Last updated on January 14th, 2022
Cash back credit cards are a popular option for consumers who want to save money on everyday purchases. Certain cards, however, offer higher rates of cash back than others, with the Chase Freedom Flex and Discover It being two of the most popular options available. These cards offer 5% back on select categories each quarter. Here are the 2022 5% cash back calendars for three leading card issuers: Chase, Discover, and Citi.
What Are the Chase Freedom Flex 5% Cash Back Calendar Categories for 2022?
The Chase Freedom Flex Card is one of the most popular cash back credit cards on the market. The card offers 5% back on select categories each quarter, with 1% back on all other purchases. Here are the 5% cash back categories for 2022:
Groceries (excluding larger stores like Target or Walmart) and eBay.
Applies to the first $1,500 in purchases at standalone grocery stores and eBay.
Official terms: Merchants who accept Visa/Mastercard credit cards are assigned a merchant code, which is determined by the merchant or its processor in accordance with Visa/Mastercard procedures based on the kinds of products and services they primarily sell. We group similar merchant codes into categories for purposes of making rewards offers to you. Please note: We make every effort to include all relevant merchant codes in our rewards categories. However, even though a merchant or some of the items that it sells may appear to fit within a rewards category, the merchant may not have a merchant code in that category. When this occurs, purchases with that merchant won’t qualify for rewards offers on purchases in that category. Purchases submitted by you, an authorized user, or the merchant through third-party payment accounts, mobile or wireless card readers, online or mobile digital wallets, or similar technology will not qualify in a rewards category if the technology is not set up to process the purchase in that rewards category.
How Does the Chase 5% Cash Back Calendar for 2022 Compare to 2021?
While the previous year’s cash back calendar usually provides insights into future categories in 2022, that may not be the case this year. Here’s a quick rundown of the 2021 Chase Cash Back Calendar:
- January to March: Wholesale clubs, select streaming services, and phone, internet, & cable service providers
- April to June: Gas stations and home improvement store purchases
- July to September: Select streaming services and grocery stores
- October to December: Walmart and PayPal
Related Article: Best Credit Cards for Grocery Shopping
What Are the Discover It 5% Cash Back Calendar Categories for 2022?
Discover is another card issuer that offers a 5% cash back credit card. The issuer’s Discover It Cash Back is an excellent cash back card with no annual fees. It also features Discover’s Cashback Match for the first year (only for new cardholders).
Unlike Chase, Discover announces its Cashback Calendar in full. Here is the full list of 2022’s 5% cash back categories:
Grocery Stores and Fitness Club & Gym Memberships
Applies to the first $1,500 in purchases at stand-alone grocery stores, fitness clubs, or gym memberships.
Official terms: Activate to earn 5% Cashback Bonus at Grocery Stores (stand-alone) and Fitness Club & Gym Memberships from 1/1/22 (or the date on which you activate 5%, whichever is later) through 3/31/22, on up to $1,500 in purchases. Grocery Store purchases include those made at supermarkets, meat lockers, bakeries, smaller grocery stores, and grocery delivery services. All purchases made at Walmart, Target, convenience stores, wholesale clubs, discount stores, and supercenters are not eligible. Fitness Club & Gym Memberships include membership fees and purchases at health clubs. Athletic or recreation facilities may be eligible. Virtual and in-person fitness classes may be eligible. Individual merchants and stand-alone stores within fitness clubs, gyms, athletic or recreation facilities may not be eligible in this category.
How Does the 2022 Discover 5% Calendar Compare to 2021?
Beyond streaming services in Q2, the Discover 5% Cashback Calendar is the same as 2020’s. For reference, here’s the 2021 Discover Calendar:
- January to March: Grocery Stores, Walgreens, and CVS
- April to June: Gas Stations, Wholesale Clubs, and Streaming Services
- July to September: Restaurants and PayPal
- October to December: Amazon.com, Target.com, and Walmart.com
Related Article: Discover Announces 2022 5% Cashback Calendar
Citi Dividend Card 5% Calendar for 2022
The Citi Dividend Card (no longer accepting new applicants) is another 5% cash back card. The card enjoys impressive popularity among Citi customers thanks to its lucrative rewards and versatile categories. Here are the Citi Dividend cash back categories for 2022:
Amazon.com and Streaming Services
Applies to the first $6,000 in purchases at qualifying merchants per year. Eligible streaming services include Amazon Prime Video, Amazon Music, Apple Music, CBS All Access, Disney+, AT&T TV NOW, ESPN+, fuboTV, HBO Max, NBA League Pass, Netflix, Pandora, Showtime, Sling TV, Spotify, Starz, SiriusXM, Vudu, YouTube Red, YouTube TV, and Tidal.
Merchants are assigned a merchant category code (“MCC”), which is determined in accordance with Visa/Mastercard/American Express procedures. We don’t control the assignment of these codes and are not responsible for the codes used by merchants. When you use your card to make a purchase, we’re provided an MCC for that purchase and use that code to determine if your purchase is eligible for this offer. Please also note – purchases made through mobile/wireless technology, including digital wallets, may not earn additional cash back depending on how the technology is set up to process the purchase. Purchases made at a third–party company operating inside a retailer or on their website or a third–party company making purchases on your behalf at these merchants, may not be eligible for this offer. Purchases must post to your account during the promotional period. Many merchants will wait for a purchase to ship before they post the purchase to your account. We reserve the exclusive right to determine which purchases are eligible for additional cash back. If you make a return from a qualified merchant during the offer period, your cash back will be reduced by the additional 4%, even if the purchase was made before the offer period.
Eligible purchases exclude balance transfers, cash advances, convenience checks, items returned for credit, fees, interest charges., and the purchase of merchandise or services from or the repayment of debts to banks, savings and loans, thrifts, and credit unions including the purchase of foreign currency, non-fiat currency, money orders, travelers checks, wire transfers checks (and similar cash–like transactions). In order to qualify for this offer, the account must be open and current at all times. If your account is closed for any reason, including if you convert to another product, you may no longer be eligible for this offer. You may receive more than one communication regarding this offer with a reply–by–date mentioned within; however, if you have already enrolled in this offer, no further action is required. This offer is non–transferable and applies to the account ending in the last 4 digits referenced in this offer.
The Chase Freedom and Discover It, and Citi Dividend are three excellent cash back cards. The 5% cash back calendars offer significant value for those who either like to shop online or prefer to plan their major spending ahead of time. The bonus categories are incredibly useful around the holidays, as department stores, online shopping, and other major retailers are the focus.
Those who don’t spend heavily in bonus categories, however, don’t have to settle for 1% cash back. There are plenty of excellent credit cards that offer accelerated cash back on all purchases.
Not sure which card is best for you? Check out some of our “Best Of” lists to discover the top credit cards in each category: