discover_itChase 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:

Discover it®

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…]

chase-logoChase Freedom® and the Discover it® card are two of the most popular reward cards on the market. They both offer 1% cash back on all purchases, and an additional 4% cash back on purchases from select categories of merchants that change each quarter, on up to $1,500 of eligible spending each quarter. There is no annual fee for either card.

Lets see how those two cards stack up against each other:

Rewards

Both Discover it® and Chase Freedom® offer cash back in the form of gift cards, merchandise, statement credits and other options. However, Chase actually grants Ultimate Rewards points, which can have additional value to those who also hold a Sapphire Preferred, Ink Bold, or Ink Cash card. These cardholders can transfer points to airline and hotel partners, increasing the value of the rewards. So Freedom has a slight advantage. [click to continue…]

Rewards Pro – Is Retail Purchase Protection More Generous Than You Know?

August 22, 2014
Rewards Pro – Is Retail Purchase Protection More Generous Than You Know?

When you are approved for a credit card, the card comes in the mail a few days later, along with a booklet that details all of the benefits of this card. Most people just throw away this brochure full of fine print, but as a credit card expert, my job is to actually read it. […]

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Choosing The Right Discover Offer

August 20, 2014
Choosing The Right Discover Offer

The card does a great job of trying to be one card for all purposes. It features introductory financing offers, rewards for spending, and a range of other features and benefits. In addition, it also comes in three different versions. Here are those versions, and who should apply for which: with 14 months of interest […]

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No-Fee Barclaycard Arrival Vs. Citi ThankYou Preferred

August 18, 2014
No-Fee Barclaycard Arrival Vs. Citi ThankYou Preferred

Many credit card users want to earn as many rewards as possible, but without paying an annual fee. Citi offers its ThankYou Preferred card while  Barclaycard has a no-fee version of its Arrival card that feature bonus rewards for dining, and no annual fee. Lets see how these cards compare: Earning rewards The offers double […]

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U.S. Bank FlexPerks Travel Rewards Visa Signature card

August 15, 2014
U.S. Bank FlexPerks Travel Rewards Visa Signature card

Reward card holders are often frustrated with airline miles. Carriers are constantly devaluing their miles by requiring more miles for the same trips and reducing award availability to near zero on coveted flights. One alternative is to use a credit card that offers its own travel rewards points that can be redeemed for flights on […]

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Best 0% APR Offers For August

August 13, 2014
Best 0% APR Offers For August

There are two ways to enjoy promotional financing offers from credit cards. One way is to spend the money first, and then hope to qualify for a 0% APR balance transfer offer. Yet in most cases, these balance transfer offers require the addition of a 3% balance transfer fee to your new balance. So if […]

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Best Travel Rewards Promotions for August

August 11, 2014
Best Travel Rewards Promotions for August

This August, travel is on the minds of many Americans. It is not just summer break, but savvy travelers are now looking to earn rewards for Thanksgiving, the winter holidays, and even spring break 2015. This August, there are several exceptional travel rewards credit cards being offered: This card is one of the best no-fee […]

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