Monthly spending. We rank on rewards minus the full annual fee, so statement credits and perks are listed separately and never counted for you.
Choosing between the Discover it Cash Back (no annual fee) and the IHG One Rewards Premier Card ($150/yr) comes down to where you spend most. IHG One Rewards Premier Card needs about $835 a month in dining, groceries, gas or flights, counting that spending alone, to make up its $150 higher annual fee over Discover it Cash Back. Below that, Discover it Cash Back comes out ahead. Enter your monthly spending above to see which comes out ahead for you.
5% on rotating quarterly categories (up to $1,500/quarter), 1% on everything else. Cashback Match doubles all cash back in first year.
Perfect if: You want solid rewards without paying an annual fee.
Apply NowStrongest in flights at 5%. Up to 24x total at IHG hotels, 5x on direct flights, car rentals, dining, groceries, and gas. Earns a solid 3.0% on everything else.
Perfect if: You want a strong rewards rate with no spending caps to worry about.
Apply Now| Feature | Discover it Cash Back | IHG One Rewards Premier Card |
|---|---|---|
| Annual Fee | $0 | $150 |
| Sign-Up Bonus | None | 180,000 points after $3,000 spend in 3 months |
| Foreign Transaction Fee | 0% | 0% |
| Base Reward Rate | 1% | 3% |
| Flights Rewards | 1% | 5% |
| Hotels Rewards | 1% | 3% |
| Other travel Rewards | 1% | 3% |
| Dining Rewards | 1% | 5% |
| Groceries Rewards | 1% | 5% |
| Gas Rewards | 1% | 5% |
| Rates with conditions not counted in the rows above |
None |
10% at IHG hotels Earns 10% only on stays at IHG Hotels and Resorts. Other hotels earn 3%. 5% on car rentals Earns 5% only at car rental agencies. Rideshare, transit and other travel earn 3%. |
| Key Benefits | 5% on rotating quarterly categories (up to $1,500/quarter), 1% on everything else. Cashback Match doubles all cash back in first year. | Up to 24x total at IHG hotels, 5x on direct flights, car rentals, dining, groceries, and gas. |
IHG One Rewards Premier Card wins on travel, dining, groceries, gas.
The $150/year fee difference means IHG One Rewards Premier Card needs to earn about that much more in rewards to justify its cost.
IHG One Rewards Premier Card carries $440/year in credits (mostly tied to specific merchants or bookings). Those only count if you’d actually use them. Worth checking against your own habits before treating them as a discount on the fee.
Not sure which fits your life? Enter your spending below and we’ll do the math. The calculator ranks purely on rewards minus the full annual fee, so credits and perks are yours to judge.