{"id":10803,"date":"2025-02-26T10:43:13","date_gmt":"2025-02-26T10:43:13","guid":{"rendered":"https:\/\/finderica.com\/?p=10803"},"modified":"2025-02-26T10:43:13","modified_gmt":"2025-02-26T10:43:13","slug":"5-things-to-know-about-the-fifth-third-bank-1-67-cash-back-credit-card","status":"publish","type":"post","link":"https:\/\/finderica.com\/?p=10803","title":{"rendered":"5 Things to Know About the Fifth Third Bank 1.67% Cash Back Credit Card"},"content":{"rendered":"<div>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">With the Fifth Third 1.67% Cash\/Back card, the value is right there in the name: That flat 1.67% cash-back rate is the figure you get by dividing five by three (or a \u201cfifth third\u201d). It&#8217;s certainly a unique rate and a clever marketing strategy, and it&#8217;s slightly better than the <\/span><span class=\"_28z5Fp _3-to_p\">1.5% flat rate you might find<\/span><span class=\"_28z5Fp _3-to_p\"> on some other cash-back credit cards. <\/span><\/p>\n<\/div>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">But these days, even 1.67% back is a low-ball offer, especially considering that this card doesn&#8217;t feature a welcome bonus. If you have good credit (typically, FICO scores of 690 or higher), it\u2019s possible to qualify for credit cards that earn <\/span><span class=\"_28z5Fp _3-to_p\">2% cash back on all purchases<\/span><span class=\"_28z5Fp _3-to_p\">.<\/span><\/p>\n<\/div>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">In fact, Fifth Third Bank itself has just such a product in its portfolio, called the <\/span><span class=\"_28z5Fp _3-to_p\">Preferred Cash\/Back Card<\/span><span class=\"_28z5Fp _3-to_p\"> \u2014 although it has some additional hoops to jump through.<\/span><\/p>\n<\/div>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">Here\u2019s what to know about the Fifth Third 1.67% Cash\/Back card. <\/span><\/p>\n<\/div>\n<div class=\"_3VJt4n\">\n<div>\n<div class=\"_3LOQui PIqV0k wnPEbn BgIPML _1WkR_n paYFr8 _1SNXHI _1voSX6 _3xUsF1 oE4ByK _119vwC knwpyt aylhii\">\n<p><span class=\"_3P4ktl zeCuXk _28z5Fp _1My7YX\" data-currency=\"Text\">\ud83e\udd13<\/span><span class=\"_3P4ktl _2LuWPZ _28z5Fp N36gAq\" data-currency=\"Text\">Nerdy Tip<\/span><\/p>\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">As of this writing, the Fifth Third 1.67% Cash\/Back card isn&#8217;t available if you live in Montana or Vermont. <\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<h2 class=\"_3P4ktl zeCuXk _28z5Fp _2w4PM3 _1My7YX\" data-currency=\"Text\"><span class=\"_3P4ktl zeCuXk _28z5Fp _3-to_p\">1. There&#8217;s no annual fee, but also no welcome offer<\/span><\/h2>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">The Fifth Third 1.67% Cash\/Back card has a $0 annual fee, and it doesn\u2019t charge foreign transaction fees for purchases made abroad. As a Mastercard, it\u2019s also widely accepted for international purchases. <\/span><\/p>\n<\/div>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">But unlike many cash-back credit cards, there&#8217;s no welcome bonus for new cardholders, which is disappointing given that this card&#8217;s ongoing rewards rate on spending is already underwhelming. <\/span><\/p>\n<\/div>\n<h2 class=\"_3P4ktl zeCuXk _28z5Fp _2w4PM3 _1My7YX\" data-currency=\"Text\"><span class=\"_3P4ktl zeCuXk _28z5Fp _3-to_p\">2. You need a Fifth Third account to apply for the card <\/span><\/h2>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">Aside from the traditional requirements like a credit history and income, you\u2019ll also need to have a Fifth Third account to apply for the Fifth Third 1.67% Cash Back credit card. Other credit cards typically don\u2019t have this as a requirement to qualify. <\/span><\/p>\n<\/div>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">If you\u2019re already a Fifth Third customer, this requirement won\u2019t matter. But opening an account just to qualify for this card alone isn&#8217;t worth it.