Activate Discover 5% Bonus Categories Now For Q3

cash-back-credit-cards-holidayThe Discover It card, like several other credit cards, requires cardholders to go online and activate bonus categories of spending. This system is designed to encourage cardholders to actively engage with the card issuer, and minimize rewards issued to those who don’t. It is also a way of keeping track of who is actively using the card for this benefit. Think of it like a promotion where customers are supposed to mention a certain thing to get a discount.

Activating bonus categories

As with other competing products Discover it cardholders can activate their quarterly bonus categories before or during the quarter. And after June 15th, they can activate the Q3 bonus category of gas stations, which is valid from July through September. In fact, bonus categories that are activated at any time apply to purchases made throughout the quarter, so they are retroactive.

The Q4 bonus category is holiday shopping, but Discover has yet to announce the details of that category, which are to be made public on August 1st.

  • Fair. No annual fee. No overlimit fee. No foreign transaction fee. Pay up to midnight ET online or by phone on your due date without a fee. Plus, paying late won't raise your APR.*
  • Generous. 5% cash back at Home Improvement Stores, Furniture Stores and Bed Bath & Beyond® on up to $1,500 in purchases from April through June 2014.*
  • Human. 100% U.S.-based customer service available any time.
  • Safe. Because you're never responsible for unauthorized charges with our $0 Fraud Liability Guarantee.
  • Plus, free FICO® Credit Score on your monthly statement to help you stay on top of your credit.*
  • 0% Intro APR* on purchases and balance transfers for 14 months. Then the variable purchase APR applies, currently 10.99% - 22.99%. A fee of 3% applies for each balance transferred.
  • *Click 'Apply' to see rates, rewards, and free FICO® Credit Score terms and other information.
Purchases Intro
Balance Transfers Intro
Regular APR
Annual Fee
Credit Needed

0% for 14 months*

0% for 14 months*

10.99% - 22.99% Variable*

$0

Excellent Credit


Other things to know about the 5% cash bonus

5% cash back is only offered on the first $1,500 of eligible spending each quarter. Purchases beyond $1,500 will only earn the standard 1% cash back. Cash back can be redeemed as a direct deposit, statement credit, or used to pay for purchases from Amazon, iTunes, and other select partners. Cash back can also be used for gift cards or for charitable donations.

  • Fair. No annual fee. No overlimit fee. No foreign transaction fee. Pay up to midnight ET online or by phone on your due date without a fee. Plus, paying late won't raise your APR.*
  • Generous. 5% cash back at Home Improvement Stores, Furniture Stores and Bed Bath & Beyond® on up to $1,500 in purchases from April through June 2014.*
  • Human. 100% U.S.-based customer service available any time.
  • Safe. Because you're never responsible for unauthorized charges with our $0 Fraud Liability Guarantee.
  • Plus, free FICO® Credit Score on your monthly statement to help you stay on top of your credit.*
  • 0% Intro APR* on balance transfers for 18 months. Then the variable purchase APR applies, currently 10.99% - 22.99%. A fee of 3% applies for each balance transferred.
  • 0% Intro APR* on purchases for 6 months. Then the variable purchase APR applies, currently 10.99% - 22.99%.
  • * Click 'Apply' to see rates, rewards, and free FICO® Credit Score terms and other information.
Purchases Intro
Balance Transfers Intro
Regular APR
Annual Fee
Credit Needed

0% for 6 months*

0% for 18 months*

10.99% - 22.99% Variable*

$0

Excellent Credit


The best way to use cash back

Smart cardholders will simply ask for direct deposit or a statement credit. That way, they can use that money for any purpose. Even if they choose to make purchases from eligible retailers or buy a gift card, they are better off earning rewards from their purchases than using rewards for their purchases. And in the case of charitable giving, cardholders can’t deduct the value of their rewards from their taxes, they can only deduct cash donations. So if cardholders choose to donate, it is much better for them to redeem cash back and donate that than to donate their rewards.

When cardholders understand how the Discover it’s cash back bonus program works, they can earn the most possible rewards from their daily spending.

About the author

Jason Steele

Jason Steele is a freelance journalist specializing in personal finance and travel and is recognized as an expert in credit cards. He is a regular contributor to many of the top personal finance sites such as Wise Bread and Money Talks News. His work has been frequently carried on mainstream news outlets such as MSN Money, Yahoo, Finance, and Business insider.

Jason lives in Denver Colorado with his wife and two daughters.

– has written 248 posts.

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