Here’s a strategy you can use to get $1,000 off a Disney vacation using the best cash back credit card. The Discover it Cash Card has no annual fee and earns up to 10% cash back on purchases. Here’s how it works:
Discover it Cash Card
The Discover it Cash Card (Full Review Here), gives you 5% cash back in rotating quarterly categories up to $1,500 spent. You get 1% on money spent in other areas or if you go over the bonus category cap. But, if you’re a new card member, Discover doubles all your cash back at the end of the first year. So, 5% cash back turns into 10% cash back (half up front, half at the end of the year).
Plus, the 1% on other purchases turns into 2%. That’s as good as you’ll find on a cash back card with no annual fee.
Here’s an example of how you could use this card to earn $1,000 cash back in the first year.:
- Apply for the Discover it Card. You get a $50 statement credit with your first purchase when you use our application link.
- Activate the 5% quarterly bonus categories at the beginning of each quarter and use the card to purchase items in those categories up to $1,500. Over the course of one year, maxing out these category bonuses and having the cash doubled at the end of the first year, you’ll earn $600 cash back. (4 quarters x $1,500 x 10% = $600)
- Use the card for all your other daily purchases. Your 1% cash back will get matched, earning you 2% cash back total. If you spend $17,500 over your first year, that’s another $350 cash back.
Why Should You Do It?
To earn $1,000 toward a Disney vacation with the Disney Premier credit card, you’d have to spend a minimum of $50,000! You can achieve the same $1,000 with the Discover it Cash for your vacation by spending less than half as much.
Since you’re getting cash, you can use it any way you need to for your vacation: food, park tickets, vacation package, flights, etc. Depending on how large your family is and how you like to vacation, this could cut the cost of your trip in half potentially.
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