NEW Discover It Chrome Card: No Fuss Rewards

By Lynn Truong. Last updated 3 November 2014. 0 comments

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When the Discover it card hit the scene, it made waves with hype from their marketing campaign. It offered 5% cash back on special rotating categories, as well as a shopping portal that promised 5%-20% cash back at popular stores. They've just released the Discover it chrome. Let's take a look at what new benefits they're offering.

Card Benefits

Unlike the original Discover it card, instead of rotating categories, the Discover it chrome offers 2% cash back at gas stations and restaurants (up to $1,000 combined each quarter, no sign-ups needed). All other purchases earn 1% cash back.

You do still get the online shopping benefits from using their shopping portal, with 5-20% cash back at 200+ online retailers like Apple Store, Macy's, and Best Buy.

This credit card comes with a great 18 month 0% introductory APR balance transfers (only 6 months for purchases). There are no foreign transaction fees and no annual fee.

Other Benefits

The company has long been ranked highly for customer service, promoting the fact that a real person will answer your call in seconds. You'll also get a free FICO credit score monthly.

As expected for most credit cards, Discover it chrome comes with a $0 fraud liability guarantee, as well as rental car insurance and emergency travel assistance.

Costs

There is no annual fee for the Discover it chrome card. However, there are other costs. If you carry a balance, your APR will be between 10.99% and 22.99%, depending on your credit score. Additionally, if you decide to transfer a balance, you will pay a 3% fee. This is charged even if you are transferring a balance during the 0% APR introductory period.

Pros

The new Discover it chrome card is targeted to those looking for no-fuss cash rewards. Instead of keeping track of quarterly rotating categories (that you have to sign up for each quarter), they offer a simple 2% cash back on gas and restaurant purchases. If those two items are high on your monthly expense list, then this card is perfect.

Additionally, Discover's online mall can bring you up to 20% cash back — without the need to worry about categories. If your favorite store offers a gift card on Discover's bonus program, you can really benefit. And, it's convenient that you can use your rewards to directly pay on Amazon.

The flexibility of the Discover it chrome card is also a plus. You have the ability to pay online or by phone up until 11:59 p.m. on your payment's due date; many credit cards insist that you pay by 3 p.m., 5 p.m., or 7 p.m. for the payment to be properly credited. It's also nice that the flexibility of the Discover It card includes no foreign transaction fee, making it ideal for travelers.

Plus, get a free FICO® Credit Score online and on your monthly statement to help you stay on top of your credit.

Finally, the card offers a very good 18-month introductory APR, the longest time period of 0% APRs offered in the credit card industry as of this writing.

Cons

Having only two bonus categories can limit your cash rewards. Additionally, 2% is not as high as the 5% that the Discover it card offers (albeit on rotating categories). The Discover it chrome card also limits your cash rewards to $1,000 of combined gas/restaurant purchases per quarter.

Who This Card Is Best For

Like many cash back credit cards, the Discover it chrome card is ideal for those who want to earn money on their regular spending, specifically for spending on gas, restaurants, and online shopping.

Because this card comes with a generous 0% APR, it can be ideal for those who are trying to pay down debt by consolidating balances via 0% balance transfer offers. As with most rewards credit cards, Discover it chrome works best when you pay off your balance each month so that the interest you pay doesn't offset your cash back earnings.

Those with poor credit who carry balances may not get the best use of this card once the introductory period is over, since the interest rate is a rather high 22.99% for those at the lower end of the credit score scale.

For those looking for a reasonable, straightforward cash rewards program — and if you travel overseas and want to avoid transaction fees — the Discover it chrome card is well worth carrying.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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