, I love to churn credit cards as we use them to travel for free. Some people prefer travel rewards cards and some prefer cash back cards. I tend to prefer travel rewards cards, but cash back cards have their place as well. That said, churning is not for everyone and if you’re in debt or are tempted to overspend with a credit card then getting a new card is the last thing you should consider. With that disclaimer out of the way let’s review the new Discover it® Chrome card.
Discover it® Card vs. Discover it® Chrome
Admittedly, there are a lot of similarities between the Discover it® and Discover it® Chrome cards. I covered many of the basics of the original in my Discover it® Card review, but I’ll give a brief outline of where the Discover it® Chrome lines up below:
Both are light on the fees: The Discover it® Chrome card is just like the original in that there is no annual fee, no over limit fee, and no foreign transaction fee. They also allow you to miss one payment before any kind of late payment penalty comes into play.
Same intro balance transfer benefit: With both the Discover it® and Discover it® Chrome cards, you can transfer a balance in and have an introductory APR of 0% for the first 14 months. I will note that there is a 3% fee applied to each transferred balance though.
Same intro APR: With both versions of the Discover it® Card, you get the same introductory APR of 0% on all purchases for 14 months. After that it’s 10.99% – 22.99%, variable.
Free credit score: The Discover it® Chrome allows you to get a free FICO® Credit Score online and on your statement, just like the Discover it® card does. While this is nice, other cards are starting to offer this as well such as Barclaycard Arrival.
U.S. based customer service: Since both are through the same issuer, it stands to reason they would be offering the same customer service channels. Personally speaking, this is a big one as you know the person you’re speaking with will understand you.
Free shopping portal: The Discover it® Chrome carries on what Discover has been allowing in that you get access to a shopping portal that provides discounts on different items. If you’re familiar with Ultimate Rewards by Chase, it’s somewhat similar.
Constant monitoring of activity: As with the original, each purchase on the Discover it® Chrome is monitored and you’re notified of any suspicious activity. This is honestly something I’d expect anyway, and you should as well.
If you’re looking for a great travel rewards credit card, check out my Barclaycard Arrival Plus™ World Elite Mastercard® review.
New Features of the Discover it® Chrome
As I said earlier, there are a lot of similarities between the Discover it® and Discover it® Chrome cards. In fact, there is really only one major difference and that is how the rewards are figured, which is explained below:
- The Discover it® card has a rotating quarterly 5% cash back program on up to $1,500 in purchases, which is very similar to what you’ll see with the Chase Freedom card. Beyond that, you get 1% cash back on all other purchases.
- The Discover it® Chrome does away with the rotating quarterly 5% cash back and has changed that to 2% cash back on up to $1,000 in combined purchases at restaurants and gas stations every quarter – no signups needed. The Discover it® Chrome still allows you to get the same 1% cash back on all other purchases with the card.
As you can tell, the only major difference between the two Discover cards is how the rewards are doled out, which isn’t too bad to have that choice. This is especially the case if you like to use cash back cards as opposed to travel rewards cards.
My Take on the Discover it Chrome
I like the fact that Discover is adding another card to their offering. Honestly, I would like to see them add cards that offered more in terms of sign on bonuses but I’ll take what I can get. I believe for the right person the Discover it® Chrome could be a great addition to what they’re already doing with other credit cards. This is especially the case if they spend a lot of money eating out or at gas stations. They do offer some other nice benefits which make it a worthwhile consideration. There are also other cards you could consider, if you’re a cash back person, like the Chase Freedom or the Barclaycard Arrival™ World Mastercard® if you’re into travel rewards. Both are no annual fee cards and offer better rewards in my opinion. That said, you can’t go wrong with the Discover it® Chrome if you use it wisely.
What credit cards are you currently working on churning? Do you prefer cash back or travel rewards cards?