5% Cash Back Credit Cards: Rotating Categories Update 2016

Activation for 4rd quarter is now open! Do it now before you forget.

The credit cards below offer a hefty 5% cash back on certain categories that rotate each quarter. It takes a little extra attention, but I also rack up over a hundred dollars in additional rewards per year without changing my spending habits. None of these have an annual fee, so it costs me nothing to keep them all around. New cardmembers may also get an initial sign-up bonus.

Side tip: You can load up on gift cards to get the 5% back now but spend the gift cards later.

Chase Freedom VisaChase Freedom® – $150 Bonus 

From October 1st through December 31st, 2016 you can earn 5% cash back on up to $1,500 spent in the following categories:

  • Wholesale Clubs including Costco, BJ’s, and Sam’s Club
  • Department Stores including but not limited to JCPenney, Kohl’s, Macy’s, Nordstrom and Nordstrom Rack, Sears
  • Drug stores including Walgreens, CVS, Duane Read, and Rite Aid

freedomq4_2016

Enroll each quarter at ChaseBonus.com. As long as you activate by the end of the quarter the rewards are retroactive. All other purchases earn 1% back, with no tiers or expiration of rewards. Currently, the Chase Freedom® card is offering $150 bonus cash back if you sign up and make just $500 in purchases in your first three months and a $25 Bonus after you add your first authorized user and make a purchase within this same 3-month period. No annual fee.

Discover it 14 ImageDiscover it® Card

From October 1st through December 31st, 2016 you can earn 5% cash back on up to $1,500 spent in the following categories:

  • Amazon.com
  • Sam’s Club
  • Department Stores

discoverq4_2016

Enroll after logging into your online account (look on the right-hand side). 5% rewards won’t apply until after you activate your rewards, so it is best to activate now before you forget. New applicants can get their earned Cash Back doubled at the end of the first year.

Citi Dividend Platinum Select Visa CardCiti® Dividend Platinum Select® Visa® Card (Existing cardholders only) From July 1st through September 30th, 2016 you can earn 5% cash back on up to $1,500 spent in the following categories: (calendar):

  • Best Buy
  • Department Stores

This a grandfathered card that is no longer available to new applicants. Log into your online account or call 1-800-231-0891 to activate the rewards each quarter (starts upon activation, not retroactive). The total cash back limit is $300 earned per calendar year.

U.S. Bank Cash+ Visa Signature Card. What makes this card unique is that you get to choose the two 5% cash back categories every quarter, out of a preset selection of niche categories like “Fast Food” or “Sporting Goods Stores”. You also get to choose a single 2% cash back category from a preset selection of broader categories like “Gas Stations” or “Grocery Stores”. 1% cash back on everything else. No limit on total cash back earned.

As you’ll see below, getting 2% is not that special, so this card is best if you spend significantly in the available niche categories. Also, you must remember to choose your categories each quarter! If you do not choose your categories, all purchases revert to only earning 1% cash back for that quarter.

Finally, get a better “Everything Else” card! Don’t settle for the “1% on everything else” that these cards offer. The following cards currently have the ability to offer cash back rewards as high as 2% or even greater. Please read my card-specific reviews for details.

“Disclaimer: This content is not provided or commissioned by the issuer. Opinions expressed here are author’s alone, not those of the issuer, and have not been reviewed, approved or otherwise endorsed by the issuer. This site may be compensated through the issuer’s Affiliate Program.”  

“The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.”


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5% Cash Back Credit Cards: Rotating Categories Update 2016 from My Money Blog.


© MyMoneyBlog.com, 2016.


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