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Rotating cash back credit cards with quarterly bonus categories can make great financial tools to save money across the everyday categories you spend most. And while categories that change quarterly might require more strategizing than other types of cash back cards, these cards often offer boosted rewards rates to help you maximize spending.
Two of the most popular cards in this category are the Chase Freedom Flex℠ and the Discover it® Cash Back. Both offer 5% back in rotating bonus categories (up to $1,500 in quarterly spending), an introductory APR for purchases and balance transfers, and other benefits to help put more cash back in your wallet.
But if you’re considering a rotating cash back card, there are distinct differences that can help you determine which of these options is a better fit for you. Here’s what you need to know to decide between the Chase Freedom Flex and Discover it Cash Back cards.
Side by Side Comparison
| Chase Freedom Flex | Discover it Cash Back | |
|---|---|---|
| Annual Fee | $0 | $0 |
| Welcome Offer | $200 bonus when you spend $500 within three months of account opening | Cashback Match: Discover will double all your rewards after the first year |
| Cash Back Rewards | Earn 5% back on up to $1,500 spent in quarterly rotating categories (then 1% back)
Earn 5% back on the first $12,000 you spend at grocery stores the first year (then 1% back) Earn 5% back on travel through Chase and Lyft rides (through March 2022) Earn 3% back on dining and drugstore purchases Earn 1% back on other spending |
Earn 5% back on up to $1,500 spent in quarterly rotating categories (then 1% back)
Earn 1% back on other spending |
| Other Benefits | • 0% APR on purchases and balance transfers for 15 months, followed by a variable APR of 14.99% to 23.74%
• 3 months of DashPass membership from DoorDash • Cell phone protection • Extended warranties • Trip cancellation and interruption insurance • World Elite Mastercard benefits like a ShopRunner membership, credits for Lyft ……. Source: https://time.com/nextadvisor/credit-cards/comparisons/chase-freedom-flex-vs-discover-it/ |