The Discover it Card is a cashback credit card that earns 1% cashback on all purchases. That’s not great on its own. There are tons of cards that earn at a better rate than that, but where the Discover it Card starts to shine, is with its rotating 5% categories. In addition to the rotating 5% categories, all of the cashback earned in the first year is doubled. So, for example, if you earn $500 cashback in your first year of holding the card, Discover will double that to $1,000!
Each quarter, on up to $1,500 of spend in each category, you will receive 5% cashback.
So, if you max out your $1,500 of spend in each category, each quarter, you will earned $300. If you are in your first year of card membership, that doubles to $600! You will need to “activate” your card for each quarter’s bonus, which is very easy to do on the Discover app or the website.
The bonus categories are usually similar each year, with a few exceptions. For instance, here is the category list for all of this year (2018) –
And here is the new bonus category list for 2019 –
As you can see, Wholesale Clubs had/ have a prominent place on the 2018 bonus category list, but have dropped off the 2019 list, with the additions of ridesharing apps Uber and Lyft in the second quarter.
The 2019 Discover it Card bonus category list contains mostly the same categories as the 2018 list. It should be fairly easy for most people to max out the $6,000 in annual spend to receive the $300 cashback. Just keep in mind that most grocery stores and gas stations sell giftcards to a wide variety of other merchants, so you can stock up for your non-bonus category spending. Also, keep in mind, that if you buy your groceries at a Walmart or Target Supercenter, those stores are explicitly excluded from the Grocery Stores category, although I have found that my Walmart Neighborhood Market purchases have qualified for the bonus. If you’re not sure, make a small purchase and then check your statement to see if you received the bonus, before making larger purchases.
If you have a Discover it Card, be sure to refer your friends with your unique link, that way they will receive a $50 bonus after their first purchase, and you will receive a $50 referral bonus when they are approved. If you decide to use my referral link, I very much appreciate it!