Unless you don’t care about reducing your expenses while maintaining your lifestyle, cash back credit cards are a goldmine. Imagine getting at least 5% back of all your purchase made through your credit card!
Although there are many credit cards in the US offering cash back, most of them only offer at most 2% of all purchases. So, I went digging and found 6 credit cards that offer at least 5% cashback. These cards are;
Chase Freedom Flex℠
Cash Back: 5% on rotating quarterly categories (up to $1,500 per quarter).
Additional Benefits: 5% on travel booked through Chase Ultimate Rewards, 3% at restaurants and drugstores.
Annual Fee: $0.
New Cardmember Offer: Earn a $200 bonus after spending $500 on purchases in the first 3 months.
Interest APR: 0% intro APR for 15 months on purchases and balance transfers, then a variable APR of 20.49% to 29.24%.
Required Credit Score: 670 or higher.
The Chase Freedom Flex℠ offers 5% cash back on rotating quarterly categories, 5% on travel purchased through Chase Ultimate Rewards, 3% at restaurants and drugstores, and 1% on all other purchases. It also includes valuable perks like cell phone protection, extended warranty, and various travel and purchase protections
Discover it® Cash Back
Cash Back: 5% on rotating quarterly categories (up to $1,500 per quarter).
Additional Benefits: Cashback match for all cash back earned in the first year.
Annual Fee: $0.
New Cardmember Offer: Cashback match for all cash back earned in the first year.
Interest APR: 0% intro APR for 15 months on purchases and balance transfers, then a variable APR of 17.24% to 28.24%.
Required Credit Score: 670 or higher.
This card offers 5% cash back on rotating quarterly categories up to the quarterly maximum each time you activate. It also features unlimited 1% cash back on all other purchases and an attractive first-year cashback match.
Citi Custom Cash℠ Card
Cash Back: 5% on your top eligible spend category each billing cycle (up to $500 spent per month).
Additional Benefits: 1% on all other purchases.
Annual Fee: $0.
New Cardmember Offer: $200 cash back after spending $1,500 in the first 6 months.
Interest APR: 0% intro APR for 15 months on purchases and balance transfers, then a variable APR of 18.24% to 28.24%.
Required Credit Score: 670 or higher.
This card offers 5% cash back on your highest eligible spend category each billing cycle, up to $500 spent per month. It is designed for flexibility, making it ideal for targeted spending without the hassle of rotating categories.
U.S. Bank Cash+® Visa Signature® Card
Cash Back: 5% on two categories of your choice (up to $2,000 in combined purchases per quarter).
Additional Benefits: 2% on one everyday category of your choice.
Annual Fee: $0.
New Cardmember Offer: $200 bonus after spending $1,000 in eligible purchases within the first 120 days.
Interest APR: 0% intro APR for 15 months on purchases and balance transfers, then a variable APR of 18.24% to 28.24%.
Required Credit Score: 670 or higher.
This card lets you choose two 5% cash back categories and one 2% category, with 1% cash back on all other purchases. It allows customization each quarter to maximize rewards based on your spending habits.
Blue Cash Preferred® Card from American Express
Cash Back: 6% at U.S. supermarkets (up to $6,000 per year), 6% on select U.S. streaming services, 3% at U.S. gas stations and on transit.
Annual Fee: $0 for the first year, then $95
New Cardmember Offer: $250 statement credit after spending $3,000 in purchases in the first 6 months.
Interest APR: 0% intro APR for 12 months on purchases and balance transfers, then a variable APR of 19.24% to 29.99%.
Required Credit Score: 670 or higher.
This card offers 6% cash back at U.S. supermarkets (up to $6,000 per year), 6% on select U.S. streaming services, 3% at U.S. gas stations and on transit, and 1% on other purchases. It’s particularly beneficial for families with significant grocery and streaming service expenses.
Amazon Prime Rewards Visa Signature Card
Cash Back: 5% on Amazon.com and Whole Foods Market purchases.
Additional Benefits: 2% at restaurants, gas stations, and drugstores.
Annual Fee: $0 (requires Amazon Prime membership).
New Cardmember Offer: $100 Amazon gift card upon approval.
Interest APR: 18.24% to 28.24% variable APR.
Required Credit Score: 670 or higher.
Ideal for frequent Amazon shoppers, this card offers 5% cash back at Amazon.com and Whole Foods Market, 2% at restaurants, gas stations, and drugstores, and 1% on all other purchases. It also comes with no annual fee but requires an Amazon Prime membership.
Bottom Line
Selecting the right credit card can significantly enhance your savings and reward earnings. Each of these cards offers unique advantages tailored to different spending habits and needs.
Whether you prefer rotating categories, targeted spending, or maximizing cash back on everyday purchases, one of these cards can help you get the most out of your spending.
By understanding each card’s benefits, new cardmember offers, interest APRs, and required credit scores, you can make an informed decision that aligns with your financial goals.
