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 the annual fee is $0. Plus, the card offers an intro APR of 0%
for 18 months on balance transfers with a transfer fee of 3% (min $5). You will need good credit or better to be approved for this card.
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 the best cash back credit card 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.
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 (plus 4% on gas at Costco): Costco Anywhere Visa.
- 2% cash back at gas stations and select department stores (like Kohl’s & Macy’s): 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 percent 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% earn rates. BankAmericard Cash Rewards for Students offers 3% cash back on gas, online shopping, dining, travel, drug stores, or home improvement/furnishings – you get to choose the category. But its 2% and 3% cash back rates only apply to your first $2,500 spent in those categories combined.
Some other great features of these credit cards: The Costco Anywhere Visa gives 4% cash back on your first $7,000 spent per year on Costco gas and other eligible gas, and 3% back on restaurants and travel. Blue Cash Everyday offers 3% cash back on $6,000 spent annually at supermarkets. Discover it Chrome’s most rewarding categories are gas stations and restaurants, which give 2% cash back, but this card matches your first year’s cash back which can be substantial if you’re maximizing your 2% category spending every quarter.
And to top it off, none of these cards have annual fees.