Fifth Third Cash Rewards: Rewarding Your Everyday Expenses

Welcome to our article on the Fifth Third Cash Rewards card – a cash back credit card offered by Fifth Third Bank. If you’re looking for a credit card that rewards your everyday expenses, then this card might be just what you need. With its simple rewards structure and attractive benefits, the Fifth Third Cash Rewards card can help you earn cash back on your purchases while enjoying additional perks.

When it comes to choosing a cash back credit card, it’s important to consider the rewards program. The Fifth Third Cash Rewards card offers a 1.67% return rate on all purchases, ensuring that you earn cash back on every transaction. Whether you’re buying groceries, filling up your gas tank or shopping online, this card has got you covered. Plus, there’s no annual fee, making it a cost-effective choice for your day-to-day expenses.

However, keep in mind that this card doesn’t come with a welcome offer or bonus spending categories. To qualify for the Fifth Third Cash Rewards card, you must already be a Fifth Third Bank customer. Additionally, the APR for this card ranges from 20.74% to 29.99% based on creditworthiness, so it’s important to consider your financial situation and credit score before applying.

While the Fifth Third Cash Rewards card has its own set of benefits, it’s always a good idea to compare it to other cash back credit card options. For example, the Capital One Quicksilver Cash Rewards card offers a 1.5% cash back return and additional benefits such as 5% cash back on hotels and rental cars booked through Capital One Travel. The Citi Double Cash card, on the other hand, offers 2% cash back on all purchases, with 1% when you make a purchase and another 1% when you pay off that purchase.

Benefits of the Fifth Third Cash Rewards Card

The Fifth Third Cash Rewards card offers several benefits to cardholders. One of the main advantages is the unlimited 1.67% return rate on all purchases, providing cash back on everyday expenses. The rewards structure is simple and easy to understand. There is no annual fee for this card, making it a cost-effective choice. Additionally, the card offers benefits such as cell phone protection, contactless payments, and Mastercard ID Theft Protection. However, it is important to note that there is no welcome offer or bonus spending categories with this card.

The Fifth Third Cash Rewards card offers a straightforward way to earn cash back on everyday purchases, without the hassle of rotating bonus categories or complex rewards programs. With a fixed 1.67% return rate on all purchases, you can count on earning cash back on everything you buy. Whether it’s groceries, gas, or dining out, this card has you covered.

Simple and Transparent Rewards Structure

The Fifth Third Cash Rewards card has a rewards program that is easy to understand. There are no confusing bonus categories or spending requirements to keep track of. Instead, you earn a flat 1.67% cash back on all purchases. This makes it simple to know exactly how much cash back you can expect to earn on every transaction.

No Annual Fee

With no annual fee, the Fifth Third Cash Rewards card is a cost-effective choice for cardholders. You can enjoy the benefits of earning cash back without having to worry about paying an extra fee each year. This makes it a great option for those looking to maximize their rewards without any additional costs.

Added Cardholder Benefits

In addition to cash back rewards, the Fifth Third Cash Rewards card offers several cardholder benefits. These include cell phone protection, which can help cover the cost of repairing or replacing your phone in the event of damage or theft. The card also offers contactless payment technology, allowing you to make quick and secure payments with just a tap of your card. Finally, the Mastercard ID Theft Protection provides peace of mind by offering monitoring and assistance in the event of identity theft.

How to Redeem Your Fifth Third Cash Rewards

Redeeming your Fifth Third Cash Rewards is a simple and hassle-free process. Once you’ve earned points with your card, you have multiple options for redeeming your rewards.

If you prefer to reduce your balance, you can redeem your points as a statement credit. This allows you to offset your card balance and enjoy the benefits of your cash back rewards immediately.

There is no minimum threshold for redemption, so you can redeem your rewards at any time. Whether you have a small amount or a significant balance, you can take advantage of your Fifth Cash Rewards whenever it suits you best.

For added flexibility, you also have the option to request a direct deposit into your Fifth checking or savings account. This enables you to easily transfer your rewards to your preferred banking account and utilize them as you see fit.

If you prefer a hassle-free approach, you can enroll in auto-redemption. This feature automatically empties your rewards balance into your account each month, ensuring that you never miss out on utilizing your cash back rewards.

With these convenient redemption options, you have the freedom to choose how and when you want to utilize your Fifth Cash Rewards.

Frequently Asked Questions