The two most important 5% cash back cards are the Chase Freedom and Discover IT and if you have not yet signed up for their 3rd quarter bonus here is the info. The third quarter bonus categories are now in effect earning you 5x points on purchases at Kohl’s (in-store or online) and gas stations with Chase Freedom. You will most likely not max out of the $1,500 quarterly 5x limit at just gas stations with this card so you may look out for great deals at Kohl’s
We maxed out our 5% last quarter with both our Discover and Chase cards on the restaurants which is our favorite category because it includes bars and nightclubs as well plus we eat out a lot. Although we are excited to change over to Gas and now Amazon.com with the Discover It card.
If you have a Discover Card with rotating bonus categories, you can also now activate the 5% cash back third quarter bonus categories of Home Improvement Stores, Department Stores, and Amazon.com up to a $1,500 max. You may even get a double bonus with an extra 5% if you signed up for it.
Chase Freedom
- Gas stations (possible gift card rack inside to get 5x everywhere)
- Kohl’s
Discover IT
- Home improvement stores
- Department stores (Sears offers lots of deals in the Discover Deals portal)
- Amazon.com
If you were as addicted to amazing 5% back on dining you may check out the following for 2% on dining purchases. You can also use the Cash+ Card from US Bank for 5% at Fast Food restaurants all quarter long.
Chase Sapphire Preferred Card gives you 2x on dining with 3x on First Fridays, including this coming Friday, July 3. American Express Premier Rewards Gold Card offers 2x on dining at US restaurants and the Citi ThankYou Premier offers 2x on dining.
