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About LinkBacksThere were a number of issuers for 5% cashback credit cards five or so years ago but the major issuers discontinued. In fact at their peak I had received an offer from Citi regarding my Dividend Platinum Select card; for $10 per month they would double my 5% cash back categories of gas, groceries, and drugstores to be 10%.
Shortly thereafter they ended their 5% card all together and as others have mentioned on this forum Chase discontinued theirs a few months later.
Certainly their must be more credit cards with 5% cashback than the two which I know of: Discover Open Road, American Express Blue Cash.
What other issuers, if any, have utilized 5% rewards on their cards?
Thread: 5% cash back credit cards
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5% cash back credit cards
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Credit Cards With 5% Cashback
Unfortunately there are very few credit cards left on the market today which still offer 5%.
1. American Express Blue Cash offers 5% cashback at gas stations, grocery stores, and drugstores.
2. Discover More card offers 5% back on wide variety of categories which rotate quarterly.
3. Pentagon Federal Credit Union offers 5% cash back at gas stations and 2% cash back at grocery stores. However in order to qualify you must be a member of this credit union. In order to become a member you must be an employee of the U.S. military.
Please note that CreditCardForum has financial ties to Amex and Discover since we advertise their credit cards.Last edited by CreditCardGuru; Jan 14, 09 at 4:50 pm.
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As of right now I would have to say the Blue Cash is the best card for 5%. That Penfed credit card you mentioned use to give 5% on groceries too but I see they now chopped that down to only 2%.
There's no many 5% rebate credit cards left today. The only reason American Express and Discover can afford to continue them is most likely because since they also receive 100% of the transaction fees. I don't think that would work with issuers like Chase, Capital One, HSBC, etc. since those cards are all Visa and Mastercard - and they get most of the transaction fees, not the issuer of the card.Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed. Regardless, anything I say is my honest opinion.
Current Cards: American Express: Blue Cash, Simply Cash Bank of America: WorldPoints Platinum Plus Chase: Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi: Thank You Premier, Dividend Platinum Select Discover: More
Primary Everyday Card: American Express Blue Cash
Primary Travel Card: Citi Thank You Premier
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Credit cards with 5% cash back have become a rare find these days! Most of them have been scaled back to only 2% or 3% for gas, groceries, drugstores.
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