Here is some information that can help you save money, not only for your home upgrades, but also for your everyday use.
Best 5% Cash Back Credit Cards in 2024
We prefer cash back credit cards on fixed categories instead of rotating categories so that we don’t have to keep track of the category every quarter.
1. Citi Custom Cash℠ Card for a category of your choice
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5% on your top eligible spending category up to $500 each billing cycle |
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5% eligible categories: Restaurants, gas stations, grocery stores, select travel, select transit, select streaming services, drugstores, home improvement stores, fitness clubs, live entertainment |
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$200 welcome bonus after spending $1,500 in the first 6 months |
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No annual fee |
Apply Now
2. PenFed Platinum Rewards Visa Card for gas
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5% on gas paid at the pump (unlimited) |
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3% at the supermarket including most Target and Walmart locations, restaurants, and TV, radio, cable, streaming services |
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$150 worth welcome bonus points after spending $1,500 in the first 90 days |
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No annual fee |
Apply Now
3. U.S. Bank Cash+® Visa Signature® Card for two categories of your choice
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5% on two of the eligible categories up to $2,000 in combined purchases per quarter
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5% eligible categories: TV, Internet and streaming services; home utilities; ground transportation; select clothing stores; cell phone providers; electronics stores; gyms and fitness centers; fast food; sporting goods stores; department stores; furniture stores; movie theaters |
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$200 welcome bonus after spending $1,000 in the first 120 days |
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No annual fee |
Apply Now
4. Target RedCard
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Save 5% upfront at Target stores and Target.com |
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Save 5% upfront on specialty gift cards that you can buy for yourself at Target |
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Available gift cards: Home Depot, Lowe's, Apple, Disney, AMC, Starbucks, Groupon, various restaurants and more |
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Free 2-day shipping at Target.com |
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Get an additional 30 days for returns and exchanges at Target |
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No annual fee |
Apply Now
5. Store Credit Cards
For all other categories, Citi Double Cash Card works great because you will get 2% on everything. There are absolutely no caps and no category restrictions.
Citi Double Cash Card for everything else
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2% on everything (unlimited)
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No bonus offer |
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No annual fee |
Apply Now
Here is an example of how you can utilize the best cash back credit cards.
Categories |
Credit Cards |
Cash Back % |
Restaurant |
1. Citi Custom Cash℠ Card |
5% |
Gas |
2. PenFed Platinum Rewards Visa Card |
5% |
Supermarket |
2. PenFed Platinum Rewards Visa Card |
3% |
TV, Radio, Cable and Streaming Services |
2. PenFed Platinum Rewards Visa Card |
3% |
Home Utilities and Cell Phone Providers |
3. U.S. Bank Cash+® Visa Signature® Card |
5% |
Target Purchases, Various Gift Cards |
4. Target RedCard |
5% |
Amazon.com, Lowe's, Walmart and other stores |
5. Store Credit Cards |
5% |
Other |
Citi Double Cash Card |
2% |
Other Saving Tips