Discover it® chrome

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Claire Dickey @ClaireDickey  in  Cash Back Advertiser Disclosure
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Recommended Credit Score

Good to Excellent (670 - 850)

A FICO score/credit score is used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, credit score alone does not guarantee or imply approval for any financial product.

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Best for gas

Annual Fee:
$0
Purchase Intro APR:
0% for 14 months
Balance Transfer Intro APR:
0% for 14 months
Regular APR:
14.24% - 25.24% Variable
Terms and Restrictions Apply | Rates and Fees

Bankrate Rating

Commonly used for: 0% Introductory APR, Balance Transfer, Cash Back, EMV, Free Credit Score, Gas, Good Credit, Mobile Pay Ready, No Annual Fee, No Foreign Transaction Fees, Price Protection, Rewards, Unsecured credit card, Zero Fraud Liability.

Looking for a simple way to earn at restaurants or at the pump? The Discover it chrome is a no annual fee card offering a simple way to earn cash back on a limited budget. Earn 2% cash back at gas stations and restaurants (up to $1,000 in combined purchases each quarter) and 1% cash back on everything else. You won’t need to activate categories, but the low cap on cash back per quarter could be seen as restricting.

One of the most prized perks of the Discover it chrome is its Cashback Match™ feature. Discover will pay a dollar-for-dollar match of the cash back rewards you’ve earned at the end of your first year. (Keep in mind that other versions of  Discover cards also offer this perk, and often with much better rewards structures.)

Here are the details:

Get 2% cash back at gas stations and restaurants (up to $1,000 in combined spending each quarter, then 1%) and 1% cash back on everything else. The card doesn’t have an annual fee and you won’t need to spend time tracking rewards categories, but the $1,000 dollar cap is pretty low compared to similar cards. All of this to say, there are cards with better rewards structures, so if you have a stellar credit score and the ability to spend more than $1,000 a quarter on gas and restaurants (or upwards $333 a month), you might want to consider other options.

The most rewarding feature of the Discover it chrome is Cashback Match™. Discover will match all the cash back you earned at the end of your first year, but keep in mind this is solely an introductory offer. As far as interest rates go, the Discover it chrome offers a pretty decent 0% introductory APR on both purchases and balance transfers for 14 months (14.24% to 25.24% variable thereafter). If you’re interested in paying off big purchases (interest-free) while earning rewards, this could be a deciding factor.

Discover provides a free FICO score check on your monthly statement, 100% U.S.-based customer service, Social Security alerts and a pass on your first late payment (should you forget). Plus, if you ever misplace your card, Discover’s Freeze it® feature allows you to pause your account using their mobile app.

Is this card right for you?

If you spend around $4,000 or less on gas stations and restaurants each year, the Discover it chrome card could offer you some decent rewards – especially if you’re looking to transfer a balance or pay off a large purchase during the 14-month interest-free period offered (14.24% to 25.24% variable thereafter). Be aware that if you do transfer a balance, you need to have a plan to pay it off before the introductory period ends.

You can receive more cash back from similar no annual fee cards, but Discover’s Cashback Match™ feature does make up for its average rewards structure.

Also, take into account that this is a flat rate cash back card, meaning you won’t have to track rotating bonus categories. If you’re someone who values simplicity concerning your rewards cards, this could be seen as a perk.

Advantages
  • No annual fee
  • 0% introductory APR for 14 months on purchases and balance transfers (14.24% to 25.24% variable thereafter)
  • Cashback Match™ feature matches your cash back earned at the end of your first year
  • No foreign transaction fees
Disadvantages
  • Low rewards caps
  • If you don’t spend much at restaurants or on gas, you may want to consider a card with a different reward program.

How much are the rewards worth?

You’ll earn $80 per year by consistently maxing out the 2% cash back category each quarter. And at the end of your first year of card ownership, you can double that with the introductory Cashback Match™ feature and earn $160.