For anyone who is looking for a cash back credit card, we have compiled this short but helpful list and written in-depth reviews of the best cash back credit cards for 2017. There are four categories presented below. Let’s go over each one.
- Citi Double as the best card for flat rate rewards.
- Chase Freedom as the best card for
- QuicksilverOne as the best card for average credit.
- American Express Blue as the best card for everyday spending.
Citi Double Cash Card
- No annual fee.
- Earn 1% cash back on purchases.
- When you pay them off there’s an additional 1% back. This means you get to earn cash back twice on every purchase.
- For 18 months, there is an introductory APR of 0% on balance transfers, and then the ongoing APR Variable is at 24% – 23.24%.
- Balance transfers do not earn cash back.
- No cash back caps.
- There are no categories to track.
The Citi Double Cash is better that what most of the competition is offering, because of the high total cash back rate: 1% when you make a purchase and 1% when you pay it off. This card is especially valuable when the balance is paid off monthly. Consider it when choosing the best credit card with cash back for 2017.
Chase Freedom Credit Card
- No annual fee.
- 5% cash back on a maximum of $1,500 in spending.
- Quarterly rotating bonus categories.
- Automatically earn unlimited 1% cash back on all other purchases.
- In the first 3 months from account opening, a $150 bonus can be earned after $500 in purchases.
- 0% Intro APR for 15 months on purchases and balance transfers.
- Ongoing APR of 14.24%-23.24% variable.
- 3% foreign transaction fee.
- The balance transfer fee is 5% of the amount you transfer, with a $5 minimum.
- Every 3 months earn 5% on new categories like gas stations, restaurants, etc.
- As long as your account remains open, cash back rewards have no expiration date.
Chase Freedom Credit Card is very reliable and truly one of the best cash back credit cards to choose for 2017. This card offers rotating bonus categories for the most general household expenses, and cash back rewards do not expire. However, it is not very suitable for traveling, but we have some great travel credit cards for 2017 for you to check out.
Capital One Quicksilver One
- $39 annual fee.
- Earn unlimited 1.5% cash back on every purchase.
- For 9 months, 0% intro APR on purchases and balance transfers.
- Ongoing APR of 23.24% variable.
- There are no foreign transaction fees.
- After you make your first 5 monthly payments on time, you get access to a higher credit line.
- No sign up required.
- No rotating categories to earn cash rewards.
- Cash back doesn’t expire.
- Fraud coverage for lost or stolen cards.
Capital One targets those that have a less than perfect credit score, and this card offers a very competitive 1.5% reward rate. Make payments on time, and one can see their credit limit go up. This is one of the best cash back credit cards to use in 2017 for those that have a fair credit score.
American Express Blue
- $95 annual fee.
- There is no enrollment requirement.
- There are no rotating reward categories.
- Introductory APR of 0% on purchases and balance transfers for 12 months.
- Within the first 3 months, you can earn $150 back after you spend $1,000 in purchases.
- Cash back is received as reward dollars one can redeem as a statement credit.
- Everyday cash back 6% at US supermarkets to a maximum of $6,000 per year in purchases, dropping to 1%-3% at US gas stations, 1% other purchases.
- Special offer: eligible travel purchases in the first 6 months earn 5% cash back, up to $200.
- Purchases on your new card within the first 3 months will earn $150 back after you spend $1,000.
- Ongoing APR of 13.24%-23.24% variable.
- 7% foreign transaction fee.
American Express Blue card earns 6%, and there is no cap on the 3% one can get at the gas pumps. If you are okay with the annual fee, this is a decent cash back card to have.
Final thoughts on choosing the best cash back credit card for 2017
These credit cards were chosen because they represent the best value to the consumer in a specific category. To summarize the benefits of the cash back cards we discussed, Capital One Quicksilver One gets you the best value for average credit, Chase Freedom offers the best value in bonuses, Blue Cash offers the best value for everyday spending, and Citi Double Cash Card has the best value for flat rate rewards. Overall, each option on our list of the best cash back credit cards for 2017 is good in its own right, so just pick the one that suits your preferences.
Which card would you choose? Tell us in the comments below and check out 3 credit cards for bad credit and our ultimate list of 9 best travel credit cards for 2017.