One of the only reasons I put any spending on my Discover card is the rotating 5% cashback categories. Every three months they have a category, or categories, where you can earn 5% back on the first $1,500 spent. That’s a max of $75 back and that’s not bad for a card with no annual fee. You can net $300 per year if you max out each category.
I’ve been a bit underwhelmed with the offerings so far this year, mainly because I can earn about the same amount or more with other cards.
- Jan – March – Grocery Stores
- April – June – Gas Stations, Uber & Lyft
- July – September – Restaurants and PayPal
However, I am excited about the category for October-December. No question that it’s designed to arrive just in time for holiday shopping.