Credit Card Cash Back Calculator: Calculate 5% Cash Back

Cash back calculator for calculating 5% cash back earned with rewards credit cards based on your spend. Compare top cash back cards side by side.

When a rewards program or credit card is offering 5% cash back, it means that for every $1 you spend you will earn 5 cents ($0.05) in the form of cash back. You can calculate 5% cash back multiplying 0.05 by the amount you plan on spending. So if you spend $1,000, it would be $1,000 x 0.05 which equals $50. There are not any cards that earn 5% cash back on all purchases, but there are several cards that feature quarterly rotating 5% cash back categories. There are also some cards that earn 5% cash back or more in certain categories.

5% Cash Back Calculator

Enter the total cost of the purchase.
$
Cost
Total Cash Back: $50.00

5% Quarterly Rotating Category Cards

There are three available credit cards that feature 5% cash back categories that rotate on a quarterly basis. Those cards are the Chase Freedom Flex℠, Discover it® Cash Back, and U.S. Bank Cash+™ Visa Signature® Card.

Personally, I recommend having at least two of these if not three if you can obtain them all. Cash back earned on these cards are capped at $1,500 or $2,000 in combined spend between rotating categories each quarter and once that cap is hit, you'll earn 1% back for the remainder of the quarter. Having more of than one of these cards gives you the ability to maximize your rewards when a meaningful 5% cash back category is presented to you. The best part is that all of these cards have no annual fee, so there's no real downside to having all of them.

Chase Freedom Flexâ„ 
Rewards Rate
5%
Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate.
5%
Earn 5% on travel purchased through Chase.
3%
Earn 3% on dining at restaurants and drugstores.
1%
Earn 1% on all other purchases.
Intro Bonus
Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.
Annual Fee
$0
Authorized User Fee
$0
Foreign Transaction Fee
3%
Main Card Highlights
  • Enjoy new 5% categories each quarter!
  • No minimum to redeem for cash back. Cash Back rewards do not expire as long as your account is open.
  • 0% Intro APR for 15 months from account opening on purchases, then a variable APR of 14.99 - 23.74%.
  • No annual fee.
discover 2021
Cards like the Discover IT (Cash) Card has rotating categories in which you can earn 5% cash back across different categories every quarter.

Categories With 5%+ Cash Back

There are a good handful of credit cards that offer 5% cash back or more in specific categories. Which cards are best will depend on how much you spend. You can check out our Best Credit Cards page to search for the best cards based on category such as gas, grocery, and more to find out which cards give you the best return.

Some of the most popular cash back credit cards with high earning rates are listed below.

Blue Cash Preferred® Card from American Express
Rewards Rate
6%
6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%).
6%
6% Cash Back on select U.S. streaming subscriptions.
3%
3% Cash Back on transit including taxis/rideshare, parking, tolls, trains, buses and more.
3%
3% Cash Back at U.S. gas stations
1%
1% Cash Back on other purchases
Intro Bonus
Earn 20% back on Amazon.com purchases on the Card within the first 6 months of Card Membership, up to $200 back. Plus, earn $150 back after you spend $3,000 in purchases on the Card within the first 6 months of Card Membership. You will receive cash back in the form of statement credits.
Annual Fee
$0 the first year, then $95
Authorized User Fee
$0
Foreign Transaction Fee
2.7%
Main Card Highlights
  • Earn 20% back on Amazon.com purchases on the Card within the first 6 months of Card Membership, up to $200 back.
  • Plus, earn $150 back after you spend $3,000 in purchases on the Card within the first 6 months of Card Membership. You will receive cash back in the form of statement credits.
  • $0 intro annual fee for the first year, then $95.
  • 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%).
  • 6% Cash Back on select U.S. streaming subscriptions.
  • 3% Cash Back at U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more).
  • 1% Cash Back on other purchases.
  • Low intro APR: 0% for 12 months on purchases from the date of account opening, then a variable rate, 13.99% to 23.99%
  • Plan It® gives the option to select purchases of $100 or more to split up into monthly payments with a fixed fee.
  • Cash Back is received in the form of Reward Dollars that can be redeemed as a statement credit.
  • Terms Apply.
Chase Freedom Unlimited®
Rewards Rate
5%
Earn 5% on travel purchased through Chase.
3%
Earn 3% on dining at restaurants and drugstores
1.5%
Earn unlimited 1.5% cash back on all other purchases.
Intro Bonus
Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.
Annual Fee
$0
Authorized User Fee
$0
Foreign Transaction Fee
3%
Main Card Highlights
  • No minimum to redeem for cash back. Cash Back rewards do not expire as long as your account is open
  • 0% Intro APR for 15 months from account opening on purchases, then a variable APR of 14.99 - 23.74%.
  • No annual fee
Sam’s Club® Mastercard®
Rewards Rate
5%
5% cash back on gas anywhere (up to $6,000)
5%
Plus members earn 3% back on eligible purchases when shopping in-club or digitally through Sam’s Club when they use their Sam’s Club® Mastercard® and another 2% back from their Plus membership, for a total of up to 5% rewards on eligible purchases.
3%
3% cash back on dining and takeout
1%
1% cash back on all other eligible purchases.
Intro Bonus
Get a $30 statement credit when you open a new account and make $30 in Sam’s Club purchases within 30 days.
Annual Fee
$0
Authorized User Fee
$0
Foreign Transaction Fee
0%
Main Card Highlights
  • Sam’s Club cardholders can easily make purchases, track spending, check and pay balances, and securely manage and freeze accounts via the Sam’s Club mobile app enabled by the Synchrony plug-in (‘SyPi’).
  • Rewards are automatically loaded onto membership cards and can be used for future purchases made both online and in-club, or exchanged for cash back.
  • Contact-free technology, including the integration of payments capabilities into Sam’s Scan & Go patented solution, both in-club and at the pump.
  • Plus members earn 3% back on eligible purchases when shopping in-club or digitally through Sam’s Club when they use their Sam’s Club® Mastercard® and another 2% back from their Plus membership, for a total of up to 5% rewards on eligible purchases.