<\/span><\/p>\n<\/div>\n<h2 class=\"_3P4ktl zeCuXk _28z5Fp _2w4PM3 _1My7YX\" data-currency=\"Text\"><span class=\"_3P4ktl zeCuXk _28z5Fp _3-to_p\">3. Better incentives exist <\/span><\/h2>\n<div>\n<div class=\"_3VJt4n _3VY1A7\">\n<div class=\"_3wlVa6 _2247K8 _14vxWx _2Ua6RU\" style=\"max-width:160px\">\n<figure class=\"_3ngNGS _2_Pyfm\">\n<div class=\"xkItPk\" style=\"background-color:transparent\">\n<div class=\"_30SBGi x6Nm1J\"><\/div>\n<\/div>\n<\/figure>\n<div class=\"_2_Pyfm\"><span class=\"_14cHu7 _2BxR5P\">SS rating\u00a0<button type=\"button\" aria-expanded=\"false\" aria-controls=\"nw-aria-ssr-6-10-1\" aria-haspopup=\"dialog\" data-currency=\"PopoverDisclosure\" class=\"_19GC0z\" title=\"How is this rating determined?\"><span class=\"_1Z-QXc\" aria-hidden=\"true\"><\/span><svg viewbox=\"0 0 24 24\" aria-hidden=\"true\" class=\"_2ulGkX\" fill=\"currentcolor\" focusable=\"false\"><path d=\"M12 15.387c-.645 0-1.129.524-1.129 1.13 0 .644.484 1.128 1.129 1.128.605 0 1.129-.484 1.129-1.129 0-.605-.524-1.129-1.129-1.129zm.282-.968a.466.466 0 00.484-.484c0-1.733 3.145-1.612 3.145-4.314 0-2.056-1.854-3.266-3.951-3.266-1.815 0-2.823.726-3.67 1.814-.161.242-.12.525.121.686l.524.403c.202.121.484.08.646-.12.604-.767 1.21-1.17 2.379-1.17 1.613 0 2.338.847 2.338 1.653 0 1.734-3.145 1.492-3.145 4.314a.49.49 0 00.484.484h.645zM12 3.29c4.758 0 8.71 3.912 8.71 8.71A8.7 8.7 0 0112 20.71 8.673 8.673 0 013.29 12 8.699 8.699 0 0112 3.29zM12 2C6.476 2 2 6.516 2 12c0 5.524 4.476 10 10 10 5.484 0 10-4.476 10-10 0-5.484-4.516-10-10-10z\"><\/path><\/svg><\/button><span id=\"nw-aria-ssr-6-10-1\" hidden=\"\" style=\"display:none;position:fixed;left:100%;top:100%\" role=\"dialog\" tabindex=\"0\" data-dialog=\"true\" class=\"_2Dnq6l\" aria-label=\"How is this rating determined?\"><span style=\"font-size:30px;width:1em;height:1em;pointer-events:none;top:100%\" class=\"_3extVD _2piv35\" aria-hidden=\"true\"><\/span><\/p>\n<p>SS&#8217;s ratings are determined by our editorial team. The scoring formula incorporates coverage options, customer experience, customizability, cost and more.<\/p>\n<p><\/span><\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">A rewards rate of 1.67% isn&#8217;t awful, but it&#8217;s mediocre by today&#8217;s standards. And as noted above, there&#8217;s also no sign-up bonus to help you. <\/span><\/p>\n<\/div>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">You can do better on both fronts. <\/span><\/p>\n<\/div>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">The <\/span><span class=\"_28z5Fp _3-to_p\">Wells Fargo Active Cash\u00ae Card<\/span><span class=\"_28z5Fp _3-to_p\">, for instance, earns 2% cash back on all eligible purchases. It also has a bonus offer for new cardholders who can meet the spending requirement: <\/span><span class=\"_28z5Fp _3-to_p\">Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months.<\/span><span class=\"_28z5Fp _3-to_p\"> On top of that, you&#8217;ll get a <\/span><span class=\"_28z5Fp _3-to_p\">0% intro APR on Purchases for 12 months and 0% intro APR on Balance Transfers 12 months from account opening on qualifying balance transfers, and then the ongoing APR of 19.24%, 24.24%, or 29.24% Variable APR<\/span><span class=\"_28z5Fp _3-to_p\">.