What is the best 2.5% cash back credit card? This question is about Best Cash Back Credit Cards

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. 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. Best 2.5%+ Cash Back Credit Cards Alliant Cashback Visa® Signature Credit CardCapital One SavorOne Cash Rewards Credit CardCapital One Savor Cash Rewards Credit CardBlue Cash Preferred® Card from American ExpressChase Freedom Unlimited®Ink Business Premier℠ Credit Card 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. This card gives 2% cash rewards on purchases and has an annual fee of $0. Wells Fargo Active Cash also offers an initial bonus of $200 cash rewards after spending $500 in the first 3 months after account opening. You can also take a look at our editors’ latest picks for the best cash back credit cards on the market to weigh your options.

Ad Disclosure Ad Disclosure

What is the best 2.5% cash back credit card?

Report Abuse

This question is about Best Cash Back Credit Cards

see this user

Lisa Cahill, Credit Cards Moderator

@lisacahill • 09/28/23 This answer was first published on 02/12/21 and it was last updated on 09/28/23.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

Permalink Report Abuse

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.

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.

Best 2.5%+ Cash Back Credit Cards

Ink Business Premier℠ Credit Card

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. This card gives 2% cash rewards on purchases and has an annual fee of $0. Wells Fargo Active Cash also offers an initial bonus of $200 cash rewards after spending $500 in the first 3 months after account opening.

You can also take a look at our editors’ latest picks for the best cash back credit cards on the market to weigh your options.

JohnyLuu Jack @jonathanluu2

Report Abuse

They recently added qualifications for the 2.5% that include opening and using a checking account with them, and also maintaining a minimum balance. They evaluate on a quarterly basis too. Very complicated! Otherwise, you only get 1.5%. Kills the card unless you're willing to bank with them...

What are the best 3% cash back credit cards?

The best credit card that gives at least 3% cash back in major spending categories is Chase Freedom Unlimited®. It offers 5% cash back on travel through Chase, 3% back at restaurants and drugstores, and 1.5% back on all other purchases (plus an additional 1.5% cash back on everything, up to $20,000 spent the first year). Chase Freedom Unlimited also has a $0 annual fee.

Best 3% Cash Back Credit Cards

Chase Freedom Unlimited®:...

read full answer

Does Capital One have a 3% cash back card?

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.

Capital One 3%+ Cash Back Credit Cards

Best Overall: Capital One Savor Cash Rewards Credit CardCapital One Savor Cash Rewards Credit CardLearn MoreLearn More
Rates & FeesBest for Students: Capital One SavorOne Student Cash Rewards Credit CardCapital One SavorOne Student Cash Rewards Credit CardLearn MoreLearn Moreon issuer's website
Rates & FeesIntro 0% APR: Capital One SavorOne Cash Rewards Credit CardCapital One SavorOne Cash Rewards Credit CardLearn MoreLearn Moreon issuer's website
Rates & FeesBest for Walmart Shoppers: Capital One Walmart Rewards® Mastercard®Capital One Walmart Rewards® Mastercard®Learn MoreLearn Moreon issuer's website

...

read full answer

Is 2% rewards good?

Yes, 2% rewards is good for a credit card, especially if you're earning at least 2% back on all purchases, as the average rewards card offers just 1% back. 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.

Credit Cards with 2% Back on Purchases

read full answer

Did we answer your question?

WalletHub is committed to transparency and editorial independence. The information about the following cards has been independently collected by WalletHub: Capital One Savor Cash Rewards Credit Card, The Bank of Missouri Visa® Signature Card, U.S. Bank Shopper Cash Rewards Visa Signature® Card, Alliant Cashback Visa® Signature Credit Card, PNC Premier Traveler® Visa Signature Credit Card, PayPal Credit Card, and Synchrony Premier World Mastercard®

WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.

WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. This question was posted by WalletHub. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.

Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.

WalletHub Transparency

We are committed to being fully transparent with our readers. Opinions expressed here are the author’s and/or WalletHub editors'. WalletHub editorial content on this page is not provided, commissioned, reviewed, approved or otherwise endorsed by any company. In addition, it is not any company’s responsibility to ensure all questions are answered.