(Want an even easier option? Discover will email you an activation link that works in a single click, no login necessary.)
In 2022, the Discover it Cash Back calendar includes the following rotating bonus categories: Quarterīefore you can start earning 5 percent cash back on your bonus category purchases, you’ll need to activate those categories.ĭiscover makes it easy to activate your rotating categories - all you have to do is log in to your Discover online account or app and select the option to activate them. If you maximize your bonus category spending every quarter, for example, you’ll earn $75 in cash back per quarter ($300 per year), and at the end of your first year, you’ll get another $300 in cash back. Plus, first-time cardholders can take advantage of Discover’s Cashback Match program, which matches all of the rewards you earn during your first year as a cardholder. All other purchases receive an unlimited 1 percent cash back. The Discover it Cash Back offers 5 percent cash back on categories that rotate every quarter, for up to $1,500 in purchases per quarter (then 1 percent back).
CHASE DOM CATEGORIES QUARTERLY HOW TO
Here’s how to decide whether the Discover it Cash Back or the Chase Freedom Flex is right for you. The Discover it Cash Back and the Chase Freedom Flex have many similar features - but the amount of rewards you can earn with each will depend on your shopping habits and your financial goals. The Discover it Cash Back offers a flat 1 percent cash back on all other purchases, while the Chase Freedom Flex offers a range of cash back percentages depending on your shopping category. Both offer 5 percent cash back on bonus categories that rotate every quarter, for a maximum of $1,500 in purchases (or $75 cash back) every quarter. The best rotating category credit cards are the Discover it® Cash Back and the Chase Freedom Flex℠. What are the best rotating category credit cards? Once you maximize your bonus category rewards, any additional purchases in your bonus categories will earn cash back at the card’s regular rewards rate.Ĭommon bonus categories include restaurants, grocery stores, streaming services and gas stations - as well as specific retailers like Walgreens, Target or. There’s usually a limit on the amount of bonus category rewards you can earn per quarter. Rotating category credit cards generally offer a high rewards rate - typically 5 percent cash back - on a few shopping categories that change every quarter. The best rotating category credit cards feature popular spending categories throughout the year, giving you the opportunity to maximize your bonus category rewards. In January, your bonus categories might include grocery stores and eBay by October, your bonus categories could switch to Walmart and PayPal. Unlike flat-rate cash back cards that offer the same cash back percentage on every purchase and bonus category cash back cards that offer higher cash back percentages on spending categories that never change (such as credit cards that reward grocery shopping), rotating category credit cards give you the opportunity to earn high-level cash back percentages on a variety of everyday expenses over the course of a year.
Rotating category credit cards are cash back credit cards that offer their highest cash back percentage in shopping categories that rotate on a regular basis, often quarterly. Here’s what you need to know about rotating category credit cards, including how rotating category cards work, some common rotating credit card categories and how to choose between the two best rotating category credit cards currently on the market. Most of today’s best credit cards offer rewards, but not all credit cards give you the opportunity to earn high-level cash back rewards on rotating bonus categories. Whether a rotating category credit card is right for you depends on what you’re hoping to get out of your credit card. Other people avoid rotating credit cards because they don’t like strategizing to use them well or simply don’t understand how they work. For some people, a rotating category credit card can be a powerful tool, giving them the opportunity to earn 5 percent cash back on many different shopping categories throughout the year.
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