Discover Announces 2024 5% Cashback Calendar

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Last updated on January 22nd, 2024

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 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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About: Cory Santos
Cory Santos

Cory is the senior credit card editor at BestCards, specializing in everything credit card-related. He’s worked extensively with credit cards and other personal finance topics, including nearly five years at BestCards. Cory’s extensive knowledge is an essential part of the BestCards experience, helping readers to live their best financial lives with up-to-date insights and comprehensive coverage of all facets of the credit card space, including market trends, rewards guides, credit advice, and comprehensive credit card reviews.

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