Discover it® Cash Back 2024: Discover® is renowned for its rotating bonus categories featured on its most popular credit cards. These categories provide an opportunity to earn one of the highest rewards rates available, provided you keep track of the Discover cash back calendar.
Qualified Discover credit cards offer 5% back on up to $1,500 in combined purchases across various rotating bonus categories each quarter. To earn this rate on eligible purchases, all you need is one of these cards and to activate the bonus categories quarterly.
Below is the Discover cash back calendar for 2024, along with instructions on activating bonus categories and the Discover credit cards that offer them.
click here – PNC Cash Rewards® Visa® 2024
Discover’s 5% Cashback Bonus® calendar for 2024
These are Discover’s rotating bonus categories for 2024:
| Quarter | Bonus categories | Approximate starting activation date |
|---|---|---|
| January through March | Restaurants and Drug Stores | Jan. 1, 2024 |
| April through June | Coming soon — Announcing on March 1 | March 1, 2024 |
| July through September | Coming soon — Announcing on June 1 | June 1, 2024 |
| October through December | Coming soon — Announcing on Sept. 1 | Sept. 1, 2024 |
Discover’s calendar consistently features a blend of both new categories and perennial favorites that have remained unchanged for years. However, it adopts a strategy of revealing only one quarter’s categories at a time, departing from the past practice of unveiling a full year’s worth of categories at once.
Fortunately, each quarter typically includes categories reflecting high cardmember spending, such as Restaurants, Grocery Stores, Amazon.com, and Target purchases. This makes it more manageable to reach the $1,500 spending cap each quarter through everyday purchases. By doing so, you stand to earn $75 in cash back per quarter and $300 annually solely from bonus categories.
The starting activation date marks the earliest opportunity to activate a quarter’s bonus categories. It’s advisable to activate promptly because the Discover Cashback Bonus® only applies to purchases made in bonus categories after activation. Forgetting to activate during the first month of the quarter means missing out on bonus rewards for eligible purchases.
How to activate Discover bonus categories
To enroll in Discover’s 5% Cashback Bonus® program, follow these steps:
- Log in to your Account Center.
- Navigate to the Cashback Bonus® option.
- Click on the “Activate” button.
If you haven’t yet registered for Discover’s online Account Center, you’ll need to complete that step beforehand. Alternatively, you can activate rotating bonus categories by phone by calling 1-800-DISCOVER (1-800-347-2683).
As bonus categories require activation each quarter, setting up email reminders might be helpful to ensure you don’t miss out.
click here – Blue Cash Preferred® Card from American Express 2024
Which Discover credit cards offer 5% Cashback Bonus® categories?
Discover offers several credit cards that earn 5% back in rotating bonus categories. These include:
- Discover it® Cash Back
- Discover it® Student Cash Back
- Discover it® Balance Transfer
- NHL® Discover it® Credit Card
To earn 5% back on up to $1,500 in purchases across rotating bonus categories each quarter, you must activate bonus categories with any of these credit cards. Other purchases earn 1% cash back.Additionally, all Discover credit cards offer an Unlimited Cashback Match welcome bonus. Discover automatically matches all the cash back you’ve earned at the end of your first year as a new cardholder (or your Miles, if you have the Discover it® Miles card). For example, if you earn $500 in cash back during your first year, Discover will give you an additional $500 in bonus cash, effectively doubling your rewards for the entire year.You can redeem your Discover cash back at any time with no redemption minimums. Furthermore, Discover credit cards have no annual fees and no foreign transaction fees, making them convenient and cost-effective options for cardholders.
How to maximize Discover’s Cashback Bonus®
Maximizing the 5% cash back rate on your Discover card’s rotating bonus categories requires strategic planning and consistent utilization of the card. To fully leverage this benefit throughout 2024, consider the following tips:
- Utilize Discover’s reminder email feature to promptly activate your 5% Cashback Bonus® at the beginning of each quarter.
- Familiarize yourself with the new quarterly bonus categories to align your spending habits accordingly and use your Discover card for eligible purchases.
- Adjust your shopping patterns to prioritize purchases that fall within the current quarter’s bonus categories whenever feasible.
By implementing these strategies, you can strive to reach the $1,500 quarterly spending cap and potentially earn up to $300 in Discover Cashback Bonus® rewards throughout the year.
click here – Citi Custom Cash Credit Card 2024