Current 5% Cash Back Credit Card Reward Categories (Spring 2014)

by Michael on Oct 8, 2013 · 3 comments

Photo of Credit Card with Money

A couple of years ago, many of the best reward credit cards adopted rotating reward categories with quarterly re-enrollment.

This is a great business model for them because they can offer relatively generous 5% cash back rewards without necessarily having to pay them because people may fail to re-enroll.

Since the winder quarter has ended and spring has begun, the categories have changed. It’s thus time to double-check and be sure that you’ve enrolled in the latest and greatest reward card offers.

What follows is a rundown of the current bonus categories for some of the most popular reward cards on the market.

Chase Freedom Visa

From April 1st through June 30th, the Chase Freedom Visa card is offering 5% cash back on up to $1,500 in purchases in the following categories:

  • Restaurants
  • Lowe’s home improvement stores

All other purchases still qualify for the standard 1% cash back.

To enroll your card, simply visit ChaseBonus.com — the rewards should be applied retroactively as long as you activate the promo before June 14th.

Citi Dividend Platinum Select Visa

From April 1st through June 30th, the Citi Dividend card is offering 5% cash back on purchases in the following categories:

  • Home Depot
  • Home furnishings
  • Garden stores

All other purchases still qualify for the standard 1% cash back.

There is no specific purchase limit for this offer aside from the overall $300 annual rewards cap that applies to all purchases made with this card.

To enroll your card, call 1-800-231-0891 or look for a signup link from within your online account. Unfortunately, the bonus rewards are not retroactive with this card, so be sure to activate now if you have this card.

Discover Card

From April 1st through June 30th, the Discover it card is offering 5% cash back on up to $1,500 in purchases at home improvement stores, furniture stores, and at Bed Bath & Beyond.

All other purchases earn 1% cash back rewards with no annual earnings limit.

To enroll you card, login to your account online or call the number on the back of your card. Note that, like the Citi card above, the bonus rewards are not retroactive with this card, so be sure to activate it soon.


1 Harry October 2, 2012 at 8:47 am

You would think by now someone would’ve created a mobile app that automatically updates these and gives you a push notification on the 1st of every quarter. Sounds like a business opportunity?

2 Michael October 2, 2012 at 8:50 am

Yeah, sounds good. You should do it!

Or, you could just keep coming here for your updates… 😉

Chase has actually experimented with auto-enrollment, which is good for us but probably bad for them since it would have the net effect of increasing the rewards they’d have to pay out.

3 Money Beagle October 8, 2013 at 11:13 am

My wife got a new iPhone and a service plan at Best Buy a few months ago, so the first thing I thought of when I saw the Citi categories was how much we would have gotten back had that timing worked out better.

Oh well. Those three categories are all pretty good for the upcoming holidays. I bet a lot of Black Friday shoppers will be whipping out their Citi cards at Best Buy this year!

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