The popularity of 5% rotating category cash-back cards, notably from Discover and Chase, stems from their potential to earn substantial rewards. These cards, which offer 5% cash back in specific categories that change quarterly, are effective if consumers manage them by staying informed about the revolving categories. However, they typically offer a lower 1% return on all other purchases and impose a spending cap of around $1,500 per quarter where the 5% rate applies. Proper utilization can lead to significant yearly earnings depending on spending habits.
The 5% cash-back card type is gaining popularity, offering significant rewards, but requires careful monitoring of rotating categories to maximize benefits.
To fully benefit from the 5% cashback cards, consumers must track quarterly categories, as these offer enhanced rewards, often capping bonuses around $1,500.
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