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Compare 2% cash back credit cards

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

Updated . What changed?

Fact checked

Our pick for cashback with no annual fee: Blue Cash Everyday® Card from American Express

Blue Cash Everyday® Card from American Express logo

Up to 20%

Cash back

  • Two welcome offers worth up to $300 combined
  • Everyday cash back on groceries, gas and at select department stores
  • No annual fee
Apply now
See rates & fees

The 2% cashback credit card is a special breed. This type of card rarely offers a signup bonus or an intro APR period on purchases, but lets 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 a 2% cashback card shines in the long run.

Consider these 2% cashback credit cards

A 2% cashback credit card, like those listed below, will let you earn unlimited cash back on all of your purchases.

Best for balance transfers
Citi® Double Cash Card

Citi® Double Cash Card logo
Finder Rating: 3.8 / 5

★★★★★

Credit recommended (740-850)
Apply now
on Citi's secure site
740
Min. credit score
$0
Annual fee
Up to 2%
Cash back
n/a
Welcome offer
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.
  • Intro APR period on balance transfers. Enjoy an intro APR for the first 18 months following your account opening on balance transfers. After that, a variable APR of 13.99% to 23.99% applies.
  • Cash back. Earn 1% back on everything you buy, then earn an additional 1% back when you pay your balance for double the cash back. Redeem for statement credit or checks.
  • Citi Entertainment. Get special access for buying presale tickets or VIP packages for concerts, sports events, dining and more.
  • No annual fee. You won't pay an annual fee to own the card.
Annual Fee $0
Purchase APR 13.99% to 23.99% variable
Balance transfer APR 0% intro for the first 18 months (then 13.99% to 23.99% variable)
Welcome offer N/A
Rewards Up to 2% cash back on purchases (1% when you buy plus 1% as you pay)

Best for PayPal users
PayPal Cashback Mastercard®

PayPal Cashback Mastercard® logo
Credit recommended (740-850)
Read review
Rates & fees

740
Min. credit score
$0
Annual fee
Up to 2%
Cash back
n/a
Welcome offer
With the PayPal Cashback Mastercard®, you earn unlimited cash back on all of your purchases. There's no minimum redemption threshold, meaning you can redeem any amount at any time after it becomes available.
  • Cash back. Get unlimited 2 cash back on everything you buy, including PayPal and eBay purchases.
  • Easy rewards redemption. Redeem your cashback rewards to your PayPal balance. There's no minimum and you can redeem any time after they become available.
  • No foreign transaction fees. Use your card freely when traveling outside of the US and you won't pay any foreign transaction fees.
  • No annual fee. You get all these perks without paying an annual fee.
Annual Fee $0
Purchase APR 19.99%, 23.99% or 26.99% variable
Balance transfer APR N/A
Welcome offer N/A
Rewards 2% cash back on all purchases

Best for Fidelity investors
Fidelity® Rewards Visa Signature® Card

Fidelity® Rewards Visa Signature® Card logo
Credit recommended (670-850)
Read review
670
Min. credit score
$0
Annual fee
Up to 2x
Points

Welcome offer
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 such as concierge services, emergency cash, card replacements and more.

  • Rewards points. Earn unlimited 2x points on everything you buy. Redeem your points for cash deposits - each point worth one cent - in up to five Fidelity accounts. You can also redeem points for travel, merchandise, gift cards and statement credit. But the value of points may differ for certain redemption options.
  • Link to your Fidelity accounts. Deposit your rewards into one Fidelity account or divide them between accounts. Eligible Fidelity accounts include a Brokerage account, Fidelity Cash Management Account, Fidelity-managed 529 College Savings plan, Retirement account, Fidelity Go account, Fidelity Charitable Giving Account and Fidelity HSA.
  • Travel benefits. Enjoy Visa Signature perks such as 24/7 concierge service and Signature privileges, car rental collision damage waiver, emergency cash and card replacement, travel and emergency assistance services, lost luggage reimbursement, travel accident insurance and roadside dispatch.
  • No penalty APR. With other cards, you can incur a penalty APR of up to 31% for late payments, but not with this one.
  • No annual fee. There's no annual fee to own the card.
Annual Fee $0
Purchase APR 13.99% variable
Balance transfer APR 13.99% variable
Welcome offer
Rewards 2x points on all purchases

