Discover it® Student Cash Back and Discover it® Chrome for Students are very similar. Redeem your cash back for any amount, any time. That means in order to max out your rewards, you’d need to spend an average of $333 per month on combined dining and gas. I’ve personally found rotating bonus categories to be hard to keep track of. I'm stuck between the Discover IT Student Cash Back card and the Discover IT Student Chrome card. On the surface, the Discover it® Cash Back and Discover it® chrome look similar – they have the same simple exterior with the words “Discover it” emblazoned across the front. Both systems will provide an unlimited cash back rate on every purchase, but the bonus category structure will vary. The difference in earning power though becomes more apparent when you take into account the cash back match that both cards offer after your first year. Plus, earn unlimited 1% cash back on all other purchases – automatically. Which is better for you comes down to if you want a high cash back rate but ever-changing categories you need to sign-up for quarterly or a lower rate and consistency. Good, 3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)*, Either $10 or 5% of the amount of each cash advance, whichever is greater. You’ll earn the 5% cash back rate on up to the first $1,500 spent on bonus category purchases each quarter. Just a heads up that for the first year disco cash back is actually 10%. There’s no minimum spending or maximum rewards. In this video, I am going to be reviewing the Discover It Cash Back rewards card. But heads-up: The Discover it® Cash Back requires that you keep track of rotating categories and remember to activate them each quarter. Rewards never expire. This content is not provided or commissioned by any issuer. Category Winner: Tie, Discover it Cash Back receives a score of 3.9 / 5 from WalletHub’s editors. The Discover it® Student chrome is a better card for prospective students, current students and parents of students and its bonus has a lot of longevity to it, while the Discover it® chrome only lasts the first year. Discover it® Cash Back’s ongoing rewards program offers 1% to 5% cash back and there is no minimum redemption. Excellent It's great for Cash Back … Discover it Chrome for Students vs American Express Blue Delta SkyMiles card. Discover it® Cash Back has a high (5%) bonus cash back rate that applies to the first $1,500 spent in designated categories that change every three months and require activation. Category Winner: Discover it Cash Back if you prefer higher rates, Discover it chrome if want your bonus categories to stay the same. Cash rewards never expire. If you max out the Discover it® chrome’s gas and restaurant bonus categories each quarter, you’d earn an annual total of $80 in cash back. Earn 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, gas stations and when you pay using PayPal, up to the quarterly maximum when you activate. You’ll also earn 1% back on everything else you buy. Chrome is still a good card but you can find better. There’s nothing necessarily wrong with either type of sign-up bonus, but you’ll want to consider which kind appeals most to you. With the Discover it® Cash Back card, if you were to max out your bonus categories each quarter, you could earn an annual total of $300. Both double all the cash back you’ve earned at the end of the first year. 2 / 5. Are gas, groceries, etc to roll over card, called the Discover it ® chrome is for! Apply Now on Wells Fargo's secure website. Our marketing partners don’t review, approve or endorse our editorial content. The consumer card line includes the Discover it® Cash Back, as well as the Discover it® Miles card — which replaced The Miles Card — and the Discover it® chrome card, which replaced The Gasoline Card. Wells Fargo College Cash Card. Before you apply for a credit card we recommend that you review and verify the credit card terms and conditions on the credit card company's web site. Discover it® Cash Back: Discover® … Discover it ® Chrome: Earn 2% cash back automatically at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter. or Winner: Discover it® chrome because of a larger spending threshold for gas spending. Both have the same benefits but the Chrome offers a 2% cash back for gas and eating out and the cash back offers a 5% cash back on everyday purchases at different places each quarter for groceries, gas, restaurants, online shopping, etc. The Discover it® Student chrome is a good introductory card, but the 2% cash-back offer spending cap is $1,000. All Rewards; But I began setting reminders on my phone each quarter to activate my bonus, which has helped. Offers provided to customers who originated via a paid Google or Bing advertisement feature rate quotes on Credit Karma of no greater than 35.99% APR with terms from 61 days to 180 months. Here’s a list of features and benefits that these cards share. Here’s the schedule of bonus categories for 2020. There’s no minimum spending or maximum rewards. With Discover it® chrome, the quarterly 5% rotating categories are replaced with 2% cash back automatically on up to $1,000 in combined purchases at … Instead, it offers a much simpler rewards system. Availability of products, features and discounts may vary by state or territory. However, because the terms are lenient and the fees are low, it’s still a good first-time credit card for students. These two cards have more in common than they do differences. 1 Plus, earn unlimited 1% cash back on all other purchases — automatically. For example, you could receive a loan of $6,000 with an interest rate of 7.99% and a 5.00% origination fee of $300 for an APR of 11.51%. The quarterly adjusting 5% on the it card sounds interesting with 1% back rest of the year. Discover it® Student chrome offers 2% bonus cash back on $1,000 in gas and restaurant purchases each quarter. This site may be compensated through third party advertisers. Both cards give you 1% cash back on all purchases outside of the bonus categories. Chase Freedom Flex℠ — another popular card that offers 5% cash back on rotating bonus categories — uses this “activation” method as well. The Discover it® chrome offers 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter, then 1%. Similar cards option for Students vs American Express Blue Delta SkyMiles card the terms are lenient and the it®... Committed to ensuring digital accessibility for people with disabilities span ) $ 150 cash back is actually 10.. 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