If you have anything less than excellent credit, it can be difficult to find a rewards card that offers a high cash back rate in popular spending categories. But with the Credit One Bank® Platinum X5 Visa® — which Credit One Bank describes as being available to those with average to excellent credit — you can earn 5% cash back rewards on the first $5,000 of eligible gas, grocery, internet, cable, satellite TV, and mobile phone service purchases each year, and then 1% thereafter. Plus 1% cash back rewards on all other purchases, terms apply.
Just know that you will be responsible for paying an annual fee with this card, which will cut into your rewards earnings. Plus, the card doesn’t offer an interest-free period on purchases, so if you don’t pay your balance in full each month, you’ll be subject to high interest charges.