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

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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.

Discover cash back card 5 categories for q4 2024
The new 5% cash-back categories are Amazon.com and Target. Image Credit: Discover

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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The rating for this card has been determined by our own industry experts who know the in's and out's of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.

Learn More(at Discover's secure site)
$0
0% for 15 months from date of account opening.,After the intro APR expires, regular APR will be 11.99% - 22.99% variable.
  • 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 11.99% - 22.99% 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

Discover Cash Back card 2024 5 categories
The Discover Cash Back card offers 5% cash-back in different categories each quarter. Image Credit: Discover

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.

The information regarding the Discover it® Cash Back Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.
The information regarding the Chase Freedom Flex℠ was independently collected by Upgraded Points and not provided nor reviewed by the issuer.

Frequently Asked Questions

What are the new 5% cash-back categories for the Discover Cash Back card?

The new 5% cash-back categories for the Discover Cash Back card for 2024 Q4 are Amazon.com and Target.

What is the 5% cash-back limit for the Discover Cash Back card?

The limit for earning 5% cash-back on the Discover Cash Back card is $1,500 per quarter. That means all purchases up to $1,500 per quarter in the bonus categories earn 5% cash-back. All purchases over the $1,500 threshold and any purchases in nonbonus categories earn 1% cash-back.

Where can I find the Discover it cash-back calendar?

Here’s a quick glance at the Discover it cash-back calendar for 2024:

  • Q1: January to March: Restaurants and drugstores
  • Q2: April to June: Gas stations and EV charging, home improvement stores, public transit
  • Q3: July to September: Walmart and grocery stores
  • Q4: October to December: Amazon.com and Target

 

What is Discover's cash-back right now?

Right now, Discover’s cash-back is Walmart and grocery stores. Beginning October 1, 2024, the new cash-back categories will be Amazon.com and Target.

Katie Seemann's image

About Katie Seemann

Katie has been in the points and miles game since 2015 and started her own blog in 2016. She’s been freelance writing since then and her work has been featured in publications like Travel + Leisure, Forbes Advisor, and Fortune Recommends.

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