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Discover it® vs Chase Freedom®

Compare Rewards, Interest Rates, Fees, and Benefits

Discover and Chase are CreditDonkey partners. We receive compensation if you apply and get approved for a card through links in our content. You support CreditDonkey by using our links. (read more)

Discover It is an excellent cash back credit card with no annual fee and low interest rate. How does it compare to Chase Freedom, a cash back credit card? Read our comparison chart below.

 Discover itChase Freedom
 Apply for Discover itApply for Chase Freedom
 

Discover it®

Chase Freedom®

 

Credit Card Summary

 
  • 0% intro APR on balance transfers for 18 months-then a variable purchase APR applies, currently 10.99% - 22.99%. A 3% fee applies to each transferred balance.
  • Exclusive offer: Double all the cash back you've earned at the end of your 1st year-automatically.*
  • 5% cash back in categories that change each quarter like gas, restaurants and more-up to the quarterly maximum when you sign up.* 1% cash back on all other purchases.
  • New Freeze ItSM on/off switch lets you prevent new purchases, cash advances & balance transfers on misplaced cards in seconds by mobile app & online.*
  • Free FICO® Credit Score on statements, online & by mobile app.* And 100% U.S.-based service any time.
  • No annual fee. No overlimit fee. No foreign transaction fee. No late fee on first late payment & paying late won't raise your APR.*
  • Each Discover purchase is monitored. If it's unusual, you're alerted by e-mail, phone or text and never responsible for unauthorized purchases on your Discover card.
  • *See rates, rewards, free FICO® Credit Score terms & other info by clicking "Apply."
  • Named a Best Card for Cash Back by MONEY® Magazine
  • Earn a $100 Bonus after you spend $500 on purchases in your first 3 months from account opening
  • Earn a $25 Bonus after you add your first authorized user and make a purchase within this same 3-month period
  • 0% Intro APR for 15 months on purchases and balance transfers. After the intro period, a variable APR of 13.99-22.99%
  • Unlimited 1% Cash Back on every purchase
  • 5% Total Cash Back on up to $1,500 in combined purchases in bonus categories each quarter
  • You'll enjoy new 5% categories every 3 months like Gas stations, Restaurants and Amazon.com. It's free and easy to activate your bonus each quarter!
  • No annual fee and rewards never expire as long as your account is open
 

Credit Card Interest Rates & Fees

Introductory APR for Purchases0% introductory APR for 6 months0% introductory APR for 15 months
Introductory APR for Balance Transfers0% introductory APR for 18 months0% introductory APR for 15 months
Purchase APR10.99% to 22.99% Variable* based on your creditworthiness and other factors13.99% to 22.99% Variable based on your creditworthiness and other factors
Balance Transfers APR10.99% to 22.99% Variable* based on your creditworthiness and other factors13.99% to 22.99% Variable based on your creditworthiness and other factors
Annual Fee$0 annual fee$0 annual fee
 

Credit Card Rewards & Benefits

Introductory Bonus Cash BackIntroductory Bonus Cash Back: Exclusive offer: Double all the cash back you've earned at the end of your 1st year-automatically.*Introductory Bonus Cash Back: Earn a $100 Bonus after you spend $500 on purchases in your first 3 months from account opening
Cash Back RewardsCash Back Rewards: 5% cash back in categories that change each quarter like gas, restaurants and more-up to the quarterly maximum when you sign up.* 1% cash back on all other purchases.Cash Back Rewards: Unlimited 1% Cash Back on every purchase
Bonus Cash BackBonus Cash Back: 5% cash back on up to $1,500 in purchases in categories that change each quarter (requires free and easy sign-up for 5% Cashback Bonus)*
Bonus Categories for 2015:
January - March: 5% on up to $1,500 in purchases at Gas Stations and Ground Transportation
April - June: 5% on up to $1,500 in Restaurant and Movie purchases
July - September: 5% on up to $1,500 in purchases in Home Improvement Stores, Department Stores, and Amazon.com
October - December: Holiday Shopping (Program Details TBA August 2015)
Limitations apply*. See Issuer's Website for additional program details.
Bonus Cash Back: 5% Total Cash Back on up to $1,500 in combined purchases in bonus categories each quarter It's free and easy to activate your bonus each quarter.
Bonus Categories for 2015:
Q1 (January 1 – March 31, 2015): Grocery stores (not including Walmart® and Target® purchases), movie theaters and Starbucks® stores
Q2 (April 1 – June 30, 2015): Restaurants, Bed Bath & Beyond®, H&M®, and Overstock.com®
Q3 (July 1 – September 30, 2015): Gas stations and more
Q4 (October 1 – December 31, 2015): Amazon.com and more
Smart ChipSmart ChipSmart Chip
 Go to issuer's official application, terms, and detailsGo to issuer's official application, terms, and details
 

