Top 2% cashback credit cards | finder.com
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Top 2% cash back credit cards — December 2018

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A solid choice if you’re looking for long-term value.

The 2% cashback credit cards are a special breed. They rarely offer a signup bonus or an intro APR period on purchases, but they let you earn high cash back on everything you buy. For some, this may not be enough if there isn’t a bonus early on. However, the value of 2% cashback cards comes out in the long run.

Our pick for higher cash back: Blue Cash Everyday® Card from American Express

  • $150 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months.
  • 3% cash back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%).
  • 2% cash back at U.S. gas stations and at select U.S. department stores, 1% back on other purchases.
  • Low intro APR: 0% for 15 months on purchases and balance transfers, then a variable rate, currently 14.99% to 25.99%.
  • Over 1.5 million more places in the U.S. started accepting American Express® Cards in 2017.
  • Cash back is received in the form of Reward Dollars that can be easily redeemed for statement credits, gift cards, and merchandise.
  • No annual fee.
  • Terms Apply.
  • See Rates & Fees
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Compare top 2% cash back credit cards

Name Product Filter values Annual Fee APR for Purchases (Purchase Rate) Intro APR for Balance Transfer
$0
14.99% to 25.99% variable
0% for the first 15 months (then 14.99% to 25.99% variable)
Earn a $150 bonus statement credit after you spend $1,000 on purchases in the first 3 months. Rates & Fees
$0
15.49% to 25.49% variable
0% for the first 18 months (then 15.49% to 25.49% variable)
Earn 1% cash back when you pay off your card, on top of the 1% cash back you earn when you make purchases. No annual fee.
$0
21.99%, 25.99% or 28.99% variable
Turn your everyday purchases into 2% cash back with the PayPal Cashback Mastercard®
$0 annual fee for the first year ($59 thereafter)
12.24% to 15.24% variable
3% cash back on all purchases your first card year, then 2.5% cash back on all purchases starting your second card year.
$0
14.49% to 26.99% variable
0% for the first 12 months (then 14.49% to 26.99% variable)
Get 30,000 bonus points when you spend $3,000 in purchases in the first 3 months.

Compare up to 4 providers

Best 2% cashback credit cards

A 2% cashback credit card lets you earn unlimited cash back on all of your purchases without paying an annual fee (or almost).

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Best 2% cashback credit cards

Best for balance transfers: Citi® Double Cash Card

Citi® Double Cash Card

Earn 1% cash back when you pay off your card, on top of the 1% cash back you earn when you make purchases. No annual fee.

Promoted
The Citi® Double Cash Card can be a solid choice if you’re looking to move your balance from another card with a high APR to save on interest. You earn high cash back for every purchase you make, and you won’t pay an annual fee.

Best credit card for PayPal users: PayPal Cashback Mastercard®

PayPal Cashback Mastercard®

With the PayPal Cashback Mastercard®, you earn unlimited cash back on all of your purchases. And the great thing is — there’s no minimum redemption threshold. You can redeem any amount at any time after it becomes available.

Best credit card for a long-term reward: Fidelity Rewards Visa Signature Card

Fidelity Rewards Visa Signature Card

Earn unlimited 2% cash back on on all purchases, with no annual fee.

Promoted

If you already own a Fidelity account, the Fidelity Rewards Visa Signature Card card can be a solid addition to your wallet. Its primary feature is the unlimited cash back on all of your purchases. And if you redeem your earnings into an eligible Fidelity account — such as a Fidelity-managed 529 College Savings plan or a Fidelity Retirement account — you can add to your investments.

You also get Visa Signature perks like concierge service, emergency cash, card replacement and more.

Best credit card for big spenders: Alliant Cashback Visa® Signature Credit Card

Alliant Cashback Visa® Signature Credit Card

3% cash back on all purchases your first card year, then 2.5% cash back on all purchases starting your second card year.

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The Alliant Cashback Visa® Signature Credit Card can be a great choice for those who spend anywhere between $12,000 to $50,000 annually with their card. Instead of a signup bonus, you get accelerated cash back on everything you buy for your first year. In addition, you get Visa Signature travel perks and you won’t pay an extra fee when using your card abroad.

How to compare 2% cashback credit cards

If you’re only looking to get unlimited 2% cash back on all of your purchases, any of these cards would work. But to find the right fit for your financial needs, consider the following:

  • Do you need to make a balance transfer? If that’s the case — at 18 months — the Citi® Double Cash Card offers one of the longest intro APR periods on balance transfers that you’ll find.
  • Do you frequently use PayPal? The PayPal Cashback Mastercard® would be the best choice. All of the cash back you earn will be applied to your PayPal account balance, and you can use it however you want.
  • Do you want to see your rewards grow? The Fidelity Rewards Visa Signature Card lets you deposit your cash back in up to five of their eligible accounts. This includes retirement or college savings accounts. If you’re not in a hurry to use your rewards, deposit them in such an account and watch your money grow.
  • Do you spend between $12,000 and $50,000 annually? The Alliant Cashback Visa® Signature Credit Card would earn you the highest rewards the more you spend, especially during your first year of card membership.

Bottom line

2% cashback credit cards are designed for long-term use, which is why they don’t typically come with a signup bonus. But if you plan to keep one of them, they’ll earn more than a 1.5% cashback card that has a signup bonus.

If you’re not sure if any of these cards would work for you, consider other cashback credit cards and compare your options until you find the right card.

Frequently asked questions

Kliment Dukovski

Kliment Dukovski is a writer who specializes in global financial markets and personal finance, with a focus on credit cards. His main goal is to deliver honest and accurate information to help you make the right financial decision. When he's not writing about finance-related subjects, he writes sci-fi stories.

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Important Information*
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US Credit Card Offers

Important Information*
Deserve® Classic Card
Deserve® Classic Card

APR

24.49
variable

Annual fee

0 For the first year
More info
Luxury Card Mastercard® Gold Card™
Luxury Card Mastercard® Gold Card™

APR

16.74
variable

Annual fee

995 For the first year
More info
First Access Visa Card®
First Access Visa Card®

APR

29.99
variable

Annual fee

75 For the first year
More info
Indigo® Platinum Mastercard® Credit Card
Indigo® Platinum Mastercard® Credit Card

APR

23.9
variable

Annual fee

75 For the first year
More info
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