Discover’s 5% Cash Back Calendar for Q1 2024: Restaurants and Drugstores

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The main perk of the Discover it® Cash Back 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 2023 & 2024

Here is the 5% Calendar for 2023 and 2024: 

First quarter 2024 (January-March): Restaurants and Drugstores (including purchases made at stand-alone drug stores, pharmacies, pharmacies located inside of retail stores, and from online pharmacies.)

Second quarter 2023 (April-June): Restaurants and Wholesale Clubs.

Third quarter 2023 (July-September): Gas Stations and Digital Wallets.

Fourth quarter 2023 (October-December): Amazon.com and Target.com.

History of the 5% Cash Back Category

Below is the history of Discover’s 5% Cash Back Quarterly Categories since 2017:

Amazon

Amazon.com has been chosen six times for 5% cash back all in the Fourth Quarter of 2017, 2018, 2019, 2020, 2021, 2022, and 2023.

Grocery Stores

Grocery stores have been chosen five times for the 5% Calendar in the First Quarter of 2018, 2019, 2020, 2021, 2022, and 2023.

Restaurants

Restaurants have been chose seven times for the 5% Calendar:

  • First Quarter– 2024.
  • Second Quarter– 2023.
  • Third Quarter – 2017, 2018, 2019, 2020, 2021, and 2022.

Gas Stations

Gas stations have been chosen seven times for the 5% Calendar:

  • Second Quarter – 2017, 2018, 2019, 2020, 2021, and 2022.
  • Third Quarter– 2023.

PayPal

PayPal has been chosen three times for 5% Cash back in the Third Quarter of 2020, 2021, and 2022.

Target

Target has been chosen five times for the 5% calendar: 

  • Both in-store and online: 4th Quarter of 2023.
  • Online purchases on Target.com for the Fourth Quarter of 2020 and 2021
  • In-store at Target in the Second Quarter of 2022 and Fourth Quarter of 2017. 

Walmart

Walmart.com has been chosen twice for the 5% Calendar in the Fourth Quarter of 2020 and 2021.

Wholesale Clubs

Wholesale clubs like Sams Club and BJ’s have been chosen six times for the 5% Calendar for:

  • First Quarter – 2017 and 2018
  • Second Quarter – 2017, 2020, 2021, and 2023
  • Fourth Quarter – 2018

Just remember that Costco does not accept Discover in-store, but it does accept it on Costco.com.

Home Improvement Stores

Home improvement stores like Home Depot and Lowes were chosen once in the Second Quarter of 2017.

Home Depot was also chosen for June 2020 (but not the full quarter).

Drug Stores

Drug Stores have been chosen twice in the first quarter for 2023 and 2024.

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 chosen twice for the 5% Calendar in the Second Quarter of 2019 and 2020. 

Digital Wallets

Digital Wallets have been chosen twice:

  • Third Quarter – 2023
  • Fourth Quarter – 2022

Other Categories

Fitness Clubs and Memberships = 2022 Q1

Select Streaming = 2021 Q2 and Q1 2023

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