With Black Friday looming, Discover is tweaking its bonus categories for the fourth quarter of 2020, adding Best Buy to the mix.
Select cards from the issuer, including the Discover it® Cash Back and the Discover it® Student Cash Back, pay 5% cash back in categories that you activate, on up to $1,500 per quarter in combined spending and 1% on all other spending.
The 5% categories for October through December were originally Amazon.com, Walmart.com and Target.com. From Nov. 25 to Dec. 31, purchases at Best Buy will also qualify.
If you've already activated the fourth-quarter categories, there's nothing more you need to do. Best Buy purchases, both in-store and online, will automatically start earning 5% cash back until you hit the quarter's combined spending limit. (Best Buy spending from before Nov. 25 will earn 1% cash back.)
It's the first time going back to at least 2014 that Discover has offered 5% cash back at Best Buy. The Citi Dividend card, which has a similar rewards structure, features Best Buy as a 5% retailer in the fourth quarter every year.
Looking for good deals in the bonus categories? NerdWallet's Black Friday team has you covered:
Discover bonus rewards categories for 2021
Q1 (Jan. 1 – March 31)
• Grocery stores*. • CVS. • Walgreens.
*The grocery stores category includes Walmart Grocery Pickup & Delivery, but not grocery purchases inside Walmart or at other superstores such as Target or wholesale clubs.
Q2 (April 1 – June 30)
• Gas stations. • Wholesale clubs. • Select streaming services.
Q3 (July 1 – Sept. 30)
• Restaurants. • PayPal.
Q4 (Oct. 1 – Dec. 31)
• Amazon.com. • Target.com. • Walmart.com.
The information related to Citi Dividend has been collected by NerdWallet and has not been reviewed or provided by the issuer or provider of this product or service.