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 2% cash back credit cards
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.
Quick look at 2% cashback cards
Citi® Double Cash Card
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.
PayPal Cashback Mastercard®
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.
Fidelity® Rewards Visa Signature® Card
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.
Alliant Cashback Visa® Signature Credit Card
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 the Citi® Double Cash Card offers a strong intro APR period on balance transfers.
- 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.
- 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.