Chase Freedom vs. Discover It vs. Citi Dividend 5% Cash Back Credit Card Comparison

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Chase Freedom vs. Discover It vs. Citi Dividend 5% Cash Back Credit Card Comparison

The Chase Freedom card gets a lot of attention in the travel blog-o-sphere, but there are similar cards from Discover Bank (Discover It) and Citi Bank (Citi Dividend Platinum Select) that offer 5% cash back on different categories.

More cash back cards = more cash back for you.  Each card offers 5% cash back per quarter, capped at the first $1,500 per quarter ($1,500 x 5% = $75 cash back).  3 cards x 4 quarters x $75 cash back per quarter = $900 per year (not including sign up bonuses and other 1% spend).

After all the airline/hotel devaluations thus far in 2013, I am more interested in cash back cards.

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Chase Freedom vs. Discover It vs. Citi Dividend 5% Cash Back Card Comparison

UPDATED 6/17 @ 8 AM: Updated the chart below with current offers and newly announced categories.

Chase Freedom vs. Discover It vs. Citi Dividend 5% Cash Back Credit Card Comparison

All of the credit cards below have no annual fee and offer a base rate of 1% cash back on all purchases.  Every quarter of the year (January – March / April – June / July – September / October – December), the credit cards below offer 5% cash back on rotating categories, instead of only 1% cash back.  This post is designed to compare each of the rotating cash back credit cards.

I will update this post whenever new cash back quarters begin or when new quarterly categories are announced.  Make sure you register your credit card with the 5% cash back categories before the quarters begin.

 

Chase Freedom Credit Card

Chase Freedom

Current Sign Up Bonus

  • 20,000 Chase Ultimate Reward Points after spending $500 in 3 months (can be transfer to Chase Sapphire Preferred or Chase Ink Bold/Plus credit cards)
  • 20,000 Chase Ultimate Reward Points = $200 cash back

Annual Cap on 5% Cash Back

  • $300 annual cap ($75 per quarter)

Payout Increments

  • 100 Chase Ultimate Reward Points = $1 statement credit

Current 5% Categories (July – September 2015) – activation link

  • Gas Stations
  • Kohl’s

Chase Freedom Q3

 

Discover It Credit Card

Discover It CC

Current Sign Up Bonus

Annual Cap on 5% Cash Back

  • $300 annual cap ($75 per quarter)

Payout Increments

  • $1 cash back = $1 statement credit or bank deposit

Current 5% Categories (July – September 2015) – activation link

  • Home Improvement Stores
  • Department Stores
  • Amazon.com

 

Discover It Q3 Discover It Q3 Merchants

 

Citi Dividend Platinum Select Credit Card

Citi Dividend Platinum CC

Current Sign Up Bonus

  • $100 cash back after spending $500 in 3 months

Annual Cap on 5% Cash Back

  • $300 annual cap (no quarterly cap)

Payout Increments

  • $50 checks (available only upon request)

Upcoming 5% Categories (July – September 2015) – activation link

  • Hilton Hotels
  • Airlines

Citi Dividend Q3

If you have any questions, please leave a comment below.

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About Grant

Grant is an expert in frequent flyer miles, hotel loyalty points, credit card rewards, and cash back deals. He also has a pretty cool travel blog. Find him on Twitter @travelwithgrant.

13 thoughts on “Chase Freedom vs. Discover It vs. Citi Dividend 5% Cash Back Card Comparison

  1. Brandon

    What exactly does Discover mean by “online shopping”? Does that mean anything online, including Gift Card Mall, Giftcards.com, and purchases of Visa gift cards on Walmart.com?

    Reply
  2. Jerry Mandel

    Chase FREEDOM. Yes, how to get $200 actual cash after min spend without involving transfers to other cards? Details, please.

    Reply
    1. Grant

      All you have to do is spend $500 in the first 3 months to get the 20,000 Chase Ultimate Reward Points, worth $200. Just ask for a statement credit from inside your Chase account.

      Reply
  3. T

    Grant, any ideas on how to spend gas station categories to meet reward maximums? Do you know gas stations that sell visa gift cards?

    Reply

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