CreditDonkey® Credit Card Reviews

 Discover itChase Freedom
Pros & ConsPros:
  • 5% bonus rotating categories
  • Full 1% cash back on all other purchases
  • 0% intro APR on balance transfers for 18 months, then a variable APR, currently 10.99% - 22.99%
  • 0% intro APR on purchases for 6 months, then a variable APR, currently 10.99% - 22.99%
  • No foreign transaction fee
  • No annual fee
Cons:
  • Some merchants don't accept Discover
Pros:
  • $100 bonus after you make $500 in purchases in your first 3 months
  • 5% bonus rotating categories
  • Full 1% cash back on every purchases
  • 0% intro APR on purchases and balance transfers for 15 months
  • No annual fee
Cons:
  • 3% foreign transaction fee
Bottom LineExcellent cash back credit card with no annual fee and low interest rate... Read full reviewExcellent cash back credit card for cardholders who pay in full... Read full review
 Apply for Discover it®Apply for Chase Freedom®
What Others View

See issuer's website for details including terms and conditions. While reasonable effort has been made to maintain accurate and updated information, the information shown on this site may vary, be out of date, or not applicable to you. All information is provided without warranty. When you click on the Apply Now button, you can review the terms and conditions on the issuer's website.

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the issuer's website for details.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

Which is Better: Discover It or Chase Freedom?

Still need help deciding which cash back credit card is better? Read the in-depth reviews below. You may also be interested in comparing Discover It or Blue Cash Everyday.


Explore Discover it® In-Depth

    Discover It Card Review: Cash Back Rewards and Balance Transfer Promotion

    Discover It Credit Card Review

    January 11, 2013 - By David R - Reviews for Discover It
    A generous cash back and 18-month balance transfer offer makes the Discover It Card the go-to card to keep more money in your pocket. When you consider the rewards, low fees, and good customer service, it’s pretty easy to see why Discover It is one of the most popular cash back credit cards available.

    Is Discover It a Good Credit Card

    October 31, 2014 - By Leah Norris - Reviews for Discover It
    Is Discover It worth it? The most popular offering by Discover can be well worth the application for the following 10 reasons. To round out this list, we’ll also give you 3 reasons why you might want to look elsewhere:

Explore Chase Freedom® In-Depth

    Chase Freedom Review

    March 14, 2012 - By David R - Reviews for Chase Freedom
    Want to earn cash back and score a good deal? With its $100 bonus offer, rotating 5% cash back categories, and 0% intro APR on purchases and balance transfers for 15 months, this card might be the one for you. Read this Chase Freedom review to see why it is one of the most popular cashback credit cards with no annual fee.

Recent Mentions


Compare Discover It to:

Blue Cash Everyday Card from American Express

Blue Cash Everyday® Card from American Express

Introductory Bonus Cash BackCash Back RewardsGas RewardsGrocery Rewards
    Intro APR (Purchases)Intro APR (Balance Transfer)Regular APR
    0% on Purchases for 15 months
    0% on Balance Transfers for 15 months
    12.99% - 21.99% Variable
    Annual Fee
    $0
    Discover it Chrome

    Discover it® Chrome

    Introductory Bonus Cash BackCash Back RewardsGas RewardsNo Expiration on Rewards
      Intro APR (Purchases)Intro APR (Balance Transfer)Regular APR
      0% for 12 months
      0% for 12 months
      10.99% - 22.99% Variable*
      Annual Fee
      $0
      Chase Slate

      Chase Slate®

        Intro APR (Purchases)Intro APR (Balance Transfer)Regular APR
        0% for 15 months
        0% for 15 months
        12.99%, 17.99%, or 22.99% Variable
        Annual Fee
        $0

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        We think you'll agree with us when we say:

        Compare Chase Freedom to:

        Chase Sapphire Preferred Card
        Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
        N/AN/A
        15.99% Variable
        Introductory Annual Fee of $0 the first year, then $95

        About CreditDonkey®
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        Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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        *See the card issuer's online application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However, all information is presented without warranty. When you click on the "Apply Now" button you can review the terms and conditions on the card issuer's website.

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