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Maximizing Your Rewards: Discover Cashback Calendar 101

Discover Cashback Calendar: Maximizing Your Rewards

Are you looking for a credit card that gives you more than just points? Consider the Discover it Cash Back card, which offers a unique rewards program known as the Discover Cashback Calendar.

In this article, well explore how this program works, how you can take advantage of it, and how it could benefit you.

Overview of Discover Cashback Calendar

The Discover Cashback Calendar is a program that allows Discover it Cash Back cardholders to earn cash back on specific categories of purchases. These categories rotate every quarter, providing cardholders with the opportunity to earn 5% cash back on their purchases, up to a maximum of $1,500 per quarter.

Cardholders must activate the Cashback Bonus every quarter in order to earn rewards. How Does Discover Cashback Bonus work?

1% cash back on non-bonus categories

The Discover it Cash Back card will earn you 1% cash back on all purchases made outside of the rotating categories. This is a good base reward rate; giving you something in return for every purchase.

5% Cashback Bonus quarterly on specific categories

The rotating categories for the Discover Cashback Calendar will earn you 5% cash back on your spending. These categories change every quarter, giving you the opportunity to earn a variety of bonuses all year round.

The rewards categories include a wide range of everyday purchases, from gas and groceries to dining and department store purchases. Cap of $1,500 quarterly for Cashback Bonus

Discover Cashback Calendar limits your total earnings at $1,500 per quarter.

This wont be an issue for most people; however, if youre planning to spend more, be aware that you wont earn additional rewards beyond this cap.

Activation required each quarter

Activating each quarter is the best way to benefit from the Cashback Bonus. If you forget to activate the program, you wont earn rewards.

So dont forget to activate promptly for the quarter.

How to Maximize Your Rewards

Maximizing your rewards with the Discover Cashback Calendar is easy if you know how to play the game. Here are a few tips to make the most of your earnings:

1.

Plan ahead: Since the rotating category changes every quarter, its essential to plan your spending in advance. Look ahead to see what categories are coming up and time your purchases accordingly.

2. Utilize multiple credit cards: Consider using different credit cards from your portfolio, including the Discover it Cash Back card, to take advantage of the different reward categories.

For instance, while the Discover card might offer 5% cash back on grocery stores, a different card might offer 3% cash back on gas purchases. Consider your spending plans, then choose the card that will give you the best rewards.

3. Combine with other discounts and promotions: You can often find promotions and discounts on the specific categories for the quarter.

Keep an eye out for deals and combine them to save even more. Always check with the retailer or merchant to determine what promotions or discounts they are currently offering.

4. Pay off your balances on time: To receive the maximum value of your rewards, its important to pay off your balances on time.

A high-interest rate could negate the value of the rewards points, so make sure to consider the interest rate and other APR charges before carrying a balance.

Conclusion

The Discover Cashback Calendar provides an excellent opportunity for Discover it Cash Back cardholders to earn more money while making everyday purchases. With a little bit of planning, smart use of multiple credit cards, and taking advantage of promotions and discounts, you can maximize your earnings.

If youre looking for ways to save big, consider this rewards program as an option!

3) Discover 5% Cashback Bonus Categories for 2022 and 2023

One of the best features of the Discover it Cash Back card is the rotating categories that allow you to earn 5% cash back on specific purchases. Here’s a list of the Discover Cashback Bonus categories for 2022 and 2023:

2022 Categories:

Q1 (January – March) – Grocery Stores, Walgreens, CVS

Q2 (April – June) – Restaurants, PayPal

Q3 (July – September) – Gas Stations, Wholesale Clubs and Select Streaming Services

Q4 (October – December) – Amazon.com, Walmart.com and Target.com

2023 Categories:

Q1 (January – March) – Grocery Stores, Walgreens, CVS

Q2 (April – June) – Restaurants, PayPal

Q3 (July – September) – Gas Stations, Wholesale Clubs and Select Streaming Services

Q4 (October – December) – Amazon.com, Walmart.com and Target.com

Exclusions for Each Category

While the 5% Cashback Bonus categories are a great way to earn extra cash back, there are some exclusions to keep in mind. For example, some purchases might not qualify for the 5% cash back reward, or the reward might be limited to a specific dollar amount.

Here are the exclusions for each category:

Q1 2022 and 2023 Grocery Stores, Walgreens, and CVS

Exclusions: Purchases from general merchandise discount stores, wholesale clubs, and specialty retailers that sell groceries & pharmacy products. Gas purchases, purchases inside Walgreens, and CVS MinuteClinic health services and purchases of lottery tickets, vending machine and gift cards.

Q2 2022 and 2023 Restaurants and PayPal

Exclusions: Transactions made through third-party payment accounts, purchase made over the phone or online that may not include purchasing experience. Q3 2022 and 2023 Gas Stations, Wholesale Clubs, and Select Streaming Services

Gas station exclusions: Wholesale clubs gasoline purchased at warehouse clubs not classified as gas stations or for fuel that cant be used anywhere but the warehouse club.

