If you haven’t yet applied for either of these cards, Discover’s Cashback Match feature may be enough to push you toward applying for the Discover it Cash Back. For example, do you tend to spend more on online shopping or dining? Do you consider yourself a DIYer or a Costco superfan (who doesn’t love samples)? In the second quarter of 2023, which category provides more value really depends on the cardholder.

Grocery stores, drug stores and select streaming services Target, grocery stores (excluding Walmart) and fitness clubs and gym memberships

Here’s a look at Discover bonus categories for 2023 compared to that offered by Chase. Discover also allows cardholders to earn 5 percent cash back in activated rotating categories each quarter (on up to $1,500 in spending, then 1 percent) with the Discover it® Cash Back. Plus, if you forget to activate your quarterly categories until midway through the quarter, say on May 15, you can always activate your bonus categories and still earn 5 percent cash back retroactively on all qualifying purchases you made throughout the entire quarter.Ĭomparing Chase and Discover bonus categoriesĬhase isn’t the only card issuer that offers a 5 percent cash back bonus. As a reminder, transactions must post to your credit card statement before the end of the first quarter in order to qualify.You could also shift some household products, such as lightbulbs or clothing hangers, from your usual retailer to Lowe’s, at least until June ends. For all your household furnishing or gardening needs, Lowe’s is the place to go.Whether you’re preparing dinner for yourself or the entire family, you may appreciate the convenience of the salad bar or the prepared foods (such as rotisserie chicken or clam chowder) sections there.

When buying fresh produce or coffee beans or cereal, you can purchase them at a nearby Whole Foods.These days you’ll be hard-pressed to find something that Amazon doesn’t sell. Since the e-commerce giant sells a variety of goods - from clothing to shampoo to games to cleaning supplies to snacks - it’ll be easy to maximize your purchases there. Do a majority of your household spending on.Tips for maximizing your 5% cash back in Q2 2023 However, if you purchase something from Whole Foods Market from a third-party site, like Instacart, it will not earn 5 percent cash back. You may also be thrilled to hear that purchases made at Whole Foods Market (in store and online) also qualify in this category. What is included in the category?Īnything you buy from should be eligible such as digital downloads, gift cards and Amazon Prime subscriptions. If you also bought Lowe’s products via a third-party provider, they will not qualify either. Some exclusions from the category are purchases made by contractors or specialists while they work on an home improvement project for you. Pretty much any purchase made in person at a Lowe’s store or online at will qualify for the 5 percent cash back. The 5 percent cash back bonus (which requires activation) is capped at $1,500 in combined purchases per quarter, after which you’ll earn 1 percent.įor reference, here’s a quick look at the categories Chase offered in 2022: Winter.Cardholders who activate second-quarter categories can earn 5 percent cash back Lowe’s and purchases.Activation for second-quarter categories opened on Maand will close on June 14, 2023.All other purchases earn 1 percent cash back. You must activate the categories by June 14, 2023, to begin earning bonus cash back.īesides the quarterly categories, the Freedom Flex offers 5 percent cash back on travel booked through the Chase Ultimate Rewards portal, 5 percent back on Lyft rides through March 2025 and 3 percent back on dining and drugstore purchases. Chase has announced the 5 percent cash back categories on the Chase Freedom Flex℠* and the retired Chase Freedom®* for the first quarter of 2023.įrom April through June 2023, Freedom and Freedom Flex cardholders can earn 5 percent cash back on Lowe’s and purchases (up to $1,500 in combined purchases, then 1 percent) after activation.

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