Chase Freedom Apply Now or Wait ?

[lmhenry1]

Does anyone know when Chase typically releases their 2020 5% rotating lineup ? I want to apply for the card but im waiting to see if the restaurants category will be included in 2020 . I’m torn between the chase freedom and and the Discover it Card. I have a feeling the $200 SUB for the freedom is going to go down to $150 soon. The Discover it 1st year cash back match seems like a sub in and of itself but I’d have to spend a minimum of 10K In for fist year to match $200 chase currently gives for a SUB for freedom .

[wasCB14]

I wouldn't put too much emphasis on a single year's calendar. It changes from year to year and there is the quarterly spend cap. 5% cards can be great but the value comes in keeping them for a long time.

[Drwaz99]

I believe, and I could be mistaken, that the Q1 categories *should* be released around 12/15 or so. I have never seen them release the full year ahead of time. 

[AverageJoesCredit]

My math might be bad but 10k to get $200 from Discover in 1st year? Something doesnt add up there.

[TSlop]

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@AverageJoesCredit wrote:
My math might be bad but 10k to get $200 from Discover in 1st year? Something doesnt add up there.

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I thought so too but I'm assuming some math was done on their situation to determine a base average of 2% over the year.

[lmhenry1]

Yes .10k*1% (non category spend) =100 * 2 (Cashback Match for Discover 1st yr) =200 . Sorry for the omission.

[JNA1]

Keep in mind on the Discover It you get 10% for the first year on all the 5% categories and you know ahead of time what the categories are (they are already published).
The Chase Freedom just doesn’t compare to the Discover It for the first year, even with the $200 SUB.
After that, that are pretty even.

[AverageJoesCredit]

I know in my two years of cash back , i came close to making over 200 with my spend and their match and i dont even max categories. Now i currently have Chrome snd am currently about $73 cb with 3 months to go so im at least making $140 and no way am i even close to spending 10k. If i could spend 10k on a cc woo boy id be living the life for me anyways

[JNA1]

I’m sure this year will be probably the most cash back I’ll ever earn in one year on one card, but we’re on pace to have funneled over $47K through our Discover It this year, and we’re going to end up with over $1400 in cash back this year. I earned a little cash back on my Summit Racing card too, due to the $50 dollar to spend $250 offers they had this year.

We should earn more overall this year because of the $300 SUB on my new BCP, $100 SUB on the new BBVA, and $50 SUB on the new PPMC, but the money will be spread out over 5 cards instead of basically just one.

My plan for around this time next year is to get the Discover Miles card and get 3% for the first year in it. 😁

[HeavenOhio]

Get the Freedom because the bonus is so easy. Then in three to six months, grab Discover and plan on no new cards for a year. Discover is a great gardening card because you wouldn't be competing with any other signup bonuses.