5% Cash Back Cards: Walmart, PayPal, Amazon.com, Target.com – October through December 2021

5percentbackActivation reminder for 4th Quarter 2021. The credit cards below offer up to 5% cash back on specific categories that rotate each quarter. It takes a little extra attention, but it can add up to hundreds of dollars in additional rewards per year without changing your spending habits. You can also buy gift cards at places with 5% back now but spend the gift cards later. New cardmembers may also get an upfront sign-up bonus.

Chase Freedom Flex Card

From October 1st through December 31st, 2021 you can earn 5% cash back on up to $1,500 spent in the following categories:

  • Walmart including Walmart Discount Stores, SuperCenters, Neighborhood Markets, Walmart.com, Walmart branded gas stations operated by Walmart, and Walmart Pay.
  • PayPal purchases paid using your Freedom Flex. Friends and Family or Person-to-Person (P2P) transactions are excluded.

(The categories are also the same for the old Chase Freedom card, which is no longer available to new applicants.)

Enroll each quarter online in your Chase account or at ChaseBonus.com. As long as you activate by December 14th, the rewards are retroactive. Technically, you earn Ultimate Rewards points which can also be converted to airline miles or hotel points instead of cash if you have a Chase Sapphire Preferred or Chase Sapphire Reserve card. Currently, the Chase Freedom Flex card is offering new applicants a $200 bonus if you sign up and make $500 in purchases in your first three months. No annual fee.

Discover it 14 ImageDiscover it Card

From October 1st through December 31st, 2021, you can earn 5% cash back on up to $1,500 spent in the following categories:

  • Amazon.com
  • Walmart.com
  • Target.com

Enroll after logging into your online account (look on the right-hand side). 5% rewards won’t apply until after you activate your rewards, so it is best to activate now before you forget. No annual fee.

Discover it $100 bonus details. If you are a new applicant and sign up via my Discover Card referral link, you will get a $50 improved $100 Cashback Bonus after your first purchase within 3 months of being account opening. You will also get Cashback Match for an entire year – a dollar-for-dollar match of all the cash back you’ve earned at the end of your first year, automatically. During those 12 months, your 5% cash back rewards becomes 10% cash back, and your 1% cash back rewards become 2% cash back. You can verify this on the application by looking under “Terms and Conditions” or searching for “cashback match” and “statement credit offer”:

Cashback Match: We’ll match all the cash back rewards you’ve earned on your credit card from the day your new account is approved through your first 12 consecutive billing periods or 365 days, whichever is longer, and add it to your rewards account within two billing periods.

* You will receive a $100 Statement Credit after making a purchase that posts to your account within three months of account opening. You must apply through your friend’s referral link and be approved by December 31, 2021 in order to be eligible for the $100 Statement Credit offer. Offer may not be combined with any other introductory offer. Promotional award will be applied within 8 weeks.

American Express Blue Cash Preferred Card.

  • 6% cash back at US supermarkets all year long (on up to $6,000 per year)
  • 6% cash back at select US streaming subscriptions (includes Disney+, Hulu, ESPN+, Netflix, Sling, Vudu, Fubo TV, Apple Music, SiriusXM, Pandora, Spotify, YouTube TV, and more).
  • 3% cash back at US gas stations and transit (taxis/rideshare, parking, tolls, trains, buses and more).

I use this card all year long for groceries and put all my streaming services on it, and then in December use up the $6k annual limit on gift cards bought in the supermarket aisle. New cardholders are also eligible for a welcome offer. See details in link.

U.S. Bank Cash+ Visa Signature Card. You must choose the two 5% cash back categories every quarter, out of a preset selection of specific categories:

  • Fast Food
  • Cell Phone Providers
  • Home Utilities
  • Ground Transportation
  • Select Clothing Stores
  • Electronics Stores
  • Car Rentals
  • Gyms/Fitness Centers
  • Sporting Goods Stores
  • Department Stores
  • Furniture Stores
  • Movie Theaters
  • TV, Internet, and Streaming Services

Unfortunately, you can’t pick a broad category like gas stations, restaurants, or grocery stores. Make sure to choose your categories each and every quarter, even if you want them to stay the same. If you do not choose your categories, all purchases revert to only earning 1% cash back for that quarter. No annual fee.

Amazon Prime Rewards Card. Earn 5% back at Amazon.com and Whole Foods all year long. Prime membership required. New cardholder bonus varies by person. No annual fee.

Citi Custom Cash Card. This new card offers 5% cash back on your top eligible spending category up to $500 spent each month. The maximum amount of $500 per month is less than the $1,500 per month of many cards above, but the category shifts according to your spending. You could, for example, only use this card for gas all year long.

Citi Dividend Card. This card is no longer available to new applicants, but if you still have the grandfathered card you can view and activate your quarterly 5% category here. Limit of $300 cash back for the calendar year.

Don’t settle for the “1% on everything else” that these cards offer. Get 2% cash back or higher. Check out the card-specific reviews for details.


“The editorial content here is not provided by any of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are the author's alone. This email may contain links through which we are compensated when you click on or are approved for offers.”

5% Cash Back Cards: Walmart, PayPal, Amazon.com, Target.com – October through December 2021 from My Money Blog.


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