Top 5% Cash Back Credit Cards in 2021

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Cash backs are a great way to earn from spending your credit card. Whether you prefer a flat rate or a choosing from sophisticated bonus categories, let’s jump straight into the best 5% cashback credit cards.

1. Discover it Cash Back

The Discover it® Cash Back has a famous unlimited Cashback match. As a result, new cardmembers receive double rewards on selected items for the first year.

The bonus merchant categories revolve quarterly and access 5% cashback up to the quarterly limit. Discover cards are also accepted by virtually every merchant that accepts credit cards in the US.

2. Chase Freedom Flex

The Chase Freedom Flex℠card uses rotating merchant categories you can activate quarterly.

You can get the 5% cashback rate up to the quarterly limit on combined purchases, unlike the Chase Freedom card. Additionally, it includes higher rewards for certain merchant categories. Other benefits include cellphone protection and frequent promotions on things like food delivery.

3. Discover it Student Cash Back

This is the perfect card for students who are new to credit building. The card’s popular cashback match feature doubles the card holder’s cashback accumulated on the first year of card ownership. Students who attend participating schools at least half the time can get this card even if they have no prior credit experience.

4. Ink Business Cash Credit Card 

Chase’s Ink Business Cash® Credit Card allows you to earn 5% cashback on selected nonrotating merchant categories up to an annual limit. The rest of the tiers earn lower rates. The bonus rewards are aimed at businesses, and business owners can quickly accumulate reward points by distributing the card among their employees.

5. Amazon Prime Rewards Visa Signature Card

This card is especially generous to Amazon Prime users and gives 5% cashback from purchases made on the platform, including subsidiary Whole Foods. It also includes a gift card that is technically supposed to be part of your taxable income, but the IRS will not notice because the figures are below the reporting threshold.

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