We’re three-fourths of the way through 2017, which means it’s time to update your quarterly bonus categories for your cash back credit cards. The Discover it® Cash Back, and Citi® Dividend are each offering 5% cash back at select stores right now.
If you have a cash back rewards card with quarterly bonus categories, don’t forget to activate them through the online portal. If you aren’t a cardholder, you can sign up for one of these cash back cards to earn 5% cash back in bonus categories and start earning a lucrative signup bonus.
Here’s what you can earn in Q4 of 2017:
1. Discover it® Cash Back
- Earn 5% cash back at different places each quarter like grocery stores, restaurants, gas stations, select rideshares and online shopping, up to the quarterly maximum when you activate.
- Activate your bonus categories.
- Earn unlimited 1% cash back on all other purchases.
2. Citi® Dividend
- Earn 5% cash back at Best Buy from October through December up to $300 in total cash back per calendar year.
- Activate your bonus category through December 2017.
- Earn 1% cash back on other purchases up to $300 in total cash back per calendar year
- Bonus categories available only for current cardholders.
How does cash back work?
Cash back credit cards allow you to earn points or rewards based on your spending habits. Typically, they’re a percentage of your total purchases. Some of the best cash back credit cards also have bonus categories that allow you to earn even more cash back than the regular rate. Depending on the card, you can redeem your cash back points or rewards for statement credits, airline tickets, hotel rooms, and more.
How else can you earn cash back?
Another way to earn cash back is through credit card signup bonuses. These are extra points and rewards you earn for spending a certain amount of money within a set time frame. For instance, the Chase Sapphire Preferred® Card offers 60,000 points when you spend $4,000 in your first three months as a cardholder — that equals $750 toward travel when you redeem through Chase Ultimate Rewards®. With the Discover it® Cash Back, you could turn $150 into $300 with Cashback Match™. Get a dollar-for-dollar match of all the cash back you’ve earned at the end of your first year, automatically.
If you shop regularly at Walmart, Amazon.com, Target, or Best Buy (or plan on shopping there for the upcoming holidays), you may want to consider activating your bonus category or signing up for a cash back rewards card. As a new user, you can earn a higher cash back rate in the bonus categories and start earning the signup bonus — that’s a win-win!
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