5% Calendar for Q1 2022
With many credit cards in your wallet, keeping track of the best earning rates for each category is vital. 5% is usually as good as it gets. There are several credit cards out there that offer 5% on quarterly rotating categories. So let’s take a look at the 5% Calendar for Q1 2022, which kicked in a few days ago. But before we see where you can earn 5% back, let’s see how the earning works on each credit card.
Cards with 5% Rotating Categories
|Card||How 5x Works||Activate|
|Chase Freedom Flex||5X Ultimate Rewards points on $1,500 per quarter||Activate||LEARN MORE|
|Chase Freedom||5X Ultimate Rewards points on $1,500 per quarter||Activate||No longer available|
|Discover it||5% cashback on $1,500 per quarter||Activate||LEARN MORE|
|Citi Dividend||5% on up to $6,000 spend for the whole year, can be earned in any quarter||N/A||No longer available|
|US Bank Cash+||5% cashback on $2,000 per quarter||Activate||LEARN MORE|
|Vantage West Card||5% on $1,500 per quarter||N/A||LEARN MORE|
Here are the categories where you can earn 5% with each one of these cards.
- Chase Freedom & Freedom Flex
- Grocery Stores (excluding Target and Walmart)
- Discover It
- Grocery Stores
- Fitness Club & Gym Memberships
- Citi Dividend
- Streaming Services
- US Bank Cash+ lets you choose 2 of the following categories:
- TV, Internet, and Streaming Services
- Home utilities
- Select clothing stores
- Cell phone providers
- Electronic Stores
- Fast food
- Ground Transportation
- Sporting goods
- Department Stores
- Furniture Stores
- Movie theaters
- Vantage West Visa Card lets you choose 1 of the following categories:
- Utilities [water, cell, electric, etc.]
- In-Store Wholesale Purchases [Costco, Sam’s Club, etc.]
- Department Stores
- Hardware & Home Improvement Stores
- Charitable Organizations
- Pharmacies & Drug Stores
The ABOC Platinum card no longer offers 5% categories.
Maximizing 5% Categories for Q1 2022
Chase Freedom and the new Freedom Flex have grocery stores as a 5% bonus category this quarter which is a great option as always. Target and Walmart are excluded from the eligible merchants, but most major grocery chains are eligible and they often carry gift cards. eBay is also a rare addition and probably useful for most people
The Discover it card also has grocery stores as a 5% category. Fitness Club & Gym Memberships are also included, but savings 5% for three months is probably not worth switching your form of payment and then switching back again.
Citi Dividend has something different with Amazon. That’s a popular merchant for most people but you can often save 5% there with an Amazon card, or by buying Amazon gift cards with a 5% card such as Chase Ink Cash. Streaming Services is also part of this month’s 5% categories.
Then we have the US Bank Cash+ card and Vantage West Visa Card that let you choose two and one category respectively from a list of options. This gives you flexibility to choose a category that works best for you.
Some good categories are included, such Grocery Stroes, Amazon, eBay and more. Let me know what cards you have and how you plan on tackling this quarter’s 5% categories.
If you don’t have these cards, there are also some good welcome bonuses available. You can get $200 and 5% on groceries for one year when you apply for the Chase Freedom Flex card. U.S. Bank Cash+ is offering a $200 bonus when you spend $500 in eligible purchases within the first 90 days. Discover it currently has an increased $100 bonus and double cash back for the first year. Chase Freedom and Citi Dividend are no longer available for applications.