Discover it Cash Back Card — New 5% Categories for 2024 Q4 [October to December]

The Discover it^® Cash Back Card is a no-annual-fee card that could be an interesting addition to your wallet.

That’s because it earns a whopping 5% cash-back in quarterly rotating categories. It might not be the best choice for all of your spending, but taking advantage of these 5% cash-back categories is a great way to supercharge your earnings.

The new categories for 2024 Q4 (October to December) have just been announced, and this post will show you how to make the most of them.

New 2024 Q4 Discover 5% Cash-Back Categories

The new 5% cash-back categories for the Discover Cash Back card in 2024 Q4 (October to December) are Amazon.com and Target. From October 1, 2024, through December 31, 2024, you can earn 5% cash-back on purchases from Amazon.com and Target on up to $1,500 in purchases.

You earn 1% cash-back on any purchases in these categories over $1,500 and on all other purchases.

Benefits of the Discover Cash Back Card

If you’re in the market for a cash-back card, the Discover Cash Back card is one to consider.

For starters, this card offers an unheard-of welcome offer:

• Earn an unlimited dollar-for-dollar match of all the cash back you earned at the end of your first year.

For example, if you earn $300 cash-back, you get an additional $300 cash-back at the end of the year. This cash-back match offer is unlimited.

Discover it^® Cash Back Card

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Learn More(at Discover's secure site)

Discover it^® Cash Back Card

Annual Fee

$0

APR

0% for 15 months from date of account opening, after the intro APR expires, regular APR will be 17.74% - 27.74% variable.

Card Highlights

• Intro Offer: Get an unlimited dollar-for-dollar match of all the cash back you’ve earned at the end of your first year.
• Earn 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, gas stations and when you pay using PayPal, up to the quarterly maximum when you activate.
• Plus, earn unlimited 1% cash back on all other purchases – automatically.
• Redeem cash back in any amount, any time. Rewards never expire.
• Use your rewards at Amazon.com checkout.
• No annual fee.
• Discover is accepted nationwide by 99% of the places that take credit cards.

Financial Snapshot

• APR: 0% for 15 months from date of account opening, after the intro APR expires, regular APR will be 17.74% - 27.74% variable.
• Foreign Transaction Fees: None

The Discover Cash Back card earns 1% cash-back on purchases, which isn’t all that exciting, even for a card without an annual fee. However, it also offers rotating 5% cash-back categories each quarter, which is an excellent way to earn lots of cash-back.

You can redeem your cash-back in any amount at any time, and your rewards never expire.

How Your 5% Cash-Back Works

Each quarter, you can earn 5% cash-back in select categories, up to $1,500 in purchases. Any purchases over the $1,500 threshold and any purchases in nonbonus categories earn 1%. You must activate the bonus each quarter.

This card operates similarly to the Chase Freedom Flex^®, which also has rotating 5% cash-back categories.

2024 Discover Cash Back Card Bonus Categories

Q1: January to March

• Restaurants
• Drugstores

Q2: April to June

• Gas stations and electric vehicle charging stations
• Home improvement stores
• Public transit

Q3: July to September

• Walmart
• Grocery stores

Q4: October to December

• Amazon.com
• Target

Final Thoughts

The Discover Cash Back card offers 5% cash-back in rotating categories each quarter. The new categories for Q4 of 2024 are Amazon.com and Target. You earn 5% cash-back (up to $1,500 in purchases) from October through December 2024.