When it comes to cash back credit cards, Discover it® Cash Back is one of our favorites for good reason. It offers some of the most competitive cash back rewards we’ve seen, a long intro APR period, and seemingly endless perks, like free identity theft protection (note this requires activation), free FICO scores on cardholders’ monthly statements and more. Although these added perks are noteworthy, the really appealing aspect of this card is its 5% cash back rotating categories every quarter you activate (up to the quarterly maximum, currently $1,500, then it’s 1% back). These categories rotate on a quarterly basis, which allow you to make the most of your purchases throughout the year. That’s because they usually align with seasonal purchases you make throughout the year, and Discover it Cash Back’s categories do exactly that.

Discover it Cash Back’s 2020 5% Cash Back Categories

Before we dig into the categories, we should note that they also apply to Discover it® Balance Transfer. Now let’s get into these categories:

  • January through March: grocery stores, Walgreens and CVS
  • April through June: gas stations, Uber, Lyft and wholesale clubs (that accept Discover)
  • July through September: restaurants and PayPal
  • October through December: Amazon.com, Target.com and Walmart.com

Discover requires you to activate these rewards every quarter, but Discover will remind you to do so when you log into the online platform. You can also opt into email alerts, so you’ll get reminders in your inbox.

We really like Discover’s 2020 rotating categories because they truly align with seasonal spending habits throughout the year. We especially love the holiday categories — Amazon.com and Target.com and Walmart.com, oh my!

What else does Discover it Cash Back offer?

Discover it Cash Back is truly one well-rounded credit card. On top of the cash back on rotating categories noted above, you’ll earn 1% cash back on all purchases and get a unique intro bonus opportunity. All cash back you earn in the first year as a Discover it Cash Back cardholder will be matched at the end of the year. This means if you earn $200 in the first year as a cardholder, you’ll earn an additional $200 at the end of the year for a total of $400 back! That’s like earning an effective 10% cash back on rotating categories (up to the quarterly maximum) and 2% cash back on all other purchases made in the first year.

Cash back rewards earned with Discover it Cash Back can be redeemed in any amount at any time for a credit to your Discover account; gift cards or instant eCertificates ($20 minimum redemption required); an electronic deposit into any account you designate or charitable donations to select charities. You can also pay with your rewards at select online retailers, like Amazon.com.

Another aspect of this card that we especially love is the 14-month 0% intro APR on purchases and balance transfers — after that, the rate is 13.49% - 24.49% Variable. There’s a 3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms), but this one-time fee likely isn’t a big deal when you consider how long the 0% intro APR period is and what you’re currently paying in interest.

Discover it Cash Back also has no annual fee, no foreign transaction fees and no late fee on your first payment. As if all of that isn’t enough, you’ll get the added perks noted above (and then some).

Is it the right card for me?

As you can see, the Discover it Cash Back card really offers the best of the cash back and low APR worlds. Its rotating categories are some of the most competitive we’ve seen, and earning rewards is easy, especially with the Cashback Match bonus you’ll earn in the first year. If you think the 2020 rotating categories align with your purchases throughout the year, now’s the time to get the Discover it Cash Back card so you can rack up rewards throughout the year and start 2021 with some stellar cash back rewards.

Disclaimer: This content is not provided or commissioned by the credit card issuer. Opinions expressed here are author’s alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. This content was accurate at the time of this post, but card terms and conditions may change at any time. This site may be compensated through the credit card issuer Affiliate Program.