Discover it® Chrome Review: Mediocre Cash Back, Great for Balance Transfers

Updated: June 24, 2024

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MoneyGeek’s Take

The Discover it Chrome card caters to your gas and dining purchases with 2% cash back. There’s a cap on these categories, but unlike with other cards, you don’t need to activate them. Although its cash back is not as high as some other cards, it has a lengthy 0% intro APR period on balance transfers, making it a great option if you’re looking to manage existing credit card debt.

Discover it® Chrome
Credit Card logo for Discover it® Chrome
MoneyGeek Rating
3.8/ of 5

Balance Transfer APR5% of the amount of each transfer after intro fee
Annual Fee$0
Recommended Credit670-850 (Good to Excellent)

Discover it Chrome Card Overview

The Discover it Chrome offers 2% cash back on gas and dining for up to $1,000 in combined purchases each quarter and 1% on all other purchases. It also has a first year cash back match feature, which effectively doubles the rewards for new cardholders.

Its cash back system is fair, but the most appealing feature of this card is its 18-month 0% intro APR on balance transfers. This extended period offers relief for managing existing debt from non-Discover cards. Its six-month no-interest period on new purchases is nice to have but relatively short compared to other cards.

If your primary goal is debt reduction, the Discover it Chrome is an excellent choice, thanks to its lengthy no-interest period on balance transfers. You can consider the cash back on essentials as a bonus to help you reduce your balance. However, if earning cash back is your priority, other cards may offer higher rates and more favorable terms.

MORE>> MoneyGeek's Best Cash Back Credit Cards

Discover it Chrome Card Details

Features
Details

Card Uses

  • Cash back
  • Balance transfer

Annual Fee

$0

Introductory Offer

Unlimited cash back match for all new card members – Discover will automatically match all the cash back you've earned at the end of your first year

Introductory APRs

  • 0% intro APR period for 18 months on balance transfers
  • 0% intro APR period for six months on purchases

Rewards

  • Earn 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter, automatically
  • Earn unlimited 1% cash back on all other purchases

Rewards Program Overview

The Discover it Chrome card rewards everyday spending with a straightforward cash back program. The card offers 2% cash back on up to $1,000 in combined gas and restaurant purchases each quarter, and all other purchases earn an unlimited 1% cash back.

In addition to the primary rewards, Discover it Chrome features a unique cash back match at the end of your first year. This means that every dollar you've earned in cash back will be matched, effectively doubling your rewards for that year without any limits.

The cash back you earn does not expire, and you can redeem them anytime as cash, statement credit, gift card (starting $5) and payment for Amazon or Paypal.

Benefits: Reasons to Consider This Card

The Discover it Chrome is a great balance transfer card with fair rewards.

Intro APR on Balance Transfers. With an 18-month 0% intro APR period on balance transfers, this card is a good option for those looking to consolidate and pay off existing debt from non-Discover cards without accruing more interest.

Cash Back on Gas and Dining. The card lets you earn 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter.

No Annual Fee. Like other cash back cards, you don’t need to pay an annual fee for this card.

Drawbacks: Reasons to Consider a Different Card

The Discover it Chrome card has some disadvantages compared to similar no-annual-fee cards. Consider these drawbacks before getting this card.

Spending Cap on Bonus Categories. The 2% cash back on gas and dining is limited to $1,000 per quarter. If you spend more than $333 per month on those categories, you’ll reach the cap and all your subsequent purchases will only get 1% cash back. Cards like the Capital One SavorOne Cash Rewards don't have spending caps for its bonus categories.

Low Cash Back Rate. The Discover it Chrome’s bonus and regular cash back rate is low compared to similar cards. Many cards offer at least 3% on their bonus categories, with some like the Discover it® Cash Back offering up to 5% cash back. Moreover, most flat-rate cards give at least 1.5% back on all purchases — the Citi Double Cash® card provides 2% cash back on everything.

High Spend Required for Cash Back Match. Other cash back cards with welcome bonuses pay $200 after you spend between $500 and $1000 in the first three to six months. To earn $200 cash back on the Discover it Chrome, you'd need to spend $16,000 and wait 12 months to get your match amount.

