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Among cash back credit cards, the highest rewards rate you’re likely to find is usually 5%.
But unlike 2% flat cash back cards that offer rewards on every purchase or cash back cards with 3% rewards in standard bonus categories, 5% cash back cards can require a bit more strategy to maximize. A cash back rate that high is often found on cards with rotating bonus categories, strict maximum spending thresholds, or cards associated with a single retailer.
Still, 5% cash back cards can offer great savings on your regular spending. When it comes to choosing a cash back card, the most important thing is to look for a card with bonus categories where you spend most, which can help you earn money back on purchases already in your budget.
Cash back cards with 5% rewards are a great option to do just that. Here are the best credit cards available today you can use to earn 5% (or more) on everyday purchases, and some tips for maximizing your cash back.
Best Cards Offering 5% Cash Back or More
Chase Freedom Flex℠
Chase Freedom Flex℠ Editor’s Score: (4.7/5)
Editor’s Score: (4.7/5)
Last updated December 17, 2021
All reviews are prepared by NextAdvisor staff. Opinions expressed therein are solely those of the reviewer. The information, including card rates and fees, presented in the …….