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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. If you were to spend $1,000, you would calculate 5% back by doing $1,000 x 0.05 which would equal $50.
Use the 5% Cash Back Calculator to calculate 5% cash back based on the value entered.
| Total Cash Back: | $5.00 |
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See Also: 1% Cash Back · 1.5% Cash Back · 2% Cash Back · 3% Cash Back · 4% Cash Back · 10% Cash Back · Percent Off Calculator
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.
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 credit cards that earn 5% cash back or more in a specific category along with their current intro offers:
Input your monthly and yearly spend amounts into the tool below to find out which credit cards will earn you the most cash back on your spending.
Find out which credit cards will offer you the most value based on the spend amounts you entered
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These estimates are to help guide you towards making the best decision when it comes to picking up a rewards credit card. They should be used for illustrative purposes only.
You can click on the estimated earnings to see the calculations or click on the card to learn more and apply for the card through our partners.
Do note that all spend amounts entered into the tool above will carry over to every credit card rewards calculator on the site, so there's no need to re-enter spend if you choose to dive deeper into calculating rewards for credit cards on the site.
5% cash back is 5 cents back on the dollar. So for every $1 spent, you would get 5 cents back.
5% cash back on a $100 purchase would would earn you $5 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.
You can use the Credit Card Finder Tool to get a list of the best credit cards based on your spend across categories.
