Credit One Bank® Platinum Rewards Visa® With No Annual Fee
vs. Discover it® Chrome

Both the Credit One Bank Platinum Rewards and the Discover it Chrome offer cash back rewards and waive annual fees. If you're leaning towards balance transfer opportunities, Discover it Chrome emerges as the better option with its 0% introductory APR on purchases and balance transfers.

However, for consistent cash back on various purchases, the Credit One Platinum Rewards card is a good choice. While neither is a co-branded or store card, the Discover it Chrome's introductory APR offer and lack of foreign transaction fees give it an edge for those planning to manage existing debt or travel abroad.

You might prefer the Credit One Platinum Rewards if you value straightforward rewards on everyday services. This card offers a consistent 2% cash back on eligible gas, grocery and service purchases, without the need to track spending categories or quarterly limits. It's a solid choice if you prefer simplicity in your rewards earning strategy.

You might prefer the Discover it Chrome if you're looking for a card with introductory APR offers and bonus rewards on dining and gas. With 0% APR for six months on purchases and 18 months on balance transfers, this card can help manage debt and large purchases. Additionally, the cash back match in the first year can significantly boost your rewards if your spending aligns with the bonus categories.

Evaluating APRs, fees, credit requirements, rewards and other features side by side clarifies which card aligns with your financial needs. For instance, if you frequently dine out or fill up your car, Discover it Chrome's gas and restaurant rewards might appeal to you. Alternatively, Credit One Platinum Rewards could be advantageous for managing digital service payments.

When comparing rewards, Discover it Chrome edges out with an expected reward value of $341 and a unique first-year cash back match, making it particularly lucrative for new cardmembers. Credit One Platinum Rewards, while not as robust overall, offers a solid 2% cash back on essential services like mobile phone and utilities.

For those who spend significantly on gas and dining, Discover it Chrome provides 2% cash back in these categories, up to a quarterly maximum, and then 1% thereafter, which could be more beneficial if these are major expenses. Credit One Platinum Rewards does not offer increased rewards for dining, but matches the 2% on gas without the quarterly cap.

Below is a table of bonus categories to help you visually compare the rewards programs of both cards.

The Credit One Platinum Rewards does not specify redemption options, which typically include statement credits or gift cards. Importantly, there's no expiration date on rewards, offering the freedom to redeem at your convenience.

Discover it Chrome provides a variety of redemption choices such as gift cards, statement credits, direct deposits and even payments on Amazon. Like the Credit One Platinum Rewards, Discover it Chrome's rewards also do not expire, ensuring you can use them whenever it suits you best.

MoneyGeek's ranking process evaluates credit cards across various use cases, assigning scores for aspects like balance transfers and cash back.

Four key factors influence these scores: the introductory purchase APR, the regular APR, the effective reward rate and the issuer satisfaction rating. For a deeper understanding of our scoring system, you can explore our ranking methodology.