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It’s already time to start planning your spend for next year. Discover it® Cash Back cardmembers get 5% cash-back on rotating categories that change every quarter, and now Discover has announced all four categories for 2019.
The categories and their corresponding dates are as follows :
- January – March 2019: 5% back at grocery stores
- April – June 2019: 5% back at gas stations, Uber and Lyft
- July – September 2019: 5% back at Restaurants
- October – December 2019: 5% back at Amazon.com
It’s nice to see most of the categories, many of which are similar to 2018’s, are pretty broad-based making it easier to maximize your rewards. 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.
What makes the Discover it card enticing is that in the first year after signing up for the card, Discover will match your cash-back you earned over the previous 12 months. So if you can max out each category in each quarter, you can potential earn 10% back on $6,000 — for a total of $600. That’s not too shabby for a no-annual fee cash-back card.
If you’re interested in other cards with rotating bonus categories, the Chase Freedom offers 5% back in a similar fashion to the Discover it. Additionally, if you have an Ultimate Rewards earning card like the Chase Sapphire Reserve or the Sapphire Preferred, you can earn 5x Ultimate Rewards with the Freedom.
Or if you want a straight cash-back card, the Discover it® Miles earns 1.5 miles (equivalent to 1.5% cash-back) on all purchases and Discover will match your cash-back at the end of your first cardmember year — meaning you’re earning 3% cash-back on all purchases for the first 12 months of card membership.
Featured image by The Points Guy staff.
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With great travel benefits, 2x points on travel & dining and a 50,000 point sign up bonus, the Chase Sapphire Preferred is a great card for those looking to get into the points and miles game. Here are the top 5 reasons it should be in your wallet, or read our definitive review for more details.
- Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
- Chase Sapphire Preferred named "Best Credit Card for Flexible Travel Redemption" - Kiplinger's Personal Finance, June 2018
- 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
- No foreign transaction fees
- 1:1 point transfer to leading airline and hotel loyalty programs
- Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
- No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards