Discover Cashback Calendar: Save 5% on Rotating Categories
The Discover it Cashback Match credit card is a great way to save on travel expenses that you cannot pay for with miles or points. By taking advantage of the Discover Cashback Calendar, which offers 5% cash back on rotating categories every quarter, you can score savings on items that don’t typically lend themselves to coupons.
Each quarter of the Discover Cashback Calendar, the credit card offers new categories of items that allow you to earn 5% cash back on up to $1500 in purchases. If you are a card holder, you need to “activate” the bonus category each quarter usually about two months in advance. Currently, the fourth quarter, October-December 2017, is available for activation.
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Through September, you can max out your earnings at restaurants, which is the third quarter’s featured category. Since it’s tough to pay for restaurant meals using points, this is a great way to make sure you’re still saving when dining out on your vacation — or at home!
Discover Cashback Calendar Fourth Quarter Categories: Amazon & Target
One of my favorite times of year to use the Discover it Cashback Match credit card is during Christmas and the holidays. In past years, Amazon.com has been the featured category for the Discover Cashback Calendar fourth quarter. We do lots of shopping at Amazon and find that other than Amazon’s sales, there are not a lot of easy ways to score a deal on this popular retail website.
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This year for the Discover Cashback Calendar fourth quarteer, Discover has added Target, as well! Whoo hoo! We also do lots of shopping at Target, and because we hold the Target Red Card Debit Card, which instantly saves you 5% on ALL purchases made with the card and gives you FREE shipping on anything ordered on Target.com, this is probably our second most used retail website at the holidays.
Now, with the Discover it Cashback Match, you could potentially save 10% off every purchase at Target (up to a max $1500 for the Discover cash back bonus). By pairing your Target Red Card Debit Card discount with the cash you get back from Discover, that’s 10% everytime.
Target also offers other easy ways to save like using their Cartwheel app, which saves 5% to 30% off select items, as well as pairing that with coupons in the mail, which often arrive around Thanksgiving, and apps like Ibotta and Find&Save, which give you cash back when you scan in select items along with the receipt.
How to Activate the Discover Cashback Calendar Bonuses
To activate your Discover Cashback bonuses, log into your Discover credit card account at Discover.com. Next you will click on Rewards and then select 5% Cashback Bonus from the dropdown menu. This will bring up a screen with all the rotating categories in the Discover Cashback Calendar. Find the quarter you’d like to activate (you’ll only be able to activate upcoming featured categories) and select Activate. Done!
Then anytime you use your Discover card to pay for a purchase that qualifies as that category — say dining at a restaurant or purchasing an item on Amazon.com — it will automatically credit you 5% back to your Discover card, which is available for use at the end of the credit card billing cycle.
At this point, you will be able to choose how you’d like to get your cash back. To do so, you will choose Rewards and then Redeem Rewards. You can then choose from:
- Depositing into your bank account
- Crediting to your Discover card bill
- An Amazon.com credit
- Gift cards for popular restaurants and stores with at least $5 free added to each card — This is a GREAT way to increase your savings!
- Donate to charity
We either deposit it directly into our bank account, credit to our discover bill or purchase a gift card for a store or restaurant we regularly use or patronize to extend our savings even further.
I see big savings in my future this holiday season! How about you? Will you use Discover cashback to save this holiday?
- Why I Stopped Clipping Coupons But How I Continue to Save
- The 7 Travel Credit Cards I Hold & Why
- 4 Easy Ways to Save Money for Travel
- Discover It Card Lets You Earn 5% Back at Walmart.com
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