Best for big spenders
Alliant Cashback Visa® Signature Credit Card

Alliant Cashback Visa® Signature Credit Card logo
Credit recommended (670-850)
Read review
670
Min. credit score
$99 ongoing
Annual fee
Up to 2.5%
Cash back
n/a
Welcome offer
The Alliant Cashback Visa® Signature Credit Card can be a great choice for those who spend anywhere between $20,000 to $50,000 or more annually with their card. With this card, you get to earn one of the highest cashback rates on all purchases. In addition, you get Visa Signature travel perks and you won't pay an extra fee when using your card abroad.
  • Cash back. Earn unlimited 2.5 back on all purchases. Redeem as a statement credit or a deposit to your Alliant checking or savings account.
  • No foreign transaction fee. Use this card freely when traveling outside of the US and you won't pay any foreign transaction fees.
  • Visa Signature benefits. Get travel accident coverage, car rental collision damage waiver, roadside assistance, ID theft protection and more.
  • Low APR. The card comes with a relatively low APR of 12.24% to 22.24% variable.
Annual Fee $0 intro annual fee for the first year ($99 thereafter)
Purchase APR 12.24% to 22.24% variable
Balance transfer APR 12.24% to 22.24% variable
Welcome offer N/A
Rewards 2.5% cash back with no categories to track

How we selected our top cards

When choosing this year’s top 2% cash back credit cards, we compared a number of factors among eligible cards, including purchase and balance transfer APR, annual fee and any additional rewards or perks offered. We highlighted cards that stood out in one or more of these categories.

What’s changed in 2020

With so few 2% cash back credit cards to choose from, our list remains unchanged for 2019 compared to other cash back offerings.

Compare 2% cash back credit cards

Name Product Welcome offer Rewards Annual fee Filter values
Blue Cash Everyday® Card from American Express
20% at Amazon.com up to $200 back in the first 6 months, plus $100 after spending $1,000 in the same timeframe
20% at Amazon.com up to $200 back in the first 6 months, 2% at US gas stations and select US department stores, 3% at US supermarkets on up to $6,000 per year, then 1% after that and on all other purchases
$0
This everyday cashback card is ideal for Black Friday and holiday shopping with 20% back at Amazon.com up to $200 back in the first 6 months. Rates & fees
Citi® Double Cash Card
N/A
Up to 2% cash back on purchases (1% when you buy plus 1% as you pay)
$0
Earn up to 2% on every purchase with no annual fee. This is the highest flat-rate cashback card on the market.
Costco Anywhere Visa® Card by Citi
N/A
4% at gas stations on up to $7,000 annually (then 1%), 3% at restaurants and on travel, 2% at Costco and 1% on all other purchases
$0
An impressive cashback card that offers up to 4% back on everyday purchases like gas, travel and dining all for the cost of a Costco membership.
CardMatch™ from creditcards.com
See terms
See terms
See terms
Use the CardMatch tool to find cards you're likely to qualify for with your credit score, without a hard pull on your credit.
PayPal Cashback Mastercard®
N/A
2% cash back on all purchases
$0
Earn 2% cash back on all purchases. Rates & fees
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Compare up to 4 providers

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 the Citi® Double Cash Card offers a strong intro APR period on balance transfers.
  • Do you plan on carrying a balance? If so, you’ll want to look at cash back cards with lower purchase APRs to avoid accruing interest that could offset your rewards.
  • Do you frequently use PayPal? The PayPal Cashback Mastercard® could be a good card for you. All of the cash back you earn will be applied to your PayPal account balance and you can use it however you want. This could also be a great choice for those who run their small business transactions through PayPal.
  • 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 big? If so, 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.

Should I get a 2% cash back credit card?

A 2% cash back credit card is a step above the industry standard of 1.5%. However, they’re fairly uncommon as far as cash back credit cards go, so you’ll find yourself with a fairly limited selection of cards if you stick to just 2% cash back.

Not only that, but there are a variety of other rewards cards out there, including cash back cards with even greater earning potential. Here are a few questions to ask yourself when deciding on a 2% cash back credit card:

  • Do you spend more in a particular category? A flat 2% cash back card’s strength is in its reliability. No matter what you spend on, you’ll receive the same reward bonus. However, if you’re someone who spends a higher proportion on certain purchases, such as gas or groceries, you might consider a card that rewards categorical spending. Some of these cards can let you earn as much as 3% cash back or more.
  • Do you travel? Travel rewards cards are famously valuable for those who travel enough to make good use of them. If you’re a frequent traveler, you might find the rewards and perks of an airline or hotel card far outweigh the cash back of a 2% cash back credit card.
  • Do you prefer simplicity? If you don’t like to worry about annual fees, limitations on earning or other nitty gritty credit card details, a 2% credit card could prove the perfect sweet spot for fire-and-forget rewards.

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.

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