Maria Adams, Credit Cards Moderator
@m_adams
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.
Popular 5% Cash Back Credit Cards
- High Rewards Rate: Chase Freedom Flex® Credit CardLearn MoreLearn More
- High Rewards Rate: Chase Freedom Flex® Credit CardLearn MoreLearn Moreon issuer's website
- High Rewards Rate: Chase Freedom Flex® Credit CardLearn MoreLearn More
- Bonus Categories: U.S. Bank Cash+® Visa Signature® CardLearn MoreLearn More
- Rates & Fees Bonus Categories: U.S. Bank Cash+® Visa Signature® CardLearn MoreLearn Moreon issuer's website
- Bonus Categories: U.S. Bank Cash+® Visa Signature® CardLearn MoreLearn More
- Rates & Fees Big-Spenders: Chase Freedom Unlimited®Learn MoreLearn Moreon issuer's website
- Rates & Fees Big-Spenders: Chase Freedom Unlimited®Learn MoreLearn Moreon issuer's website
- Big-Spenders: Chase Freedom Unlimited®Learn MoreLearn More
- Monthly Spending Category: Citi Custom Cash® CardLearn MoreLearn More
- Monthly Spending Category: Citi Custom Cash® CardLearn MoreLearn Moreon issuer's website
- Monthly Spending Category: Citi Custom Cash® CardLearn MoreLearn More
- High Rewards Rate:
- Bonus Categories:
- Big-Spenders:
- Monthly Spending Category:
These cards give 5% cash back on certain purchases, along with $0 annual fees, initial bonus offers, or 0% APR promotions. Whichever card you choose, be sure to pay the balance in full each month. Otherwise, you’ll risk interest charges wiping out your hard-earned cash back rewards.
Ultimately, you might want to check out our editors’ latest picks for the best 5% cash back credit cards on the market to weigh your options.
Popular 5% Cash Back Credit Cards
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5% on Travel
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Over 5% on Groceries
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5% on a Custom Category
People also ask
What are the best unlimited cash back credit cards?
The best unlimited cash back credit card is the Wells Fargo Active Cash® Card because it gives 2% cash rewards on purchases, with no spending limit and no earning cap. New cardholders can also earn $200 cash rewards after spending $500 on purchases in the first 3 months.
In addition, Wells Fargo Active Cash® Card offers an introductory APR of 0% for 12 months from account opening on qualifying balance transfers, followed by a regular APR of 18.74%, 24.74%, or 28.74% Variable. The card has a $0 annual fee, too.
Best Unlimited Cash Back Credit Cards
What You Should Know About Cash Back Credit Cards
- How...
What is the difference between cash back and points?
The difference between cash back and points is that the former is the most versatile type of credit card rewards, as it can be redeemed for anything, and there’s never any doubt about how much it’s worth. Points, on the other hand, have a value set by the credit card company and tend to be worth the most when redeemed for travel. Credit card companies won’t always clearly disclose points values, and those values can change over...
read full answer by Maria Adams, Credit Cards ModeratorWhat are the pros and cons of cash back credit cards?
The biggest pros of cash back credit cards are savings on every purchase, $0 annual fees, 0% introductory APR offers, generous sign-up bonuses, and protection against rewards devaluation. The biggest cons of cash back credit cards are lower earning rates versus travel rewards cards and high regular APRs.
Beyond that, the overall advantages and disadvantages of using credit cards apply to cash back credit cards, too. The advantages include convenience and credit-building on the positive side, with the risks of...
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