Can someone please explain to me the 5% cash back tracker for Discover? My statement cut about 2 days ago, but it has been showing the same number on the tracker for nearly a week. I never max out the 5% categories, but I think I have hit the cap this quarter. Now that I have other cards giving more than 1%, I don't need to do grocery spending on here once I hit the cap. Grocery is my biggest spend category, so anything I am doing at 1% is money left on the table. I am just not sure how accurate the tracker is or what date the data is from. Any advice you can provide would be amazing!
It takes several days after most recent charges for the tracker to update, and some times even if a transaction posts, the tracker doesn’t update until around midday the next day. Basically I look at the tracker after lunch at work most days. It almost never updates at night. I still end up with some random 1% credited charges as well at places I would consider grocery stores, but it all depends on how the store codes. In your case, you’ve spent over $1300 in 1% spend. IDK if you are in your first year or not, but if not, I’d divert that spend to your Alliant card or something else, because you potentially are leaving $13 on the table. If you are still in cashback match, thats different.
Thanks for your response, JNA1!
I think this number is accurate. I looked through my January and February statements and added up the 5% cash back from both months and came up with a figure within about a dollar of what the tracker says. I made a charge that just posted for groceries, so I'll wait and see if the tracker updates.
I will give Discover props for giving us a tracker and making an effort to keep us apprised of the status of the rewards.
I only recently acquired the Alliant and PayPal cards for 2%, so I won't be using Discover as my daily driver anymore for my non category spend.