Discover cash back foreign transaction fee11/20/2023 Plus, earn unlimited 1% cash back on all other purchases – automatically, the Discover it® Cash Back‘s top earning category surpasses the Discover it® Chrome’s best cash-back earning potential. ![]() With 5% cash back on everyday purchases at different places each quarter up to a quarterly maximum of $1,500 in spending when activated. At 1% cash back on the remaining purchases, the Discover it® Chrome would earn an additional $ 321.77 in cash back for a total annual earnings of $401.77 before the CashBack Match.ĭiscover it® Chrome vs. Forbes Advisor estimates that this sample household has $ 32,177 in remaining expenses that can be reasonably charged to a credit card. Plus, earn unlimited 1% cash back on all other purchases. If you max out each quarter’s bonus, that equals $80 in cash back each year. With the Discover it® Chrome, you’ll earn 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter. The 70th percentile of wage-earning households bring in $116,000 annually and we base spending on that number. Forbes Advisor uses data from various government agencies in order to determine both baseline income and spending averages across various categories. To determine the rewards potential of the Discover it® Chrome we have to look at the bonus categories and estimate what an example American household might spend in those areas. Rewards never expire and are credited to the account when it is closed. You can use your rewards towards purchases on and PayPal or redeem them for gift cards starting at $5. One nice perk of the Discover it® Chrome is it’s easy to make cash-back redemptions of any amount available at any time. Discover Cashback Match doubles that for the first year, so that’s a $160 maximum reward from the top earning categories in the first year only. When leveraging the maximum benefit from the 2% bonus categories, cardholders can earn $20 in cash back per quarter, or $80 per year. Plus, earn unlimited 1% cash back on all other purchases. The Discover it® Chrome earns 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter. As a balance transfer card, the introductory APR period and balance transfer fee lacks the pizzazz of some of the lengthier offers on other cards. With just-OK cash-back rewards, the card’s main saving grace is the first-year cash-back match. It has no traditional welcome bonus, but Discover Cashback Match™ doubles all cash back earned at the end of the first year as a cardholder. ![]() The rewards structure of the Discover it® Chrome includes 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter. The intro period is generous, but a few balance transfer cards offer even longer promotional periods of 18 months or longer. A balance transfer fee of up to 5% of the amount transferred applies. Then, a standard rate of 17.24% - 28.24% variable applies. It offers a It offers a 0% introductory APR for 15 months on purchases and eligible balance transfers. The Discover it® Chrome’s most attractive feature is its introductory APR on purchases and balance transfers.
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