In order to choose the best Cash back credit card, you need to first figure out what you’re looking to get out of it. But narrowing down the best cards, out of the hundreds out there, is no small feat. Don’t worry — we’ve done the hard work for you.
We compared a variety of different cards, evaluating them based on their annual fees, APRs, cash back value, and other details, to bring you some of the best cash back credit cards of 2017.
Best for flat-rate cash back rewards
Card overview
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$0 Annual Fee
Fee for maintaining card
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$200 Welcome Offer
As of 08/2017
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1.5% Cash Back
Rewards rate
Barclaycard CashForward™ World Mastercard®
on Barclaycard's website
Summary
If your spending is spread across various categories, the Barclaycard Cashforward Credit card may be the no annual fee cash back card for you.
With a flat 1.5 percent cash back reward for all purchases and a 5 percent redemption bonus for redeeming cash back, Barclaycard CashForward credit card is one of the top cash back cards of 2017.
Get it
The Barclaycard CashForward credit card offers a hassle-free way to earn cash back regardless of your type of spending along with a solid intro cash back bonus as well as a high-performance ongoing redemption bonus.
Key highlights
- $200 in cash rewards when you spend at least $1,000 on your Barclaycard CashForward™ World Mastercard® within 90 days of account opening
- 5 percent bonus each time you redeem cash back, eligible for use toward your next redemption
- 1.5 percent cash back rewards net of credits, returns, and adjustments
- Zero percent APR on purchases and balance transfers for 15 months (note that balance transfers come with a fee). After the introductory period, the rate will go up to variable APR of 15.99, 20.99 or 25.99 percent, depending on creditworthiness
Skip it
While the flat rate 1.5 percent cash back is a relatively high rate, it falls below the rewards rate of cards with bonus categories. If you’re someone who spends significantly on certain categories, such a groceries, or gas, you may be better served by a card that rewards spending on bonus categories rather than one with a high all-around cash back rate.
Is the Barclaycard CashForward credit card for you? Learn more here.
Best for earning cash back with general spending
Card overview
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$0 Annual Fee
Fee for maintaining card
-
$0 Welcome Offer
As of 08/2017
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1% Cash Back
Rewards rate
Citi Double Cash Card
on Citibank's website
Summary
The Citi Double Cash card offers a way for cardholders to earn cash back on all their purchases, with no limits or categories.
Offering 0 percent Intro APR on balance transfers for 18 months (must be made within 4 months of account opening and APR will increase to 14.49-24.49 percent variable APR based on creditworthiness thereafter), the Citi Double Cash card will earn you one percent cash back on every purchase you make, plus an additional one percent cash back when you pay your bill, all with no annual fee.
Get it
If you’re looking for a card that allows you to earn two percent cash back on all your purchases and offers flexible redemption options, the Citi Double Cash card might be worth looking into.
Key highlights
- One percent cash back on all purchases and an additional one percent when you pay off those purchases, as long as you pay the minimum due on each statement
- No limits on how much cash back you can earn
- No rotating categories to keep track of or enroll in
- No annual fee
Skip it
Unlimited cash back is great, but any rewards you earn with the Citi Double Cash will expire if you haven’t earned any cash back for purchases or payments for 12 months, so you have to make sure you use your card regularly to reap its benefits. Also, keep in mind that balance transfers do not qualify for cash back and if you transfer a balance, interest will be charged on your purchases unless you pay your entire balance (including balance transfers) by the due date each month.
The Citi Double Cash card is a great card for cardholders looking to earn unlimited cash back without having to think too much about it. But, is this the right card for you? Learn more here.
The post Best Cash Back Credit Cards of 2017 appeared first on Credible Blog.
