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Discover card holders were treated to a nice little surprise today when the bank announced it would be adding three more categories to its rotating quarterly cash-back bonus calendar.

Discover it® Cash Back card holders will now be able to earn cash back on PayPal in Q3 (July 1 to Sep. 30) and at Target and (including grocery delivery) in Q4 (Oct. 1 to Dec. 31). Note that you can only earn 5% in each quarter upon enrollment, on up to $1,500 in purchases, you’ll earn 1% back after hitting the $1,500 limit and 1% back on all other purchases.

The addition of PayPal is great, considering you can use the service across hundreds of popular online retailers. You could even make straight cash by sending payments through the service and just eating the 2.9% processing fee — you’d still be ahead 2.1%.

Target and are clear complements to Amazon, which was already loaded into Discover’s cash back calendar, and the department stores offer myriad items that can appeal to a wide variety of consumers.

These new categories are in additions to the one earlier announced. Here’s a breakdown of everywhere you can earn 5% back (up to $1,500 each quarter you activate) through the rest of 2019:

  • April – June 2019: 5% back at gas stations, Uber and Lyft
  • July – September 2019: 5% back at Paypal and Restaurants
  • October – December 2019: 5% back at Target, and

If you want to max out the categories (each quarter you activate) but can’t meet the $1,500 cap through organic spend, you can purchase gift cards that you can use later. You could even load up your Amazon balance if you know you’ll be making purchases through the online retail giant. Target, Walmart and Amazon all sell gift cards to third-party retailers, too. 

Remember, Discover matches all cash back at the end of your first card member year. If you can max out each category, you can end up with up to $600 back by the end of the year.

The Chase Freedom also offers 5% back (or 5x points) on rotating quarterly categories (up to $1,500), and you can currently earn the bonus on purchases made at grocery stores (not including Target and Walmart) and home improvement stores.

Featured image by The Points Guy Staff.

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  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
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  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 60,000 points are worth $750 toward travel
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