CarefulBuilder14 wrote:I'll still use Freedom for 5% categories - but Discover largely matches Freedom's categories this year. And Freedom now loses to Discover in a tie. With no 10% more, Discover's cheap gift cards become more attractive to plain cash back.
For long-time Freedom and It holders - are the categories usually as similar as they have been in 2014?
Usually, yes, they are the same. Biggest difference is Chase seems to have done gas 2x a year, Discover 1x. Nothing is guaranteed. Now, in 4th quarter, Chase only does certain shopping 5%, but Discover does ALL online shopping for 5% off. Again, nothing is guaranteed forever.
I can redeem $40 of available cash back for a $50 Eddie Bauer gift card. So, really, that's 1.25% back since you get the extra $10 when redeeming $40. Different stores will vary though. To me, that makes my It Chrome 2.5% on gas/restaurants and 1.25% on everything else (vs the 2% on gas/eating out and 1% on everything else) if I redeem for that. I do buy a lot of my winter sweaters for work at Eddie Bauer, so that's a win.