How Discover it Chrome Compares

To help you find the best cards for your needs, we’ve compared Discover it Chrome with other cash back cards.

Discover it Chrome vs. Discover it® Cash Back

The Discover it Cash Back, also from the same issuer, earns 5% cash back on rotating categories quarterly upon activation and 1% for all other purchases. It also comes with the same cashback match feature and 15-month 0% intro APR offer. Choose the Discover it Cash Back if you don’t mind quarterly activations to get higher rewards.

Credit Card logo for Discover it® Cash Back Card
MoneyGeek Rating
3.8/ of 5
Rates & Fees

Discover it Chrome vs. Capital One Quicksilver Cash Rewards

The Capital One Quicksilver Cash Rewards offers 1.5% cash back on all purchases, a $200 welcome bonus and a 15-month 0% APR on balance transfers and purchases. Although its cash back rate is lower than Chrome's bonus rate, you’d get a more consistent cash back from the Quicksilver Cash Rewards.

Credit Card logo for Capital One Quicksilver Cash Rewards Credit Card
MoneyGeek Rating
4.5/ of 5
Rates & Fees

Aside from the Discover it® Cash Back and Citi Double Cash®, we also compare Discover it Chrome with these cards:

Cards to Pair With Discover it Chrome

Pairing the Discover it Chrome with a card that offers higher cash back in different categories can be a savvy move. The Capital One SavorOne Cash Rewards complements the Discover it Chrome by offering 3% cash back on dining, entertainment and grocery stores, without the spending cap imposed on the Discover card's bonus categories.

This strategy allows you to use the Discover it Chrome for gas (a category that doesn’t enjoy SavorOne’s 3% cash back) and the Capital One SavorOne for other purchases, ensuring you're always earning more than the standard 1% cash back. With no annual fees on either card, this combination can help maximize your rewards without extra costs.

Credit Card logo for Capital One SavorOne Cash Rewards Credit Card
MoneyGeek Rating
4.6/ of 5
Rates & Fees

Is Discover it Chrome Cash Back Right for You?

The Discover it Chrome card is an option for people looking to consolidate credit card debt. It has an 18-month no-interest period on balance transfers. As an added perk, you get 2% cash back on common spending categories.

However, if your goal is to get returns on your purchases, the card’s cash back structure (even on its bonus categories) becomes less appealing unless you spend heavily with the card, and at that level, it’s just better to get other cards.

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THE BEST CASH BACK CARDS OF 2024

Want to explore options beyond the Discover it Chrome? We ranked the Best Cash Back Credit Cards and the Best Balance Transfer Cards to help you find a card that matches your needs and lifestyle.

How We Evaluated The Discover it Chrome Card

Our evaluation of the Discover it Chrome card involved a comprehensive review of 105 cards. We considered several key features, with the following weights indicating their importance in our scoring system:

  • Balance Transfer Score (50%): A top rating reflects an exceptional balance transfer offer.
  • Cash Back Score (10%): A high rating indicates a highly rewarding cash back program.
  • No Interest Score (25%): This measures the value of introductory no-interest offers.
  • Gas Score (15%): A top score denotes excellent rewards for gas purchases.
  • Dining Score (15%): This reflects the rewards earned on dining expenses.
  • Grocery Score (5%): A high rating indicates strong grocery rewards.
  • Online Shopping Score (5%): This measures rewards for online purchases.

About Doug Milnes, CFA


Doug Milnes, CFA headshot

Doug Milnes is a CFA charter holder with over 10 years of experience in corporate finance and the Head of Credit Cards at MoneyGeek. Formerly, he performed valuations for Duff and Phelps and financial planning and analysis for various companies. His analysis has been cited by U.S. News and World Report, The Hill, the Los Angeles Times, The New York Times and many other outlets.

Milnes holds a master’s degree in data science from Northwestern University. He geeks out on helping people feel on top of their credit card use, from managing debt to optimizing rewards.


sources
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