This cash-back card currently awards 5.3% back on gas

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As the year begins to wind down and the holiday season approaches, now might be the perfect time to add a cash-back credit card to your wallet and begin earning valuable rewards on your upcoming purchases. And if you’re thinking about doing this, you should know about a great option with easy-to-redeem rewards for your everyday expenses.

The Fifth Third 1.67% Cash/Back Card from Fifth Third Bank earns unlimited cash back on purchases with no rotating categories and no annual fee — and your rewards never expire. There’s no minimum required to redeem your cash back, and you can even elect to have it deposited directly into your checking account (more on that later).

Even better: From now until Dec. 31, cardholders can earn 5.3% back on gas purchases, making it a great time to apply for the Fifth Third 1.67% Cash/Back Card.

Here’s everything you need to know about this cash-back card.

Unlimited 1.67% cash back on every purchase

The Fifth Third 1.67% Cash/Back Card earns an unlimited 1.67% back on every $1 purchase. Qualified purchases of less (or more) than $1 — but not quite $2 – will earn rewards rounded to the nearest dollar.

There’s no cap on how much you can earn back on this no-annual-fee card, and there’s no minimum rewards balance to redeem those rewards. You can, however, enroll in automatic redemptions. In fact, you have the option to sign up to redeem your full balance each month — down to the penny. This auto-redemption occurs around the second Monday of each month.

Your rewards never expire as long as your card is open, so you never have to feel pressure to apply them to your statement before you’re ready.

Speaking of redeeming …

Deposit cash back directly into your account

Many cash-back credit cards only allow rewards to be redeemed for statement credits on a monthly bill. But the Fifth Third 1.67% Cash/Back Card allows you to choose how you’d like to redeem your cash back:

The same rules detailed above will apply no matter which option you choose. There’s no cap on how much you can earn, your rewards will never expire and you can redeem as much (or as little) of your rewards as you want.

Earn 5.3% cash back on gas for a limited time

In addition to unlimited 1.67% cash back earned on every dollar spent on qualified purchases, cardholders can also earn 5.3% cash back on gas purchases for a limited time. That can go a long way in saving at the pump this year as we start to see gas prices slowly begin to increase again.

Existing cardholders will enjoy this elevated earning rate through Dec. 31, 2022. However, if you apply by that date, you’ll have access to 5.3% back on gas for 90 days from the account opening date.

As an example of how lucrative this can be, let’s say you typically spend $200 per month on gas. If you get the Fifth Third 1.67% Cash/Back Card today, that’s over $30 back in your pocket in the first 90 days.

But don’t wait — this 5.3% bonus is only available for those who apply by Dec. 31.

Related: Beat high gas prices on your next road trip: 6 ways to save at the pump

Bottom line

The Fifth Third 1.67% Cash/Back Card earns cardholders unlimited 1.67% cash back on all purchases with no annual fee. Rewards never expire, and there’s no minimum required to redeem your cash back. Rewards can be redeemed as a statement credit or deposited directly into your Fifth Third checking or savings account.

From now until Dec. 31, cardholders can also earn 5.3% cash back on gas purchases made with their card.

Don’t miss out on this offer — apply today.

Fifth Third Bank, National Association. Member FDIC.