Excludes Gasoline a secondary business; For example, automobile parts store, warehouse club, discount store or supermarket. Streaming service exclusions: Individuals that signed up to receive services from select rental services aggregators or for purchases paid for with any payment method, including PayPal, that are processed or submitted through a third party.

Q4 2022 and 2023 Amazon, Walmart, and Target

Exclusions: Purchases from third-party sellers or merchants both online and in-store and purchases of travel services, insurance, payment, membership, and utility services.

4) FAQs about the Discover Cashback Bonus

Cash back on all purchases

With the Discover it Cash Back card, you earn either 1% cash back or 5% cash back on every purchase, depending on the category. For all other purchases, you earn a flat rate of 1% cash back.

Quarterly limit

The quarterly limit for the Discover Cashback Calendar program is a maximum of $1,500 in purchases, earning you a total of $75 in rewards for each quarter. Once you spend $1,500, your purchases in that category will earn the regular 1% cash back rate for that quarter.

Discover Cashback Match

The

Discover Cashback Match program is an excellent feature that doubles the amount of cash back rewards you earn in your first year as a cardholder. For example, if you earn $300 in cash back rewards during your first year, Discover will match that amount and give you an additional $300 in rewards.

Maximizing Cashback Bonus

If you’re looking to maximize your earnings, consider these tips:

1. Plan out your spending in advance based on the Cashback Bonus categories.

2. Use the Discover it Cash Back card as your primary method of payment.

3. Take advantage of promotions and discounts offered by the merchants for the Cashback Bonus categories.

4. Utilize multiple credit cards from your portfolio and choose the card that provides the most rewarding category.

5. Keep track of all of your purchases and rewards to ensure you are making the most out of the program.

Redeeming Cashback Bonus

There are several ways to redeem your Cashback Bonus rewards:

1. Apply your rewards as a credit to your account balance.

2. Redeem your rewards for cash or gift cards.

3. Make a charitable donation with your rewards.

4. Use your rewards to shop on Amazon or pay with a PayPal account.

Conclusion

The Discover Cashback Bonus program provides a fantastic opportunity to earn extra cash back on everyday purchases with the Discover it Cash Back card. By planning out your spending, utilizing the right rewards categories, and taking advantage of promotions, you could maximize your rewards and benefit from the program.

5) Other Cards with Rotating Bonus Cash Back Categories

The Discover it Cash Back card is not the only credit card to offer rotating bonus categories. Chase offers two cards that have similar cashback rewards programs: the

Chase Freedom Flex and the Chase Freedom card.

Let’s take a closer look at these cards and how they compare to the Discover Cashback Bonus.

Chase Freedom Flex

The

Chase Freedom Flex card offers 5% cash back on rotating bonus categories that change each quarter, much like the Discover it Cash Back card. However, the categories may be slightly different from Discover’s categories.

One additional advantage of the

Chase Freedom Flex card is that it earns 5% cash back on travel purchased through the Chase Ultimate Rewards platform. There is no annual fee for the card, making it an affordable option.

Chase Freedom Card

The Chase Freedom card operates similarly to the Freedom Flex. The rotating categories are the same, and it earns 5% cash back on travel purchased through Chase Ultimate Rewards.

In addition to the 5% cashback, the card also offers 1% cash back on all other purchases. There is no annual fee for this card as well.

Comparison

When comparing Chase Freedom cards and Discover it Cash Back, we see some differences. The Chase Freedom cards include 5% cashback on travel purchases while the Discover it Cash Back does not.

You’ll also get 1% cash back on all other purchases, which can be used to complement the Cashback Bonus of the card and bring in additional rewards. On the other hand, the Discover Cashback Bonus program allows for a broader range of categories, including gas, groceries, and dining, which makes it more versatile in terms of consumer needs.

6) Bottom Line on Discover Cashback Calendar

If you’re looking for a credit card that provides a unique rewards program with rotating bonus categories, offering up to 5% cash back, then the Discover it Cash Back card is definitely worth considering. The key takeaway is that the Discover Cashback Calendar program allows you to earn extra cash back on your purchases and take advantage of exclusive promotions and discounts.

It rewards consumers for the things they already do, from grocery shopping to dining out, and provides a straightforward way to earn cashback without an annual fee. To make the most out of the program, take the time to plan out your spending based on the quarterly categories offered by Discover, which provides ample time to optimize your purchases and maximize your rewards.

While there are other credit cards with similar rewards programs, the Discover it Cash Back card stands out with its versatility and consistent rewards offerings. For those seeking a valuable rewards program, the Discover Cashback Bonus is a great choice that offers flexibility and opportunities to earn cashback throughout the year.

In conclusion, the Discover Cashback Calendar is a valuable rewards program that offers up to 5% cash back on rotating bonus categories. By planning out your spending and taking advantage of promotions, you can earn cash back on everyday purchases and maximize your rewards.

Other credit cards, such as the

Chase Freedom Flex and Chase Freedom card, offer similar programs. However, the Discover it Cash Back card stands out for its versatility and consistent reward offerings.

Ultimately, the Discover Cashback Calendar is an excellent way to earn extra cash back and get more value out of your credit card purchases.

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