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Review: Is the Discover it Chrome the best credit card for you?

If you’re looking for a simple, no-hassle cash-back credit card, the Discover it® chrome might be a decent option for you. Discover cards don’t charge an annual fee, though you may end up paying in other ways, namely in the form of a lower return on your spending. 

Read more: The best Discover credit cards in 2021

The Discover it® chrome offers 2% cash back on your first $1,000 in combined purchases at gas stations and restaurants each quarter (then 1%), meaning you could end up with an extra $20 in your wallet if you max out that category. Other than that you’ll earn a fixed 1% cash back on all purchases, with no other caps or bonus categories to worry about. 

Cashback Match: A unique welcome offer

While many credit cards will throw tens of thousands of bonus miles or hundreds of dollars in cash at new applicants (after meeting certain spending thresholds), Discover offers a welcome bonus that’s much better tailored to those who can’t meet a high spending requirement in a short time frame.

Most Discover cards, including the Discover it® chrome, offer Discover Cashback Match. As the name would suggest, at the end of your first year of card membership Discover will match all the cash back you earned. This includes the 2% cash back earned at gas stations and restaurants (up to $1,000) and the 1% earned on all other purchases. 

Read more: Discover Cashback Match is a unique program that matches your credit card rewards after your first year, and it couldn’t be easier to use

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Ultimately you’ll need to take a look at your own spending patterns and decide how much this offer is worth to you. That’s sort of a theme with Discover cards as a whole, as they require careful analysis to determine whether this is the best offer for you. For some, you may be better off paying an annual fee for a more rewarding cash-back card or focusing your earning efforts elsewhere. 

Who should and shouldn’t consider the Discover it® chrome

The Discover it® chrome is best for someone who doesn’t spend a ton on their credit cards and is looking for a simple option to earn rewards. If you’re just making the switch from debit to credit or are still in the process of building your credit history, Discover can be a good option.

Read more: The best cash-back credit cards in 2021

However, if you’re a big spender, frequently spend in popular bonus categories (like dining, gas, groceries, etc.), or are looking for the option to earn flexible and valuable travel rewards, you’re likely better off with a different card. After your first-year Cashback Match ends, you’ll be earning a flat 1% on most purchases with the Discover it® chrome …read more

Source:: Business Insider

      

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