Discover it® Chrome review: Bonus cash back on gas and dining
Discover it® chrome
CardRatings Editor's Analysis: Pros & Cons
- New cardholders receive a match on all the cash back earned at the end of their first year of credit card ownership, which makes it easy to accumulate rewards.
- Discover It® Chrome offers 2% back at restaurants and gas stations on up to $1,000 in purchases quarterly, but if you spend more than that on gas or eating out, you could likely realize more rewards with a card that offers a higher cap.
WHAT DISCOVER SAYS ABOUT THIS CARD
- INTRO OFFER: Unlimited Cashback Match - only from Discover. Discover will automatically match all the cash back you've earned at the end of your first year! There's no minimum spending or maximum rewards. Just a dollar-for-dollar match.
- Earn cash back on your next road trip with 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 - automatically.
- Redeem your cash back for any amount, any time. Cash rewards never expire.
- Earn a $300 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months.
- $0 intro annual fee for the first year, then $95.
- Buy Now, Pay Later: Enjoy $0 intro plan fees when you use Plan It® to split up large purchases into monthly installments. Pay $0 plan fees on plans created during the first 12 months after account opening. Plans created after that will have a monthly plan fee up to 1.33% of each purchase amount moved into a plan based on the plan duration, the APR that would otherwise apply to the purchase, and other factors.
- Low intro APR: 0% for 12 months on purchases from the date of account opening, then a variable rate, 13.99% to 23.99%
- 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%).
- 6% Cash Back on select U.S. streaming subscriptions.
- 3% Cash Back at U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more).
- 1% Cash Back on other purchases.
- Cash Back is received in the form of Reward Dollars that can be redeemed as a statement credit.
- Terms Apply.
With cash back earned in popular everyday spending categories and no annual fee, the Discover it® chrome card has evolved into a market leader for cash back incentives. With the Chrome card, cardholders earn 2% cash back on purchases at gas stations and restaurants (on up to $1,000 in combined purchases each quarter), and 1% cash back on all other purchases. And for new cardholders, the Discover it® Chrome will match all the cash back you’ve earned in the first year of card ownership, at the end of the year.
That means if you’ve accumulated $300 in cash back throughout your first year of card membership, Discover will match it - making your total cash back $600 - automatically.
CASHBACK REDEMPTION OPTIONS
Unlike many cash back rewards cards on the market, the Discover it® chrome card’s cash back never expires and has many flexible cash back redemption options. The flexibility to redeem your cashback rewards for cash at any time, and in any amount is a huge benefit of the card. You can also use your rewards at Amazon.com checkout, using the Pay with Points feature. Other ways to redeem your cash back bonuses include a credit to your account, an electronic deposit to your bank account, or a donation to select charities.
The Discover it® chrome card also offers some great security features. Discover offers the ability to freeze your credit card account in seconds by utilizing a simple on/off switch either on Discover's mobile app or website to prevent new purchases. Discover also offers a $0 Fraud Liability Guarantee so you're never responsible for any unauthorized purchases. The Chrome card also comes with the ability to activate free alerts that notify you if your social security number is found on any of thousands of Dark Web sites.
DISCOVER IT® CHROME FOREIGN TRANSACATION FEE
Having no foreign transaction fees is a feature that you will normally find in luxury travel rewards credit cards that also have premium annual fees. The Discover it® chrome card is one of the few no-annual-fee cash-back rewards cards that has no foreign transaction fees. What this means is when you are traveling internationally, you can use your Chrome card and you won’t be on the hook for additional fees on foreign transactions.
Oftentimes cards will have a foreign transaction fee of around 3% on any international purchases made. So if you were to spend $5,000 while abroad, you could end up shelling out around $150 on foreign transaction fees with a different card, or you could save that money by using the Discover it® Chrome card instead.
While Discover it® chrome is a good no-annual-fee option if you spend a decent amount on gas and at restaurants, these cash back categories have caps, so this might not be the card for you if you spend exuberantly in these categories each quarter. Because of the match offer, this card has a lot to offer during your first year as a cardholder, but if you start spending over the $1,000 quarterly caps, it may be wise to look for a rewards card that fits your spending patterns more closely.
Another thing to look out for: Not Everyone Accepts Discover. Despite being around since the mid-1980s, Discover cards are still not accepted everywhere, but the good news is there are 9.2 million merchants who do accept them today and that number is growing both domestically and internationally.
