Discover just added Best Buy to its 5% cash-back calendar, and it's perfect timing for Black Friday shoppers

This article is brought to you by the Personal Finance Insider team. It has not been reviewed, approved, or otherwise endorsed by any of the issuers listed. Some of the offers you see on the page are from our partners like Citi and American Express, but our coverage is always independent. Terms apply to the offers listed on this page.

  • The Discover it® Cash Back and Discover Discover it® Student Cash Back offer 5% cash back in categories that rotate each quarter, on up to $1,500 in combined spending when you activate the bonus.
  • Discover has just announced a surprise addition to its fourth-quarter categories. Until December 31, cardholders will earn 5% cash back at Best Buy — just in time for Black Friday.
  • This is in addition to the existing categories for Q4: Amazon, Target.com, and Walmart.com, which are also popular merchants for holiday shopping. 
  • It's easy to activate online through your Discover account, and you'll earn the bonus on purchases made from the time you activate through the end of the quarter.
  • Read Business Insider's guide to the best credit cards for holiday shopping.

This page includes information about the Discover it® Miles, Discover it® Secured, Discover it® Cash Back, Discover it® Student Cash Back, and Discover it® Business Credit Card products, which are currently not available on Business Insider and may be out of date.

Discover just announced a surprise addition to its quarterly 5% cash back calendar, and it's perfect timing if you're on the hunt for electronics deals this Black Friday and Cyber Monday.

Until December 31, Discover it® Cash Back and Discover it® Student Cash Back cardholders who activate the bonus can earn 5% cash back at Best Buy, on up to $1,500 in combined spending with previously announced categories for the fourth quarter (Amazon, Target.com, and Walmart.com).

Earn 5% cash back on Best Buy holiday shopping with Discover it

Best Buy is a favorite of Black Friday bargain hunters looking for discounts on electronics gifts, so its addition to the Discover cash-back calendar gives consumers another opportunity to save cash this holiday shopping season.

If you're already activated the Discover 5% bonus categories for Q4, there's nothing else you have to do — the bonus has been added automatically. For those who haven't, it's simple to activate through your Discover online account, and you'll earn the bonus from the day you enroll until the end of December.

Between this quarter's bonus categories of Best Buy, Amazon, Target.com, and Walmart.com, it should be easy for most shoppers to maximize their 5% cash-back earnings. If you reach the $1,500 combined spending limit (after which you'll earn 1% back, like all other purchases), you'll earn $75 in bonus rewards — not bad for shopping you'd probably do anyway.

Those who've already hit the spending threshold this quarter have a brand-new set of 5% cash-back categories to look forward to in the new year. From January to March 2021, Discover it cardholders can earn 5% cash back on up to $1,500 in combined spending (then 1%) at grocery stores, Walgreens, and CVS when they activate their card.

The Discover it® Cash Back and Discover it® Student Cash Back are among a handful of cards that offer bonus rewards in categories that rotate each quarter. Another popular card for holiday shoppers, the Chase Freedom Flex℠, currently earns 5% cash back (5 Chase Ultimate Rewards points per dollar) on up to $1,500 in combined spending at Walmart and PayPal (then 1%) through December 31 when you activate the bonus. 

Jasmin Baron is an associate editor at Personal Finance Insider, where she helps readers maximize rewards and find the best credit cards to fit their lifestyles. Before joining Business Insider, she was a senior editor at The Points Guy and Million Mile Secrets, covering credit cards, loyalty programs, and all things travel.

Citi Citi® / AAdvantage® Platinum Select® World Elite™ Mastercard®Chase Marriott Bonvoy Boundless™ Credit CardChase Chase Freedom Unlimited®

Source: Read Full Article