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Which card is better Discover or Chase?

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Which card is better Discover or Chase?

If you like to plan your spending months in advance, the Discover it Cash Back is the better choice as Discover releases its full cash-back calendar for the year, whereas Chase only announces Chase Freedom’s bonus cash-back categories by quarter.

Is the Chase Freedom Card worth it?

The Chase Freedom card used to be a decent option for anyone with the tolerance to track their spending in various categories. Getting 5\% cash back, even with a cap of $1,500 in quarterly spending, is a pretty good earn rate for a card that costs you nothing to carry.

What is the difference between Chase Freedom and Chase Freedom Flex?

The Chase Freedom Flex gives an additional 5\% back on up to $1,500 spent in quarterly bonus categories (then 1\% back) and 1\% back on all regular spending. Meanwhile, the Chase Freedom Unlimited offers a flat 1.5\% back on regular, non-bonus purchases.

What is the difference between Chase Freedom Flex and Chase Freedom Unlimited?

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The difference between the two is how they earn in other categories. The Chase Freedom Flex℠ card offers 5\% back on categories that rotate each quarter, up to $1,500 in spending. The Chase Freedom Unlimited® offers 1.5\% back on every dollar spent — no matter the category — with no spending limit on rewards.

What is the Chase Freedom card good for?

The Chase Freedom Unlimited® earns 3\% cash back on restaurants and drugstore purchases, 5\% back on travel booked through Chase and 1.5\% back on other purchases. Put that together and you have a card that can really pile up the cash back.

Is Chase Freedom Flex hard to get?

Chase Freedom Flex credit score requirement is 700 or higher for good approval odds, considering that applicants generally need good credit at a minimum. If you’re not sure whether your credit is good enough for Freedom Flex, you can check your latest credit score for free on WalletHub.

Should I switch from Freedom to Freedom Flex?

If you have the Freedom card, but also want to have Flex, you have two options: Call Chase and request a product change to Flex. Submit a new application for Flex….

Chase Freedom Flex℠ Chase Freedom® credit card
Intro APR 0\% for the first 15 months on purchases N/A since this card is closed to new applicants

Does freedom Flex replace freedom?

Chase has announced a new credit card called the Freedom Flex, replacing the Chase Freedom. The new card offers the same rotating bonus categories but with new ways to maximize rewards. Existing Chase Freedom cardholders can keep their current card or switch to the new one.

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Is Chase Freedom going away?

The Chase Freedom card will be discontinued and closed to new applications on September 14, 2020. Existing Freedom cardholders can choose if they want to keep the Chase Freedom or product change this card to the Chase Freedom Flex℠. A couple of things to keep in mind.

Is Chase Freedom card being discontinued?

Yes, Chase Freedom was discontinued on September 15, 2020, and it is no longer available to new applicants. Current Chase Freedom cardholders aren’t required to change products, though they can upgrade to another rewards credit card from Chase if they’d like.

How much cash back does Chase Freedom give?

The Chase Freedom Unlimited® credit card awards 1.5\% cash back for every $1 spent on all purchases. You also earn 5\% cash back on travel purchases made through Chase Ultimate Rewards® and 3\% cash back on dining purchases at restaurants, including takeout and eligible delivery services, and drugstores.

What is the highest credit limit for Chase Freedom?

Your Chase Freedom credit limit will be a minimum of $500 and a maximum of $15,000 from what I’ve read online. That entirely depends on your credit history, income and debt.

What is the difference between Chase Freedom and discover it cash back?

The Chase Freedom charges a 3\% fee on foreign transactions, whereas the Discover it Cash Back has no foreign transaction fees. The Discover it Cash Back also automatically waives your first late payment fee.

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What credit cards offer cash back?

Discover it Cash Back: For new card members in their first year only, Discover will automatically matches all the cash back they’ve earned at the end of their first year. There is no limit to how much Discover will match. Chase Freedom: Earn $200 cash back after you spend $500 on purchases in your first three months from opening an account.

When can I redeem my discover or chase rewards?

For Discover, you can redeem your rewards at any time for statement credits, gift cards, merchandise and more. For Chase, your rewards can also be transferred to a Chase Ultimate Rewards® card, such as the Chase Sapphire Preferred® Card, which allows you to redeem rewards for travel through the Ultimate Rewards portal and receive 25\% more value.

Is the Chase Freedom the best credit card for Lyft?

If you don’t plan your spending ahead of time but ride Lyft often, the Chase Freedom could be the better choice with their 5\% cash-back partnership. Plus, you can take advantage of transferring points to other Chase Ultimate Rewards cards and receive up to 50\% more value on travel redemption.

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