Rewards cards are my preferred type of credit cards- especially cash back cards, because when you use them, you are essentially saving money, since you receive a certain percent of cash back in return for your purchases. The good thing about these cards is that by making your daily purchases with the card, you're able to accumulate quite a lot in cash rewards over time.

Out of all the cash back credit cards I've seen, my favorite cards are those that offer 5% bonus cash back in categories that rotate every quarter, as these are the cards with which you can save the most money when making your purchases and which offer a wider variety of purchases that will earn you these additional rewards.

Many times the categories in which you will earn 5% cash back are season-specific, such as travel during summer when most people go on holiday, or online shopping during the last quarter when many people are trying to buy gifts for their loved ones. This selection of quarterly categories can also make your shopping experience more exciting by giving you new shopping ideas since you'll essentially be saving 5% of everything you purchase in the category of the current quarter.

Most cards require you to enroll for free each quarter so that you can take advantage of this 5% cash back promotion. Other cards, however, may not require enrollment, so you should always make sure you know the terms of the rewards program your credit card has so that you can earn as much cash back as possible and don't end up with any unpleasant surprises.

Another important thing to take into account is that some of these credit cards have a cap on the amount you can earn through the 5% cash back in the rotating categories they offer each quarter.

Here one of our best rated credit cards offering 5% cash back reward programs.

Credit CardFeaturesIntro APRRegular APRAnnual FeeWhy we like itWe least likeCredit RequiredRelated links
Chase Freedom<sup>®</sup>

Chase Freedom®

APPLY NOWAt Chase's secure website
  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 16.99-25.74%. Balance transfer fee is 3% of the amount transferred, $5 minimum
  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
  • Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate
  • Enjoy new 5% categories each quarter
  • Unlimited 1% cash back on all other purchases - it's automatic
  • Cash Back rewards do not expire as long as your account is open and there is no minimum to redeem for cash back.
  • Free credit score, updated weekly with Credit Journey℠
  • No annual fee
APPLY NOWAt Chase's secure website

0% Intro APR for 15 months from account opening on purchases and balance transfers

16.99% - 25.74% Variable

$0

Why we like it
  • Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories each quarter. Unlimited 1% cash back on all other purchases - it's automatic.
Excellent/Good

Credit CardFeaturesIntro APRRegular APRAnnual FeeWhy we like itWe least likeCredit RequiredRelated links
Discover it<sup>®</sup> Cash Back

Discover it® Cash Back

APPLY NOWAt Discover's secure website
  • Intro Offer: Discover will match all the cash back you've earned at the end of your first year, automatically. There's no signing up. And no limit to how much is matched.
  • Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com and more up to the quarterly maximum, each time you activate.
  • Plus, earn unlimited 1% cash back on all other purchases – automatically.
  • Redeem cash back any amount, any time. Rewards never expire.
  • Use your rewards at Amazon.com checkout.
  • Receive Free Social Security number alerts—Discover will monitor thousands of risky websites when you sign up.
  • No annual fee.
APPLY NOWAt Discover's secure website

0% on purchases and balance transfers for 14 months

13.99% - 24.99% Variable

$0

Excellent/Good