What are the best 3% cash back credit cards?

Question

The best 2% cash back credit card is the Citi Double Cash Card. Citi Double Cash is the best 2% cash back credit card because it has a $0 annual fee and gives unlimited 2% when buying something plus another 1% when paying for it, for a total of 2% cash back on all purchases.… read full answer

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: Bank of America 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. Bank of America 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.

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Answer 1 · 2020-11-05 20:21:45

WalletHub, Financial Company

@WalletHub 11/05/20

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The best credit cards for at least 3% cash back in major spending categories are:

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 2% cash back on all purchases.

Answer 2 · 2020-10-09 08:05:51

bergman77, Finance Pro

@bergman77 10/09/20 First posted on 01/16/18
Last reviewed on 10/09/20

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There are no credit cards with 3% cash back on everything, at least not forever. The closest you can get is with the Alliant Credit Union Visa Signature card. It gives 2.5% cash back, which is still fantastic. The catch is that you’ll need excellent credit to qualify for this card (anyone can join the credit union). The Alliant Visa has an annual fee of $0 for the first year but $99 after that.

The only other 3% cash back credit cards that exist just give you that earning rate on certain categories of purchases. One of the best offers is the Blue Cash Preferred Card from American Express, which gives 3% cash back at U.S. gas stations and transit. On top of that, there’s 6% back on the first $6,000 spent per year at U.S. supermarkets and streaming subscriptions and 1% on everything else. The Blue Cash Preferred card has a no annual fee the first year, $95 after that. It requires good credit for approval.

MICHAEL LEVINE @mikeydebk457
You are incorrect about there being NO Credit Cards offering 3% cash back on everything for the lifetime of the card. A small credit uniom in Northen Alabama called AOD FCU does offer 3% cash back on all pursches for the life of the card. There is NO annual fee for this card too ever. The credit union is very restrictive in letting people join. Thats the downside.

Gregory Petrack @gregoryp_80
Alliant Credit Union (Signature VISA) is still offering 3% cash back on ALL purchases for the first year. 2.5% on ALL purchases after that.

Answer 3 · 2020-05-22 08:08:10

Store Card Sarah, Member

@StoreCardSarah 05/22/20 First posted on 02/27/19
Last reviewed on 05/22/20

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If you’re a Costco member, there’s the Costco Anywhere Visa: unlimited 3% cash back on restaurant and travel purchases, plus 4% back on your first $7,000 in gas purchases every year. Costco purchases get 2% back and whatever else you buy gets 1%. Capital One Savor is a great alternative if you’re not into Costco. Savor gives 4% cash back on dining and entertainment, 2% at grocery stores and 1% on other purchases. It has a $300 initial bonus too, and doesn’t charge an annual fee the first year - $95 after.

What are the best 3% cash back credit cards?

WalletHub, Financial Company

bergman77, Finance Pro

Store Card Sarah, Member

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