Discover More vs. Chase Freedom

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The Discover More card is no longer available. If you’re looking for a Discover card, check out the Discover it®.

If you are looking for a credit card that gives you cash back and has a 0% introduction APR, you may want to decide between the Discover More card and Chase Freedom. They both offer similar features, with some significant differences.

Credit cards are convenient and make life easier in many ways. A cash back card is even better because every time you use it you earn money that goes back into your pocket.

The terms and features of available card are what will make the best choice clear. Consider when and how you use a credit card when reviewing those below. Then, choose between these two credit cards to enjoy the benefits.

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Discover More Card Terms

  • Annual Fee: $0
  • Credit Line: $500 and up, depending on your credit score and other factors
  • Introduction Purchase APR: 0% for 15 months
  • Purchase APR: 10.99 to 19.99%, depending on your credit score
  • Introduction Balance Transfer APR: 0% for 15 months
  • Balance Transfer APR: 10.99% to 19.99%, depending on your credit score
  • Cash Advance APR: 24.99%
  • Penalty APR: 15.99% to 24.99%, based off of credit score
  • Grace Period: 25 days
  • Minimum Interest Charge: $0.50
  • Balance Transfers: 3% of the balance amount that you are transferring over
  • Cash Advances: Either 5% of cash advance amount or $10, whichever is the greater amount
  • Late Payment: up to $35
  • Returned Payment: up to $35

Discover More Card Features

Discover More Credit CardThe More card from Discover offers multiple benefits, many in the form of cash back. The nice thing about the More credit card is that unlike many other reward credit cards, there is no annual fee for using the card and taking advantage of the cash back rewards.

The reward system with the Discover More card is based on the products that you are purchasing with the card. Some things earn you more cash back than others.

For earning cash back on your purchases, Discover will give you 5% back for purchases in certain categories such as department stores, restaurants, and gas. In order to take advantage of these 5% programs you must sign up for them. There is also a limit of how much you can earn each quarter.

Discover also offers bonus cash backs of up to 20% at certain retailers.

These are online retailers that have formed an affiliation with Discover and it is called ShopDiscover. You can earn an unlimited amount through shopping at these online retailers.

Chase Freedom Terms

  • Annual Fee: $0
  • Introduction Purchase APR: 0% for 15 months
  • Purchase APR: 12.99 to 22.99%, depending on your credit score
  • Introduction Balance Transfer APR: 0% for 15 months
  • Balance Transfer APR: 12.99% to 22.99%, depending on your credit score
  • Cash Advance APR: 19.24%, unless your APR for purchases is 22.99%; then it is 23.24%
  • Overdraft Advance APR: 19.24%, or 23.24% if you have a purchase APR of 22.99%
  • Penalty APR: 29.99%
  • Grace Period: 21 days
  • Minimum Interest Charge: $1.50
  • Balance Transfers: 3% of the balance amount that you are transferring over, or $5
  • Cash Advances: Either 3% of cash advance amount or $10, whichever is the greater amount
  • Foreign Transactions: 3%
  • Late Payment: up to $35
  • Return Payment: Up to $35
  • Over Credit Limit: up to $35

Chase Freedom Features

Chase Freedom Credit CardThe Freedom card from Chase is similar to the Discover card. It, too, offers an intro APR of 0% for the first 15 months for both balance transfers and purchases and there is no annual fee. One difference from Discover More is that the interest rate is a bit higher after the introduction period.

In order to avoid the higher interest rate, make sure that your credit history is good. To improve your score, get tips from My Fico. Also avoid the high penalty APR by paying your bill on time, not having a returned check, and not exceeding your credit line.

As with the Discover card, Chase offers 5% cash back on many of your purchases. There is a limit of how much you can earn each quarter and the categories change every three months. As with the More card, you do need to sign up and activate these categories every quarter.

For regular purchases with the Chase Freedom you get 1% cash back, which is unlimited and the rewards don’t have an expiration date.

The maximum percentage of cash back is 10% when you shop at select online merchants, plus you earn $100 in cash if you purchase $500 worth on the card in the first three months you own the card.

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Disclaimer: This content is not provided or commissioned by American Express, Visa, MasterCard, Discover, or any other credit card company or issuer. The opinions expressed here are the author's alone, not those of any credit card company or issuer, and have not been reviewed, approved or otherwise endorsed by any credit card company or issuer. Credit Card Chaser may be compensated through various affiliate programs with advertisers. As always, Credit Card Chaser is an independent website commmitted to helping people research credit card offers and find the best credit card!

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