Discover it® Cash Back vs. Discover it® Chrome
What to consider when applying for cash back cards
When you’re applying for a cash back credit card, you need to consider how much time, thought and effort that you can put into your rewards strategy. If you’re passionate about maximizing your cash back–earning potential and don’t mind juggling multiple cards — if it means more cash in your pocket — then the Discover it® Cash Back could be a great card to add to your wallet.
But if you want a credit card that you can “set and forget,” a flat-rate cash back card might be a better choice for you.
Redemption flexibility is something else you’ll want to consider. For instance, while both of the Discover cards have no minimum amounts for cash back redemption, some cards have higher cash redemption minimums.
Finally, you may want to consider available sign-up bonuses before choosing a cash back card. While the cash back match that the Discover cards offer could be considered a valuable sign-up bonus, you have to spend more to earn more. Other cash back cards offer a flat sign-up bonus if you reach the minimum spending requirement (usually within a three-month span).
There’s nothing necessarily wrong with either type of sign-up bonus, but you’ll want to consider which kind appeals most to you.