Best 5% Cash Back Cards of 2017

Anonymous · ‎02-02-2017

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

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

Anonymous · ‎02-03-2017

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

Subexistence · ‎02-03-2017

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

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Anonymous · ‎02-03-2017

@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

Anonymous · ‎02-03-2017

@Anonymous 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!

DISREGARD this post!

Anonymous · ‎02-03-2017

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

mkhan1093 · ‎03-17-2017

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.

Anonymous · ‎04-08-2017

@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 way

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

Anonymous · ‎04-08-2017

@Anonymous 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.

Anonymous · ‎04-09-2017

Lol. I do that too. By the time I am 60 or 70 I'll for sure have no mind left.