Executive Summary -
These are very similar cards with some subtle differences. These can be seen in their online shopping portals where Discover has the least merchants but the highest payouts while Citi has the most merchants. We explore all of these in this part of the review.
Just like the last comparison with the Chase Freedom, we will find that the Discover More is very similar to this card as well. So let's get right down to how they are similar.
5% Rotating Categories
- Both these cards have 5% rotating categories. Once again, both issuers have different expense types and they change every year. Hence, we cannot really compare them, except to say that if you have both cards, you can really max out on your cash back.
Online Shopping Portals
- ShopDiscover is Discover's online portal. Compared to other issuers offerings, they have less merchant partners. But on average they pay more rebates to their cardholders than anyone else. The minimum rebate you would get is 5% and the maximum is 20%. For other shopping portals, the minimum rebate starts at 2%.
Though Citi may not be able to match the rebates Discover pays (for similar merchants), they have more merchant partners than everyone else. Therefore, there will be more online shops to buy stuff from with Citi than with Discover.
Slight Differences in rebate Formula
- While the base rate for Citi is 1%, Discover has a tiered formula. For spending up to the first $1,500, you earn 0.25%. From $1,500 to $3,000 in annual spend, you earn 0.5%. Only when you spend more than $3,000 in annual spending do you earn 1% cash back. This tier only applies to regular purchases and it does not apply to the rotating categories or their online shopping portal. Still, in this regard, Discover is slightly inferior.
Do You Get Just Cash Back?
- Unlike the CitiCard, the Discover More not just allows you to redeem your cash rebates, you could also redeem them for gift cards and if you do so, you increase redeem for a gift card that has greater value than the cash rebates you have earned (double in some cases).
In conclusion, there are more similarities between these two cards than differences. The areas which Citi comes out ahead are the fact that their shopping portal has got more merchant partners and there is also no tier hurdles to cross (unlike Discover).
Now let us look at the differences with the Blue Cash Everyday.
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