Top 6 Credit Cards that Pay 2% Cash Back on All Purchases
You might think that 2% doesn’t sound like a lot of cashback, but you’ll be surprised how much money you see returning to your wallet. The following cards will all give you 2% cash back on every single purchase you make, no matter where you shop. There are no caps or confusing rotating categories – just unlimited 2% rewards.
1. Capital One® Venture® Rewards Credit Card
Rewards: Earn 2 Points for every $1 spent
Annual Fee: $0 for the first year, then $95 annually
This is a great card to use if you want to use your rewards to travel. You can use your points to pay for airfare, hotels, car rentals, and even subway fares. For new cardholders, Capital One is offering a 50,000-point bonus if you spend $3,000 during the first three months of opening your account. Each point is worth $0.01 when spent on travel, so this is truly a 2% card. However, if you use the rewards to spend on anything else but travel, they are worth half of that amount.
2. Discover It® Cashback Match™
Rewards: 2% Cashback on everything and 5% on selected categories
Annual Fee: $0
This card isn’t a standard 2% cashback card, but you’ll still get all of your cashback – and more. All cashback you earn during the first year is doubled after you’ve had the card for a year. This means that you earn 1% on all purchases, which doubles to 2%. Also, you can earn 5% when spending on selected categories, which will become a huge 10%. Another perk of this card is that it has an introductory rate of 0% APR for the first 14 months.
3. Alliant Cashback Visa® Signature Card
Rewards: 3% cash back for one year, then 2.5% after that
Annual Fee: $0 for the first year, then $59 annually
It’s unlikely that you’ll find a credit card with a higher everyday rewards program than 3% cash back. This drops to 2.5% after year one, but that’s still slightly better than other cards. Another benefit of this card is that it doesn’t charge foreign transaction fees, so you can shop guilt-free during your vacation.
To get this card, you must be a member of the Alliant Credit Union – but it’s simple enough to apply. You can join if you are:
- Willing to make a one-time $10 donation to the Foster Care to Success charity group.
- An employee or retiree of a Qualifying Company.
- A member of a Qualifying Organization.
- An immediate family member of an existing Alliant member.
4. Citi® Double Cash Card
Rewards: 2% Cashback
Annual Fee: $0
The Citi® Double Cash Card is a no-nonsense 2% cash back card. You get 1% when you make purchases and another 1% when you pay. It also has a 0% APR on balance transfers for 18 months – though these don’t count towards your cash back. You’ll also have access cool features like Price Rewind; if a cheaper price is found than the one you paid you’ll get a refund, and to Citi Price Pass where you can buy hard to find tickets to thousands of events.
5. Capital One® Spark Cash for Business
Rewards: 2% Cashback and a $500 bonus
Annual Fee: $0 for the first year, then $99 annually
With this next card, you’ll earn 2% cash back every time you make a purchase. There’s also a tempting $500 bonus which you will get after spending $4,500 during the first three months of opening an account.
All Spark cards offer Visa Business Benefits too, these include:
- Auto rental collision waivers
- Purchase protection and extended warranties
- Travel and emergency services
6. Fidelity® Rewards Visa Signature® Card
Rewards: 2% Cashback in the form of rewards points
Annual Fee: $0
This credit card offers a flat-rate of 2% cash back on all purchases, with your rewards being issued in the form of points. Your points will never expire and there is no limit to how many you can earn. But, you must have a Fidelity account to get this card. Six different Fidelity accounts are eligible to own the Fidelity® Rewards Visa Signature® Card and they are:
- Brokerage account
- Fidelity® Cash Management Account
- Fidelity-managed 529 College Savings plan
- Retirement account
- Fidelity Go® account
- Fidelity Charitable® Giving Account®
If you are retired we’ve listed the best credit cards for you in our article The Top 9 Credit Cards for Seniors and Retirees.
