Truist Enjoy Cash Card Review
Written by Dayana Yochim
Edited by Carolyn Kimball
Fact-checked by Andrea Coombes
Why trust us? Investor.com has no financial relationship with any of the credit card providers whose products we analyze and review. Our opinions are based solely on data and our own extensive independent research — that means unbiased guidance for consumers. Rewards cards in our cashback credit card calculator are listed in descending order according to how much money they pay out annually based on the inputs.
Truist gives you a choice between two just-OK rewards types when you apply. They get 10%-50% better looking, however, if you deposit your cashback earnings into a Truist bank account.
The Truist Enjoy Cash credit offers two ways to earn rewards. The tiered rewards option pays 3% cashback on gas, 2% cashback on groceries and utilities (on up to $1,000 in purchases monthly 👀 ), and 1% on everything else. Option two is earning 1.5% cashback on everything (no spending caps). (We used the 1.5% rewards rate in our calculator.) Frankly, neither are any great shakes unless you’re a Truist customer (the banking love child of BB&T and SunTrust): Redeem your cash rewards into a Truist deposit account and you’ll earn a 10% to 50% rewards booster.
The basics: Choose how you earn rewards when you apply. Earn 3% cash back on gas and 2% on utilities and groceries (with a combined $1,000 monthly spend cap) — and 1% on all other eligible purchases. Or choose to earn 1.5% on all eligible purchases. Heads up! You choose the rewards type when you apply, you just can’t change it later. 0% intro APR on purchases for 12 months after account opening.
Truist Enjoy Cash Credit Card pros and cons
Pros
- Choice of two rewards programs at sign-up — 1.5% flat rate, or 3% on gas and 2% on utilities and groceries
- 10%-50% rewards booster option for Truist customers
- Multiple reward redemption options
- 12-month 0% APR on purchases
- No annual fee
- No foreign transaction fee
Cons
- 3% rate applies to gas... and nothin’ else
- $1,000 monthly spending cap on bonus rewards categories
- Default 1% cashback rate is meh
- The flat-rate rewards option offers just 1.5% cashback
- No sign-up bonus or balance transfer lovin’
- $25 redemption minimum for cashback
- Unredeemed cashback expires after five years
Truist Enjoy Cash Credit Card cashback rewards spending categories
The following table shows the cashback rewards rate per $1 spent in the six most common spending categories. The “Bonus Rate” refers to the amount you can earn in excess of the card’s standard rewards rate.
Some cashback cards limit the spending amount eligible for the bonus rate (a.k.a. the “Spend Cap”). Once you hit that cap (e.g. $1,500 spending in a particular category during a defined time period), the rewards rate on future purchases in that category reverts to the lower “Default Rate.”
| Category | Default Rate | Bonus Rate | Bonus Spend Cap | Bonus Spend Period (Months) |
| Gas | 1.50% | - | - | - |
| Travel | 1.50% | - | - | - |
| Dining | 1.50% | - | - | - |
| Entertainment | 1.50% | - | - | - |
| Pharmacy | 1.50% | - | - | - |
| Groceries | 1.50% | - | - | - |
| Other Purchases | 1.50% | - | - | - |
Note: The table above illustrates the 1.5% unlimited cashback rewards option, which we also use in our rewards calculator. The Truist Enjoy Cash Card also offers the choice to earn 3% cashback on gas, 2% cashback on groceries and utility payments (up to $1,000 in combined monthly purchases) and 1% cashback (no cap) on everything else.
What we like
The most notable selling point of the Truist Enjoy Cash card is its “Loyalty Cash Bonus” program. Cardholders can get a 10% to 50% bump on rewards earnings by funneling the money into a Truist checking, savings or money market account. The amount depends on your combined balance — less than $25,000 gets a 10% bonus and more than $100,000 qualifies for a 50% boost.
There’s no limit to how much you can earn in rewards within the flat-rate, 1.5% cashback program. Same can’t be said for the tiered-rate Truist card, as explained below.
Flexible redemption options include standards like cash back and a credit card statement credit, as well as travel, and gift cards and merchandise from the Truist Rewards Center. (Just be sure to factor in additional fees and a bunch of other fine print for the latter redemption categories.)
Twelve-month 0% APR on purchases and balance transfers sweetens the deal, if you’re into stuff like skirting pesky interest payments.
No annual fee means the cashback you earn starting the day you begin putting charges on the Enjoy Cash card is gravy.
Truist did away with the foreign transaction fee that came with its predecessor’s card, so rest easy when transacting in foreign currencies.
What we don't like
Lacks some of the niceties you’ll find elsewhere, like a sign-up bonus or balance-transfer deal. If you do decide to transfer a balance or get a cash advance, you’ll pay a 3% and 4% fee (or a $10 minimum), respectively.
There’s a $1,000 monthly combined category spending cap on the card’s 3% gas station and 2% supermarkets/utilities rewards categories. That means the max you can earn at the highest rate is $30 a month, or $33 to $45 if you deposit in a Trust account and snag a cash bonus.
After you hit spending caps, all other purchases are subject to a middling 1% rewards rate for the rest of the calendar month. This is when you start whipping out another rewardier rewards card for purchases.
Sorry: Phone equipment, telegraph services (actually specified in the fine print) and insurance premiums are rewarded at the 1% rate.
You’ve got to rack up at least $25 in rewards before you can redeem the money for a statement credit, electronic deposit or check.
Don’t be a slacker: Cash rewards will expire five years from the date issued. Also, as with most cards, you’ll forfeit it if you cancel the credit card before redeeming what you’ve earned.
