Good morning everyone. August 15 marks the midway point of Q3 (July 1 to September 30), so I wanted to do a quick check to see how I was doing in regards to my Q3 restaurant spending on my Discover It Credit Card. This quarter, the Discover It Credit Card is paying 5% cash back on all restaurant purchases, up to $1,500 in spend. If you max out Q3, you will earn $75 cash back ($1,500 x 5% = $75).
After you complete the $1,500 restaurant spend this quarter, all future restaurant spend only earns 1% cash back this quarter. I don’t want to do that, since I would rather put the extra restaurant spend on my Chase Sapphire Reserve Credit Card and earn 3x Chase Ultimate Rewards Points per dollar at restaurants. Some people value Chase Ultimate Rewards Points at more than 1.5 cents per point, but I tend to redeem them for airfare at 1.5 cents per point, so 3x Chase Ultimate Rewards = 4.5% cash back vs. Discover It’s 5% cash back (plus, I tend to redeem my Discover cash back for discounted gift cards through the Discover Deals portal). Anyway, let’s get back on track and talk about calculating Q3 restaurant spend on the Discover It Credit Card.
After logging into your Discover online account, click the Activity & Payments drop down menu and click the Search Transactions link.
By Grant