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Best 5% Cash Back Cards of 2017

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Valued Contributor

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 09 TU= 787 (Aug) EQ= 774 (Aug) EX= 801 (Aug) Favorites: Citi DC, AMEX Gold and U.S. Bank Cash+
9 REPLIES 9
Contributor

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.


Last HP: Nov 2, 2017
Message 2 of 10
Established Contributor

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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Message 3 of 10
Valued Contributor

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 09 TU= 787 (Aug) EQ= 774 (Aug) EX= 801 (Aug) Favorites: Citi DC, AMEX Gold and U.S. Bank Cash+
Message 4 of 10
Moderator Emeritus

Re: Best 5% Cash Back Cards of 2017


@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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Message 5 of 10
Valued Contributor

Re: Best 5% Cash Back Cards of 2017

What are you talking about? Which cards have "restricted membership"?
FICO 09 TU= 787 (Aug) EQ= 774 (Aug) EX= 801 (Aug) Favorites: Citi DC, AMEX Gold and U.S. Bank Cash+
Message 6 of 10
Frequent Contributor

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.

Message 7 of 10
Contributor

Re: Best 5% Cash Back Cards of 2017


@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.

 

 

Message 8 of 10
Moderator Emeritus

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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Message 9 of 10
Valued Contributor

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 09 TU= 787 (Aug) EQ= 774 (Aug) EX= 801 (Aug) Favorites: Citi DC, AMEX Gold and U.S. Bank Cash+
Message 10 of 10
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