The best 2% cash back credit card is the Citi® Double Cash Card – 18 month BT offer. Citi Double Cash is the best 2% cash back credit card because it has a $0 annual fee and gives unlimited 1% cash back when buying something plus another 1% when paying for it, for a total of 2% cash back on all purchases.
For a rewards credit card, 2% cash back on everything is about the best you can aim for. That’s why Citi Double Cash is one of the best credit cards on the market right now. But there are a few other great 2%+ cash back credit cards to consider when shopping for the best deal.
At the end of the day, Citi Double Cash is the best 2% cash back credit card because it offers an unlimited 2% cash back rate on all purchases. Most 2 percent cash back credit cards put a cap on the amount you can earn with a 2%+ rate. Or they only give the rate on certain categories of purchases.
There aren’t any 10% cash back credit cards, at least none offering that much back on all purchases. But you can get 10% cash back from some credit cards in specific spending categories or thanks to promotional offers.
A good 10% cash back credit card is the CB2 Credit Card; it offers 10% in Rewards Dollars on purchases at CB2, that can be redeemed for reward certificates.… read full answer
The best way to get 10% cash back from a credit card is by earning an initial rewards bonus. For example, many cards offer cash back bonuses for spending a certain amount in a given time and that often amasses to more than 10% of the spending requirement. But there are plenty of credit cards with good sign-up bonuses, especially if you don't limit yourself to cash back.
Here are some good 2% to 10% cash back credit cards on select categories:
Good for groceries:Blue Cash Preferred® Card from American Express. 6% cash back at U.S. supermarkets (up to $6,000 spent per year), 6% back on select U.S. streaming subscriptions, 3% back at U.S. gas stations and on transit, and 1% back on all other purchases, earned as statement credits. $300 statement credit for spending $3,000 in the first 6 months.
Good cash bonus:Chase Freedom Flex℠. $200 for spending $500 in the first 3 months. 5% cash back on grocery store purchases for the first year (up to $12,000 spent), 5% cash back on up to $1,500 spent per quarter in bonus categories (which change every quarter and require activation), 5% cash back on travel through Chase, 3% back at restaurants and drugstores, and 1% back on all other purchases.
Good store card rate:CB2 Credit Card. 10% back in reward dollars at CB2, 2% on groceries and 1% back on all other purchases.
The highest cash back rates all have caps. But you’ll almost always earn at least 1% back when you make a purchase.
Also note that some cards with high cash back earning rates have bonus categories that change every few months. Others have bonus categories that stay the same. In many cases, cards with lower but unlimited rates, like Citi Double Cash Card, will give more value in the long run.
All of these credit cards give 5% cash back, or more, on certain expenses. Some of those categories may change quarterly or yearly, require activation and usually have a cap. There’s never been a general-purpose credit card that rewards users with 5% cash back on all purchases.
The best 2.5% cash back credit card is the Alliant Cashback Visa® Signature Credit Card. Cardholders earn 2.5% cash back on the first $10,000 per month (with qualifications met) and 1.5% otherwise, and the card’s annual fee is $0.
To get the card, you’ll need to be a member of the Alliant Credit Union, but it’s not difficult to join. Some people are eligible for free, and everyone else can qualify with a $5 donation to Foster Care to Success. You’ll also need excellent credit to be approved for the card.… read full answer
Currently, there are no other credit cards offering a flat 2.5% cash back rewards rate on all purchases. But there are cards that offer even higher earning rates in specific spending categories.
If you don’t want to keep track of specific categories and are looking for a flat cash back rate, the Citi® Double Cash Card – 18 month BT offer is another good option. It gives 1% cash back on every purchase, then another 1% cash back when you pay off those purchases, for a total of 2% cash back.
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