Jordan November 12th, 2019

Our Take

NerdWallet rating ?
NerdWallet's ratings are determined by our editorial team. The scoring formula takes into account the type of card being reviewed (such as cash back, travel or balance transfer) and the card's rates, fees, rewards and other features.

4.5

The bottom line: If you're OK with a shorter interest-free window, other cards earn ongoing rewards or feature lower balance transfer fees.
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Chase Freedom®

ANNUAL FEE

$ 0

REGULAR AFR

INTRO APR

$150

RECOMMENDED CREDIT SCORE
690-850

See your approval odds

Quick Facts

  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
  • Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories each quarter!
  • Unlimited 1% cash back on all other purchases – it’s automatic
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 16.74 – 25.49%.
  • 3% intro balance transfer fee when you transfer a balance during the first 60 days your account is open, with a minimum of $5.
  • No annual fee
  • Cash Back rewards do not expire as long as your account is open and there is no minimum to redeem for cash back.
  • Free credit score, updated weekly with Credit Journey℠

Pros & Cons

Pros

  • No annual fee
  • 5% rewards on rotating categories
  • Access to Chase’s Ultimate Rewards site to earn more cash back

Cons

  • If you value simplicity, a flat rate cash back card may be better
  • A foreign transaction fee
Compare to Other Cards
Blue Cash Preferred® Card from American Express
RECOMMENDED CREDIT SCORE

690- 850

Best For

CASH BACK AT U.S. SUPERMARKETS AND U.S. GAS STATIONS

Annual fee

$ 95

Rewards rate

1%-6%

Intro Offer

$250

Pros

Pros

  • Leading cash-back rewards at U.S. supermarkets
  • Bonus offer for new cardholders
  • Intro APR period on Purchases and Balance Transfers

Cons

Cons

  • Has annual fee — but if you spend more than $31 per week at U.S. supermarkets, the rewards offset the fee
  • American Express isn’t accepted at as many merchants as Visa or Mastercard
  • $25 minimum redemption

Chase Freedom®
RECOMMENDED CREDIT SCORE

690- 850

Best For

5% BACK ON ROTATING CATEGORIES

Annual fee

$ 0

Rewards rate

1%-5%

Intro Offer

$150

Pros

Pros

  • No annual fee
  • 5% rewards on rotating categories
  • Access to Chase’s Ultimate Rewards site to earn more cash back

Cons

Cons

  • If you value simplicity, a flat rate cash back card may be better
  • A foreign transaction fee

Discover it® Cash Back
RECOMMENDED CREDIT SCORE

800- 937

Best For

A FIRST-YEAR CASH BACK MATCH FOR NEW CARDMEMBERS

Annual fee

$ 0

Rewards rate

1%-5%

Intro Offer

Cashback Match™

Pros

Pros

  • Cash back match at the end of your first year
  • Bonus cash back categories
  • No annual fee
  • Intro APR period on Purchases and Balance Transfers

Cons