Thread: 5% cash back credit cards

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.

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.

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.