If you activate late (after the quarter has started and you’ve spent money in the category), call your issuer and ask them to apply the 5% retroactively. Typically, activation begins one month before the quarter starts, and ends two weeks before the quarter ends. However because the bank knows people are lazy (and forgetful), they’ve added this crutch to ensure that some customers will merrily go along with their 1% cash back all year long. If the cash back were given to consumers automatically, 100% of their customer base would receive it. Discover and Chase do this because it likely saves them millions of dollars each year. Keep this card in the United States!ĭon’t Forget to Activate Your 5% Cash BackĮvery quarter, each of these credit cards requires activation to receive your 5% cash back. The has no annual fee and does charge a 3% foreign transaction fee when you make purchases abroad.
#Chase freedom categories 2021 movie#
July – September: Gas Stations, Car Rental Agencies, Movie Theatres, and Select Live EntertainmentĬhase also offers a intro APR on purchases and balance transfers for the first 15 months from account opening (the ongoing APR after the intro rate expires is ).April – June: Amazon and Select Streaming Services.January – March: Grocery Stores (Excluding Target® and Walmart®) and eBay**.The maximum amount you can spend per quarter to earn 5% cash back is $1,500.įor 2022, you can earn bonus cash back on up to $1,500 spent each quarter on the following categories: Most purchases earn 1% cash back and every quarter, a select group of purchases earns 5% cash back. Save a little money off the top AND take your time paying the balance down to zero. Should you have a big purchase coming up in the near future, this card would be a perfect fit.
#Chase freedom categories 2021 free#
Not only will you be earning double cash back the first year but all of the purchases you make can be made interest free for 14 months. That’s an unparalleled amount of savings on a credit card.Īlso included for new card members is a 0% intro APR on purchases and balance transfers for 14 months. This means that the 5% cash back categories you have year #1 are actually 10% cash back categories. All of the cash back you earn the first year is doubled on your anniversary date. The biggest selling point of the Discover it® Cash Back is in the card name. April – June: Gas Stations, Wholesale Clubs and Streaming Services.January – March: Grocery Stores, Walgreens, CVS.Discover typically offers the same categories each and every year but once in a while, they provide a touch of variation.Ī breakdown of the 5% cash back categories offered by Discover in 2021 are as follows: You can get five percent back on up to $1,500 in purchases made in various categories that change quarterly. It only takes a few seconds to sign up online, but you don’t want to forget. You need to sign up for the 5% categories each quarter in order to be eligible for the increased payout.
These rotating categories are one of the reasons each of these cards made our list of the best cash back credit cards.īut there is a catch. There are two major credit cards that offer 5% cash back: the Discover it Cash Back and Chase Freedom Flex. One of the highest cash back percentage you’ll find anywhere is five percent on select categories that change every three months. This content has not been provided by, reviewed, approved or endorsed by any advertiser, unless otherwise noted below. We may receive compensation from the providers of some products mentioned in this article.
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