5% Cash Back Credit Cards

One of the highest cash back percentage you’ll find anywhere is five percent on select categories that change every three months. There are two major credit cards that offer 5% cash back: the Discover it® Card and the Chase Freedom Visa. These rotating categories are one of the reasons each of these cards made our list of the best cash back credit cards.

6% Cash Back: There is one card that offers 6% cash back on up to $6,000 in groceries each year. It’s the Blue Cash Preferred Card from American Express.

But there is a catch. You need to sign up for the 5% categories each quarter in order to be eligible for the increased payout. It only takes a few seconds to sign up online, but you don’t want to forget. With the start of a new quarter upon us, here are the current categories for July, August and September:

Discover it® 5% Categories


You can get five percent back on up to $1,500 in purchases made in various categories that change quarterly. For July through September 2016, the 5% cashback bonus applies to home improvement stores and Amazon.com.

Learn more about the Discover it® card here.

Chase Freedom 5% Categories


For 2016, you can earn bonus cash back on up to $1,500 spent each quarter on the following categories:


  • Gas Stations
  • Ground transportation


  • Grocery stores
  • Wholesale clubs


  • Restaurants
  • Wholesale clubs


  • Department stores
  • Wholesale clubs
  • Drug stores

As with the Discover card, you can earn this increased bonus on up to $1,500 in purchases.

As an added bonus, Chase has extended the 5% cash back on wholesale clubs through the end of 2016. According to Chase spokesperson Rob Tacey:

With the Costco credit card acceptance changing to Visa on June 20, including those issued by Chase, Chase Freedom is announcing that it will continue to offer the 5% cash back category of Wholesale Clubs through the end of the year. Chase Freedom cardholders earn 5% cash back each quarter on up to $1,500 in combined purchases from Wholesale Clubs, including Costco®, BJ’s® and Sam’s Club®, and other additional rotating quarterly categories.

Published or Updated: October 4, 2016
About Rob Berger

Rob founded the Dough Roller in 2007. A litigation attorney in the securities industry, he lives in Northern Virginia with his wife, their two teenagers, and the family mascot, a shih tzu named Sophie.


  1. John says:

    Now we’ll just have to see if Online Gap, Banana Republic, Old Navy, Gap Outlet and Banana Republic Factory Store count!

    • Rob Berger says:

      Good question. I assume the factory store does count, but haven’t actually tried it with a 5% card.

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