The new 5% cash back categories for Discover cards with rotating categories , Chase Freedom, and Citibank Dividend Platinum were announced for the first quarter of 2014, which is January through March. These cards allow you to get 5% cash back on categories that rotate every quarter of the year in addition to their regular cash back rewards.
These card have the potential to help you reap tons of rewards with absolutely no annual fee.
- 5.0% on Movies and Restaurants on up to $1500 in combined purchases*
*Movie ticket and movie rental purchases are those made at merchants classified as movie theaters, video rental stores, and online movie ticket and movie rental services. Restaurant purchases are those made at retail merchants classified as full-service restaurants, cafes, cafeterias and fast food locations. Purchases made at warehouse clubs, wholesale distributors, and discount stores are not eligible. Purchases made using Near Field Communication (NFC), virtual wallets, or similar technology may not be eligible. Rewards are added to your Cashback Bonus account within 2 billing periods. See Cashback Bonus Program Terms and Conditions for further detail. (source)
Card users will get 1% cash back on all other purchases.
- 5.0% on Starbucks*, Movies, and Gasoline on up to $1500 in combined purchases
*Offer limited to purchases at participating Starbucks® locations, at StarbucksStore.com, and through the Starbucks mobile phone application (including Starbucks Card purchases and reloads). (source)
Users will get 1% back on all other purchases. Additionally, new card users will get $100 cash back if they spend $500 in their first three months of owning the card.
- 5.0% on Macy’s, Gyms/Fitness Clubs, and Drug Stores
There is an annual $300 cap on rewards with this card. Open this car now and take advantage of their limited-time promotion to receive $100 cash back after $500 in purchases within the first 3 months of account opening the card. Users will also get 1% back on all other purchases and your rewards will never expire given that there is activity on the card every 12 months.
It’s important to note that cardholders must manually “opt in” for the 5% cash back rewards by logging into their online credit card account.
To determine if these credit cards are the optimal cards for you, download the Reward Summit app now and start logging your credit card purchases right away!