The bottom line
Is the Truist Enjoy Cash Credit Card the best rewards card for your wallet? The answer depends entirely on your spending patterns. Let the numbers speak for themselves: Use the investor.com Cashback Credit Card Calculator to see which credit card pays back the highest rewards based on how much you spend each month.
Truist Enjoy Cash Credit Card fine print
All the things you need to know about the Truist Enjoy Cash Credit Card rewards program and fees.
Does the Truist Enjoy Cash Credit Card charge an annual fee?
No, there is no annual fee for the Truist Enjoy Cash Credit Card.
Trivia time!
Roughly 14% of the consumer cashback cards we track in our database charge an annual fee. The average annual fee is $72.60, while the median is $95.
Does the Truist Enjoy Cash Credit Card offer a welcome bonus?
No, the Truist Enjoy Cash Credit Card card does not currently offer a welcome bonus.
Fun fact
Of the more than 60 cashback credit cards in our database, 66% offer a welcome bonus. Currently, the average sign-up bonus on a new cashback card is $210.71, with the median being $200.
How much cashback can I earn with the Truist Enjoy Cash Credit Card?
The average American that spends $1000 per month will earn $180.00 in cash back per year using the Truist Enjoy Cash Credit Card. For comparison, the average annual rewards payout from the cashback credit cards in the investor.com database is $191.26, and $180 is the median.
These calculations are based on average consumer spending data from the Bureau of Labor Statistics (BLS) and the reward payout rates from the providers we track. Of course, you’re so much more than an average data point (aka “consumer unit,” in BLS parlance). The amount you can earn in cashback rewards using the Truist Enjoy Cash Credit Card depends entirely on your unique spending habits.
Find out exactly how much you’ll rake in with the Truist Enjoy Cash Credit Card by tailoring the spending inputs in the calculator above.
Methodology
The results of the investor.com Credit Card Rewards Calculator are based on the monthly spending amounts you enter and the annual dollar value of the rewards each credit card program pays per $1 spent. Credit card companies often express this payout amount as a percentage (e.g., 1.5% of every dollar spent) or on a points basis (e.g. ,1.5 points for every dollar spent). We converted all of them to a dollar amount (“Cash Back Per Year”) to make comparing offers easier.
To calculate the amount of cash back you could earn per year, we factored in:
- Spend category inputs: The default dollar values for each “Spend Category” in the Best Cashback Credit Cards tool — gas, groceries, travel, restaurant, entertainment, pharmacy, other — are based on average American spending data from the Consumer Expenditure Surveys from the U.S. Bureau of Labor Statistics. We also include additional spend categories (such as streaming services, online shopping, utilities, transit, Amazon and more) to help you see which rewards cards are most closely aligned with your actual spending patterns. We encourage you to customize the monthly spend inputs for the most accurate results.
- Tiered rewards rates: If a rewards credit card pays higher cashback rates on certain spending categories (also called “Bonus Rewards”), that difference is reflected in the total “Cash Back Per Year” tally.
- Rewards spending caps: Some cards impose category- or time-based limits (monthly, quarterly, annually) that affect the amount of rewards you can earn. For example, a card may pay 3% cash back on groceries on up to $1,000 of spending each quarter, then revert to the base/default rewards rate until the following quarter. We accounted for bonus spending caps and timeframe in the calculations.
- Default rewards rates: Purchases that exceed a spending cap are usually subject to a lower default rewards rate (e.g., 1% or 1.5%). We mathed that out too.
- Annual fees: If a rewards card charges an annual fee, we deducted that amount from the “Cash Back Per Year” total to provide a true accounting of a card’s annual rewards payout.
What’s not included in the “Cash Back Per Year” total is the cash value of any sign-up/introductory bonus. We highlight any Welcome Bonus separately. While sign-up bonuses can be the most lucrative part of getting a new cashback rewards credit card, not everyone will want or be able to do what it takes to earn the extra cash. (It usually requires spending a certain amount in a specified time period after the card is activated.)
Read next
- Best Cashback Credit Cards
- Best Business Cashback Credit Cards
- What Is Credit? (And Why It Matters)
- Best High-Yield Savings Accounts
- Find a Financial Advisor
- Our Complete Coverage of Credit Cards
About the Editorial Team
Dayana Yochim has been writing (articles, books, podcasts, stirring speeches) about personal finance and investing for more than two decades, focusing on bringing clarity and the occasional comedic aside to what is often a murky, humorless topic. She’s written for NerdWallet, The Motley Fool, HerMoney.com, Woman’s Day, Forbes, Newsweek and others, and been a guest expert on "Today," "Good Morning America," CNN, NPR and wherever they’ll hand her a mic.
Carolyn Kimball is Managing Editor for Reink Media Group and the lead editor for content on investor.com. Carolyn has more than 20 years of writing and editing experience at major media outlets including NerdWallet, the Los Angeles Times and the San Jose Mercury News. She specializes in coverage of personal financial products and services, wielding her editing skills to clarify complex (some might say befuddling) topics to help consumers make informed decisions about their money
Andrea Coombes has 20+ years of experience helping people reach their financial goals. Her personal finance articles have appeared in the Wall Street Journal, USA Today, MarketWatch, Forbes, and other publications, and she's shared her expertise on CBS, NPR, "Marketplace," and more. She's been a financial coach and certified consumer credit counselor, and is working on becoming a Certified Financial Planner. She knows that owning pets isn't necessarily the best financial decision; her dog and two cats would argue this point.