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Oct 11 2017

Best Cash Back Credit Cards for 2017 #best #credit #card #cash #back #offers

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NextAdvisor’s

Best Cash Back Credit Cards

Cash back credit cards give you a percentage back in cash for purchases you make with the card. Some earn a flat cash back rate for everything you buy, while others earn up to 6% back for certain types of purchases, like groceries. Plus, most of the best cash back credit cards we review offer intro bonuses of at least $100 for spending a certain amount of money on purchases within the first few months. To find a card that is right for you, use our free Personalized Cash Back Calculator by clicking the button below, or see our list of the best cash back credit cards we’ve reviewed below.

6% cash back at U.S. supermarkets on up to $6K in purchases; $150 intro bonus; Terms apply.

Earn 6% cash back at US supermarkets (up to $6K), 3% back on US gas & select US dept stores; 1% back on other purchases. $150 intro bonus after spending $1K in first 3 mos. Terms apply.

Special Offer: $0 intro annual fee for the first year of Card Membership, then $95.

Additional Rates & Fees

  • Balance Transfer APR: 13.99%-24.99% Variable, based on creditworthiness.
  • Balance Transfer Fee: Either $5 or 3% of the amount of each transfer, whichever is greater.
  • Foreign Transaction Fee: 2.7% of each transaction after conversion to US dollars.
  • Late Payment Fee: Up to $38
  • Cash Advance Fee: Either $5 or 3% of the amount of each cash advance, whichever is greater.
  • APR for Cash Advances: 26.24%
  • Penalty APR: 29.99%
  • Returned Payment Fee: Up to $38.

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Advertiser Disclosure

Advertiser Disclosure . NextAdvisor is a consumer information site that offers free reviews and ratings of online services. Many of the companies whose services we review provide us compensation when someone who clicks from our site becomes their customer. This is how we make money to support our site. The results of our analyses, calculators, reviews and ratings are based on objective quantitative and qualitative evaluation of all the cards on our site and are not affected by any compensation NextAdvisor may receive. Compensation may impact which products we review and write about and where those products appear. We do not review all products in a given category. All opinions expressed on this site are our own.

Cash back credit cards are a great and easy way to earn extra money just by paying with your credit card. However, determining the best cash back card for your particular spending habits can be an almost impossible task due to the complexity of most card calculations. Extra earnings for common category purchases like gas or groceries, quarterly rotating extra cash-back categories, and annual earnings limits are just a few of the obstacles card issuers throw at you. But rest easy we’ve done the heavy lifting to help you figure out exactly which cash back card is best for you.

How We Calculated the Earnings

We based the cash back earnings of each card in our analysis on actual user data we’ve collected over the last 15 months. Real-life users of our Cash Back Calculator told us that on a monthly basis they spend $300 on groceries, $180 on gas, $150 on dining out, $25 at department stores and $444 on everything else. We used this spend breakdown to determine the initial cash back card rankings.

After making these assumptions, we used each credit card’s earning percentages to calculate how much money the average cardholder could expect to earn annually. We included any cash back bonus offers, deducted any annual fees and kept in mind any earning limitations. Two years worth of calculations were done one for Year One which includes any extra cash back bonuses the card might offer, and one for Year Two during which time these extra cash back bonuses wouldn’t apply. The formulas for each of these are below.

  • Year One Total Cashback = Cashback Earned + Year One Cashback Bonus – Annual Fee
  • Year Two Total Cashback = Cashback Earned – Annual Fee

Cash Back Calculator

Enter your monthly spending in each category below.

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