With several versions of the Discover card, you have the opportunity to earn 5% back in specific categories every 3 months, up to $75. This means you can earn up to $300 back every year by maxing out the quarterly bonus. Since the Discover cards have no annual fee, it’s an excellent deal for cash back enthusiasts.
One drawback of the offer is that it’s not automatically applied to your account. Cardholders need to register every 3 months for the bonus. For the second quarter of 2024, the 5% cash back bonus is for gas stations & EV charging, ome improvement stores, and public transit.
Activate to earn 5% Cashback Bonus at Gas Stations & Electric Vehicle Charging Stations, Home Improvement Stores, and Public Transit from 4/1/24 (or the date on which you activate 5%, whichever is later) through 6/30/24, on up to $1,500 in purchases. Gas Station & EV Charging Station purchases include those made at merchants classified as places that sell automotive gasoline that can be bought at the pump or inside the station, and public electric vehicle charging stations. Gas Stations and EV Charging Stations affiliated with supermarkets, supercenters, and wholesale clubs may not be eligible. Certain parking garages where public electric vehicle charging is offered or included may not be eligible. Home Improvement Store purchases include online and in store purchases at home improvement retail stores, building supply stores (e.g. lumber, paint, and hardware stores), lawn, nursery, and garden supply stores. Purchases made through third parties such as contractors may not qualify. Purchases from home furnishing, home appliance, plumbing, heating supply, and floor covering stores are not included. Public Transit purchases include local commuter passenger bus, rail, and ferry services. Taxi, rideshare services, long-range passenger land, rail, and water transportation services are not included.
You can register for the offer on the Discover website.
Before transferring your spending in these categories to a Discover card, ensure that you can’t earn more points with a different program. For instance, many cards include gas stations as a bonus category. It might be better to earn 3X Citi ThankYou points with your Citi Premier than 5% back with a Discover card. The same goes for mass transit expenses, a 3X bonus category for the AMEX Green Card and the Sapphire Reserve.
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