Chase Freedom® and Discover it® have both hit on winning formulas for credit card users. Both offer cash back rewards in the form of 1% for all purchases and an additional 4% for purchases from select categories of merchants that change each quarter, on up to $1,500 of eligible spending each quarter. Both cards also come with competitive promotional financing offers on both new purchases and balance transfers. There is no annual fee for either card.
So one way to decide between these two cards is to consider the other benefits offered:
The Discover it® card has no penalty interest rate and will automatically waive cardholder’s first late fee. This means that customers will not see their interest rate rise if they happen to make a late payment. Discover also offers a lower rate or lower payment should cardholders loose their job. [click to continue…]