Frankie Solomon, WalletHub Analyst
@frankie.solo
The only credit cards that offer 5% cash back on everything are store credit cards, such as the Target Credit Card and the Kohl's Credit Card , which can only be used at affiliated stores. Several general-purpose credit cards that you can use anywhere give 5% cash back on certain types of purchases but not on everything.
Some of the best credit cards for 5% cash back on select purchases are the Chase Freedom Flex, U.S. Bank Cash+, Ink Cash and the Amazon.com credit cards.
Best Credit Cards with 5% Cash Back
Chase Freedom Flex: 5% cash back on the first $1,500 spent per quarter in rotating categories. Unlimited 5% cash back on travel purchased through Chase.
U.S. Bank Cash+: 5% cash back on the first $2,000 in combined purchases in two categories of your choice each quarter.
Ink Cash: 5% cash back on the first $25,000 spent on telecom services and office supplies each year.
USAA® Cashback Rewards Plus American Express® Card: 5% cash back on the first $3,000 per year in combined gas and military-base purchases.
Amazon Credit Card: 5 points per $1 spent on Amazon.com and Whole Foods Market purchases (equivalent to 5% back) for Amazon Prime members.
Walmart Credit Card & Walmart Store Card: 5% cash back on all Walmart.com purchases. 5% cash back on in-store Walmart purchases made with the card through Walmart Pay during the first year.
Target Credit Card: 5% back on all Target purchases.
There are a lot of good 5% cash back credit card offers available, but they’re just not offering 5% for everything. Nonetheless, getting 5% back on some purchases can be extremely lucrative.
Popular 5% Cash Back Credit Cards
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5% on Travel
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5% on a Custom Category
People also ask
How does 5% cash back work on credit cards?
Getting 5% cash back on a credit card means you will earn $5 in cash back rewards for every $100 you spend on qualifying purchases. Having a card with 5% bonus categories that align with your spending habits is a good way to maximize your savings.
How 5% Cash Back Works on Credit Cards
- There are no general-purpose credit cards that give 5% cash back on every purchase. The best flat-rate cash...
Is 5% cash back on a credit card good?
Getting 5% cash back on a credit card is very good. When you earn 5% cash back on a credit card, you're getting around five times more rewards value than you'd get from the average cash back credit card, potentially saving you hundreds of dollars.
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These cards give 5% cash back on certain purchases, along with $0 annual fees, initial bonus offers, or...
read full answer by Maria Adams, Credit Cards ModeratorWhat is 5% cash back?
Five percent cash back is another way of saying that you will earn $5 in rewards for every $100 spent. The best credit card that gives 5% cash back on certain purchases is the Chase Freedom Flex® Credit Card, which offers 5% back on travel through Chase and quarterly bonus categories (up to a cap, which require activation). Overall, the card’s rewards rates range from 1 - 5% cash back, as different types of purchases have different earning rates.
Currently, there aren’t...
read full answer by Adam McCann, Financial WriterDid we answer your question?
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