The Discover it® Chrome Gas & Restaurant Credit Card is an excellent choice for anyone looking to earn rewards on gas station and restaurant purchases. Offering a fantastic combination of cash back, low fees, and a rewards match at the end of your first year, this card is ideal for frequent drivers and dining enthusiasts.
Whether you’re filling up on a road trip or treating yourself to a meal at your favorite restaurant, this card allows you to earn rewards automatically, making your spending work for you. With no annual fee and the ability to earn 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter, the Discover it® Chrome is a flexible option for everyday spending.
Moreover, with a dollar-for-dollar match of all the cash back you earn during your first year, it’s easy to see why this card stands out. In the following sections, we will explore the features, benefits, and potential drawbacks of this card to help you determine if it’s the right fit for you.
Key features of the Discover it® Chrome Gas & Restaurant Credit Card
How does the annual fee work?
One of the standout features of the Discover it® Chrome is its no annual fee. This is a significant benefit, as many credit cards charge an annual fee, which can quickly eat into the value of any rewards earned. With the Discover it® Chrome, you can enjoy the perks of cash back without worrying about extra charges.
How is the credit limit determined?
For most traditional credit cards like the Discover it® Chrome, your credit limit is determined by factors such as your credit score, income, and financial history. Discover uses these criteria to decide how much credit to extend to you. Unlike prepaid cards, where the limit is based on the amount you deposit, traditional cards require an assessment of your creditworthiness to set your limit.
Advantages of the Discover it® Chrome Gas & Restaurant Credit Card
The Discover it® Chrome offers several key advantages that make it a standout card for those who spend on gas and dining. Here are some of the top benefits:
- 2% Cashback on Gas and Restaurants: This card earns you 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter. Whether you’re fueling up for a road trip or enjoying a meal out, this reward structure ensures you’re getting great value for your purchases.
- 1% Cashback on Other Purchases: You’ll earn 1% cash back on all other purchases, which makes this card even more versatile for everyday spending. Whether it’s groceries, shopping, or online purchases, the 1% back adds up over time.
- Cashback Match: The Cashback Match program is one of the most appealing aspects of this card. Discover will match all the cash back you’ve earned at the end of your first year. So, if you’ve earned $100, you’ll end up with $200. This unlimited matching gives you the potential to double your rewards without any extra effort.
Highlighted Advantage: CashBack Match
The CashBack Match is a major draw for the Discover it® Chrome. At the end of your first year, Discover matches all the cash back you’ve earned, doubling the rewards you’ve accumulated.
If you’re using the card for regular purchases, you can quickly accumulate significant rewards, which are automatically doubled at the end of the year. This feature sets it apart from many other rewards cards, making it an ideal choice for those who want to get the most out of their spending.
Disadvantages
While the Discover it® Chrome has many advantages, there are also a few potential drawbacks:
- Foreign Transaction Fees: The card charges foreign transaction fees when you use it abroad, which can be a disadvantage for those who travel internationally often. Many other cards offer no foreign transaction fees, so this is something to consider if you travel frequently.
- Rewards Cap on Gas and Restaurant Purchases: The 2% cash back is limited to the first $1,000 in combined purchases at gas stations and restaurants per quarter. Once you hit that limit, the cash back drops to 1%, which may be disappointing for high spenders in these categories.
Notable Disadvantage: Foreign Transaction Fees
The foreign transaction fee can be a drawback for frequent international travelers. While the rewards structure is great for domestic purchases, the additional charge for overseas use could reduce the overall value of the card during international trips. If you travel abroad often, it may be worth considering a card that doesn’t charge foreign transaction fees.
Who can apply for the Discover it® Chrome Gas & Restaurant Credit Card?
To apply for the Discover it® Chrome Gas & Restaurant Credit Card, you need to meet the following criteria:
- Age: Applicants must be at least 18 years old.
- Income: A minimum income is required, and you may be asked to provide proof.
- Credit Score: This card is designed for people with good credit (typically 700 or higher), although it may be accessible to those with fair credit.
- No Negative Marks: A clean credit report will help improve your chances of approval. Discover considers credit history when determining your eligibility for the card.
How to apply for the Discover it® Chrome Gas & Restaurant Credit Card
Applying for the Discover it® Chrome is easy, with several ways to submit your application:
Online Application
You can apply directly on the Discover website. The process is quick and simple, with an immediate decision in most cases. Just fill out the online application with your personal and financial information.
Mobile App Application
The Discover mobile app is another convenient way to apply. Simply download the app, log in, and follow the instructions to apply for the card directly from your smartphone.
In-Store/Branch Application
If you prefer a more personalized experience, you can apply in person at a Discover branch or participating partner location. A representative can guide you through the process and answer any questions you may have.
By following these steps, you can quickly apply for the Discover it® Chrome Gas & Restaurant Credit Card and begin enjoying its rewards on your purchases.
