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The holiday shopping season will be a potentially rewarding time for eligible Discover cardholders this year.
From Oct. 1 through Dec. 31, 2023, qualifying cards like the Discover it® Cash Back and the Discover it® Student Cash Back will earn 5% cash back on up to $1,500 in combined quarterly spending in the following bonus categories (activation required; all other purchases earn 1% back):
Amazon.com has long been a staple on the Discover Q4 bonus list, having appeared there every year since 2015. Amazon.com sells almost everything, so this could be a great opportunity to avoid the crowds during the holiday shopping season and earn bonus cash back. All eligible purchases made through Amazon.com checkout can qualify, including digital downloads, Amazon Fresh orders, Amazon Local Deals, Amazon Prime subscriptions, and items sold by third-party merchants.
Target is also a common Q4 bonus category for Discover, and this year purchases made in-store, on Target.com and through the Target app can qualify for bonus cash back. However, purchases from individual merchants within physical target stores (like Starbucks or Pizza Hut) in addition to online purchases through affiliates like Target Optical or Target Photo may not qualify.
Discover bonus rewards categories for 2023
Q1 (Jan. 1–March 31)
Q2 (April 1–June 30)
Q3 (July 1–Sept. 30)
Q4 (Oct. 1–Dec. 31)
*The grocery stores category does not include grocery purchases at Walmart or Target or at other superstores or wholesale clubs.
For the first time in the past five years, Discover has elected not to release its entire 5% bonus calendar all at once in January, meaning cardholders must wait for categories to be revealed quarterly. The release of the full year's bonus calendar had been a distinctive feature, making it easier for cardholders to time their purchases. But this move puts Discover in line with other 5% rotating-bonus-category cards, like the Chase Freedom Flex℠.
Bonus categories can be activated online at Discover.com, through the mobile app or by calling 1-800-347-2683. Bonus rewards will not be applied retroactively, and only qualifying purchases made after activation will be eligible for bonus rewards.
Cash back may be redeemed for a statement credit, direct deposit, gift card or charitable donation. Discover’s Pay With Cashback Bonus program® also allows cardholders to use rewards to pay for merchandise with select merchants.