Best Cards By Spend Calculator

If you're on the hunt for a cash back credit card, you can use the Best Cards By Spend Calculator to get a list of the best cash back credit cards based on the spend you enter. Results will be sorted by net return which is the average value of the rewards earned, plus annual credits, and minus annual fees.

Results will consist of top-rated cash back credit cards. Due to how quarterly rotating category credit cards work, they will not appear in the results (I recommend picking up one or two of those anyway). Business credit cards will also not appear in this list. If you're looking for business cards, you can jump to our Business Credit Card Hub.

Add Categories
Search for categories and click 'Add Category' to add it to the calculator. If you want to be more specific, you can specify domestic or international spend.
Loading Categories...
Currently Selected:

Category Spend

Enter your spend per month, year, or quarter for the listed categories. You can then click Get The Best Cards to get the list of results.
Loading...

Spend Duration

You can set the duration of the spend for the categories listed above. If you're looking for the best card for only n-months worth of spend, this is where you change the option. If you want to calculate based on a full year of spending, you can leave it set to a duration of '1 Year'.

Adjust Transferable Points

Some rewards programs allow you to transfer your earned points to airline, hotel, and other loyalty programs. These programs will generally have higher point values when doing such. Since these matter so much when choosing a credit card, you can enter your own point value for these programs to include in the calculations. You can set any of the currencies listed below to 0 to calculate based on the non-transfer value (in which most are 1 cent per point with the exception of Chase's 1.25/1.5 cent redemptions). The values I have listed are what I think is the easiest value to get out of your points when transferring to partners. You can click on the to learn more about the value of the currency (opens in a new tab/window).
Depending on what you're calculating, all programs listed below may not be featured in the results.

Results

Note: Results may take a few seconds to generate after doing a search. The results and values listed are estimates to help guide you towards making the best decision. They are for illustrative purposes only.
Results Will Appear Here

FAQ

Is there a 5% cash back credit card that earns 5% back on all purchases?

No, but there are credit cards that have 5% cash back quarterly rotating categories and credit cards that earn 5% in certain categories.

Are 5% credit cards with rotating categories worth it?

In my opinion, yes they are. They offer a great return and the cards have no annual fee.

How much cash back can I earn at 5% cash back?

It depends on how much you spend. You can use the 5% Cash Back Calculator on this page to calculate total cash back based on your spend.

How do I know what's the best credit card for my spend?

You can use the Search For Credit Cards By Spend calculator to get a list of the best credit cards based on your spend across categories.

Updated 2021-04-02 By Robert Flowers III

Support The Site

If you find the site helpful, the best you can do is share this site with friends and family. Of course... you can share it with total strangers as well. Anything helps!

You can help support this site by using our Amazon link. Any qualifying purchase you make through our link will earn us some money and it is greatly appreciated if you do.

🇺🇸 US • 🇨🇦 CA • 🇬🇧 UK • 🇦🇺 AU