Fifth Third Preferred Cash/Back Review | MaxRewards

Fifth Third Preferred Cash/Back

Built for cardholders who want uncomplicated cash back, the Fifth Third Preferred Cash/Back is a simple everyday card with one clear job: earning 2% back on purchases without tracking categories or paying an annual fee. It makes the most sense for someone who values consistency over extras and wants a straightforward card for regular spending.

Annual Fee

Rec. Credit Score

Excellent

Good For

Simple flat-rate cash back

How to Apply

All information about Fifth Third Preferred Cash/Back has been collected independently by MaxRewards. Fifth Third Preferred Cash/Back is no longer available through MaxRewards.

Is the Fifth Third Preferred Cash/Back worth it?

This card is great for...

Everyday purchases

One-card spending

No-annual-fee cash back

Yes, if your priority is a no-annual-fee card that pays a solid flat 2% cash back on everything. That setup works well for households that want one easy card for groceries, gas, bills, online shopping, and other day-to-day spending without juggling bonus categories.

The tradeoff is that there is not much beyond the earn rate. There is no welcome bonus listed, and no notable benefits to help separate it from other 2% cash-back cards. If you simply want dependable cash back and do not care about travel perks or rotating categories, it is a good fit. If you want stronger intro offers, protections, or extra card features, you will likely find more value elsewhere.

MaxRewards Verdict

The Fifth Third Preferred Cash/Back fits a straightforward spender who wants 2% back on everything and no annual fee to think about. Its main limitation is that the card relies almost entirely on that flat rewards rate, with few extras to add value.

Rewards

This card keeps rewards easy: every eligible purchase earns the same cash-back rate. That makes it simple to estimate your return and use the card broadly instead of saving it for a few specific categories.

CategoryEst. yearly spendRateRewards

Everywhere

Est. yearly spend

Rate2%

Rewards

Est. Annual Rewards

Recommended Minimum Credit

Min: Excellent

Poor

Fair

Good

Excellent

Excellent credit or higher is recommended for this card.

Credit approval is not guaranteed. Meeting the recommended credit range does not ensure approval, and applicants with lower scores may still be considered.