The Discover it® chrome requires good to excellent credit to get approval, but other factors are considered in the application process as well, including payment history of revolving credit, your total open cards, and the average age of accounts open.
The credit agency Experian considers a good FICO score anything that’s above 670, but having a score above 740 or even 800 may further increase your chances of approval. Please note though that these numbers can vary between different bureaus.
If you have limited credit history or are currently building your credit, getting approved for the Discover it® Chrome card may be difficult.
CardRatings conducts a survey annually to learn what actual cardholders think of their cards. Here are the results:
|Current Scores||Past Scores|
|Overall Score||81.4||Did not survey|
|Likelihood of Continuing to Use||8.4||n/a|
|Recommend to a Friend/Colleague||8.5||n/a|
Discover it® Chrome vs. Discover it® Cash Back
If you are looking for a no-annual-fee card with more cash back earning potential, the Discover it® Cash Back card is a great alternative to the Discover it® Chrome card. The Discover it® Cash Back earns 5% cash back in rotating categories (such as gas stations, grocery stores, restaurants, and online shopping) each quarter (up to the quarterly maximum of $1,500 spent each time you activate) as well as 1% cash back on all other purchases. This is much higher than the Chrome card’s 2% cash back earned at gas stations and restaurants (on up to $1,000 in combined purchases each quarter), and 1% cash back on all other purchases.
Like the Discover it® Chrome card, the Cash Back card matches all cash back earned in the first year by new cardholders. At the end of your first year, Discover matches the 5% earned in select categories– meaning you essentially earn 10% cash back in those categories in the first year. Both cards also have flexible redemption options and no foreign transaction fees.
Discover it® Chrome vs. Discover it® Student Chrome
The Discover it® Student chrome shares many similarities with the Discover it® Chrome card. Both cards have no annual fee, no foreign transaction fees, and cash back earned on every purchase. The cards earn cash back at the same rate of 2% earned at gas stations and restaurants (on up to $1,000 in combined purchases each quarter), and 1% cash back on all other purchases. Both cards are offering the same introductory bonus where all cash back earned during the first year will be matched, dollar-for-dollar, by Discover, at the end of your first year as a cardholder. That means $100 in cash back actually turns out to be a $200 cash back bonus.
Where the cards differ is that the Discover it® Chrome card is for individuals with more established credit; whereas the Student version is necessarily for people with a shorter, less-established credit history.
Discover it® Chrome vs. Capital One® Quicksilver
For straightforward cash back earning on all purchases and a solid new cardholder bonus, the Capital One Quicksilver Cash Rewards Credit Card is worth your consideration. The Quicksilver card earns 1.5% cash back on every purchase, so you won’t have to worry about opting in to rotating quarterly categories or having to keep track of tiered earnings. While this is lower compared to the Discover it® Chrome’s tiered earning of 2% on gas and restaurants, the Quicksilver card doesn’t have caps on cash back earnings. The Chrome card only earns 2% on up to $1,000 in combined gas and restaurant purchases each quarter, after which you will only earn 1% cash back.
The no-annual-fee Quicksilver card also has a welcome offer for new cardholders of $200 after spending $500 on purchases during the first three months of card membership, and 0% intro APR on purchases and balance transfers for 15 months, then 14.99% - 24.99% (Variable).
With many benefits and few downsides, yes, the Discover it® chrome card is a good credit card. The Chrome card comes with no annual fee, no foreign transaction fees, bonus cash back earned in frequent spending categories, and all cash back matched in the first year. The Chrome card is a great card for even the occasional credit card user, but may not be an ideal fit for someone who spends excessively in the gas and restaurant categories since there is a quarterly cap on the 2% earning rate.
Survey Methodology: CardRatings commissioned Op4G in September and October 2021 to conduct surveys among 1,524 cardholders nationwide. CardRatings website analytics from Jan. 1, 2021-Aug. 31, 2021 were used to determine a selection of the most popular cards and additional cards were included to add survey breadth. Responses to each of nine questions were given on a scale of 1-10 and respondents' scores were then averaged under broad topics. To determine the overall score, responses from questions 1-8 were summed and the answer to "How likely are you to recommend this card to a friend, coworker or family member?" was double weighted. "Current Scores" reflect scores from the most recent survey; "Past Scores (avg.)" are the scores averaged over each prior year the card has been surveyed. "Past Scores" indicates a card has only been surveyed in one prior year.