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 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.
2% cash back on $1,000 in combined 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.
The best way to get 10% cash back from a credit card is by earning an initial rewards bonus. For example, a bonus of $150 cash back for spending $500 within 3 months of opening an account – a deal several cards currently offer – is 10% back three times over. The Capital One Quicksilver and SavorOne cards have that 30% cash back initial bonus offer, as do the Chase Freedom and Freedom Unlimited cards. They all have $0 annual fees.… read full answer
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. For example, the NHL Discover it card offers 10% off ShopNHL.com and NHL.TV purchases. And Discover it Cash Back offers 5% back in bonus categories and gives double rewards the first year, for a total of 10% cash back on some purchases.
In terms of more consistent cash back rates, the highest on the market is Amex Blue Cash Preferred’s 6% cash back on $6,000 spent per year at U.S. supermarkets. For a high rate on all purchases, the best offer is Citi Double Cash, which gives 2% cash back.
Here are the best 2% to 10% cash back credit cards:
Best for groceries: Amex Blue Cash Preferred. 6% cash back on the first $6,000 per year at U.S. supermarkets, unlimited 3% at U.S. gas stations and select U.S. department stores and 1% on everything else. $200 for spending $1,000 in the first 3 months. In 2016, Blue Cash Preferred and Blue Cash Everyday offered a limited-time promotion for 10% cash back on U.S. wireless telephone service. But it’s long gone now.
Best for gas: Amex Cashback Rewards Plus. 5% cash back on the first $3,000 per year in gas or military purchases, 2% on the first $3,000 at supermarkets and 1% on everything else.
10% first year rate: Discover it Cash Back. 5% cash back on the first $1,500 spent in quarterly categories and 1% on everything else. 10% cash back the first year, because rewards get doubled at the end of the year.
Best for hockey fans: NHL Discover it. 5% cash back on the first $1,500 spent in quarterly categories, 1% on everything else. Rewards doubled at end of first year only for total of 10% cash back. 10% Discount at ShopNHL.com and NHL.TV.
Best cash bonus: Chase Freedom. $150 for spending $500 in the first 3 months. 5% cash back on your first $1,500 spent in quarterly categories, 1% on everything else.
Best for travel: Capital One Venture. 50,000 miles for spending $3,000 in the first 3 months ($500 in travel). 2 miles per $1 on all purchases.
Best overall cash back rate: Citi Double Cash. 2% cash back on all purchases, 1% at the time of purchase and 1% when the purchase is paid off.
Best store card rate: Overstock.com Credit Card. 8% back in Club O rewards on Overstock purchases, 2% Club O rewards on gas and groceries, 1% Club O rewards on everything else.
The highest cash back rates all have caps. But you’ll 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, will give more value in the long run.
The best 2.5% cash back credit card is the Alliant Cashback Visa® Signature Credit Card. Cardholders get unlimited 2.5% cash back on all purchases. The card’s annual fee is: $0 1st yr, $99 after. To get the card, you’ll need to be a member of the Alliant Credit Union. It’s not difficult to join, though. Some people are eligible for free. 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, which is in line with other comparable cash back cards.… read full answer
Currently, there are no other credit cards offering a flat 2.5% cash back rate. But there are cards that offer an average of 2.5% cash back in specific categories. For example, the Blue Cash Everyday® Card from American Express offers 3% cash back at U.S. supermarkets as well as 2% back at U.S. gas stations and select U.S. department stores. The Capital One SavorOne Cash Rewards Credit Card also gives 3% cash back on dining and entertainment and 2% back on groceries. Or, the Blue Cash Preferred® Card from American Express earns cardholders even more on bonus categories: up to 6% cash back on select U.S. streaming services and U.S. supermarkets, along with 3% back on U.S. gas station and transit purchases. That includes taxis, ride-sharing services, parking fees, tolls, and more.
If you don’t want to keep track of specific categories and are looking for a flat cash back rate, the closest you’ll get to 2.5% cash back is from the Chase Freedom Unlimited® card, the Capital One Quicksilver Cash Rewards Credit Card, and the Citi® Double Cash Card – 18 month BT offer. Chase Freedom Unlimited and Capital One Quicksilver cardholders earn a minimum of 1.5% cash back on every purchase. The Citi® Double Cash Card 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 when all is said and done.
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