The main perk of the Discover it Cash Back Card is the ability to earn 5% cash back in rotating quarterly categories.
Cash back is capped at $1,500 in spending each quarter, and you must activate it in advance to be eligible.
Below is the Cash Back calendar for this year and when Discover historically offered each category.
Discover 5% Cash-Back Calendar for 2022
Here is the 5% Calendar for 2022:
- First quarter (January-March): Grocery stores, fitness clubs and gym memberships.
- Second quarter (April-June): Gas stations and Target.
- Third quarter (July-September): Restaurants and PayPal.
- Fourth quarter (October-December): Amazon.com and digital wallets.
History of the 5% Cash Back Category
Below is the history of Discover’s 5% Cash Back Quarterly Categories since 2017:
Amazon.com has been chosen six times for 5% cash back all in the Fourth Quarter of 2017, 2018, 2019, 2020, 2021, and 2022.
Grocery stores have been chosen five times for the 5% Calendar in the First Quarter of 2018, 2019, 2020, 2021, and 2022.
Restaurants have been chose six times for the 5% Calendar in the Third Quarter of 2017, 2018, 2019, 2020, 2021, and 2022.
Gas stations have been chosen six times for the 5% Calendar in the Second Quarter of 2017, 2018, 2019, 2020, 2021, and 2022.
PayPal has been chosen three times for 5% Cash back in the Third Quarter of 2020, 2021, and 2022.
Target has been chosen four times for the 5% calendar, with online purchases on Target.com for Fourth Quarter of 2020 and 2021, and in-store at Target in the Second Quarter of 2022 and Fourth Quarter of 2017.
Walmart.com has been chosen twice for the 5% Calendar in the Fourth Quarter of 2020 and 2021.
Wholesale clubs like Costco and Sams Club have been chosen six times for the 5% Calendar for:
- First Quarter of 2017 and 2018
- Second Quarter of 2017, 2020, and 2021
- Fourth Quarter of 2018
Home Improvement Stores
Home improvement stores like Home Depot and Lowes were chosen one time in the Second Quarter of 2017.
Home Depot was also chosen for June 2020 (but not the full quarter).
CVS and Walgreens
CVS and Walgreens have been chosen twice for 5% Cash Back for the First Quarter of 2020 and 2021.
Uber and Lyft
Uber and Lyft have been chose twice for the 5% Calendar in the Second Quarter of 2019 and 2020.
Fitness Clubs and Memberships = 2022 Q1
Select Streaming = 2021 Q2
Digital Wallets = 2022 Q4