What will be the next Discover 5% cashback categories (Q3 2024)?
16
310
1.6K
Jun 1
71%
Grocery Stores
33%
Wholesale Clubs
28%
PayPal
24%
Fitness Club & Gym Memberships
24%
Select Streaming Services
19%
Ground Transportation
19%
Target
19%
Walmart.com
16%
Digital Wallets
12%
Home Improvement Stores
9%
Drug Stores
9%
Amazon.com
8%
The Home Depot
8%
Public Transit
7%
Uber
7%
Restaurants
7%
Gas Stations & Electric Vehicle Charging Stations
6%
Lyft

Discover runs quarterly 5% cash back on certain categories every quarter. Last year, they switched to announcing the categories one quarter at a time.[1] Naturally, this makes it somewhat interesting to speculate on.

I will also trade in this market.

Resolution Criteria

This market will resolve based on the official announcement of Discover's 5% cash back categories, which can be found on their rewards category page. If the webpage is unavailable, resolution will be based on information from the Discover mobile app or direct contact with a representative.

Each choice represents a single category. The market will resolve to YES for any category that matches the official announcement.

Proposing New Choices

Only I, the market creator, will be able to add new categories. To maintain clarity, please refrain from submitting choices that are minor variations of existing ones (e.g., "drugstore" vs. "drug store").

Previous rewards quarters

2024 – Q2: Gas Stations & Electric Vehicle Charging Stations, Home Improvement Stores, Public Transit[2]

2024 – Q1: Restaurants, Drug Stores[2]

2023 – Q4: Target.com, Amazon.com[3]

2023 – Q3: Gas Stations, Digital Wallets[3]

2023 – Q2: Restaurants, Wholesale Clubs[3]

2023 – Q1: Grocery Stores, Drug Stores, Select Streaming Services[3]

2022 – Q4: Amazon.com, Digital Wallets[4]

2022 – Q3: Restaurants, PayPal[4]

2022 – Q2: Gas Stations, Target[4]

2022 – Q1: Grocery Stores, Fitness Club & Gym Memberships[4]

2021 – Q4: Amazon.com, Walmart.com, Target.com[5]

2021 – Q3: Restaurants, PayPal[5]

2021 – Q2: Gas Stations, Wholesale Clubs, Select Streaming Services[5]

2021 – Q1: Grocery Stores, Walgreens, CVS[5]

2020 – Q4: Amazon.com, Walmart.com, Target.com[5]

2020 – Q3: Restaurants, PayPal[5]

2020 – Q2: Gas Stations, Uber, Lyft, Wholesale Clubs; The Home Depot (June only)[5]

2020 – Q1: Grocery Stores, Walgreens, CVS[5]

2019 – Q4: Amazon.com[5]

2019 – Q3: Restaurants[5]

2019 – Q2: Gas Stations, Uber, Lyft[5]

2019 – Q1: Grocery Stores[5]

2018 – Q4: Amazon.com, Wholesale Clubs[5]

2018 – Q3: Restaurants[5]

2018 – Q2: Grocery Stores[5]

2018 – Q1: Gas Stations, Wholesale Clubs[5]

2017 – Q4: Amazon.com, Target.com[5]

2017 – Q3: Restaurants[5]

2017 – Q2: Home Improvement Stores, Wholesale Clubs[5]

2017 – Q1: Gas Stations, Ground Transportation, Wholesale Clubs[5]

Sources

[1] https://old.reddit.com/r/CreditCards/comments/yp8l10/update_on_discover_2023_categories/

[2] https://www.discover.com/credit-cards/student-credit-card/it-card.html#calender-link

[3] https://www.creditkarma.com/credit-cards/i/discover-cash-back-category-groceries

[4] https://web.archive.org/web/20221115023450/https://www.discover.com/credit-cards/student-credit-card/it-card.html

[5] https://thepointsguy.com/news/discover-cash-back-quarterly-categories/

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lol! I don’t have a horse in this race but the question is great

To get some data out there for traders, here is the seasonality of each category by quarter.

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