New Discover 5% cash back bonus category starts today

Just a reminder that starting today there is a brand new 5% cash back bonus category for the Discover It credit card. The first quarter of 2013 featured restaurants and movies. The second quarter of 2013 will feature 5% cash back on home improvement stores.

Discover cash back

If you’re thinking that you don’t spend much money at Lowe’s or Home Depot, here’s a good article on how to get 5% cash back on many other categories such as gas, restaurants, Amazon purchases, and many others. Here’s a hint:

Gift cards at Lowe's

 

The 5% cash back is on the first $1,500 in purchases. After that (and for all other purchases at any time) it’s 1% cash back until a new category starts in September.

I’m using the Discover card strictly on bonus categories, and I’ve earned $56 in cash back only in the first 2 months of use. You can actually stretch out and increase the value of your cash back by exchanging it for some of these gift certificates.

You can apply for the Discover It card here.

 

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