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About LinkBacksIn case you haven't noticed, the rotating rewards categories and corresponding quarters for Chase Freedom and Discover are nearly identical this year. However, Chase is offering 5% rewards on spending up to $1,500 per quarter. In the first quarter, for instance, Discover is only offering 5% on spending up to $800.
The only significant difference in the calendar categories is during this quarter, 1Q2011, when Freedom is paying 5% on gas and drugstores and Discover is paying 5% on restaurants. For me there will be no reason to carry the Discover card for the rest of the year after I reach $800 in restaurant spending this quarter since Freedom will be offering the same reward categories at the same time and with a higher cap for the remainder of the year.
One other point to consider, Freedom cashback redemptions begin at $20, while Discover makes you wait until you have $50 accrued.
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Centurion Member
- Join Date
- Apr 2009
- Location
- Texas
- Posts
- 542
Chase Freedom and Discover rewards calendars are nearly identical this year.
CARDS (and why)
FIA Card Services: Fidelity Amex (best cash back excepting 5% cards), Fidelity Visa (spare)
Chase: Freedom (only for 5% reward categories, purchases under $10), Sapphire (not in use), Amazon Rewards (for Amazon purchases only)
CapitalOne: No Hassle Rewards (no foreign transaction fee, my only MasterCard, not in use)
Amex: Blue Cash Everyday (not in use)
Discover: More (only for 5% reward categories)
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Platinum Member
- Join Date
- Nov 2010
- Location
- Boston
- Posts
- 62
Surely this is no accident as the two are gunning for the same customers.
Another point to contemplate is the higher cap on 5% offered with the Freedom card.
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Green Member
- Join Date
- Jan 2011
- Location
- New Hampshire
- Posts
- 11
What about the tactic of getting both and switching from one to another once I have reached the rewards ceiling?
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Centurion Member
- Join Date
- Jun 2008
- Location
- Smogland
- Posts
- 1,399
I feel the categories last year on Freedom were better. I liked the education category but that is no longer being offered.
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed. Regardless, anything I say is my honest opinion.
Current Cards: American Express: Blue Cash, Simply Cash Bank of America: WorldPoints Platinum Plus Chase: Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi: Thank You Premier, Dividend Platinum Select Discover: More
Primary Everyday Card: American Express Blue Cash
Primary Travel Card: Citi Thank You Premier
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