Freedom flex foreign transaction fee8/15/2023 The retroactive rewards if you activate your categories late also puts weight on the scale. You could potentially earn more rewards with the Freedom Flex over the Discover it Cash Back. The rewards programs are comparable, but the Freedom Flex has an edge thanks to its addtional 3% cash back for dining and drug stores and 5% cash back for travel through Chase Ultimate Rewards. That means you can only earn a maximum of $75 with either card each quarter before the rewards rate drops. Discover it Cash Back: Restaurants and wholesale clubsīoth cards have a quarterly spending limit of $1,500 for their 5% cash back categories before rewards fall to 1% cash back.Here’s the current reward offering for each card: Past bonus categories are pretty similar across both cards, including gas stations, grocery stores, purchases and purchases made using PayPal. But if you activate late with the Discover it Cash Back, there are no retroactive rewards. For example, for the first quarter of 2023, as long as you activate by Jyou will earn the 5% for category purchases dating back to April 1, 2023. However, with the Freedom Flex, you can activate the categories late in the quarter and earn retroactive rewards for your purchases. Both cards need you to manually activate the bonus category quarter. Both feature revolving quarterly cash-back categories. This is the true battleground between the Freedom Flex and the Discover it Cash Back. But while the Discover it Cash Back might be a better option for those who travel abroad and want to avoid the cost of foreign transaction fees, the Freedom Flex offers more year-round reward categories and extra perks - making it a better option for most people. The Chase Freedom Flex℠* and Discover it® Cash Back* are both rare cards that offer a rotating rewards category on popular purchase categories.
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