5% cash back credit cards - Credit Card Forum

fffresh · 10-02-2008, 12:13 PM

There 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?

CreditCardGuru · 10-02-2008, 01:52 PM

Unfortunately there are very few credit cards left on the market today which still offer 5%.

1. Discover Open Road Card offers 5% cashback on gas and auto maintenance.

2. American Express Blue Cash offers 5% cashback at gas stations, grocery stores, and drugstores.

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.

Mogul of Pineapples · 10-03-2008, 11:45 AM

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.

Multi-Purpose · 11-25-2008, 10:50 AM

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.

10-02-2008, 12:13 PM	#1
fffresh Centurion Member Join Date: Apr 2008 Location: the edge of the world Posts: 227	5% cash back credit cards There 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?

10-02-2008, 01:52 PM	#2
CreditCardGuru Moderator Join Date: Mar 2008 Location: Huntington Beach, CA Posts: 49	Credit Cards With 5% Cashback Unfortunately there are very few credit cards left on the market today which still offer 5%. 1. Discover Open Road Card offers 5% cashback on gas and auto maintenance. 2. American Express Blue Cash offers 5% cashback at gas stations, grocery stores, and drugstores. 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.

10-03-2008, 11:45 AM	#3
Mogul of Pineapples Centurion Member Join Date: Jun 2008 Location: Where the smog from the 101 freeway coats my home's windows... Posts: 279	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. __________________ “It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.” -Warren Buffett Current Cards: American Express: Blue Cash, Simply Cash Bank of America: Visa Financial Rewards Platinum Plus Chase: Rewards Visa, Amazon Visa Discover: More Current Everyday Card: American Express Blue Cash

11-25-2008, 10:50 AM	#4
Multi-Purpose Platinum Member Join Date: Apr 2008 Location: Somewhere in So Cal Posts: 76	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. __________________ Change will not come if we wait for some other person or some other time. We are the ones we've been waiting for. We are the change that we seek. -Barack Obama

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