on the discover card what happens if you activate the 5% after you have already made a purchase?

After you spend that much in the category, you’ll earn 1% cash back. For example, you’ll earn 5% cash back at grocery stores from January to March on the first $1,500 you spend, and only 1% back after that. One of the best bits: Discover will double the cash back you earn in your first year.

Full Answer

How much cash back does the discover it card offer?

Jan 06, 2022 · You must activate the bonus each quarter to receive 5% back. The first-quarter bonus categories are open for activation and will be active from Jan. 1, 2022 – or the date you activate, whichever is later – through March 31, 2022. The bonus is capped at $1,500 in combined spending per quarter and then the rewards rate drops to 1%.

What are the benefits of the discover Plus card?

Q3 Program Details: Activate to earn 5% Cashback Bonus at Restaurants and PayPal from 7/1/22 (or the date on which you activate 5%, whichever is later) through 9/30/22, on up to $1,500 in purchases. Restaurant purchases include those made at merchants classified as full-service restaurants, cafes, cafeterias, fast-food locations, and restaurant ...

How do I Activate my Discover Card?

You can usually use your credit card right away after you activate it. And you can use it for as long as your account is open and the card has not expired. If you have any problem using your card after you’ve activated it, be sure to call us immediately at the number on the back of the card.

When does the discover third quarter bonus start and end?

Jan 01, 2013 · You would be hard-pressed to find a card with no annual fee that earns more than 5% cash back in bonus categories, which for the Discover it® Cash Back have recently included things like gas ...

Why did my Discover cashback match disappeared?

If your account is closed or no longer in the cash back reward program at the time we calculate your potential award, your cash back will not be matched. You've earned cash back rewards when they have posted to your account by the end of the 12th consecutive billing period.

Is there a limit on Discover cashback?

No, there is no limit to the overall amount of Cashback Bonus you can earn, and you always earn cash back on every purchase. The 5% Cashback Bonus program does have a quarterly maximum and other special promotions may also include a cap.

Can I use my Discover cashback to pay my bill?

Yes, the amount of Cashback Bonus needed to redeem varies by option: Apply your rewards as a statement credit towards your Discover bill or as an electronic deposit into your bank account—redeem starting at a penny.

How do I activate my Discover 5?

How do I sign up for the 5% Cashback Bonus program? It's free and easy. If you are already a Discover it®or Discover® More® cardmember, log in to the Account Center or call 1-800-DISCOVER (1-800-347-2683) to activate. Remember, you must activate every quarter.