Discover it Chrome Credit Card

Flavia Rozinholli
August 16, 2024

The Discover it Chrome credit card is a popular choice among consumers seeking simple cash rewards. With an emphasis on everyday spending, this card offers benefits that stand out in the cashback market.

By getting yours, you can shop anywhere Mastercard is accepted, and your spending turns into incredible rewards. Another very positive point is that there is no annual fee.

In this article, we will cover what makes this an attractive card and the points to consider before applying for it. At the end, you will also find a step-by-step guide on how to apply and start earning cashback—let’s go!

About the Issuer

The Discover it Chrome credit card is issued by Discover Financial Services, one of the largest financial institutions in the United States. Discover is known for its straightforward, no-nonsense approach, offering financial products with clear and transparent advantages.

With a commitment to innovation, Discover provides a range of digital tools that make managing the card easier, such as free credit monitoring and real-time notifications. Additionally, the company is recognized for its customer service, which has received multiple awards over the years.

If you’re looking for a reliable issuer with a good reputation in the market, Discover could be a solid choice. Keep reading to better understand the benefits of the Discover it Chrome credit card.

Benefits

Cashback on Gas and Restaurants: The Discover it Chrome offers 2% cashback on purchases made at gas stations and restaurants, limited to $1,000 in combined purchases each quarter. After reaching this limit, the cashback is 1% on all other purchases.

First-Year Cashback Match: One of the biggest attractions of the Discover it Chrome is the “Cashback Match” offer, where Discover matches all the cashback accumulated in the first year of using the card. This means that if you earn $100 in cashback during the first year, Discover will add another $100 to your balance, doubling the accumulated amount.

No Annual Fee: The card does not charge an annual fee, meaning you can keep the card at no additional cost and continue accumulating rewards.

Promotional APR: The card offers an introductory interest rate of 0% for purchases in the first 6 months and for balance transfers in the first 18 months.

Flexible Cashback Redemption Options: Cashback rewards can be redeemed in various ways, including statement credits, bank deposits, donations to charity, and even as payment for purchases on Amazon.

No Late Fee on First Payment: Discover waives the late fee the first time you miss a payment, offering a second chance without additional penalties.

Free Access to FICO Score: Cardholders have free access to one of their FICO scores, making it easier to monitor credit over time.

Discover it Chrome Credit Card – Fees and commissions

The Discover it Chrome card does not charge an annual fee, making it an affordable option for those looking to avoid extra costs. Interest rates range from 18.24% to 28.24% after the promotional period, depending on your credit history.

Additionally, the card offers a promotional 0% rate for balance transfers in the first 18 months and 0% on purchases in the first 6 months.

Note: Interest rates and conditions may change, so it’s important to check the updated terms on the Discover website before applying for the card.

Card limit

The Discover it Chrome offers a minimum credit limit of $500, but this amount may vary depending on the applicant’s financial profile. If approved, your credit limit will be determined based on your credit analysis and can be increased over time depending on your responsible card use.

For those looking for a fair initial limit, the Discover it Chrome can be a good option. However, it’s important to use the card responsibly to ensure a future limit increase.

Positive points

No Annual Fee:
One of the biggest advantages of the card is the absence of an annual fee.
Generous Cashback:
The 2% cashback at gas stations and restaurants is a relevant benefit.
First-Year Cashback Match:
This is a unique opportunity to double your rewards in the first year of use.

Negative points

Low Initial Limit:
For some users, the initial $500 limit may be restrictive.
Variable Interest Rates::
Interest rates can be high after the promotional period, depending on your credit.
Cashback Limit:
The 2% cashback is limited to $1,000 per quarter, which may be insufficient for those who spend a lot.