Discover has revealed its 2024 5% Cashback Calendar. The new calendar sees significant changes to Discover’s 5% bonus lineup but cardholders still enjoy 5% cash back on the first first $1,500 in quarterly spending.
Discover Launches 2024 5% Cashback Calendar
The new Discover 5% Cashback Calendar is here. The popular bonus calendar provides Discover It Cash Back cardholders with up to 5% cash back on eligible purchases each quarter, with bonus categories changing every three months.
The latest edition of the Discover Cashback Calendar sees the bank switch from its previous method of revealing the full calendar at the start of the year. Instead, Discover only provides the details a quarter at a time. This is the same practice as Chase’s Freedom Cash Back Calendar.
Cardholders earn 5% back on the first $1,500 in quarterly spending on select categories, with those 5% back categories for 2024 being:
| Date | 5% Cash Back Category | ||
|---|---|---|---|
| Q1 | January – March 2024 | Restaurants and drug stores | |
| Q2 | April – June 2024 | Gas stations & EV charging, home improvement stores, and public transit | |
| Q3 | July – September 2024 | TBD | |
| Q4 | October – December 2024 | TBD | |
2024 Cashback Calendar Vs. 2023 Cashback Calendar
It’s tough to say if the 2024 Cashback Calendar compares very favorably with the 2023 Calendar. As a refresher, here are the 2023 Cashback Calendar categories:
| Date | 5% Cash Back Category | ||
|---|---|---|---|
| Q1 | January – March 2023 | Grocery stores, drug stores, and select streaming services | |
| Q2 | April – June 2023 | Restaurants and wholesale clubs | |
| Q3 | July – September 2023 | Gas stations and digital wallets | |
| Q4 | October – December 2023 | Amazon.com and Target | |
Q1 sees a switch towards everyday savings, with Discover It earning 5% back on restaurants and drugstores. Last year, the card also earned 5% back on drugstores, along with groceries and streaming. This change reduces the potential value for everyday spenders.
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Featured image by Discover
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