<\/span><\/p>\n<\/div>\n<div>\n<div class=\"_3VJt4n _3VY1A7\">\n<div class=\"_3wlVa6 _2247K8 _14vxWx _2Ua6RU\" style=\"max-width:160px\">\n<figure class=\"_3ngNGS _2_Pyfm\">\n<div class=\"xkItPk\" style=\"background-color:transparent\">\n<div class=\"_30SBGi x6Nm1J\"><img decoding=\"async\" alt=\"Blue Cash Everyday\u00ae Card from American Express\" class=\"Zsn_9Z\" src=\"https:\/\/www.nerdwallet.com\/cdn-cgi\/image\/width=1800,quality=85\/cdn\/images\/marketplace\/credit_cards\/5ed2eb69-5e8c-4014-b8b7-23c4d600591c\/bfccadb4c5dc3dc5a88464e70bf2c7339280bf494e9c8fad0ee4e5230c465dc4.jpg\"><\/div>\n<\/div>\n<\/figure>\n<div class=\"_2_Pyfm\"><span class=\"_14cHu7 _2BxR5P\">SS rating\u00a0<button type=\"button\" aria-expanded=\"false\" aria-controls=\"nw-aria-ssr-6-14-1\" aria-haspopup=\"dialog\" data-currency=\"PopoverDisclosure\" class=\"_19GC0z\" title=\"How is this rating determined?\"><span class=\"_1Z-QXc\" aria-hidden=\"true\"><\/span><svg viewbox=\"0 0 24 24\" aria-hidden=\"true\" class=\"_2ulGkX\" fill=\"currentcolor\" focusable=\"false\"><path d=\"M12 15.387c-.645 0-1.129.524-1.129 1.13 0 .644.484 1.128 1.129 1.128.605 0 1.129-.484 1.129-1.129 0-.605-.524-1.129-1.129-1.129zm.282-.968a.466.466 0 00.484-.484c0-1.733 3.145-1.612 3.145-4.314 0-2.056-1.854-3.266-3.951-3.266-1.815 0-2.823.726-3.67 1.814-.161.242-.12.525.121.686l.524.403c.202.121.484.08.646-.12.604-.767 1.21-1.17 2.379-1.17 1.613 0 2.338.847 2.338 1.653 0 1.734-3.145 1.492-3.145 4.314a.49.49 0 00.484.484h.645zM12 3.29c4.758 0 8.71 3.912 8.71 8.71A8.7 8.7 0 0112 20.71 8.673 8.673 0 013.29 12 8.699 8.699 0 0112 3.29zM12 2C6.476 2 2 6.516 2 12c0 5.524 4.476 10 10 10 5.484 0 10-4.476 10-10 0-5.484-4.516-10-10-10z\"><\/path><\/svg><\/button><span id=\"nw-aria-ssr-6-14-1\" hidden=\"\" style=\"display:none;position:fixed;left:100%;top:100%\" role=\"dialog\" tabindex=\"0\" data-dialog=\"true\" class=\"_2Dnq6l\" aria-label=\"How is this rating determined?\"><span style=\"font-size:30px;width:1em;height:1em;pointer-events:none;top:100%\" class=\"_3extVD _2piv35\" aria-hidden=\"true\"><\/span><\/p>\n<p>SS&#8217;s ratings are determined by our editorial team. The scoring formula incorporates coverage options, customer experience, customizability, cost and more.<\/p>\n<p><\/span><\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">And if you&#8217;re willing to track bonus categories, consider a card like the <\/span><span class=\"_28z5Fp _3-to_p\">Blue Cash Everyday\u00ae Card from American Express<\/span><span class=\"_28z5Fp _3-to_p\">. It earns 3% cash back at U.S. supermarkets on up to $6,000 spent per year; 3% cash back at U.S. gas stations on up to $6,000 spent per year; 3% cash back on U.S. online retail purchases on up to $6,000 spent per year; and 1% cash back on other purchases. Terms apply. This card also has a welcome offer for new cardholders: <\/span><span class=\"_28z5Fp _3-to_p\">Earn a $200 statement credit after you spend $2,000 in purchases on your new Card within the first 6 months. Terms Apply.<\/span><span class=\"_28z5Fp _3-to_p\"> In addition, if offers a <\/span><span class=\"_28z5Fp _3-to_p\">0% intro APR for 15 months on purchases and balance transfers, and then the ongoing APR of 18.24%-29.24% Variable APR<\/span><span class=\"_28z5Fp _3-to_p\">. Terms apply; see <\/span>rates and fees<span class=\"_28z5Fp _3-to_p\">.