Signing up for credit cards through partner links earns us a commission. Here’s our full Advertising Policy.
Update: One or more card offers in this post are no longer available. Check our Hot Deals for the latest offers.
You can earn 5% cash back in rotating categories each quarter with the Discover it card. And current and new cardholders can get all the cash back they earn doubled after 12 billing cycles.
Plus, I’ll show you tricks for making this deal even better!
What’s the Discover it Card?
Link: Discover it Card
You can earn $50 after your 1st purchase when you sign-up for the Discover it card within the 1st 3 months of opening your account.
You’ll also get:
- 5% cash back in rotating categories (on up to $1,500 in spending) each quarter
- 1% cash back on all other spending
- No foreign transaction fees
- No annual fee
And all the cash back you earn will double at the end of your 1st 12 months!
You do NOT have to be a new cardholder to earn double cash back for 1 year. If you already have the Discover it card, you can request double cash back by calling 800-347-3085.
It’s a quick, easy call and the deal starts on your next billing cycle.
Discover It Miles
You can also earn double miles with the Discover it Miles card for a total of 3% back on spending in the 1st year. You can redeem miles for statement credits toward travel expenses, or have cash back deposited to your bank account.
How to Earn 10% Cash Back on Everyday Shopping
Because the Discover it card automatically doubles your cash back at the end of your 1st year, you’ll effectively earn 10% cash back in rotating categories and 2% cash back on all other spending.
You can earn 5% cash back on up to $1,500 in spending each quarter at:
- Home Improvement Stores, Department Stores, and Amazon (July 2015 to September 2015) – $75 cash back ($1,500 in spending X 5%)
- Holiday Shopping (October 2015 to December 2015) – $75 in cash back ($1,500 in spending X 5%)
So you’ll earn a $150 in cash back when you complete the spending for these 2 quarters. And at the end of your 1st year, you’ll get another $150 for a total of $300 cash back!
Plus, you’ll still get double cash back for 6 months of 2016!
Note: This is if you’re approved for the card now or if you activate the bonus now. Remember, the deal begins in your next billing cycle. And you’ll get the double bonus after your 12th month, as long as you’re still a cardholder.
How to Maximize the 5% Cash Back Categories
These categories make it easy to meet the maximum $1,500 in spending each quarter. That’s because you can buy a variety of gift cards to other retailers, which opens up your spending options!
Retailers that sell a variety of gift cards to restaurants, Amazon, movie theaters, and more, include:
- Lowe’s (Home Improvement Stores)
- Sears (your local Sears may have Visa gift cards)
We don’t know what the Holiday Shopping category will entail yet. But in previous years it included Amazon and “online purchases.”
The Chase Freedom card also usually offers 5% cash back (on up to $1,500 in spending) at Amazon during the last quarter of the year.
Sweeten the Deal!
The Discover it card’s 5% cash back categories for the final 6 months of 2015 include shopping at Home Improvement Stores, Amazon, and Holiday Shopping. For shoppers, this makes the Discover it card very lucrative!
That’s because new cardholders will have the cash back they’ve earned doubled after 12 billing cycles. Folks who already have a Discover it card can call 800-347-3085 to enroll in this deal.
So you could earn a total of $300 in cash back in 2015 if you spend the full $1,500 each quarter.
This deal gets even better when you go through online shopping portals to earn additional cash back or airline and hotel points.
That’s a fantastic savings, especially during the holiday season.