Earning 5x points/cash back is pretty much the best you can do right now, and there might be more options than you think to earn it. There are the regular options that you’ve heard of over and over (i.e. the ones with affiliate links) and then there are the ones that are seldom discussed (i.e. the ones without affiliate links). I figure now is a good time to put together a list of the current ones I know about. As always, make sure you read the Terms and Conditions of each offer before you decide to apply.
These are not ranked in any way – you can decide which one works best for you.
I actually applied for this card the day after my recent app-o-rama because I decided I wanted it (yes, poor planning on my part, but I got the card anyway). I have an interesting story about obtaining this card that I’ll post later this week, and it may help you if you’re like me and didn’t have an existing relationship with Wells Fargo.
With this card you’ll earn 5x rewards points (which is basically 5% cash back) on gas, grocery, and drugstore purchases for the first 6 months. Those are important categories for manufactured spenders, particularly the latter 2 because of the availability of Vanilla Reloads and other gift cards. According to the T&Cs, “There is no limit to the Points You may earn in any calendar year.”
There is no annual fee on this card.
Similar to the Wells Fargo card above, this card provides 5x cash back on gas, grocery, and drugstore purchases, but only gives it for 90 days. That’s a very limited window, but if you’ve run out of other options then I’m sure you’ll gladly take it.
They’ll send you cash back in the form of $50 checks automatically, according to their website. Let’s hope they’ll be sending you a lot of checks over that 3 month period!
There is no points cap and no annual fee on this card.
With this card you’ll earn 5x on dining, groceries, gas and cable, phone and utility bill payments for 6 months. The obvious omission here is drugstores, which is unfortunate, but is slightly made up for with the addition of dining and utility payments. Still, you can go to town on the gift cards at grocery stores.
I don’t have any experience with this card so I can’t say exactly how the cash back works, but it can’t be too complicated. There is no points cap and no annual fee on this card.
I recommend these cards for heavy manufactured spenders. Hopefully there are some cards above that you’ll find interest in, but just be careful not to get too carried away – you wouldn’t want your account(s) to get shut down!. As always, don’t apply for any cards unless you pay off your bills every month and your credit is in good shape.
Do you know of any other good 5x cards?