The renewal comes ahead of the season four debut of the show on March 4.
The streaming service also announced that showrunner Beau Willimon will not return, according to The Hollywood Reporter.
"Prior to its fourth-season premiere, Netflix and (producers) Media Rights Capital are thrilled to announce that House of Cards will return for a fifth season in 2017. Concurrent with the renewal, creator and showrunner Beau Willimon is departing the critically acclaimed series," Netflix said Thursday in a statement.
Willimon said it was time for him to move on to "new endeavors".
"After five years and four seasons, it's time for me to move on to new endeavors, but I'm supremely proud of what we've built together, wish the show much continued success, and leave it in the hands of a very capable team."
Willimon adapted House of Cards from the BBC miniseries of the same name with Hollywood star Kevin Spacey in a stunning performance as the Machiavellian politician and his equally manipulative wife Claire, who has been impressively portrayed by Robin Wright.
