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Chase Discounts, Deals and Coupon Codes

Discover More or Chase Freedom as your first credit card?

xNico 834 November 25, 2012 at 01:30 PM More Chase Deals
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I plan on using it mostly for online shopping. Which one gives better cash backs for online shopping/giftcard?

TIA

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Last Edited by skedaddle May 6, 2013 at 02:10 PM
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These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

33 Comments

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#3
You always maximize cash back by rotating cards based on where you are buying items. I.e., use Chase Freedom at Kohl's if it is the quarter you are given 5% back, etc.
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#4
What Tennis8363 said but if you had to choose between the two, Chase, since Discover is not always accepted everywhere in the event you need to use it at a place that doesn't accept it.
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#5
I applied for both relatively early.. chase gave me a 2k limit while discover only gave me $500 on their "student" card.. I would suggest the chase (if you don't trust yourself with credit.. don't go for either)
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#6
What is your credit score approximately? While the Chase Freedom card isn't the toughest card to get, it's still difficult if you have a short credit history or a score in the low to mid 600's
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I beat the Kobayashi Maru
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#7
Since it's your very first credit, I'd go with Chase Freedom. Better yet, if you have a credit score of 700+ apply for both at the same time. You may just get approved for both.

But if given a choice, choose Chase. Building a good relationship with Chase will open up A LOT of other cards to you- THIS will outweigh the short-term cashback advantage you'd have with Discover.


A few months later apply for the Discover card. Make sure you've been paying off your Chase card in full. NO late payments.


If you want to ignore all the stuff about building a relationship with Chase etc and want to ONLY focus on cashback, no matter what, THEN go with Discover.
Discover offers 5% cashback for a LOT of merchants. Some merchants that Chase offers 0% for.
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L6: Expert
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Original Poster
#8
I tried to check my credit on creditkarma and nothing showed up(probably normal since I've never owned or borrowed)?

I'm going to try to get a chase freedom card as a student and later on a discover card. I'm not a big spender either but every once in a while i find one of those legendary slick deals that i know i'll regret it if i don't buy it (like the 90% off all cheetah mount products). My sister owns both cards so I think I'll use her as a referral for some extra cashback as well Smilie

Thanks all

Thanks for the replies.
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#9
with 0 credit history, I doubt you will be approved for either - your looking at a secured card or having someone sign you onto one of their accounts for a bit, or perhaps even carrying a student loan for a while and then applying for one, unless you have a "high" income
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#10
there is no "best" card for everyone - it really depends on spending habits, and as your habits change you can get cards that maximize those benefits. For example, I have an AmEx that I very rarely use EXCEPT for auto rentals and the occasional foreign travel. My Discover cards are my primary cards - I, too, started out with a $500 limit, but 14 years later I have 2 cards and ~ $22k in credit with them, in addition to many $k of cashback. Discover's big benefit is ShopDiscover, which I use personally but also professionally (I charge something, am reimbursed for the entire amount and I keep the cash back). I also have a PFCU card that I use for gas (5pts/$1).

Also note that it helps to have cards where the statement dates are staggered - right now I have a couple around the 7-13th of the month, another around the 18th and 3 between 25th-27th. If I don't have a spending preference (all the cards give 1% back at minimum), I'll put a purchase on the card that gives me the largest delay to payment [note that I always pay the balance in full, but a day's difference in a charge or a statement date can mean holding onto your money for an additional 30 days!]
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#11
Just another data point but my first credit card was the Citi Forward. It's geared towards students and I imagine is easier to get than the Chase Freedom and Discover More cards.
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#12
I have both. However, my credit history is relatively short (4 years or so). When I applied for Chase Freedom, they wouldn't approve me because of that. I had to call and talk nicely to them (there was an attractive cashback offer at that time, so it was worth the effort).
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I beat the Kobayashi Maru
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#13
Quote from slapshot136 View Post :
with 0 credit history, I doubt you will be approved for either - your looking at a secured card or having someone sign you onto one of their accounts for a bit, or perhaps even carrying a student loan for a while and then applying for one, unless you have a "high" income

That's excellent advice.


I had the secured BOA card for a year. I was also an AU on my father's account.
A year later I requested that they convert my secured card to unsecured. I was approved. I also applied for the Chase Freedom then. ($300 cashback. Remember those days? Big Grin) Approved.
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L6: Expert
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#14
Quote from slapshot136 View Post :
with 0 credit history, I doubt you will be approved for either - your looking at a secured card or having someone sign you onto one of their accounts for a bit, or perhaps even carrying a student loan for a while and then applying for one, unless you have a "high" income
Will putting my name onto my sisters banking/checking account increase/give me a credit history? She always pays her dues and has never been late.

Edit:Will probably just start out with a Secured card, which is better BOA, or Capital One?
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#15
If you want either card to be your first credit card/revolving account, then you'll be disappointed because it's not going to happen. Start off with a store card or two, build credit history, definitely educate yourself on credit (myfico.com), come back in a few years with those Discover aspirations.
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