The Discover it® Cash Back credit card features a rotating set of bonus categories that earn 5% cash back, up to $1,500 in purchases each quarter. On Sunday, the issuer released its full set of categories for the 2021 calendar year.
The rotating categories on the Discover it Cash Back card for 2021 are:
January to March: grocery stores, Walgreens and CVS
April to June: gas stations, wholesale clubs and select streaming services
July to September: restaurants and PayPal
October to December: Amazon.com, Walmart.com and Target.com
While many of these categories have been on Discover’s list in previous years, one category appearing for the first time in 2021 is select streaming services in the second quarter. It should be a useful bonus category for people who have turned to entertainment at home during the pandemic, especially since it includes such a robust list of streaming services.
In fact, the streaming services that earn 5% cash back on the Discover card in the second quarter of 2021 include Apple Music, Apple TV+, AT&T TV Now, BET+, CBS All Access, DAZN, Disney+, ESPN+, Fubo TV, Google Play Movies & TV, HBO Max, Hulu, Netflix, Pandora, Philo, Peacock TV, Showtime, Sirius XM, Starz, Sling, Spotify, Vudu and YouTube TV.
Since the Discover rotating bonus categories are capped at $1,500 in combined purchases each quarter, card holders can earn up to $75 in quarterly bonus cash back just by enrolling in the categories and then making sure to use their Discover card at the right merchants.
If you’re thinking about getting a Discover it Cash Back credit card, in addition to earning cash back rewards, the card also comes with an introductory APR offer for new card holders on both purchases and balance transfers.
You’ll pay 0% interest on all purchases for the first 14 months you have the card as well as 0% interest on balance transfers for 14 months from the date the first transfer posts to your account, with a 3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms). The interest rate on both offers jumps to a variable 11.99% to 22.99% afterward, so just make sure you pay off your debt before the introductory offers expire.
New Discover it Cash Back card holders also get a match of all the cash back they’ve earned at the end of the first year of having the card. That turns the 5% cash back categories into 10% cash back categories for year one. The card also earns 1% cash back on all other purchases, which equals 2% cash back in the first year with the cash back match.
And if you’re interested in other credit cards that offer rotating bonus categories, the brand-new Chase Freedom Flex also features categories that earn 5% cash back each quarter, along with a trio of fixed bonus categories. You can read more about it in our guide to the Chase Freedom Flex.