Calculate 5% Cash Back - Interactive Calculators

What is 5% cash back?

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.

How do you calculate 5% cash back?

You can calculate 5% cash back multiplying 0.05 by the amount you plan on spending. If you were to spend $1,000, you would calculate 5% back by doing $1,000 x 0.05 which would equal $50.

5% cash back calculator

Use the 5% Cash Back Calculator to calculate 5% cash back based on the value entered.

5% quarterly rotating credit cards

There are two credit cards that feature 5% cash back categories that rotate on a quarterly basis. Those cards are the Chase Freedom Flex℠ and Discover it® card.

Cash back earned on these cards are capped at $1,500 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.

Personally, I recommend having both of these cards since it gives you the ability to maximize your rewards when a meaningful 5% cash back category is presented to you. They also have no annual fee so there's really no downside to having them.

5% cash back credit cards

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.

Here are a few of our favorite credit cards that can earn you 5% cash back or more in a specific category:

• Citi Custom Cash Card - Earn 5% back on your top eligible spend category on up to $500 per month (then 1%). No annual fee.
• Blue Cash Preferred® Card from American Express - Earn 6% cash back on the first $6,000 in annual U.S. supermarket purchases (then 1%). Also earns high returns on gas station, streaming services, and transit.