In this financial world of 2024, credit cards play an essential role in shaping our spending habits and giving us financial freedom. The Discover It Cash Back credit card is one of the best cashback cards. It gives a maximum of 5% cash back on everyday purchases in rotating categories throughout the year. 

Yes, you heard right. You can earn significantly more cashback on daily purchases, from groceries and gas to restaurants and home improvements.

This guide will walk you through the simple steps to unlock the full potential of your Discover It 5% cash back card, including its key features, rewards structure, and how to gain maximum benefits from this card.

Understanding the 5% Cash Back Program

The Cash Back credit card’s 5% cash back program is a fantastic way to earn rewards on everyday spending. However, it’s important to understand how this program works to maximize your rewards.

Here is the breakdown of the key features:

Activation: To earn 5% cash back, you must activate it each quarter. You can activate this through Discover It’s official website or mobile app around the beginning of each new quarter (January 1st, April 1st, July 1st, and October 1st).

Rotating Categories: The 5% cash back applies to the spending categories that change every three months or every quarter. These categories include popular choices like restaurants, gas stations, grocery stores, and more.

Spending Cap: The 5% cash-back card has a spending limit for earning rewards. You can earn up to $1500 in purchases within the activated categories for each quarter using the 5% cash-back credit card. Once you reach that limit, you will earn the standard 1% cash-back rate on those categories purchased for the rest of the quarter.

By understanding these key points, you can effectively use your Discover It 5% bonus Cash Back credit card and maximize your cash back earnings throughout the year.

RewardsEarn up to $1500 in each quarter using 5% cash back card in rotating quarterly categories
ActivationActivated required in each quarter (around January 1, April 1, July 1, and Oct 1) through the Discover website and app
Unlimited 1% Cash BackEarn 1% cash back on other purchases
Annual FeeZero annual fee
Introductory APREnjoy 0% intro APR on purchases for a limited time
Balance Transfer APRThe ongoing APR for balance transfer is zero, but always check the current offer
Other BenefitsCashback Match bonus for new cardholders in the first year

Activation Process

The activation process for the Discover It Cash Back credit card was easy; just follow these steps:

When To Activate: 

  • To gain maximum benefits from your cash-back card, you must activate it at the beginning of each quarter: January 1st, April 1st, July 1st, and October 1st.
  • Go to Discover official website or app to activate 5% cash-back reward in each quarter.

How To Activate:

There are two easiest ways to activate your 5% cash-back bonus:

1. Discover Website : 

Step 1: Go to the Discover website and log into your account.

Step 2: Navigate to the Discover It Cash Back Card section.

Step 3: Find the link or button that says “Activate Bonus Categories” or “Manage Cash Back.”

Step 4: Follow the on-screen instructions to choose the categories you want to activate for the ongoing quarter.

2. Discover App:

Step 1: Download and log in to your smartphone’s Discover It mobile app.

Step 2: Locate the section named Discover It Cash Back Card.

Step 3: Look for the link or button named “Activate Bonus Categories” or “Manage Cash Back.”

Step 4: Follow the app’s prompts to activate your desired categories.

Maximizing Your 5% Cash Back

Turn your Discover It Cash Back credit card into a cash back machine. Here are tips to maximize your rewards:

  • Always check Discover’s website and app to see upcoming bonus categories for each quarter. If any categories align with your regular spending, like groceries, utilize your Discover card to earn maximum cash back.
  • Using 5% cash back features in each quarter, you can earn up to $1500 in bonus. So, make high-ticket purchases to gain maximum rewards from your 5% cash-back card.
  • If you are a new cardholder, try to take advantage of Discover’s Cashback match bonus as much as possible. This can significantly boost your first-year earnings.
  • Remember, don’t overspend to chase rewards; always pay your balance in full to avoid interest charges.

Discover 5% Cash Back Calendar for 2024/2025

The Discover 5% Cash Back calendar for 2024/2025 is a blueprint to maximize your yearly rewards. You can get the full calendar for 2024/2025 on the official website of Discover, and Here is what you can expect:

Already Announced:

Q1 (January – March 2024): Restaurants and Drugstores

Q2 (April – Jun 2024): Gas Stations & Electric Vehicle Charging Stations, Home Improvement Stores, and Public Transit.

Not Announced Yet:

Q3 (July – September 2024): Reveal Date Around July 15, 2024 (Check Discover Website or App for More Updates & Confirmation)

Q4 (October – December 2024): Reveal Date Around October 15, 2024 (Check Discover Website or App for More Updates & Confirmation)

All Quarters Of 2025: Accouncement Dates will be confirmed in the upcoming quarters.

Always check this information around the beginning of each quarter to stay informed about the upcoming bonus categories and plan your spending accordingly to maximize your 5% cash-back potential.