Rewards Plan
Sign up Bonus
Credit Rating
0% Intro
Annual Fee
APR
- Cash Back for Select Spending Categories
- 0% Intro APR
- Limit on Cash Back Spending Per Quarter
- Balance Transfer Fee
Rewards Plan
Sign up Bonus
0% Intro
PROS
- Cash Back for Select Spending Categories
- 0% Intro APR
CONS
- Limit on Cash Back Spending Per Quarter
- Balance Transfer Fee
APR
16.74% - 27.74% Variable APR
Annual Fee
$0
Balance Transfer Fee
5%
Credit Requirements
Good - Excellent
The Discover it® Chrome Gas & Restaurants Card offers cash back in addition to offering you a lengthy introductory 0% APR - 15 months on purchases and balance transfers. It’s a great option if you have a large credit card balance and need time to pay it off without paying interest while also earning rewards.
Also, you can earn 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter and 1% cash back on all your other purchases, while Discover automatically match all the cash back you’ve earned at the end of your first year. The card has no annual fee. However, if your expenses are big - you may prefer a different card with higher rewards rate.
Let’s take a closer look at the benefits and drawbacks of the Discover it® Chrome card – and whether or not it’s right for your wallet.
- Cashback Rewards
- Discover Matches Cash Back
- No Foreign Transaction Fee
- 0% Intro APR
- No Annual Fee
- Balance Transfer Fee
- Less Merchant Acceptance
- Limit on Cash Back Spending Per Quarter
What is the initial credit limit?
The credit limit that you get with Discover it Chrome Card will at the very lowest be $300. It can be much higher and will depend on your personal financial situation.
How do I redeem cash back?
You can get the rewards in the form of cash, statement credit, or gift cards when you are looking to redeem the rewards that you have earned through the Discover it Chrome Card.
How to maximize rewards on Chrome Card?
If you want to maximize the rewards that you can get through the Discover it Chrome Card, make the most of the quarterly cap on the 2% cashback for gas and dining, as well as the signup offer.
What are the top Reasons NOT to get the Chrome Card?
If you want bigger cashback rates then you might want to look outside of the Discover it Chrome Card and focus on cards that might have special bonus categories.
In This Review..
Benefits
Let’s take a look at the benefits of the Discover it® Chrome Gas & Restaurants Card and see if it’s the right one for your wallet or not.
- Cashback Rewards
The card offers 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter and 1% cash back on all your other purchases.
- Discover Matches Cash Back
One of the key benefits of the Discover It Balance Transfer credit card is that Discover will match ALL of the cash back you’ve earned at the end of your first year having the credit card.
This applies to all purchases that earn 1% cash back as well as all purchases that earn 5% cash back so the potential to earn a lot in cash back rewards is high.
- No Foreign Transaction Fee
Whenever you are traveling outside of the country, you won’t have to worry about using your credit card and incurring fees.
Discover is offering you no foreign transaction fees so swipe away and enjoy buying things on credit while traveling other countries!.
- 0% Intro APR
Discover incentivizes you to switch to the Discover It Chrome credit card by offering a very attractive intro offer which includes 0% APR for 15 months on purchases and balance transfers.
This means you can take your time paying off new purchases, interest-free.
- No Annual Fee
As with all Discover credit cards, you won’t have to pay an annual fee. You also don’t have to pay foreign transaction fees when using your card while traveling.
The fees you will have to pay, however, are a balance transfer fee of 5% if you’re bringing over a balance from a previous credit card.
Drawbacks
Here are the most important cons you should consider before applying:
- Balance Transfer Fee
The Discover It Balance Transfer card does have a balance transfer fee of 3% which could be a drawback for some consumers.
If you have a high balance you’re transferring over, this 3% fee could add up to a lot of money as compared to a credit card that offers 0% transfer fee.
- Less Merchant Acceptance
One of the main drawbacks of the Discover credit card is that merchants may not recognize the card at some stores in the US.
Getting acceptance outside the United States may also be more difficult as compared to Visa or MasterCard.
- Limit on Cash Back Spending Per Quarter
While the 5% cash back is a benefit of this credit card, the drawback is that Discover limits this reward to the first $1,500 spending per quarter.
If you easily achieve $1,500 in spending every quarter, then you may be disappointed that all the additional spending is no longer earning the hefty 5% cash back rate.
Is the Discover it Chrome Card Right for You?
If you want a long time to pay down a credit card balance while still earning cash back on new purchases, the Discover it® Chrome Gas & Restaurants Card is a great option and tough to beat. While it does have a balance transfer fee, it is still comparatively low to other credit cards. The major benefit of this card is if you plan to take advantage of the first 12 months cash back matching reward by Discover.
This card is not for you if you are more focused on transferring your debt balance and paying it down rather than additional spending. Instead, you can find a credit card with an even longer intro balance transfer period to give you more time to pay off the balance. Just watch out for the balance transfer fee.
Compare The Alternatives
There are more cards with cashback on everyday purchases such as gas & restaurants – here are some good alternatives to the Chime card:
|
|
| |
|---|---|---|---|
Chase Freedom Flex℠ Card | Capital One Venture Rewards Credit Card | American Express EveryDay® Card | |
Annual Fee | $0
| $95
| $0
|
Rewards |
1-5%
5% cash back on up to $1,500 in combined purchases on selected categories each quarter and 5% cash back on travel purchased through Chase Ultimate Rewards®. Also, you can earn 3% cash back on dining at restaurants (including takeout and eligible delivery services), drugstore purchases , and 1% on all other purchases
|
2X
2X miles per dollar on every purchase, plus 5X miles on hotels and rental cars booked through Capital One Travel
|
1X – 2X
2X at U.S. supermarkets (up to $6,000 each year), then 1x on all purchases
|
Welcome bonus |
$200
$200 bonus after you spend $500 on purchases in the first 3 months from account opening
|
75,000 miles
75,000 miles once they spend $4,000 on purchases within 3 months from account opening
|
10,000 points
10,000 points after you spend $1,000 in purchases on your new card within the first 3 months
|
Foreign Transaction Fee | 3%
| None
| 2.7%
|
Purchase APR | 20.24%–28.99% variable
| 20.99% – 28.99% (Variable)
| 17.49% – 28.49% variable
|
FAQ
There is a $1,000 cap on purchases each quarter that allows you to get the bonus cashback rates when you are making purchases with the Discover it Cash Back card.
You are not able to get car rental insurance when you have the Discover it Chrome card. This is something that is offered by other types of credit cards.
When you are applying to get a Discover it Chrome Card, there is no out and out request for proof of income and no transparent income requirements.
Yes, pre-approval is possible when you are looking to get the Discover it Chrome Card. This means that a hard credit check can initially be avoided.
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