One of the best 2.5% cash back credit cards 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.
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 Wells Fargo Active Cash® Card is another good option. It gives 2% cash rewards on purchases and has an annual fee of $0. The Wells Fargo Active Cash also offers an initial bonus of $200 cash rewards after spending $1,000 in the first 3 months after account opening.
All of these credit cards give 3% cash back, or more, on some types of purchases. There is no credit card currently on the market that gives 3% cash back on all purchases. The best flat-rate cash back credit cards typically give … read full answer2% cash back on all purchases.
Overall, the best credit card that gives at least 3% cash back in major spending categories is the Blue Cash Preferred® Card from American Express. It offers 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. In addition, cardholders can earn a $250 statement credit for spending $3,000 in the first 6 months. Blue Cash Preferred has an intro annual fee of $0 in the first year and $95 after.
Yes, Capital One does have 3% cash back cards. The best Capital One credit card with 3% cash back is the Capital One Savor Cash Rewards Credit Card because it gives 3% back at grocery stores and has an initial bonus of $300 for spending $3,000 in the first 3 months. Several Capital One credit cards offer 3% or more in rewards on purchases in select spending categories, but none of them offer 3% back on all purchases.… read full answer
Yes, 2% rewards is good for a credit card as the average rewards card offers just 1% back on purchases. Several credit cards offer either 2% cash back on all purchases or points/miles worth 2% back, while many more cards offer 2% back only on certain types of purchases.
Even though 2% rewards is above-average for a credit card, you can maximize your rewards by looking for cards that offer more in specific categories. To see more options, check out WalletHub’s editors’ list of the best rewards cards overall.
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