Calculate 5% Cash Back - Interactive Calculators
Quick Overview
- Earning 5% cash back means you'll receive 5 cents back for every $1 spent, so if you spend $100, you'd get $5 in cash back.
- To calculate 5% cash back, multiply the purchase amount by 0.05. For example, 5% cash back on a $1,000 purchase is $1,000 x 0.05, which equals $50.
Use our 5% cash back calculator to quickly find out how much cash back you'll earn on any dollar amount at a 5% rate.
What is 5% cash back?
A 5% cash back rate means that for every dollar you spend on eligible purchases, you earn 5 cents back in the form of cash rewards. For example, if you spend $200 on a purchase that qualifies for 5% cash back, you would receive $10 in rewards.
This type of reward is typically offered on specific spending categories on credit cards or during promotional periods at retailers. They can often be redeemed as statement credits, direct deposits, or even gift cards, depending on the program.
How do you calculate 5% cash back?
To calculate 5% cash back, simply multiply your total eligible purchase amount by 0.05. This will give you the amount of cash back you’ll earn.
For example, if you spend $600 on a purchase that qualifies for 5% cash back, you would calculate $600 × 0.05, which equals $30 in cash back rewards. This calculation applies to any purchase amount—just take the total and multiply by 0.05 to get the 5% cash back value.
Rakuten Rewards is a free cash back portal that lets you earn up to 10% cash back (or more) when shopping online. Stack your savings by combining Rakuten cash back with existing discounts and rewards from your favorite retailers.
It’s easy to sign up and use, making it a win-win for any online shopper!
5% cash back calculator
Use our 5% Cash Back Calculator to calculate 5% cash back earnings based on any value entered.
Calculator: How much is 5% cash back?
| Total Cash Back: | $5.00 |
|---|
5% cash back amounts
The table below lists the amounts for 5% cash back for several denominations.
| Dollar amount | 5% cash back |
|---|---|
| $25 | $1.25 |
| $50 | $2.50 |
| $75 | $3.75 |
| $100 | $5.00 |
| $200 | $10.00 |
| $300 | $15.00 |
| $400 | $20.00 |
| $500 | $25.00 |
| $600 | $30.00 |
| $700 | $35.00 |
| $800 | $40.00 |
| $900 | $45.00 |
| $1,000 | $50.00 |
| $1,200 | $60.00 |
| $1,500 | $75.00 |
| $2,000 | $100.00 |
| $4,000 | $200.00 |
| $5,000 | $250.00 |
| $10,000 | $500.00 |
| $20,000 | $1,000.00 |
| $40,000 | $2,000.00 |
5% quarterly rotating credit cards
Two credit cards offer 5% cash back on rotating quarterly categories: the Chase Freedom Flex® and Discover it® card.
Both cards cap cash back at $1,500 in combined spending across the 5% categories each quarter. Once you reach this cap, your cash back rate drops to 1% for the rest of the quarter. This allows you to earn up to $75 in 5% cash back per quarter, or $300 annually, if you maximize your spending in these categories.
I recommend having both cards to maximize rewards, especially when valuable 5% categories align with your spending. Plus, with no annual fees, there's no downside to keeping them in your wallet.
5% cash back credit cards
There are a good handful of credit cards that offer 5% cash back or more in specific categories. Which cards are best will depend on how much you spend.
Here are a few of our favorite credit cards that can earn you 5% cash back or more in a specific category:
- Citi Custom Cash Card: Earn 5% back on your top eligible spend category on up to $500 per month (then 1%). No annual fee.
- Blue Cash Preferred® Card from American Express: Earn 6% cash back on the first $6,000 in annual U.S. supermarket purchases (then 1%). Also earns high returns on gas station, streaming services, and transit.
We've run the calculations and checked them twice — here are the credit cards that consistently provide outstanding value to our users:
- Best flexible travel card: Capital One Venture Rewards Credit Card
- Best overall value year after year: Chase Sapphire Preferred® Card
- Best for high cash back: Blue Cash Preferred® Card from American Express
- Best for foodies: American Express® Gold Card
- Best for business travel rewards: Ink Business Preferred® Credit Card
- Best for heavy business spenders: Capital One Spark Cash Plus
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