Chase Freedom Flex vs. Discover it Cash Back!

The Chase Freedom Flex and Discover it Cash Back are two excellent cash back credit cards that are really similar. So, which one is best for you? Let’s compare them and find out! Click “Show More” to see Ad Disclosure.

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(Incl. Chase Freedom Flex)
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Let’s begin our comparison of two of the best cash back credit cards with no annual fee!

1. WELCOME OFFERS (May 2022)

Chase Freedom Flex
Earn $200 Cash Back in the form of 20,000 Chase Ultimate Rewards points after spending $500 in the first 3 months. Also earn 5% cash back at Gas Stations in Year 1 on up to $6,000 spent. Plus, receive a 0% APR on purchases & balance transfers for 15 months, then 15.24% - 23.99%. The max value will be $500.

Discover it Cash Back
Discover will match all the cash back earned in Year 1. Max value is unlimited.

2. ANNUAL FEES

Chase Freedom Flex = $0
Discover it Cash Back = $0

3. EARN CASH BACK

Chase Freedom Flex
- 5% Quarterly Categories: Up to $1.5K/qtr.
- 5% Travel via Chase Ultimate Rewards portal
- 3% Dining
- 3% Drugstores
- 1% Other

Discover it Cash Back
- 5% Quarterly Categories: Up to $1.5K/qtr.
- 1% Other

4. REDEEM CASH BACK

- Statement Credit (manual): Both
- Statement Credit (automatic): Only Discover it
- Direct Deposit (same bank): Both
- Direct Deposit (other banks): Both

5. CREDIT CARD BENEFITS

- Cash Back Rewards Do Not Expire: Both
- No Minimum Redemption Amount: Both
- Partner Benefits (Lyft, Fandango, ShopRunner, HelloFresh): Only Chase Freedom Flex
- View Credit Score: Both
- Foreign Transaction Fees: Chase Freedom Flex = 3% | Discover it Cash Back = None
- Authorized Users: Both, $0 each
- Choose Card Design: Only Discover it

6. INSURANCE & PROTECTIONS
- Zero Liability Protection: Both
- Purchase Protection: Only Chase Freedom Flex
- Extended Warranty Protection: Only Chase Freedom Flex
- Trip Cancellation / Interruption Insurance: Only Chase Freedom Flex
- Auto Rental Collision Damage Waiver: Only Chase Freedom Flex
- Travel & Emergency Assistance Services: Only Chase Freedom Flex
- Cell Phone Protection: Only Chase Freedom Flex

7. WHICH IS BEST?

Chase Freedom Flex is best for…
- Spending on travel, dining, and drug stores
- Insurance & protections
- Multi-card setup for travel with Chase (Chase Trifecta)

Discover it Cash Back is best for…
- No foreign transaction fees
- Automatically redeem cash back rewards
- Multi-card setup for cash back

8. WHICH ONE TO GET?

Get the CHASE FREEDOM FLEX if you…
- Spend in the 5% Quarterly Categories
- Spend on Travel & willing to do so via Chase UR portal
- Value partner benefits
- Want to build a multi-card setup for Travel w/ Chase (Trifecta)
- Value cell phone protection & other insurance coverages
- Value transfer partners when combined w/ CSP or CSR

Get the DISCOVER IT CASH BACK if you…
- Spend in the 5% Quarterly Categories
- Want No Foreign Transactions Fees (and travel to destinations that accept Discover cards)
- Don’t need / want insurance & protections
- Want to redeem rewards automatically
- Have a lower credit score
- Are over the Chase 5/24 Rule

Get BOTH credit cards if you…
- Want to build a multi-card setup for cash back.
- Examples on cards that work well together are cash back credit cards with no annual fee, like…
- Chase Freedom Flex card
- Discover it Cash Back card
- Bank of America Customized Cash Rewards card
- U.S. Bank Cash+ card
- Citi Custom Cash card
- Wells Fargo Active Cash card / Citi Double Cash card / Other 2% cash back credit cards

Disclosure: This site is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. Mark Reese is not a financial advisor.

#chasefreedom #discoverit #cashbackcreditcards