<\/span><\/p>\n<\/div>\n<h2 class=\"_3P4ktl zeCuXk _28z5Fp _2w4PM3 _1My7YX\" data-currency=\"Text\"><span class=\"_3P4ktl zeCuXk _28z5Fp _3-to_p\">4. Redemption options are flexibile <\/span><\/h2>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">With the Fifth Third 1.67% Cash\/Back card, you can sign up to receive automatic redemptions to your Fifth Third checking or savings account; you can take the cash back in the form of a paper check or a statement credit to the card; or you can use your rewards to pay down the principal of your Fifth Third mortgage loan. It&#8217;s also possible to redeem your rewards for gift cards and airline tickets. Rewards won&#8217;t expire as long as your card account is open and active.<\/span><\/p>\n<\/div>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">The card&#8217;s option to redeem rewards toward a mortgage is rare, and it can be convenient and useful. Still, you could do the same thing with rewards earned on a 2% cash-back credit card, as long as you don&#8217;t mind taking a few extra manual steps.<\/span><\/p>\n<\/div>\n<h2 class=\"_3P4ktl zeCuXk _28z5Fp _2w4PM3 _1My7YX\" data-currency=\"Text\"><span class=\"_3P4ktl zeCuXk _28z5Fp _3-to_p\">5. The high APR makes carrying balances expensive<\/span><\/h2>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">Rewards credit cards tend to charge high ongoing interest on balances, and the Fifth Third 1.67% Cash\/Back card is no exception. As of this writing, it has an APR that can range nearly as high as 30%, depending on your creditworthiness. <\/span><\/p>\n<\/div>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">Unless you can pay off your credit card bill in full every month to avoid interest charges, it\u2019s not worth putting purchases on this card for the purpose of earning rewards. The cost of interest will far exceed any cash-back value. <\/span><\/p>\n<\/div>\n<div class=\"_3wlVa6 _2247K8\">\n<div>\n<div class=\"_3wlVa6 _2247K8 _3eCw6n\"><span class=\"_28z5Fp _3-to_p\"><span class=\"_98KgO7 _28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">To view rates and fees of the <\/span><span class=\"_28z5Fp _3-to_p\">Blue Cash Everyday\u00ae Card from American Express<\/span><span class=\"_28z5Fp _3-to_p\">, see <\/span><a class=\"_28z5Fp _2JIHTU vLzrnO _3mJuQ4\" href=\"https:\/\/www.americanexpress.com\/us\/credit-cards\/card-application\/apply\/prospect\/terms\/blue-cash-everyday-credit-card\/26129-10-0\/?print#terms-details\" data-currency=\"Link\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><span class=\"_28z5Fp _3-to_p\">this page<\/span><\/a><span class=\"_28z5Fp _3-to_p\">.<\/span><\/span><\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/www.nerdwallet.com\/article\/credit-cards\/fifth-third-1-67-cash-back-card\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>With the Fifth Third 1.67% Cash\/Back card, the value is right there in the name: That flat 1.67% cash-back rate is the figure you get by dividing five by three (or a \u201cfifth third\u201d). It&#8217;s certainly a unique rate and a clever marketing strategy, and it&#8217;s slightly better than the 1.5% flat rate you might<\/p>\n","protected":false},"author":1,"featured_media":10804,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[195],"tags":[136,369,356,238],"class_list":{"0":"post-10803","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-bank","9":"tag-card","10":"tag-cash","11":"tag-credit"},"_links":{"self":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts\/10803","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10803"}],"version-history":[{"count":0,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts\/10803\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/media\/10804"}],"wp:attachment":[{"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10803"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10803"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10803"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}