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Valued Contributor
Posts: 1,710
Registered: ‎11-20-2016

Best 5% Cash Back Cards of 2017

If anyone cares-found 2 I didn't know about.

http://www.magnifymoney.com/blog/best-of/10-best-5-cash-back-credit-cards
FICO 08: TU= 786 (May) EQ= 774 (May) EX= 706 (May) Recent Approvals:Huntington Voice $12k/Amex PRG-NPSL Favorites: Discover It, USB Cash+, Amex PRG
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Registered: ‎11-20-2016
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Re: Best 5% Cash Back Cards of 2017

Nice find! I've been looking for an unlimited 5% gas card and the Fort Knox Visa looks intriguing.



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Re: Best 5% Cash Back Cards of 2017

I wonder if it's worth having more than a single 5% card?


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Valued Contributor
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Re: Best 5% Cash Back Cards of 2017

@Sub.... yes. This way like while Discover is on gas and auto for the Quarter Freedom might be on Restaurants and Fast Food and another may be on Amazon and Departmenr Stores. You can maximize the cash back then
FICO 08: TU= 786 (May) EQ= 774 (May) EX= 706 (May) Recent Approvals:Huntington Voice $12k/Amex PRG-NPSL Favorites: Discover It, USB Cash+, Amex PRG
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Re: Best 5% Cash Back Cards of 2017

[ Edited ]

Djgrolyos wrote:
If anyone cares-found 2 I didn't know about.

http://www.magnifymoney.com/blog/best-of/10-best-5-cash-back-credit-cards

Restricted membership and look at the blocked countries where they will not permit Visa Card usage ... never heard of this!

 

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Valued Contributor
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Re: Best 5% Cash Back Cards of 2017

What are you talking about? Which cards have "restricted membership"?
FICO 08: TU= 786 (May) EQ= 774 (May) EX= 706 (May) Recent Approvals:Huntington Voice $12k/Amex PRG-NPSL Favorites: Discover It, USB Cash+, Amex PRG
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Registered: ‎01-01-2017
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Re: Best 5% Cash Back Cards of 2017

From a creditor's perspective, why are there no cards which offer flat unlimited 5% cash back? Is it just too expensive for them to be handing out 5% freely? I guess there's the Amazon Prime card, but that's restricted in the location.

Established Member
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Registered: ‎02-24-2017
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Re: Best 5% Cash Back Cards of 2017

[ Edited ]

mkhan1093 wrote:

From a creditor's perspective, why are there no cards which offer flat unlimited 5% cash back? Is it just too expensive for them to be handing out 5% freely? I guess there's the Amazon Prime card, but that's restricted in the location.


Think about this:

 

You lend me $100 for a month with no interest. A month later, I pay you back $95 and keep the other $5 as 'cash back'.

 

Does this sound like a good deal to you? The creditors might feel the same waySmiley Happy

 

They do get a bit from the exchange fee but the story is similar on a high level.

 

 

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Re: Best 5% Cash Back Cards of 2017


Djgrolyos wrote:
What are you talking about? Which cards have "restricted membership"?

Hmm ... I am puzzled myself. Can not find anything to explain what I found or was talking about. Disregard as irrelevant.

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Re: Best 5% Cash Back Cards of 2017

Lol. I do that too. By the time I am 60 or 70 I'll for sure have no mind left. Smiley Happy
FICO 08: TU= 786 (May) EQ= 774 (May) EX= 706 (May) Recent Approvals:Huntington Voice $12k/Amex PRG-NPSL Favorites: Discover It, USB Cash+, Amex PRG

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