And the Discover bonus is limited to $75 in cash back per quarter at the 5% rate (at least on the card I have), which means you could probably do it once or twi

And the Discover bonus is limited to $75 in cash back per quarter at the 5% rate (at least on the card I have), which means you could probably do it once or twice before you’re back to earning 1%. And if you’re in the first year you’d need to wait until the card’s first birthday to get the other half, so you’d lose money until then.