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#1 |
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Centurion Member
![]() Join Date: Apr 2008
Location: the edge of the world
Posts: 227
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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? |
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#2 |
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Moderator
![]() Join Date: Mar 2008
Location: Huntington Beach, CA
Posts: 49
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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. |
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#3 |
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Centurion Member
![]() Join Date: Jun 2008
Location: Where the smog from the 101 freeway coats my home's windows...
Posts: 279
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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.
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“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 |
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#4 |
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Platinum Member
![]() Join Date: Apr 2008
Location: Somewhere in So Cal
Posts: 76
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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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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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