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.