Discover it Card: 5% Back Calculator & Benefits

Credit Card Rewards Calculator
Calculate how much you can earn with the Discover it Card's quarterly rotating 5% cash back categories, review the benefits, and compare top rewards cards.
Last Updated 2021-12-24

The Discover it® Cash Back card features categories that rotate on a quarterly basis. These categories offer 5% back on up to $1,500 in combined spend each quarter which can earn you $75 at the cap.

The card typically features great categories such as gas, restaurants, and popular retailers such as Amazon and Target. On top of that, Discover matches the cash back you earn the first year which basically double the rewards.

I highly recommend picking up the no-annual fee Discover it Cash Back card as it's a great card for earning cash back.

Card Details At-A-Glance

Issued By
Annual Fee
Foreign Transaction Fee

Bonus Categories

5% Quarterly Rotating Category

The Discover it Cash Card earns 5% cash back on up to $1,500 spent across all featured categories for the quarter. After the cap is hit, you'll earn at the non-category rate of 1% for the remainder of the quarter.

Quarters are defined as standard calendar quarters which are:

  • Q1: January 1 - March 31
  • Q2: April 1 - June 30
  • Q3: July 1 - September 30
  • Q4: October 1 - December 31

1% Everything Else

All other purchases on the Discover it Cash Card earns 1% cash back.

Discover it 5% Categories

The Discover it Cash Card features 5% cash back categories that rotates on a quarterly basis. You'll earn 5% cash back on up to $1,500 in combined spend across all featured categories for that quarter and earn 1% back for the rest of the quarter once you've hit that cap.

Discover it 2022 Categories
Quarter Categories
Q1 2022 Grocery Stores, Fitness Clubs, Gym Memberships
Q2 2022 Gas Stations, Target
Q3 2022 Restaurants, PayPal
Q4 2022, Digital Wallets

Past Discover it Categories

Listed below are the bonus categories featured over the past years for the Discover it Cash Card.

Discover it 2021 Categories
Quarter Categories
Q4 2021,,
Q3 2021 Restaurants, PayPal
Q2 2021 Gas Stations, Wholesale Clubs, Select Streaming Services
Q1 2021 Grocery Stores, Walgreens, CVS
Discover it 2020 Categories
Quarter Categories
Q4 2020,,
Q3 2020 Restaurants, PayPal
Q2 2020 Gas Stations, Uber, Lyft, Wholesale Clubs
Q1 2020 Grocery Stores, Walgreens, CVS
Discover it 2019 Categories
Quarter Categories
Q4 2019
Q3 2019 Restaurants
Q2 2019 Gas Stations, Uber, Lyft
Q1 2019 Grocery Stores
Discover it 2018 Categories
Quarter Categories
Q4 2018, Wholesale Clubs
Q3 2018 Restaurants
Q2 2018 Grocery Stores
Q1 2018 Gas Station, Wholesale Clubs

Card Benefits

The Discover it Cash Card features the following card benefits:

Discover Cashback Match

Discover will match your first 12 months of cash back, dollar-for-dollar. Matched cash back is given to you at the end of your first year of card membership.

This means you'll earn the equivalent of 10% back when spending across the 5% categories on the card during your first year.

Discover Deals

Discover Deals offers access to coupons that can earn you additional cash back and money off of everyday purchases.

Redeeming Discover Cash Back

Cash back earned with Discover Cards can be redeem for cash, gift cards, charity, and at checkout on Cash redemptions can be applied to your bill as a statement credit or it can be deposited electronically into your account.

Gift cards will usually get you a little over 1 cents in value depending on your redemptions. For example many $50 gift cards only cost $45 in Discover Cash Back giving you a little bit of bonus value.

Amazon and charity donations are also available with $1 in Discover Cash Back equaling an even $1 to spend with Amazon or $1 donated to charity.

Discover it 5% Back Calculator

You can use this calculator to calculate how much cash back you can earn spending across the 5% cash back categories on the Discover it Card. It will calculate 5% back on up to $1,500 in spend and calculate 1% cash back for every $1 spent over that.

5% Quarterly Category
Enter how much you would spend during the quarter (3-month period).
Total Cash Back Earned
The total amount of cash back you would earn during the quarter.
$ 0
Cash Back

Cash Back Calculator

Calculate how much cash back you can earn with the Discover it Cash Card based on your spend. Results can be compared side by side any U.S. credit card featured on the site.

Any spend entered into the primary card column (the first column) will carry over to all credit card calculators on the site, so there's no need to re-enter spend when viewing other credit cards.

NOTE: The Discover it Cash Card features one category called Quarter Rotating Categories that calculates 5% back on up to $1,500 for each quarter.

If you want to just calculate how much you would earn in a single quarter, use the Discover it 5% Back Calculator.

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