Discover Card has promoted its 5% Cashback Bonus on “rotating items” for quite some time.
But never knowing what might be eligible for that hefty rebate a few months down the road aggravated more than a few Discover More cardholders.
Now Discover is publishing a calendar of future offers on the Web page where you must sign-up in advance to qualify for each bonus.
Here’s where and when you can earn the 5% rebate during the first nine months of 2010:
January through March: Airlines, hotels, rental cars and cruises.
March: Grocery and drug stores.
April through June: Home improvement, department and clothing stores.
July through September: Gas stations, hotels, movie theaters and movie rentals.
Unfortunately, a significant restriction remains: Cardholders can only earn the 5% bonus on a limited amount of qualifying purchases.
For the current offer of grocery stores, restaurants and movie theaters, the spending limit is $400. For the travel rebate it will be $800.
Cardholders will also continue to earn a 0.25% rebate on all non-bonus purchases until they’ve charged $3,000 each year. Then the non-bonus rebate jumps up to 1%.
Rebates are redeemable in $20 increments for gift cards you can use to shop Discover’s online stores, for Discover Gift Cards or for charitable donations.
Once you’ve accumulated $50 worth of rebates you can have the money direct deposited into your bank account or credited to your Discover Card bill.