There are two great no-annual-fee credit cards that offer quarterly bonus categories. When you buy products from stores in those categories during the specified time frame, instead of the usual 1% cash back or 1 point per dollar, you’ll earn 5% or 5x points. Each of these cards offers the bonuses for up to $1500 in purchases each quarter. You’ll need to be sure to activate these category bonuses before mid-September, so why not go ahead and do it now?
First up, the Discover family of cards. My Discover card is the oldest one I own and over the years has transitioned to a Discover More card. But the Discover It card is also eligible to receive the quarterly bonuses. To register for Q3, either log into your account and look on the right side of the screen where you’ll see a link or go straight to the activation page and sign in there. This quarter’s bonus categories are home improvement stores (like Ace, Home Depot, Lowe’s and even specialty stores like Benjamin Moore) and Amazon.com, so you can start your holiday shopping early! (And Amazon is a category for Q4 too!)
Next, the Chase Freedom card offers 5% cash back – or 5x Freedom points, which can be worth more than 1 penny per point – on spending at Restaurants and Wholesale Clubs. That comes just in time for those who use Costco as they now only accept Visa. You can activate your Freedom bonus here.
Quarterly bonuses are a great way to increase the amount of points or cash back you earn – just remember to use these cards beginning on July 1!