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A few years back, I began to realize my suite of credit cards wasn’t earning the most for my spending. My best credit card at the time earned 3% back on food, while my go-to card for every purchase earned 1.5%. When a friend told me that she was earning 5% back on nearly every purchase, I began to realize I was leaving money on the table — a wake-up call that has helped me build the credit card arsenal I have today.
In my quest to earn 5% back on nearly every purchase, I’ve come across quite a few cards that deserve a permanent place in a 5%-earning wallet. While there are plenty of cards that might deserve mention, the following five are some of my favorites.
Good for:ย Grocery shopping
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If you spend at least $6,000 at U.S. supermarkets each year, you would earn $360 in cash back, which becomes $265 after subtracting the annual fee. Meanwhile, a no-fee card that earns 3% back on groceries — like the Capital One SavorOne Cash Rewards Credit Card — would have earned just $180 on the same spending.
Good for:ย Flexible spending categories
Good for:ย Walmart, Target, retail shopping
Since many grocery credit cards don’t count Walmart or Target as supermarkets, this card could give you a way to earn 6% on those two stores. The card has a $95 annual fee, which is waived for its first year. If you spend $1,583 on any combination of the stores above, the card’s cash back would pay for its fee.
Credit Card | Good For | Cash Back Rates | Annual Fee | Welcome Offer |
---|---|---|---|---|
Amex Blue Cash Preferredยฎ Card | Grocery shopping | 6% at U.S. supermarkets, 6% on select streaming, 3% at U.S. gas stations, 3% on transit, 1% on other purchases | $0 intro annual fee for the first year, then $95 | $250 statement credit after spending $3,000 in first 6 months |
Citi Custom Cashยฎ Card | Flexible spending categories | 5% in top eligible spend category each billing cycle (up to $500), 1% on other purchases | None | $200 cash back after spending $1,500 in first 6 months |
U.S. Bank Shopper Cash Rewards Visa Signatureยฎ Card | Walmart, Target, retail shopping | 6% on first $1,500 in combined eligible purchases each quarter from two retailers of choice | $95 (waived for first year) | None |
These credit cards offer high cash back rates in various spending categories, making them excellent choices for maximizing your rewards. Whether you spend heavily on groceries, need flexibility in your cash back categories, or shop frequently at Walmart or Target, there’s a card here that can help you earn more on your purchases.
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