Most people assume Discover Card earns 1% Cashback bonus for all of its purchases. If you read the fine prints, the first $3,000 in purchases only earn .25% cash back bonus. Only after $3,000 do you start to earn 1% of purchases.
Each quarter, Discover Card, offers 5% Cashback Bonus on selected categories. For the 2nd Quarter (April 2009 – June 2009), you get 5% Cashback bonus for Home Improvement Stores, Department Stores and Clothing Stores up to $400 in purchases.
So if you have Discover Card and want to earn 5% Cash Back, make sure to FIRST signed up Discover Card for the 5% offer (it is not defaulted, you have to call Discover or enroll online).
Home Improment Stores
- Home Depot
- Loew’s
- Acme Hardware Store
- etc. etc.
Department Stores
- Macy’s
- Bloomingdales
- Sears
- JC Penny
- etc. etc.
Clothing Stores
- Gap
- Old Navy
- Banana Republic
- etc. etc.
Related posts:
- Discover Card 5% Cash Back – 4th Quarter 2011 – Restaurants and Department Stores
- Discover Card 4Q 2009 5% Cashback Bonus – Grocery Stores, Restaurants, Movies
- Discover Credit Card holders Double Cashback Rewards
- Discover Card 2Q 2009 5% Cash Back Promo – April – June 2009
- Discover Card 0% APR with $50 CashBack Bonus
Great advice! Thanks for posting this. It just goes to show how much people need to read the fine print. Most people never do still and only skim over the basics in bold.