The best 2% cash back credit card is Citi Double Cash. It gives unlimited 2% cash back on purchases, 1% when you buy something and another 1% when you pay for it. And there’s no annual fee. Plus, the card offers a 0% APR for 18 months on balance transfers with a 3% fee. You will need good credit to be approved for this card.
But there are several other great 2 percent cash back credit cards to consider when shopping for the best deal.
Here are the best 2% cash back credit cards:
- 2% cash back on all purchases: Citi Double Cash.
- 2% cash back at grocery stores and wholesale clubs: BankAmericard Cash Rewards for Students.
- 2% cash back at Costco: Costco Anywhere Visa.
- 2% cash back at gas stations and select department stores: Amex Blue Cash Everyday.
- 2% cash back on $1,000 in restaurant and gas station purchases per quarter: Discover it Chrome.
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% cash back credit cards put a cap on the amount you can earn with 2%+ rates. Or they only give the rate on certain categories of purchases.
Many of these 2% cash back credit cards offer some other great features in addition to their 2% cash back rates. For example, Citi Double Cash gives a 0% APR on purchases and balance transfers for 18 months. BankAmericard Cash Rewards for Students offers 3% cash back on gas – but its 2% and 3% cash back rates only apply to your first $2,500 spent in those categories combined.
Similarly, the Costco Anywhere Visa gives 4% cash back on your first $7,000 spent per year on gas, and 3% back on restaurants and travel. Blue Cash Everyday offers 3% cash back on your first $3,000 spent at supermarkets, along with a 0% APR for 15 months on purchases and balance transfers. Discover it Chrome matches your first year’s cash back and gives you a 0% APR on purchases and balance transfers for 14 months.
And to top it off, none of these cards have annual fees.