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 even higher cash back
Blue Cash Everyday® Card from American Express
Compare top 2% cash back credit cards
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 CardRead more
Best credit card for PayPal users: 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.
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.
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. 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 $20,000 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.
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.