Discover cash back calendar 2021: Earn 5% back in rotating bonus categories like dining, gas, and Amazon

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  • Some Discover credit cards offer 5% cash back bonus categories that change every three months.
  • These include the Discover it® Cash Back and Discover it® Student Cash Back.
  • You can earn 5% back on up to $1,500 in combined spending in these categories each quarter (then 1%) after you activate (from April to June 30, 2021, you can earn 5% cash back at gas stations, wholesale clubs and select streaming services on up to $1,500 in purchases after enrollment, then 1%).
  • Read Insider’s guide to the best rewards credit cards.

If you want to make the most of cash-back credit cards, there are different earning structures to be aware of. Some cards offer a flat cash-back rate for all purchases, others include extra rewards in specific categories, and a few offer increased earnings in bonus categories that rotate every quarter. 

The Discover it® Cash Back and Discover it® Student Cash Back fall into the last category. Both earn 5% cash back on up to $1,500 spent in combined bonus categories (then 1%) that change every three months, and 1% back on all other purchases. To earn 5% cash back, you’ll first need to activate the bonus through your Discover online account, and if you enroll after the start of the quarter, the bonus will be in effect from the day you activate. 

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Read more: Discover it Cash Back credit card review

New cardholders will also have all of their rewards matched after their first 12 months through the Discover cash back match program, which can add up quickly if you spend a lot on your card throughout the year.

We’re focused here on the rewards and perks that come with each card. These cards won’t be worth it if you’re paying interest or late fees. When using a credit card, it’s important to pay your balance in full each month, make payments on time, and only spend what you can afford to pay.

Discover it 5% cash back calendar for 2021

Discover it® Cash Back

Discover Discover it® Cash BackChase Chase Freedom Flex℠Citi Citi® Double Cash CardChase Chase Freedom Unlimited®Chase Chase Freedom Flex℠

For rates and fees of Discover it® Cash Back, please click here.

For rates and fees of Discover it® Student Cash Back, please click here.

Disclosure: This post is brought to you by the Personal Finance Insider team. We occasionally highlight financial products and services that can help you make smarter decisions with your money. We do not give investment advice or encourage you to adopt a certain investment strategy. What you decide to do with your money is up to you. If you take action based on one of our recommendations, we get a small share of the revenue from our commerce partners. This does not influence whether we feature a financial product or service. We operate independently from our advertising sales team.

Disclosure: This post is brought to you by the Personal Finance Insider team. We occasionally highlight financial products and services that can help you make smarter decisions with your money. We do not give investment advice or encourage you to adopt a certain investment strategy. If you take action based on one of our recommendations, we get a small share of the revenue from our commerce partners. This does not influence whether we feature a financial product or service. We operate independently from our advertising sales team.

Please note: While the offers mentioned above are accurate at the time of publication, they’re subject to change at any time and may have changed, or may no longer be available.

**Enrollment required.

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