WalletFlo is now Flo. Same app, same account, new name.

Discover it vs Blue Cash Preferred

Head to head on annual fee, rewards by category, and net value over a typical year of spending.

Head to head
CategoryDiscover itBlue Cash Preferred
  • Annual fee$0$95
  • Welcome bonus (est.)$0$3
  • Dining5%1%
  • Groceries5%6%
  • Gas5%3%
  • Travel1%1%
  • Online shopping1%1%
  • Entertainment5%6%
  • Transit1%1%
  • Everything else1%1%
Net annual value$808$557

The verdict

On a typical US spending profile the Discover it comes out ahead — about $251 more in net annual value. But the winner for you depends on where you actually spend.

Before fees, Discover it projects about $808 in rewards and Blue Cash Preferred about $652. Put your own monthly numbers in and the order can change.

FAQ's

  • On a typical US spending profile, Discover it delivers about $251 more in net annual value. Your winner depends on where you actually spend.

  • Discover it: $0/year. Blue Cash Preferred: $95/year.

  • Flo projects annual rewards from category earn rates on a default spend profile, adds credits and perks, and subtracts the annual fee.