Discover 5% Cash Back Categories 2020 Uncovered
Traditionally, in November, Discover announces its new 5% cash back categories for the next year. This year was no exception.
We would remind you that some Discover it® cash back credit cards offer their holders a 5% cashback bonus in certain groups of locations on up to $1,500 per quarter. These locations rotate once a quarter and should be activated each time in the online account. All other purchases made with the Discover it® Cash Back, the Discover it® Balance Transfer, the Discover it® Student Cash Back and the NHL® Discover it® bring users unlimited 1% cashback.
So what awaits Discover cardholders next year? Did new categories appear, or did everything remain unchanged? Here is the Discover 5 percent cash back calendar 2020:
- January 1 – March 31, 2020: Grocery Stores (except Target and Walmart), Walgreens and CVS.
- April 1 – June 30, 2020: Gas Stations, Uber, Lyft and Wholesale Clubs.
- July 1 – September 30, 2020: Restaurants and PayPal.
- October 1 – December 31, 2020: Amazon.com, Target.com and Walmart.com.
Compared to the Discover 5% cash back calendar of 2019, the new one, on the one hand, remained very similar in general and retained the previous categories. On the other hand, Discover still managed to please its customers with several new locations. For example, in addition to grocery stores, the first quarter now offers 5% back at Walgreens and CVS pharmacies. And wholesale clubs were added to the second quarter category with gas stations, Uber and Lyft.
As always, each category becomes available for activation 2 months before it gets valid. Thus, you can already activate the first category of the upcoming year in your Discover online account. The second quarter can be activated starting February 1, the third quarter – starting May 1, and the fourth quarter – starting August 1.
Latest Credit Card Rewards News
When the new year is on the way, everyone wants to not only resume the previous one but also draw up new plans and resolutions. This applies to your credit card rewards as well. If you are a happy owner of a cashback credit card with rotating quarterly categories, you probably were looking forward to December to find out what the issuer would prepare for you this time and where you could get more benefits.
This month, Capital One added an important extra redemption option for some of its credit cards. Such an introduction will surely appeal to lovers of shopping at online stores, and, more precisely, at Amazon.com. Yes, now owners of most Capital One credit cards get the opportunity to spend the rewards they earn on millions of Amazon items (except the restricted ones) due to a new partnership!
It has just been announced that Capital One and Walmart are preparing to release their new product – the Capital One Walmart Rewards Credit Card Program. The program will be available on two new co-branded credit cards that are specially designed for customers shopping at Walmart.
If you are lucky to own one of the Discover cashback bonus credit cards i.e. the Discover it® Cash Back, the Discover it® Balance Transfer, the Discover it® Student Cash Back or the NHL® Discover it® credit card, you most probably know that May brings the beginning of activating the 3rd quarter 5% cashback bonus category. But are you hip to the latest news about the categories update?
On April 22 the Canadian direct bank Tangerine Bank introduced an improved sign-up bonus offer for their no-annual fee cash back credit card – the Tangerine Money-Back Credit Card. Founded by ING Group in 1997, Tangerine Bank was acquired by Scotiabank in 2012 and now besides the Mastercard cash back card offers savings and chequing accounts, mutual funds and mortgages.