An unannounced but lucrative cashback card
An unannounced but lucrative cashback card

The Shop Your Way Mastercard® will offer an even higher welcome bonus through January 28, 2023: Cardholders will receive a $75 credit for every $500 spent in the first 90 days. Promotions are capped at $225 in reports, which cost $1,500. This is an attractive proposition.

Typically, $200 is a generous introductory bonus for a cash back card with no annual fee. Bank Cash+® Visa Signature® Card, Capital One Quicksilver Cash Rewards Credit Card, Citi Custom Cash℠ Card, Bank of America® Customized Cash Rewards Credit Card, and American Express Blue Cash Everyday® Card.

Note that almost all of these cards have lower spending limits: $1,000 over three months with Active Cash, $1,000 over 120 days with the Cash+ Card, $500 over three months with Quicksilver, and $750 over three months with Custom Cash , 90 days on a $1,000 Custom Cash Rewards Card and $2,000 within 6 months on Blue Cash Everyday.


Still, it’s tempting to trade $1,500 for $225 for 90 days with the Shop Your Way Mastercard. Get instant 15% back, not even including the card’s standard bonus tier. And these are fascinating too.

Continuous reward

Shop Your Way cardholders earn 5% (in points) on eligible purchases at gas stations and 3% (in points) on eligible purchases at grocery stores and restaurants. The total spending limit for these three bonus categories is $10,000 per year. Cardholders receive unlimited 2% (per points) on eligible purchases at Shop Your Way retailers such as Sears, Kmart, Sears Hometown Stores and Sears Home Services. All other purchases have a 1% earn rate (also in points).

These points essentially represent cash back that can be redeemed for gift cards or purchases at Sears. There are hundreds of gift cards to choose from, including Applebee’s, Banana Republic, CVS,, Lowe’s, Pottery Barn, Uber and many other retailers. The two exceptions are rewards for purchases made through Sears and Kmart; these must be redeemed for future purchases from these brands.

The $10,000 cap on gas, groceries, and restaurant rewards is very generous. The average American household spends $1,568 a year on gas, $4,942 on groceries and $2,375 on restaurants, according to the latest data from the U.S. Bureau of Labor Statistics. Total $8,885.


With a 5% rewards rate (measured in points), the Shop Your Way Mastercard is one of the best gas credit cards. This is especially important for natural gas prices, which are currently at historically high levels. It’s rare to get 3% cash back on grocery and restaurant purchases with the same card. These are popular categories that are also experiencing rapid inflation.

Other prominent alternatives

The Chase Freedom Unlimited® and Chase Freedom Flex℠ Cards are worthy contenders because they each offer a $200 bonus after a new cardholder spends $500 in the first three months, and they offer a bonus for every new cardholder People are offered 5% cash back on gas purchases up to $6,000. the first year. Please note that this welcome offer is only available to those applying directly through Chase.


Freedom Unlimited’s standard rewards are 5% cash back on travel purchased through Chase Ultimate Rewards, 3% cash back at restaurants and pharmacies, and 1.5% cash back on everything else.

Freedom Flex has the same travel, restaurant, and drugstore categories, plus a quarterly rotating category that earns 5% cash back. Activation required, this rate applies to quarterly spend up to $1,500. Cardholders will receive 1% cash back on subsequent and all other purchases.

These are two of my favorite no-annual-fee cashback cards, but the Shop Your Way Mastercard is also a sneaky contender. The 5% yield on gas is more than the first year, plus the 3% return on the grocery store is a good deal. The cards actually complement each other quite well.

Final result

The Shop Your Way Mastercard is unknown, probably mainly because of its association with some retail brands that have struggled for years, but it’s more than just a credit card. It’s actually a very solid and versatile cashback card.

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Jake Smith

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Jake Smith

He is the editor of Eragoncred. Previously, he was editor-in-chief of Eragoncred and a financial industry reporter. Jake has spent most of his career as a Digital Media journalist and has over 10 years of experience as a writer and editor.